Core Viewpoint - The establishment of the Nanjing Jiangbei Embodied Intelligence Industry Investment Fund aims to support the development and transformation of the robotics manufacturing industry in the Nanjing Intelligent Manufacturing Industrial Park [2] Group 1: Fund Structure and Investment Focus - The fund will primarily invest in the field of embodied intelligence and related industries [2] - The state-owned assets in Jiangbei New District will contribute no more than 70% of the total subscribed capital of the fund, with contributions from social capital matching this proportion [2] - The fund management institution is required to contribute at least 1% of the total subscribed capital of the fund [2] Group 2: Investment Strategy - The fund is expected to invest all its capital into the Nanjing Intelligent Manufacturing Park project [2]

据悉，作为市科创集团六大未来产业基金矩阵的重要组成部分，台州市半导体产业基金（温岭）将始终践行"投早、投小、投长期、投硬科技"理念， 重点投向半导体产业链关键环节，引导产业链优质企业落地，实现全方位创新、全链条培育、全过程服务；进一步助力台州构建具有区域竞争力的半 导体产业生态、打造长三角集成电路特色产业基地，为浙江省"415X"先进制造业集群建设注入强劲的台州动能。 来源：台州科创集团 每日｜荐读 日前，台州市半导体产业基金（温岭）——温岭金雨壹嘉创业投资合伙企业（有限合伙）完成工商注册。 该基金总规模10亿元，其中，台州金投科创母基金与温岭国资为主要出资人，金雨茂物担任基金管理人，多方主体协同发力，共同构建起"市级引 导、区级主导、专业管理"的高效协同投资模式，为基金实现专业化、市场化运营筑牢坚实保障。 论坛： 2025母基金年度论坛圆满举办：内地携手香港，共话科创时代中国力量 荐读： 重新发现香港：科创时代的新蓝图 榜单： 「2025投资机构软实力排行榜」正式发布 热文： 今天，LP、GP都往厦门飞 ...

导读： 上市公司持续表现活跃。 作者丨FOFWEEKLY 9月参与出资基金的平均规模相较8月有所增加，整体呈上升趋势。其中，上交所、深交所共有42 家上市公司(含子公司)对私募股权基金进行了出资，共投向43支基金，出资笔数共计51笔，已披露 金额的出资额合计60.05亿元，平均单笔出资额1.28亿元。 从上市公司出资次数的分布上看，最多上市公司出资的地区为广东和浙江，其次是江苏和上海。从 规模分布上看，本月北京的上市公司出资规模最大，出资规模超过10亿。 上市公司出资详情如下： 44 43 60 40 36 FOFVEE 36 50 30 40 24 t 30 20 20 10 10 0 0 10月 11月 12月 1月 2月 3月 4月 5月 6月 7月 8月 -VL 9月 出资规模(亿元) = =出资次数 9月份,上交所、深交所共有42家上市公司(含子公司)对私募股权基金进行了出资, 共投向43支基金,出资笔数共计51笔,已披露金额的出资额合计60.05亿元,平均单笔 出资额1.28亿元。 9月参与出资基金的平均规模相较8月有所增加,整体成上升趋势。 行业分布 | 房地产 | 7 ■ 金融 12 16.0 ...

来源：金航集团 每日｜荐读 论坛： 2025母基金年度论坛圆满举办：内地携手香港，共话科创时代中国力量 荐读： 重新发现香港：科创时代的新蓝图 榜单： 「2025投资机构软实力排行榜」正式发布 热文： 今天，LP、GP都往厦门飞 10月22日，金湾区首支天使基金（以下简称"基金"）在珠海国际健康港发布设立。基金是由珠海市金湾区属国企金航集团旗下基金公司作为管理人 发起、联港集团共同参与设立的总规模2亿元、首期规模1亿元的投早、投小、投硬科技的创投基金。 基金重点围绕集成电路、医疗健康、新能源、新材料、智能制造、低空经济、人工智能、航空航天、海洋经济等国家、省、市鼓励发展的战略性新兴 产业，投向种子期、初创期的科技项目。金湾区天使基金的设立旨在通过基金投资加大对金湾区科技成果转化和产业链上下游中小企业的场景对接、 加快培育金湾区战略性新兴产业和未来产业，助力金湾区构建以新质生产力为支撑的现代化产业体系。 ...

10月22日，深圳市地方金融管理局联合深圳市发展和改革委员会等印发《深圳市推动并购重组高质量发展行动方案（2025—2027年）》。 在丰富拓展并购重组融资渠道方面，《行动方案》鼓励符合条件的企业综合运用现金、股份、定向可转债、科创债券等方式实施并购重组，用好重组 股份对价分期支付、配套募集资金储架发行等机制。鼓励银行机构通过并购贷款、银团贷款、投贷联动等方式对企业市场化兼并重组给予信贷支持。 探索开展非居民并购贷款、科技型企业并购贷款创新试点等。 《方案》明确，力争到2027年底，辖区上市公司质量全面提升，境内外上市公司总市值突破20万亿元，培育形成千亿级市值企业20家。并购重组市 场量质齐升，累计完成并购项目超200单、交易总额超1000亿元，落地一批行业示范案例。加快打造并购基金矩阵，培育集聚优秀并购基金管理 人，带动社会资本形成万亿级"20+8"产业基金群，带动重点产业链协同并购，构建完备产业链并购生态圈。 《行动方案》提出了包括聚焦新质生产力开展并购重组等方面的十大重点任务。在集成电路、人工智能、新能源、生物医药等战略性新兴产业领域， 支持链主企业、龙头上市公司等开展上下游并购重组，收购有助于强链补 ...

Core Insights - The investment landscape is experiencing a revival, with increased fundraising, investment, and exit activities in the venture capital sector [2][3][10] - There is a significant shift in international capital's perception of Chinese assets, moving from "cannot invest" to "cannot miss investing" [3][8] IPO Activity - The Hong Kong IPO market is witnessing a surge, with total IPO financing reaching HKD 182.9 billion by the end of September, more than doubling compared to the same period in 2024 [7] - The number of public listing applications being processed is close to 300, indicating a robust market environment [7][8] Exit Opportunities - The current year is being referred to as a "year of exits," with many projects being encouraged to initiate the IPO process, revitalizing the investment chain [5][6] - Improved exit expectations are allowing funds to communicate more confidently with Limited Partners (LPs) and restructure valuation systems for late-stage projects [6] Foreign Investment Trends - There is a noticeable increase in enthusiasm from overseas investors, particularly from Europe, the Middle East, and emerging markets, who are becoming foundational investors in Hong Kong IPOs [8][11] - Middle Eastern sovereign wealth funds are actively engaging with the Chinese market, exemplified by a USD 300 million equity investment fund focused on AI, new energy, and semiconductor sectors [12] Talent Market Changes - The talent market is also responding to the renewed investment activity, with several funds restarting key recruitment after a three-year freeze [13] - There is a growing demand for investment professionals to support Chinese companies' international expansion [13] Market Sentiment - The overall market sentiment is shifting positively, with increased trading activity and a clear opening of exit windows [10][15] - The current phase is characterized by a new cycle driven by institutional benefits and high-quality assets, marking a fundamental change in foreign LPs' attitudes towards Chinese assets [15]

近日，由中信建投资本管理有限公司（以下简称"中信建投资本"）与漳州片仔癀投资管理有限公司、漳州片仔癀资产经营有限公司、漳州市产业股权 投资有限公司、漳州高鑫发展有限公司、漳州市旅游投资集团有限公司、桐乡市金凤凰服务业发展集团有限公司、桐乡市华笙商业管理有限公司、桐 乡市产融桐富创业投资合伙企业（有限合伙）共同发起设立的漳州高鑫润信大健康产业投资合伙企业（有限合伙）（以下简称"漳州高鑫润信大健康 基金"）在中国证券投资基金业协会完成备案。 来源：中信建投资本 每日｜荐读 论坛： 2025母基金年度论坛圆满举办：内地携手香港，共话科创时代中国力量 荐读： 重新发现香港：科创时代的新蓝图 榜单： 「2025投资机构软实力排行榜」正式发布 热文： 今天，LP、GP都往厦门飞 漳州高鑫润信大健康基金由中信建投资本担任基金管理人、普通合伙人及执行事务合伙人。基金总规模10亿元，主要投资领域为医疗健康领域，包 含药品、医疗器械、医疗健康上游供应链及零部件、食品保健品、合成生物、化工材料、消费医疗等大健康相关赛道，对非上市企业（重点关注成长 期以及早期创业投资项目）进行股权投资。 ...

2025年10月21日 - 腾云香港科创集群加速器有限公司(「腾云」)于数码港举行开幕典礼，标志着在香港特区政府政策的倡导下，由民间资源发起 组织的香港首个聚焦「创科出海」的资本驱动型加速平台正式启动。主礼嘉宾创新科技及工业局局长孙东教授、工业专员(创新及科技) 葛明博士、 香港数码港管理有限公司行政总裁郑松岩博士、中国机电产品进出口商会会长张钰晶联同世纪金源集团总裁兼加速器联合创始人黄涛及香港水木投资 集团董事长兼加速器联合创始人方方主持仪式。 母基金周刊创始合伙人&CEO、杉域资本创始合伙人张予豪受邀出席活动，与来自香港创科界、内地科创及创投领域，以及首批入驻加速器科创企业 和投资机构的 近二百位 代表，共同见证 腾云香港科创集群加速器开幕。 据介绍，为响应特区政府提出的「创科加速器先导计划」，腾云于数码港设立约20,000平方呎空间，作为中国创科企业「通过香港走向世界」的战 略平台。 首批引入70家聚焦信息技术、人工智能、先进制造、生物医药、医疗器械及能源科技等战略性新兴产业的优质企业。 空间设有创科展示中 心、智能会议室系统、全景接待室及办公区域，构建「政产学研投」融合出海生态圈，助力企业以香港为桥头 ...

Core Insights - The completion of the equity transfer transaction of Loscam International Holdings Limited marks a significant milestone for Mubadala in the Asian industrial sector, reflecting global investors' confidence in the optimization and long-term growth potential of the Asian supply chain [2][3] - Loscam, a leading provider of logistics and packaging solutions in the Asia-Pacific region, focuses on sustainable logistics packaging equipment, helping clients achieve cost reduction and efficiency in their supply chains [2] Company Overview - Loscam was established in 1942 and is headquartered in Hong Kong, operating across 13 Asia-Pacific markets including Australia, New Zealand, Southeast Asia, and Greater China [2] - The company specializes in providing sustainable logistics packaging solutions, including standardized pallets and fresh produce turnover crates, aimed at the fast-moving consumer goods, retail, and manufacturing sectors [2] Investment Implications - The investment by Mubadala, along with other partners, signifies a new phase of development for Loscam, enhancing its global perspective and innovative capabilities [3] - The collaboration is expected to facilitate Loscam's expansion into global markets and reshape the logistics packaging equipment sector [3] Market Dynamics - The global pallet market is experiencing strong growth, driven by innovations in automation, big data, and materials science, which are enhancing the logistics industry's efficiency and sustainability [3] - The pallet pooling system is identified as a critical component of modern logistics, demonstrating flexibility and resilience across different economic cycles [3] Strategic Outlook - Mubadala and its partners express confidence in Loscam's growth potential, particularly in the Greater China and Southeast Asia markets, where there is significant room for improvement in pallet pooling services [3] - The investment is seen as a commitment to the Asian market and a strategic direction to expand in key industries with local partners [3]

Core Insights - The article highlights a significant recovery in the private equity market, with institutional LP contributions reaching a peak in September, showing a month-on-month increase of 40.3% and a year-on-year increase of 38.3%, marking the highest level of activity this year [5][29]. - The recovery is supported by a notable increase in fund registrations, with 557 new private equity and venture capital funds registered in September, representing a month-on-month surge of 51.4% and a year-on-year increase of 84.4% [5][29]. Institutional LP Activity - In September, the activity of institutional LPs reached a new high for 2024, with a quarter-on-quarter increase of 9.9% and a year-on-year increase of 11.9% [5]. - The types of LPs contributing to this recovery include industrial, policy, financial, and fiscal LPs, with industrial LPs leading the charge [7][9]. LP Type Structure - The distribution of LP contributions in September shows that industrial LPs accounted for 40.95%, policy LPs for 34.17%, financial LPs for 4.60%, and public LPs for 0.23% [9]. Industrial LP Dynamics - Industrial LPs have regained their dominant position in the market, with a remarkable month-on-month increase of 64% in September, driven primarily by non-listed companies [12][14]. - Government policies, such as tax incentives and relaxed merger loan regulations, have encouraged industrial capital participation, reducing investment costs and risks [12][14]. Policy LP Strategies - Policy LPs remain the largest source of funding, with a month-on-month increase in activity of 17% and a funding scale growth of 41% in September [15][17]. - Government investments are strategically focused on emerging industries aligned with national priorities, such as semiconductors, AI, and renewable energy [15][17]. Financial Institution LPs - Financial institution LPs saw a month-on-month increase in activity of 74% and a funding scale increase of 44% in September, with insurance funds leading the contributions [20]. - The large-scale, long-term investments from insurance funds provide stability to the market, exemplified by significant contributions to various funds [20]. Fiscal LP Contributions - Fiscal LPs have also shown a rapid increase in activity, with a month-on-month rise of 74% in September, aligning their investments closely with local industrial foundations [21]. - Key regions like Guangdong and Shanghai are seeing fiscal LPs focus on sectors such as semiconductors and biomedicine, reflecting a strategic alignment with local industry strengths [21]. Regional Investment Trends - Zhejiang province emerged as the most active region for institutional LP contributions in September, followed by Guangdong and Jiangsu [23]. - Within Zhejiang, cities like Hangzhou, Ningbo, and Jiaxing are leading in contributions, focusing on high-tech sectors such as cloud computing and AI [25]. Overall Market Recovery - The data from September and the third quarter indicate a robust recovery in the primary market, with industrial LPs reclaiming their leading role and policy LPs effectively driving strategic investments [29]. - The collaborative efforts of various LP types and regional strategies demonstrate a strong alignment between capital and local industrial capabilities, fostering a conducive environment for sustained market activity [29].