河南50亿国企改革母基金遴选子基金，投资方向明确

Core Viewpoint - The Henan Province Reform and Development State-Owned Enterprise Equity Investment Fund, with a scale of 5 billion yuan, has initiated the regular selection of fund management institutions for the 2026 annual sub-fund [1] Investment Focus - The investment direction for this year emphasizes capital market incubation for state-owned enterprises, key industry clusters in Henan Province, cultivation of strategic emerging industries, and focus on the main business of state-owned enterprises [1] - Key industries targeted for investment include advanced aluminum-based materials, advanced copper-based materials, advanced alloy materials, electronic information, advanced equipment, biomedicine, and high-end medical devices [1] Sub-Fund Requirements - Sub-fund management institutions are required to secure investment intentions for at least 50% of the total scale of the proposed sub-fund (excluding contributions from the mother fund) [1] - The management fee for the sub-fund (and partnership fee) shall not exceed 2% per year, with specific arrangements to be negotiated [1] - Sub-funds are generally expected to set a hurdle return rate of no less than 6% per year [1] Fund Background - The Henan Province Reform and Development State-Owned Enterprise Equity Investment Fund was initiated by the Henan State-Owned Capital Operation Group Co., Ltd. in September 2024, aiming to leverage the leading role of state-owned enterprises, optimize capital layout in Henan Province, and promote industrial upgrading and innovative development [1]