华民投常务副总裁陈飞：以母基金与高质量发展基金推动上市公司与地方产业联动

Core Insights - The third China Listed Companies Industry Development Forum was held in Shanghai, focusing on "Future Industries and State Capital Empowering Listed Companies" with participation from nearly 300 listed companies and over 800 industry elites [3][6] Company Strategies - Huamin Investment is focusing on two types of funds: the Listed Company Industry Development Mother Fund and the High-Quality Development Fund [5][6] - The Mother Fund is established in collaboration with local governments, directly partnering with listed companies to create sub-funds that invest in their industrial ecosystems, enhancing investment precision and aligning with local economic development [5][6] - The High-Quality Development Fund targets investments in listed companies' subsidiaries or potential acquisition targets, aiming for equity appreciation or mergers within three to five years, providing a dual strategy for investment and exit [6] Collaboration with Local Governments - Local state-owned assets have become mainstream limited partners (LPs) in China's primary market, and Huamin Investment leverages its deep connections with listed companies to maintain frequent collaborative interactions [6][7] - The company emphasizes the integration of capital with local industrial development, conducting research on local leading industries to identify suitable listed companies for investment [6][7] Investment Philosophy - The key to success lies in deeply understanding local industrial layouts and aligning them with the development strategies of listed companies, thereby creating a closed-loop system for fund investment and industrial upgrading [7]