作者丨FOFWEEKLY 导读： 上市公司持续表现活跃。 向64支基金,出资笔数共计74笔,已披露金额的出资额合计98.81亿元,平均单笔出资额 1. 34亿元。 12月参与出资基金的平均规模相较11月大幅增加,呈上升趋势。 PART II. 上市公司LP出资分布 70 70.00 60 60 00 50 50.00 40 40:00 30 30.00 20 20.00 10 10.00 0.00 0 1月 6月 7月 2月 3月 4月 -5月 8月 9月 10月 11月 12月 2025年 出资规模(亿元)非国资 出资规模(亿元) 国资 出资次数 国资 出资次数 非国资 国资与非国资出资情况 12月份，上交所、深交所共有71家上市公司(含子公司)对私募股权基金进行了出资，共投向64支基金，出资笔数共计74笔，已披露金额的出资额合计 98.81亿元，平均单笔出资额1.34亿元。 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，其次是浙江。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： 12月,国资出手16次,出资规模为37. 28亿元,非国资出手58 ...

来源：无锡金融发布 1月21日，"交融科产（无锡）创业投资合伙企业（有限合伙）"顺利完成基金业协会备案（备案 编码：SBPD28），成为无锡首只完成备案的AIC基金。该基金由交通银行无锡分行联动交银投资 （交银资本）和高新区科产集团发起组建，总规模为1亿元，由交银资本担任管理人。 据悉，基金将立足高新区、辐射无锡，以"股权投资+产业赋能"为双轮驱动，重点投向战略性新兴 产业及未来产业领域，助力区域构建现代化产业体系，为地方高质量发展与新质生产力培育注入持 续、稳健的金融活水。 每日｜荐读 热文： 谁押中了沐曦股份？ 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" ...

Group 1 - The core viewpoint of the article is the establishment of the Xia Chuang Ling Ban Artificial Intelligence Investment Fund, which has a total scale of 1 billion yuan, focusing on the entire AI industry chain [1] - The fund is jointly initiated by Jiangxia Ke Investment and Wuchuang Investment in collaboration with Rokid, targeting key areas such as new materials and optical displays, particularly in smart glasses [1] - The investment strategy aims to create a complete investment loop characterized by "terminal traction - data empowerment - scene landing," emphasizing vertical application scenarios like industrial inspection and digital cultural tourism [1]

来源：天眼查 每日｜荐读 热文： 谁押中了沐曦股份？ 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 近日，陕西低空航飞产业基金合伙企业（有限合伙）成立，出资额3亿元人民币， 执行事务合伙人 为和翎同行（西安）私募基金有限公司。 经营范围包含创业投资（限投资未上市企业）。股权数 据显示，该企业由 陕西省政府投资引导基金合伙企业（有限合伙）、渭南市工业倍增发展基金 （有限合伙）、和翎同行（西安）私募基金有限公司、西安和翎航装投资合伙企业（有限合伙）共 同出资。 ...

Core Viewpoint - The current investment environment is characterized by high enthusiasm and urgency among investors, leading to a simplified investment process focused on relationships and quick decisions [5][6][7]. Group 1: Market Conditions - The equity investment market is described as a "sauna," with high temperatures and intense competition among investors [5]. - There is a significant rush for investment quotas, particularly in sectors like commercial aerospace and quantum computing, where valuations have rapidly increased [5][6]. - The market is experiencing a revival, with investors eager to recover lost time and profits from the previous years [6]. Group 2: Investment Trends - The hottest sectors currently include new energy and semiconductors, with specific subfields like lithium batteries and hydrogen energy attracting substantial investment [10]. - Valuations in these sectors have skyrocketed, with companies achieving valuations of billions despite relatively low revenues [10]. - However, there are concerns about overvaluation and potential market corrections, particularly in the lithium battery sector, which has seen a significant decline in interest and investment [11]. Group 3: Future Outlook - The article suggests that only leading companies in future technology sectors may qualify for IPOs on the STAR Market, while others might have to seek listings in Hong Kong [12]. - There is a cautionary note regarding the sustainability of the current investment enthusiasm, emphasizing the need for investors to be discerning and avoid following trends blindly [12][15]. - The best investment opportunities may arise during market downturns, where undervalued companies can be identified [13][15].

近日，广西国元产业高质量发展投资基金（以下简称"广西国元产业基金"）面向全国征集优质子 基金管理机构开展合作。 广西国元产业基金由广西壮族自治区产业园区改革发展办公室（以下简称"自治区园区办"）作为 主管单位，广西投资引导基金有限责任公司（以下简称"广西引导基金"）作为主要出资方，国元 股权投资有限公司（以下简称"国元股权"）作为基金管理人共同发起设立。 母基金规模20亿元，存续期限12年，其中投资期7年，退出期5年。据悉，基金聚焦人工智能、半 导体、生物医药、新能源及新能源汽车、高端装备制造等具有前沿性的战略性新兴产业项目，重点 支持长三角等地意向投资广西企业落地相关地市及产业园区。同时，对符合产业发展方向的创新科 技类、成长型企业按照"投早投小"原则加速培育，投资比例不超过基金规模的30%。 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 来源：国元股权投资有限公司 每日｜荐读 热文： 谁押中了沐曦股份？ ...

Core Viewpoint - Guangzhou is implementing a new model for technology achievement transformation called "补改投" (subsidy to investment), which allows for a maximum loss tolerance of 100% to encourage investment in early-stage technology projects [6][9]. Group 1: Policy Overview - The "补改投" pilot program aims to address the financing challenges in the initial stages of technology transformation by optimizing fiscal funding methods and encouraging diverse social capital participation [4][6]. - The program introduces two new models: "invest first, equity later" for early-stage projects and converting cash awards from innovation competitions into equity investments [7][8]. Group 2: Mechanism and Highlights - The program establishes a full-chain management process from project selection to post-investment management, including a "liability exemption and loss tolerance mechanism" to ensure the safety and cyclical use of fiscal funds [8][9]. - Key highlights include innovative mechanisms for market selection and government investment, ecological collaboration to leverage social capital, and a governance system that promotes early and small investments in hard technology [8][9]. Group 3: Regional Context and Support - The Guangdong province is leading in creating a "patient capital" ecosystem, with a comprehensive action plan to promote high-quality venture capital development [11]. - The establishment of significant funds, such as the Guangdong Strategic Emerging Industry Investment Guidance Fund with a registered capital of 50 billion yuan, reflects strong policy support and a robust industrial foundation [12]. Group 4: National Trends - Nationally, there is a shift towards "patient capital," with various regions implementing mechanisms that allow for high loss tolerance in government-guided funds, fostering a long-term investment environment [15][16]. - The transformation of state-owned capital from mere funding sources to long-term partners in the investment process is crucial for supporting hard technology and innovation [18].

Core Viewpoint - The article discusses the Shanghai Pudong New Area's initiative to enhance the construction of the Zhangjiang Artificial Intelligence Innovation Town, focusing on the establishment of a 2 billion yuan seed fund to support early-stage investments in AI technologies [1] Group 1: Funding Initiatives - The plan emphasizes the role of artificial intelligence funds, leveraging Shanghai's three major leading industry mother funds and guiding area funds to strengthen collaboration with universities and research institutions [1] - A seed fund of 2 billion yuan will be established, targeting specific areas such as vertical models and embodied intelligence, with a strategy to invest early and in smaller amounts [1] - The initiative aims to increase the direct investment ratio of angel funds and to establish sub-funds focused on concept validation and high-quality incubation [1] Group 2: Corporate Development Support - The plan promotes the establishment of Corporate Venture Capital (CVC) funds, merger and acquisition funds, and S funds to empower the development of growth-stage and mature enterprises [1] - The Zhangjiang Artificial Intelligence Innovation Town will serve as a hub to connect funds and attract outstanding entrepreneurs from both domestic and international markets, fostering the development of unicorn projects [1]

据悉，新工产投始终聚焦南京市"2+6+6"创新型产业体系，坚持"三个优先"原则。该基金优先与 集团上市公司联合开展并购投资，撮合集团丰富的上市公司、核心企业产业资源，将围绕重点产业 领域更好地拓展集团核心主业，进行强链、补链、延链和并购投资。 来源：南京新工产投 每日｜荐读 热文： 谁押中了沐曦股份？ 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 1月19日，南京新工医疗健康强链并购股权投资基金（有限合伙）完成基金业协会备案。在2026 年1月9日，新工产投于合新工集团、创投集团发起设立规模8亿元的南京新工医疗健康强链并购股 权投资基金，后续拟扩募至20亿元。 ...

国务院新闻办公室于1月21日上午举行新闻发布会，工业和信息化部介绍2025年工业和信息化发 展成效有关情况，并答记者问。 近期已经启动第二阶段6G技术试验 在移动网络方面，已建成5G基站483.8万座，全国所有乡镇以及95%的行政村已通5G，5G演进 网络（5G-A）已覆盖超330个城市。目前，我国5G标准必要专利声明量全球占比达42%；6G研 发已完成第一阶段技术试验，形成了超300项关键技术储备，近期已经启动第二阶段6G技术试 验。 扩大"二次号码焕新"覆盖范围，推动接入更多与民生密切相关的互联网应用。完善APP个人信息 保护常态长效治理机制。 2025年我国人工智能核心产业规模预计突破1.2万亿元 国内企业发布多款人工智能芯片产品，智能算力规模达1590EFLOPS，行业高质量数据集加速涌 现，国内大模型引领全球开源生态。据有关机构测算，2025年我国人工智能企业数量超过6000 家，核心产业规模预计突破1.2万亿元。 加快推动人工智能产业高质量发展 近期，工信部联合7部门出台《"人工智能+制造"专项行动实施意见》，并配套制定了行业转型指 引和企业应用指南。下一步，我们将以落实《实施意见》为抓手，加快推 ...