兴业证券刘志辉：以区域深耕为锚点 全链赋能科创企业迭代升级

Core Viewpoint - The capital market is increasingly supporting the growth of technology innovation enterprises through the integration of innovation chains, industry chains, capital chains, and talent chains, as emphasized by Liu Zhihui, President of Industrial Securities [2] Group 1: Strategic Focus - Industrial Securities has positioned itself as a core player in the capital market, focusing on regional endowments and local industries, particularly in Fujian, to build a comprehensive service system for technology innovation [2] - The company has identified advanced manufacturing, information technology, life sciences, and new energy as key service areas, establishing a full-chain service system centered on investment banking, research, and investment [3] Group 2: Performance Metrics - In 2024, nearly 70% of the company's investment banking projects were completed in the TMT sector, with a reserve of nearly 50 equity projects related to new quality productivity [3] - In the first half of 2025, Industrial Securities Capital launched 13 projects related to new quality productivity, representing an 85% year-on-year increase, with a total investment amount of 550 million yuan, up 134% year-on-year [3] Group 3: Regional Advantages - As a local Fujian brokerage, Industrial Securities has focused on the province's four major economies and strategic emerging industries, preparing ample assets to support technology innovation enterprises [3] - The company has established a comprehensive service system that includes early-stage investment, IPO planning, pre-listing guidance, equity financing, and market value management [4] Group 4: Collaborative Ecosystem - Industrial Securities emphasizes the need for collaboration among government, industry, academia, research, application, and finance to foster innovation [5] - The company is actively building an open and collaborative innovation ecosystem by partnering with governments to create industrial funds and hosting capital matching events [5] Group 5: Future Directions - The service of new quality productivity is seen as a mission for the securities industry and a strategic core for Industrial Securities, which plans to deepen its integrated collaborative advantages and enhance service capabilities in key industries [6] - The company aims to expand the application of innovative financing tools to ensure financial services effectively reach all stages of technology innovation enterprise development [6]