Group 1 - The core viewpoint of the article highlights the launch of the Shenzhen Semiconductor and Integrated Circuit Industry Investment Fund (referred to as "Saimi Fund") with an initial scale of 5 billion yuan, aimed at boosting the semiconductor and integrated circuit industry in Shenzhen [1] - The Saimi Fund focuses on investment in general and specialized computing power, new architecture storage, optoelectronics, sensors, key manufacturing equipment, components, materials, and advanced packaging and testing [1] - The fund is part of Shenzhen's "20+8" industrial fund initiative and is expected to foster innovation and build a more comprehensive industrial system, contributing to high-quality development in the semiconductor sector [1] Group 2 - The fund is managed by wholly-owned subsidiaries of Shenzhen Capital Group, specifically Futian Hongshi and Shenzhen Zhongtou, with a duration of 10 years and a focus on early-stage and growth-stage investments [1] - The Deputy General Manager of Shenzhen Capital Group, Zhang Jian, stated that the Saimi Fund will help establish a new pattern for the development of strategic emerging industries in Shenzhen, emphasizing long-term and value investment [1] - The fund aims to integrate a vast enterprise ecosystem and provide rich practical application scenarios, promoting deep integration of technological and industrial innovation to create new momentum and advantages for industry development [1]

今年以来，外资持续加大对华战略性布局， 多家国际机构调高对中国经济增长预期。据最新数据显示， 自2024年以来，亚太地区的私募股权并购 交易活动呈现显著反弹。 市场情绪虽然复杂，但交易活动明显活跃，2025年亚太私募股权市场有望迎来交易热潮，企业投资者可能率先推动并购，进而提振私募股权投资者 信心。 在经历深层次结构变化后，一级市场也 投资策略持续演变，市场趋势也不断涌现。 中东主权财富基金、东南亚家族办公室等长期资本明显加大对中 国科技制造、能源转型、消费升级等核心赛道的投入。 一度放缓的美元基金正在重新审视中国资产，多家头部机构悄然重启募资并完成新一轮关账。更多基金采取"双币配置、产业纵深"策略，通过QFLP 等机制深化跨境运营，在挖掘中国供应链与技术创新的同时，积极嫁接亚太区域资源与合作网络。 为深化亚太区域经济协作，激活全球资本高效流动，促进中国企业"走出去"，倡导外国企业"引进来"， Asia Pacific Fortune Forum 2025 （简 称：APFOF 2025）（中文：2025亚太母基金财富论坛）将以CapTech2025为主题于本年度11月12日-14日在澳大利亚悉尼举办。 在全 ...

Core Viewpoint - Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. announced its participation in the CICC Medical Fund, focusing on investments in the healthcare sector, particularly in traditional Chinese medicine, biomedicine, medical devices, and related industries [1] Group 1 - The CICC Medical Fund aims to raise a total of 1 billion RMB, with Zhangzhou Pien Tze Huang Investment Management Co., Ltd. committing to invest 200 million RMB, representing 20% of the fund's target size [1] - The fund will primarily invest in projects related to the Pien Tze Huang industry chain, Pien Tze Huang industrial park, and other projects that attract investment to Zhangzhou [1] - The investment strategy aligns with the growing trend in the healthcare sector, emphasizing the importance of traditional Chinese medicine and related health services [1]

Core Insights - Jiangxi Tungsten Holding Group has established a mining fund with a scale of 5 billion yuan, focusing on overseas resource acquisitions and domestic mine integration [1] - The fund aims to prioritize resource-rich areas in Africa and Central Asia, facilitating a collaborative development model from resources to raw materials to materials [1] - Strategic cooperation agreements were signed with major financial institutions, marking a shift from "single-point cooperation" to "full-dimensional collaboration" [1] Group 1 - The mining fund is jointly funded by national financial institutions such as the Development Bank of China, Agricultural Bank of China, and Transportation Bank, along with provincial state-owned enterprises [1] - The Development Bank of China will leverage its developmental finance advantages to support Jiangxi Tungsten's overseas resource development and cross-border operations [1] - Agricultural Bank of China will enhance collaboration in fund cooperation, industrial park financing, cross-border settlement, and supply chain finance [1] Group 2 - Transportation Bank will provide customized financial services in supply chain finance, technology finance, and capital operations to empower Jiangxi Tungsten's high-quality development [1]

Group 1 - The establishment of Suzhou New Future Equity Investment Partnership (Limited Partnership) with a capital contribution of 17.15 billion RMB focuses on equity investment and venture capital activities [1] - The partners of this enterprise include Suzhou Innovation Investment Group Co., Ltd., Suzhou State-owned Capital Investment Group Co., Ltd., and Suzhou Guofang Asset Management Co., Ltd. [1] - The executive partner is Suzhou Guofang Asset Management Co., Ltd. [1] Group 2 - The 2025 Mother Fund Annual Forum was successfully held, discussing the strength of China in the era of scientific and technological innovation [3] - A ranking of "2025 Investment Institutions' Soft Power" was officially released [3] - There is a notable interest from both LPs and GPs in attending events in Xiamen [3]

10月14日，成都未来产业创业投资引导基金合伙企业（有限合伙）（以下简称创投引导基金）完成工商注册。 来源：交子金融控股 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 据悉，该基金规模44亿元（根据专项债发行进度，近期基金规模将进一步扩大至69亿元），由成都交子金控集团旗下成都交子金控股权投资（集 团）有限公司和成都金控产业引导股权投资基金管理有限公司（以下简称金控产业引导基金公司）共同出资设立，金控产业引导基金公司担任基金管 理人。 ...

Core Viewpoint - The article emphasizes that while "involution" is an unavoidable reality in the current competitive landscape, there are clear pathways to break through, primarily through technological innovation, international expansion, and ecosystem empowerment, all of which should return to the essence of value investing [3][25]. Group 1: Current Market Dynamics - The industry is experiencing an unprecedented wave of technological innovation, with advancements in AI, robotics, low-altitude economy, and new materials expanding industrial boundaries [4]. - Structural challenges accompany technological progress, such as resource concentration, rapid market saturation, and homogenized competition, leading to intensified "involution" especially in the primary market [4][5]. - Investment firms face challenges like fundraising, investment, and exit pressures, necessitating a strategic reevaluation to navigate through cycles while adhering to value principles [4][5]. Group 2: Investment Strategies - The roundtable discussion at the forum highlighted the need for venture capital firms to focus on the value foundation of "new quality productivity" to break free from the "involution" dilemma and lead industrial upgrades [5][6]. - Key strategies for identifying true value in investments include integrating new technologies with traditional industries and focusing on emerging industries driven by continuous information technology advancements [8][9]. - The importance of timing in entering future industries is emphasized, with a focus on high-value segments of the supply chain rather than core assets that may be overvalued [9][10]. Group 3: Overcoming Involution - The discussion on overcoming "involution" stresses that competition is inevitable, and innovation is essential for establishing a competitive edge [19][20]. - Companies should not view international expansion and innovation as mutually exclusive but rather as complementary strategies to build core advantages [20][21]. - The necessity of maintaining a long-term perspective and a commitment to serving national development needs is highlighted as a way to resist "involution" [21][24]. Group 4: Policy and Structural Support - Recent government initiatives emphasize the need for "continuity of capital" to address long exit cycles, with structured funds supporting different investment stages [15][24]. - The establishment of seed funds and the introduction of market-oriented investment institutions at various stages aim to enhance project value assessment and exit strategies [15][24]. - The article concludes with a call for investment firms to uphold their mission of supporting technological innovation and industrial development during this critical phase of nurturing "new quality productivity" [24][25].

10月16日，中信建投资本发布 关于四川省成果转化投资引导基金公开遴选第三批子基金管理机构的公告： 为深入贯彻四川省委十二届三次全会关 于"重构政府产业基金引导体系，打造千亿级母子基金集群"的战略部署，四川省成果转化投资引导基金合伙企业（有限合伙）（简称"成果转化基 金"）拟联合社会资本组建设立第三批子基金，为吸引全国优秀机构积极参与上述子基金组建，现公开遴选基金管理机构。 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 天使期投资子基金规模不低于3亿元，应将总规模的70%投资于以下天使期企业：（1）产品开始初步推向市场，但尚未大规模商业化的科技型企业； （2）企业人数原则上100人以内，团队逐步扩展，涵盖研发、市场和初步的运营团队；（3）企业设立原则上5年以内，已经过早期的技术开发阶 段，进入初步市场验证阶段。 种子期投资子基金规模不低于1亿元，应将总规模的70%投资于以下种子期企业（项目）：（1）技术开发或产品概念验证阶段的科技型企业（项 目）；（2）企 ...

李强希望广大企业家秉持长期主义，持续开拓创新，为我国高质量发展多作贡献。希望专家学者发挥专业优势，为做好经济工作和推动"十五五"发展 积极建言献策。 10月14日下午，中共中央政治局常委、国务院总理李强主持召开经济形势专家和企业家座谈会，听取对当前经济形势和下一步经济工作的意见建 议。 座谈会上，徐奇渊、陈斌开、杨赫、张瑜、李洪凤、江鑫、周宇翔、叶国富等先后发言。大家认为，今年以来，我国经济运行顶住压力、稳中有进， 展现出强大韧性和活力，有不少新的亮点。虽然仍面临一些困难，但有利因素在不断积累。大家还就更好地实施宏观政策、解决当前突出问题提出了 意见建议。 在认真听取专家和企业家发言后，李强说，今年以来，面对复杂严峻的外部环境和经济运行中的困难挑战，在以习近平同志为核心的党中央坚强领导 下，各地区各部门认真落实更加积极有为的宏观政策，迎难而上、沉着应对，全力促进经济持续回升向好，扎实推动高质量发展。对当前经济形势， 要以更宽的视野准确把握，特别是从五年规划的实施来看经济发展的长期趋势，从人流、物流、信息流、资金流的支撑来看经营主体的活力，从国际 局势的变化来看我国经济的韧性，进一步坚定信心、直面问题，坚定不移 ...

据大公网消息：近日，香港科技大学联同港投公司与戈壁创投，宣布成立"Gobi-Redbird Innovation Fund"。 导读： 一级市场分化回暖，"聪明钱"扑向确定性 作者丨FOFWEEKLY 港投公司又出手了，左手高校，右手GP， 双翼并举开启创投新航程。 港科大又一支基金落地 据介绍，作为RIF框架下的第二支风险投资基金，重点培育由科大孵化的早期初创企业。 戈壁创投管理合伙人唐启波表示，今次新基金已经锁定3间具潜力的初创企业，目标在整体投资组合中 拥有15到20间企业，目标回报率20%，跟踪的周期约7至8年，将加快四大重点领域科研成果的商业化 进程，包括生物科技、工业4.0、人工智能（AI）与机械人及金融科技。 戈壁创投创始合伙人及董事长曹嘉泰透露，戈壁已投资30家来自本地大学衍生企业，并已投入超6000 万美元，期望延续这一势头。 是次合作获港投公司支持，是港投公司于今年5月在其主办的"国际耐心资本论坛"上公布的"耐心资本专 项基金"项目之一。港投公司行政总裁陈家齐相信，该基金可推动人才、资本和机遇的飞轮效应。她表 示，港投作为耐心资本，专注发掘下一代人才及公司。 在业内人士看来，这不仅是又一支 ...