以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 二、苏州产业投资私募基金管理有限公司（简称"苏产投"）成立于2025年5月21日，是 苏州国有资 本投资集团有限公司 （简称"苏州国投集团"）控股， 苏州元禾控股股份有限公司 （简称"元禾控 股"）及苏州创新投资集团有限公司（简称"苏创投集团"）战略参股的私募股权管理平台。作为苏州 国投集团积极布局产业投资领域的重要载体，苏产投将聚焦战略性新兴产业与未来产业布局，承担助 力苏州"1030"产业体系升级发展的重任，全力打造苏州产业资本新标杆。 苏州国投集团为苏州市属一级国有企业，是国有资本市场化运营的专业平台。元禾控股是苏州工业园 区国资控股、江苏省属国资参股的国有投资企业，累计基金管理规模超1300亿元。苏创投集团是国 资投资机构，旗下有国发创投、产投集团、市科创投、苏州天使母基金等子公司，立足苏州市创新型 城市发展战略，以全周期科技投资业务为支柱，致力于将苏州打造成为创业投资的首选地区。 （资 料来源：苏州国投集团、尚东英才、元和控股 、 ...

Group 1 - Huawei, BYD, and Tencent ranked among the top ten in the 2025 China Private Enterprises 500 Strong list, with revenues placing them fourth, fifth, and sixth respectively [1] - The threshold for entry into the top 500 increased to 27.023 billion yuan, with total revenue of 4.305 trillion yuan, an average of 861.02 million yuan per company, reflecting a growth of 2.72% year-on-year [1] - The total assets of the top 500 private enterprises reached 51.15 trillion yuan, with an average of 1.023 billion yuan per company, showing a growth of 2.62% [1] Group 2 - The net profit of the top 500 private enterprises amounted to 1.8 trillion yuan, with an average of 360.5 million yuan per company, marking a growth of 6.48% [1] - The manufacturing sector within the top 500 saw revenue and asset growth of 7.66% and 7.92% respectively [1] - A total of 309 enterprises invested in 627 strategic emerging industry projects, including new materials, new energy, and high-end equipment manufacturing [1] Group 3 - Research and development expenses totaled 1.13 trillion yuan, with 1.1517 million R&D personnel, and an average R&D expenditure intensity of 2.77% [2] - The number of effective patents reached 721,600, indicating a strong focus on innovation [2] - The total tax contribution of these enterprises was 1.27 trillion yuan, with total employment reaching 11.0912 million [2] Group 4 - Over 65.4% of enterprises participated in the "Ten Thousand Enterprises Revitalize Ten Thousand Villages" initiative, contributing to rural revitalization [2] - The 2025 China Manufacturing Private Enterprises 500 Strong list included 20 Shenzhen enterprises, with Huawei and BYD ranking second and third respectively [2] - The 2025 China Service Industry Private Enterprises 100 Strong list featured 10 Shenzhen enterprises, with Tencent and SF Express ranking third and sixth respectively [2]

Group 1 - The core viewpoint of the article is the establishment of the Zhongjin Yaosheng Mother Fund, which aims to leverage state-owned capital to promote the development of strategic emerging industries and achieve a win-win situation for industrial development and investment returns [1] - The Zhongjin Yaosheng Mother Fund has a total scale of 5 billion RMB and is focused on industries encouraged by the Shangyu district, including semiconductors, new materials, advanced manufacturing, medical and pharmaceutical, artificial intelligence, and new consumption [1] - The fund is open to soliciting high-quality sub-fund management institutions without restrictions on the registration location of the sub-funds [2]

Core Viewpoint - Zhongshan Venture Capital Co., Ltd. is a wholly state-owned venture capital institution established by Zhongshan Investment Holding Group to promote the development of strategic emerging industries in Zhongshan City, focusing on sectors such as new energy, new materials, information technology, intelligent equipment, advanced manufacturing, and biomedicine [1][2]. Group 1: Company Overview - Zhongshan Venture Capital has established 24 funds with a total management scale exceeding 15 billion yuan [1]. - The company aims to build a high-quality development fund system in Zhongshan City, with a focus on large-scale fund formation, major project investments, and platform construction [1]. - It has been recognized as one of the top 30 city-level government-guided funds and one of the top 50 state-owned investment institutions in China for 2024 [1]. Group 2: Recruitment Information - The company is recruiting for five positions, including a General Manager for Risk Control and Compliance, Senior Investment Managers in various sectors such as new energy, artificial intelligence, and biomedicine [3][4]. - The recruitment process includes application submission, preliminary screening, qualification review, and comprehensive testing [7]. - The company offers competitive salary levels in the Greater Bay Area, aligned with national policies and industry standards [9].

Core Insights - Dongguan's state-owned enterprises (SOEs) reported total assets of 1,085.316 billion yuan, an increase of 8.23% year-on-year, and total liabilities of 891.423 billion yuan, up 8.91% from the previous year [1] - In 2024, Dongguan's SOEs achieved operating income of 59.560 billion yuan, a year-on-year growth of 8.11%, and a total profit of 8.347 billion yuan, increasing by 9.18% [1] - The financial sector, including Dongguan Bank and Dongguan Securities, has intensified support for the real economy, with Dongguan Bank providing financial services to 3,283 advanced manufacturing enterprises, resulting in a credit balance of 97.943 billion yuan, a net increase of 10.038 billion yuan [4] Investment Projects - A total of 45 major projects completed investments of 20.607 billion yuan, exceeding the annual plan by 3.98%, with 17 projects completed and operational [2] - The "Hundred Million Thousand Project" involved 10 state-owned enterprises and 13 characteristic projects, with 2 recognized as typical at the municipal level [2] Transportation and Logistics - Dongguan Port Group achieved a container throughput of 3.66 million TEUs, a year-on-year increase of 5.7%, while the air cargo center's import and export value surged to 16.8 billion yuan, nearly a tenfold increase compared to 2023 [3] - The city's highway traffic volume reached 498 million vehicle trips, up 1.56% year-on-year, and metro passenger volume was 49.4174 million, growing by 8.27% [4] Water and Waste Management - The Water Group developed an integrated water management platform, supplying 1.433 billion cubic meters of water, accounting for approximately 91.08% of the city's needs, and treated 2.363 billion cubic meters of wastewater [4] Financial Sector Developments - Dongguan Securities completed three IPO projects and one refinancing project, raising a total of 1.515 billion yuan for local enterprises [4] - Dongguan Bank established a branch in the Guangdong-Hong Kong-Macao Greater Bay Area and received approval for a banking license in Hong Kong [4] Strategic Initiatives - The Dongguan State-owned Assets Supervision and Administration Commission plans to enhance the role of state-owned capital in key sectors and promote the "Hundred Million Thousand Project" further in 2025 [6] - The commission aims to revitalize existing assets and address historical land issues while ensuring smooth operations in transportation, ports, and utilities [6]

Core Viewpoint - The article discusses the recent registration of 12 new private equity and venture capital fund managers in June 2025, highlighting the increase in the number of registered institutions and their focus on strategic emerging industries in China [3][4]. Group 1: New Fund Managers - In June 2025, the Asset Management Association of China approved the registration of 12 new private equity and venture capital fund managers, an increase of 10 from the previous month [3]. - Among the newly registered institutions, 7 are state-owned and 5 are market-oriented [3]. Group 2: Fund Manager Profiles - **Suzhou Zhanzheng Private Fund Management Co., Ltd.**: Established in August 2024 with a registered capital of 120 million RMB, focusing on high-end equipment, biomedicine, AI, low-altitude economy, and new energy [5][6]. - **Huaian Zhanzheng Private Fund Management Co., Ltd.**: Established in January 2025, managing a 1 billion RMB fund aimed at high-end equipment and smart manufacturing [6]. - **Shanghai Yuanbo Private Fund Management Co., Ltd.**: Established in March 2024, a market-oriented institution with a focus on various investment sectors [6]. - **Hines (Shanghai) Private Fund Management Co., Ltd.**: A subsidiary of Hines Group, focusing on real estate and venture capital investments [6]. - **Shanghai Shangjiao Siyuan Private Fund Management Co., Ltd.**: Established in January 2025, with a registered capital of 10 million RMB [6]. - **Hefei State Capital Venture Investment Co., Ltd.**: A state-owned enterprise focusing on new production capacity and future industries [6]. - **Daiming (Shanghai) Private Fund Management Co., Ltd.**: A subsidiary of Temasek, focusing on life sciences and technology investments [6]. - **Xuzhou Zhanzheng Private Fund Management Co., Ltd.**: Managing a 3 billion RMB fund focused on advanced manufacturing [7]. - **Yancheng Zhanzheng Private Fund Management Co., Ltd.**: Managing a 2 billion RMB fund focused on green and low-carbon industries [7]. - **Annaide Private Fund Management (Beijing) Co., Ltd.**: Established in August 2024, with an asset management scale exceeding 50 billion USD [7]. - **China Telecom Private Fund Management Co., Ltd.**: A subsidiary of China Telecom Group, focusing on cloud computing and information security [7]. - **Dalian Haichuang Dingsheng Private Fund Management Co., Ltd.**: A professional investment platform focusing on AI and high-end manufacturing [7]. Group 3: Registration and Capital Analysis - Among the 12 new fund managers, 6 have a 100% paid-in capital ratio, while China Telecom Private Fund has the lowest at 25% [11]. - The average time taken for registration was approximately 113 days, with the fastest being 18 days for China Telecom Private Fund and the slowest being 326 days for Dalian Haichuang Dingsheng [13]. Group 4: Legal Support - All 12 new fund managers utilized different law firms for their registration process, indicating a diverse legal support network [15].

Core Viewpoint - Jiangsu Province is establishing a specialized mother fund for the integrated circuit industry to promote the development of strategic emerging industries and enhance production capabilities [1] Group 1: Fund Overview - The mother fund has a total scale of 5 billion yuan, focusing on investments in specialized equipment and materials for integrated circuits, high-end general chip R&D and design, silicon photonic chips, quantum chips, third-generation semiconductors, high-end power semiconductors, and EDA [1] - The fund aims to support the "1650" industrial system and the "51010" strategic emerging industry cluster in Jiangsu Province, as well as the 13 emerging industry fields outlined in the action plan for building a globally influential industrial technology innovation center [1] Group 2: Investment Strategy - The investment strategy emphasizes early-stage, small-scale, and technology-driven investments to strengthen and extend the industrial chain [1] - The fund will directly invest in enterprises within Wuxi City, with incentives for companies that grow into national-level specialized and innovative small giants during the fund's duration, offering a return of 150% of the investment amount [1] - If the invested companies go public on domestic or foreign stock exchanges during the fund's duration, the return will be 200% of the investment amount [1]

Core Viewpoint - The article highlights the recent establishment and optimization of various mother funds across multiple regions in China, focusing on strategic industries such as new energy, new materials, semiconductors, information technology, biomedicine, and low-altitude economy. It emphasizes the supportive policies aimed at enhancing long-term capital investment in these sectors [1][29]. Group 1: Fund Establishments and Adjustments - Tianjin has adjusted its Haihe Industrial Fund rules, allowing a maximum investment of 70% in broker-led acquisition mother funds and extending the fund's duration to 2040 [2][3]. - Jiangsu's Lianyungang has launched a 1 billion yuan mother fund specifically for the new materials industry, targeting high-performance fibers, advanced inorganic non-metallic materials, and other related sectors [4]. - Hubei has established a 100 billion yuan highway development fund, with 80% allocated for highway project construction, aiming to leverage 400 billion yuan in infrastructure investment [7]. - A 20 billion yuan industrial guidance mother fund has been set up in Jingzhou to support modern industrial system construction, focusing on intelligent equipment, new materials, and other strategic sectors [8][9]. - The establishment of a 5 billion yuan talent science and technology investment fund in Huzhou aims to support projects in new energy vehicles, semiconductors, and green energy [10][11]. Group 2: Policy Innovations and Support Mechanisms - Wuhan's new policy allows for a maximum loss tolerance of 100% for seed and angel funds, with a provision for 10% of new funds to support exiting projects [29][30]. - The government investment funds are encouraged to participate in seed and angel funds with a contribution ratio of over 50%, and the maximum duration for these funds can extend up to 15 years [29]. - The article notes that the government will enhance the evaluation mechanism for investment funds, focusing on overall fund performance rather than individual project outcomes [29]. Group 3: Sector-Specific Focus - The article mentions the establishment of various funds targeting specific sectors, including a 50 billion yuan results transformation guidance fund in Sichuan focusing on AI, healthcare, and low-altitude economy [12]. - Guangdong has initiated a 100 billion yuan smart industry fund to support technological innovation and industrial upgrades, particularly in AI and robotics [18][19]. - The establishment of a QFLP fund in Guangxi aims to attract international capital for health, advanced manufacturing, and AI sectors [26]. Group 4: Collaborative Efforts and Strategic Goals - The article discusses the collaboration between financial institutions and local governments to create a supportive ecosystem for emerging industries, such as the establishment of a national first pension science and technology industry fund [31][32]. - The focus on integrating government, banking, and enterprise resources aims to foster innovation and address the challenges posed by an aging population [31][32].

Overall Performance - The total revenue of Shenzhen-listed companies reached 20.82 trillion yuan, with a compound annual growth rate (CAGR) of 8.55% since the 14th Five-Year Plan [2] - The total net profit amounted to 806.447 billion yuan, with 1,585 companies experiencing revenue growth, accounting for 55.30% [2] - 2,064 companies reported profits, representing 72.02% of the total, while 1,345 companies saw year-on-year improvements in net profit, making up 46.93% [2] Sector Highlights - The main board companies collectively achieved a market capitalization exceeding 20 trillion yuan, generating 16.78 trillion yuan in revenue, which is 80.64% of the total [3] - The entrepreneurial board companies had a total market capitalization of over 12 trillion yuan, with revenues of 4.03 trillion yuan and net profits of 207.488 billion yuan [3] - 36.31% of entrepreneurial board companies reported positive revenue growth for two consecutive years [3] Innovation and R&D - Total R&D investment by Shenzhen-listed companies surpassed 760 billion yuan, with 410 companies having R&D intensity exceeding 10% [4] - Strategic emerging industries such as new-generation information technology and new energy vehicles saw significant R&D investments, with increases of 5.36% and 16.77% respectively [4] - Companies like BYD and CATL have accumulated R&D investments exceeding 10 billion yuan over the past two years [4] International Business Growth - In 2024, 2,007 Shenzhen-listed companies achieved overseas revenue of 4.18 trillion yuan, marking an 11.62% year-on-year increase [5] - Notable companies such as Luxshare Precision and BYD reported overseas revenues exceeding 100 billion yuan [5] State-Owned Enterprises (SOEs) Reform - Shenzhen's SOEs generated 8.04 trillion yuan in revenue, a 37.79% increase compared to the previous three-year reform plan [7] - The net profit for SOEs reached 219.76 billion yuan, with 70.18% of them being profitable [7] Private Sector Performance - Private enterprises in Shenzhen achieved revenues of 12.62 trillion yuan and net profits of 585.149 billion yuan, with 1,586 companies reporting profits, accounting for 72.69% [8] - R&D personnel in private enterprises exceeded 100,000, contributing to a total R&D investment of 528.777 billion yuan, a 4.12% increase [8] Dividend and Buyback Actions - A total of 2,443 Shenzhen-listed companies distributed dividends amounting to 575.3 billion yuan, with both the number of companies and the total amount reaching new highs [9] - 768 buyback plans were disclosed, with a total upper limit of 100.339 billion yuan, reflecting a 49% year-on-year increase [9]

01 湖北： 300亿，中金资本旗下这支母基金完成备案 由中金资本运营有限公司（简称 "中金资本"）担任管理人，与湖北交通投资集团有限公司（简 称 " 湖 北 交 投 集 团 " ） 联 合 发 起 设 立 的 湖 北 省 高 路 发 展 投 资 基 金 合 伙 企 业 （ 有 限 合 伙 ） （ 简 称"湖北高速公路发展基金"或"基金"）已完成募集，并于近日在中国证券投资基金业协会完成 备案，基金总规模为3 0 0亿元人民币。 湖北高速公路发展基金由湖北省委省政府批准设立，采用有限合伙制架构，由湖北交投集团作 为有限合伙人，中金资本担任管理人及普通合伙人。该基金作为创新投融资工具，充分发挥财 政资金的杠杆作用，着力推动湖北省高速公路项目建设的持续健康发展，重点支持现代交通体 系构建与战略新兴产业发展，全面赋能湖北省加快建成中部地区崛起重要战略支点。 中国母基金行业一周资讯（ 4 . 5 - 4 . 11） 【资讯解读】 本 周 资 讯 涉 及 的 母 基 金 管 理 规 模 达 7 5 6 . 5 8 亿 元 ， 主 要 分 布 在 上 海 、 浙 江 、 湖 北 、 广 东 、 福 建、河南 等地区，投资 ...