Mei Ri Jing Ji Xin Wen·2025-10-12 14:00Core Insights - The establishment of the Zhongjin Hegang Fund with a total investment of 32 billion yuan aims to support industrial sub-funds, primarily focusing on the steel industry chain [1][4][8] Group 1: Fund Establishment Details - The Zhongjin Hegang Fund was officially established on September 30, with a total contribution of 32 billion yuan, where Hegang Group contributed approximately 31.9 billion yuan, accounting for 99.68% of the total [3] - The fund's managing partner is Zhongjin Capital, which is a subsidiary of China International Capital Corporation [5][7] - The fund's operational scope includes private equity investment, investment management, and asset management [3] Group 2: Investment Strategy and Market Context - 80% of the fund will be allocated as a mother fund to invest in sub-funds, mainly targeting the industrial sector [2][4] - The establishment of the Zhongjin Hegang Fund comes at a time when the overall enthusiasm for new mother funds is declining, with a reported 62% decrease in scale compared to the same period last year [4][8] Group 3: Zhongjin Capital's Activity - Zhongjin Capital has been actively involved in setting up multiple industrial funds this year, including the establishment of the Mulan Zhongjin Fund and the Hengqin Guangdong-Macao Deep Cooperation Zone Fund, both managed by Zhongjin Capital [2][5] - The company has also participated in the establishment of the Hubei Gaolu Development Fund, which has a total scale of 30 billion yuan, focusing on various sectors including transportation and technology [7][8]