工银资本董事长陆胜东：拥抱早期投资，积极推动科创产业高质量发展

Core Insights - The speech by Lu Shengdong, Chairman of ICBC Capital, focused on capital strategies to support the growth of real enterprises, highlighting investment situations in the semiconductor and construction sectors [1] - The importance of investment risks and the role of social capital investment were emphasized, along with the need for cooperation and innovation in a global context to achieve win-win outcomes [1] Group 1: AIC's Role in Supporting Innovation - AIC, as a bank-affiliated financial asset investment company, plays a crucial role in optimizing capital structure and supporting technology and the real economy [2] - ICBC Capital has achieved a cumulative market-oriented debt-to-equity swap scale exceeding 400 billion and a private equity fund management scale exceeding 250 billion [2] - Since the expansion of AIC's equity investment pilot in September 2024, ICBC Capital has led the industry in fund signing, establishment, and project investment scale [2] Group 2: Investment Mechanisms and Efficiency - ICBC Capital has established a multi-level docking mechanism to connect with national ministries and local governments, dynamically assessing the needs of key national technology tasks and specialized enterprises [2] - The company has innovated a project approval model using a "one card, one table, one order" approach to enhance project approval efficiency while ensuring quality selection [2][3] Group 3: Early Investment Focus - The company is increasingly focusing on early-stage investments, recognizing the value of early projects as national support for small and early investments grows [4] - ICBC Capital is targeting specialized "little giants," gazelle enterprises, hidden champions, and unicorns in key technology projects and core industry chains [4] - The company is responding to national calls to expand pilot policies and leverage its expertise in venture capital, equity investment, and corporate restructuring [4] Group 4: Future Development Prospects - ICBC Capital aims to continue leveraging state-owned capital to increase investments in strategic emerging industries and future industries [5] - The company will focus on national key regional strategies and industries, enhancing cooperation with local governments and industrial capital to build a comprehensive investment ecosystem covering the entire lifecycle of technological innovation [5]