Nan Fang Du Shi Bao·2025-11-20 09:15Core Insights - The establishment of two Asset Investment Companies (AICs) in the Guangdong-Hong Kong-Macao Greater Bay Area marks the beginning of a new era for AICs in the region, with one set to open in Shenzhen and another in Guangzhou [2][3][4] - The AICs are expected to enhance the supply structure of financial services for technology-driven enterprises, providing long-term capital and flexible financial solutions [2][5] Summary by Sections AIC Establishment - The first AIC under a joint-stock bank has been established in Fuzhou, with the second AIC from China Merchants Bank set to open in Shenzhen [3][5] - Another AIC is also planned for Guangzhou, indicating a significant expansion in the AIC sector after a hiatus of eight years [4][5] Strategic Importance of the Greater Bay Area - The choice of the Greater Bay Area for the new AICs is attributed to its favorable business environment, strong industrial base, and innovative financial policies [7] - Guangzhou's robust industrial strength and supportive policies provide a conducive environment for AIC operations, including a capital market financing platform and substantial investment funds [7][8] Impact on the Innovation Ecosystem - The new AICs are expected to focus on strategic emerging industries, with a significant portion of their investments directed towards sectors such as new energy, information technology, and high-end equipment manufacturing [12][16] - AICs have already invested in a substantial number of technology-oriented enterprises, with over 53% of their investments going to companies recognized for their technological innovation [14][16] Future Prospects - The AICs are anticipated to strengthen the connection between capital and industry, fostering a dual-driven model of innovation and manufacturing in the Greater Bay Area [16] - The establishment of AICs is seen as a catalyst for financial innovation, promoting a comprehensive service model that integrates financing and advisory support for technology enterprises [16]