Zheng Quan Shi Bao Wang·2024-11-02 05:39Core Insights - Agricultural Bank of China Investment signed a strategic cooperation agreement with Shanghai State-owned Capital Investment Co., Ltd. and Agricultural Bank of China Shanghai Branch to establish a pilot equity investment fund in Shanghai, focusing on the semiconductor industry [1] - The investment firm has reached cooperation intentions for the AIC equity investment pilot fund with all 18 pilot cities, signing 18 strategic cooperation agreements, marking the first contracts in multiple regions [1] - The financial regulatory authority expanded the AIC equity investment pilot areas from Shanghai to 18 major cities, including Beijing, Tianjin, and Guangzhou, while increasing investment limits [1] Summary by Sections Strategic Cooperation - Agricultural Bank of China Investment has signed a strategic cooperation agreement to set up an equity investment pilot fund in Shanghai, targeting the semiconductor sector [1] - The firm has established cooperation intentions with all 18 pilot cities, achieving first contracts in various locations [1] Regulatory Changes - The financial regulatory authority issued notifications to expand the AIC equity investment pilot program to 18 major cities [1] - The investment limits have been increased, allowing a rise in the proportion of on-balance-sheet investments from 4% to 10% and single private fund investments from 20% to 30% [1] Operational Enhancements - Agricultural Bank of China Investment is building specialized investment teams in information communication and advanced manufacturing sectors [1] - The company is optimizing institutional processes, enhancing risk control, and improving supporting mechanisms to facilitate business development [2]