江浙沪联手：全国首支跨省域财税分享基金成立

Group 1 - The article discusses the establishment of the first cross-provincial fiscal and tax sharing fund in China, initiated by the financial departments of Jiangsu, Zhejiang, and Shanghai [4][6]. - The fund, named the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone Investment Fund, has an initial scale of 500 million yuan (approximately 71 million USD) and focuses on green low-carbon and technological innovation investments [6][7]. - This fund represents a significant innovation in resource allocation, aiming to support high-quality development in cross-provincial high-tech zones and promote a fiscal sharing mechanism among the involved regions [7][8]. Group 2 - The article highlights the increasing activity and scale of policy-oriented Limited Partners (LPs) in the investment market, with a reported 8% month-on-month growth in total investment scale as of August [10]. - Financial institution LPs have shown a notable increase in activity, with a 36% rise in investment scale, while financial LPs' activity increased by 7% and their scale surged by 119% [10][11]. - The concept of "patient capital" is gaining traction, with many mother funds extending their duration to 15-20 years, reflecting a shift towards a more flexible and supportive investment environment [12][13].