聚焦创投圈新基金情报。 蓝驰创投管理合伙人朱天宇提出，全球科技创新正步入新纪元，中国正在逐渐成为全球科技创新的动力源（Powerhouse），不仅是制造业中心 （Manufacturer Hub），更是创新中心（Innovation Hub）。中国顶尖人才和企业正在关键领域发挥变革性的影响力，重塑全球标准。在新的AI周期中，蓝 驰创投超前地形成了自身AI投资观：AI+3D交互+Robotics的"三浪叠加"，是未来30年科技变革的主题。同时，蓝驰创投紧跟中国科技全球化与人才流动趋 势，投资布局具有全球视野的中国创新企业。 据国家企业信用信息公示系统显示，中广核远航投资（深圳）合伙企业（有限合伙）成立，出资额超250亿元，经营范围为以自有资金从事投资活动、企 业管理。合伙人信息显示，该合伙企业由中国国新控股有限责任公司旗下独资企业国新远航（北京）投资有限公司、中国广核集团有限公司及其旗下中广 核资本控股有限公司共同出资。 眉山市产业发展投资引导基金（以下简称母基金）拟设立眉山中试成果转化子基金（以下简称子基金）。按照"公平公开、综合评价、优中择优"的原则， 遴选子基金管理人。子基金管理人募集不低于10%（含子基 ...

Core Viewpoint - BYD has surpassed Tesla in electric vehicle sales in Europe, driven by strong support from the State Development Investment Corporation (SDIC) and its funds, which focus on strategic emerging industries [1][2]. Group 1: Investment Strategy and Impact - SDIC manages 50 funds with a total scale exceeding 270 billion yuan, with 11 national-level government investment funds accounting for 84% of this total [2]. - In 2016, SDIC led a 1.5 billion yuan investment in BYD, helping it establish a 6GWh power battery production line, contributing to BYD's position as the top seller of new energy vehicles in China and globally [2]. - SDIC's funds have strategically invested in key companies in the electric vehicle supply chain, including Horizon Robotics, CATL, and Enjie, enhancing the ecosystem of the new energy vehicle industry [2][4]. Group 2: Focus on Key Technologies - SDIC emphasizes investment in critical common technologies and disruptive technologies to address core technology challenges and strengthen the industrial chain [4]. - The funds have heavily invested in the integrated circuit industry, with 27.8 billion yuan allocated to the entire supply chain, supporting 336 projects to accelerate domestic substitution [4][6]. Group 3: Support for Private Enterprises - Over two-thirds of SDIC's funds are directed towards private enterprises, fostering a new collaborative development model between state-owned and private sectors [9]. - As of March 2023, SDIC has invested in 1,175 projects, aiding 296 companies in entering capital markets, including 143 listed on the Sci-Tech Innovation Board [9]. Group 4: Agricultural Innovation - SDIC has invested in leading companies in biological breeding, significantly impacting agricultural productivity by introducing genetically modified corn varieties that reduce pesticide use and increase farmers' income [6][7]. - The establishment of the National Seed Technology Company by SDIC aims to enhance the domestic breeding industry, with a significant portion of genetically modified varieties being developed by its controlled or affiliated enterprises [7].

Core Viewpoint - The Chinese government has introduced a series of financial policies aimed at stabilizing the market and boosting confidence, focusing on supporting the real economy and addressing potential risks in specific sectors like real estate and small and medium enterprises [1] Key Investment Directions - Strategic emerging industries will be a core pillar for future development, with emphasis on sectors like artificial intelligence, quantum technology, and new energy vehicles, supported by specialized credit mechanisms and insurance funds for technology investments [2] - The digital transformation of the manufacturing sector will be prioritized, particularly through the "AI+" initiative, enhancing smart manufacturing and industrial internet platforms [3] - Infrastructure development will focus on green and low-carbon projects, with financial support for green infrastructure and resource recycling initiatives [4][5] - Agricultural modernization and rural revitalization will receive continued policy support, including increased funding for agricultural machinery updates and rural environment improvements [6] - The healthcare sector will see investments aimed at enhancing medical service capabilities, including the modernization of medical equipment and facilities [7] - Education modernization will be supported through funding for updating teaching equipment and improving cultural and sports facilities [8] Emerging Characteristics in Key Industries - In the industrial sector, funding will focus on equipment updates and smart transformations in traditional industries like steel and non-ferrous metals, aligning with national policies for industrial modernization [9] - The environmental sector will play a crucial role in the green transition, with investments in advanced low-carbon technologies and projects aimed at improving waste management and pollution control [10][11] - The agricultural sector will continue to receive support for machinery updates and technological innovations, enhancing productivity and income for farmers [12] - The healthcare sector will benefit from policies aimed at upgrading medical equipment and enhancing healthcare service delivery [13] - The education sector will see increased funding for updating educational facilities and equipment, supporting the modernization of teaching and research [14] - The digital asset management sector will receive comprehensive financial support, promoting the development of the digital economy [15][16] Diverse Funding Support Types - The introduction of long-term special bonds and local government bonds will provide significant funding for infrastructure and development projects, with a focus on new and emerging industries [17][18] - The scale of local government special bonds is set to reach 4.4 trillion yuan in 2025, reflecting the government's commitment to infrastructure investment and economic stability [18][20] - Central budget investments are projected to increase to 735 billion yuan in 2025, targeting major construction projects and public services [21] Project Planning Recommendations - The new financial policies present opportunities for reduced financing costs and improved access to funding in key sectors such as technology innovation and green development [22] - Companies should align their investment strategies with national priorities, focusing on emerging industries and sectors supported by government policies [26] - Utilizing policy-driven financing tools and enhancing core competitiveness will be essential for companies to thrive in the evolving economic landscape [28]

Group 1 - The number of companies in strategic emerging industries listed on the Shanghai and Shenzhen stock exchanges is approaching 2,700, accounting for over 40% of the market capitalization [1] - More than 90% of new listings on the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange in 2024 will belong to strategic emerging industries or high-tech enterprises [1] - The conditions for technology companies to go public have become more accommodating, with multiple listing paths established for unprofitable companies, red-chip companies, and those with special voting rights [1] Group 2 - Since the introduction of the "merger and acquisition six guidelines," listed companies have actively planned mergers and acquisitions, resulting in over 1,400 disclosed asset restructurings, a year-on-year increase of over 40% [1] - The number of major asset restructurings has exceeded 170, showing a year-on-year increase of over 220% [1] - Approximately 650 asset restructurings have been disclosed by companies in strategic emerging industries, with over 80 being major restructurings [1] Group 3 - Since the implementation of the registration system reform, 90% of companies listed on the Sci-Tech Innovation Board and Beijing Stock Exchange, and over half of those on the Growth Enterprise Market, have received investments from private equity and venture capital funds [2] - The scale and proportion of investments from private equity and venture capital funds in strategic emerging industries continue to rise, with over 100,000 projects currently funded and total investment exceeding 4 trillion yuan [2] - The bond market has become an important channel for direct financing for technology companies, with cumulative issuance of Sci-Tech bonds reaching 1.2 trillion yuan [2] Group 4 - In 2024, 539 Sci-Tech bonds were issued, with a total issuance scale of 610 billion yuan, representing a year-on-year increase of 64% [2] - The funds raised are primarily directed towards cutting-edge fields such as semiconductors, artificial intelligence, new energy, and high-end manufacturing [2]

5月22日下午，国务院新闻办举行新闻发布会，介绍科技金融政策有关情况。南都·湾财社记者注意到，发布会上多次提及创投相关内容。中国证监会首席风 险官、发行监管司司长严伯进在发布会上透露，我国私募股权创投基金投向战略性新兴产业的规模和占比持续提升，目前在投项目超过了10万个，在投本金 超过了4万亿元。中国人民银行副行长、国家外汇局局长朱鹤新表示，将重点支持股权投资机构发行科创债券，给市场化的股权投资机构拓展一条新的募资 渠道。 科技部副部长邱勇表示，《政策举措》聚焦创业投资、货币信贷、资本市场、科技保险、债券市场等7个方面，提出了15项政策举措，既有存量政策的迭代 升级，也有增量政策的创新供给，可谓"干货"满满。 其中在创业投资方面提出，设立"国家创业投资引导基金"，引导创业投资"投早、投小、投长期、投硬科技"。邱勇表示，创业投资是支持科技创新的重要生 力军。这次《政策举措》重点围绕畅通创业投资"募投管退"全链条推出一系列新举措，提出扩大金融资产投资公司股权投资试点范围、支持创业投资机构发 债融资等，让创业投资的募资来源更加广泛。 鼓励发展创业投资二级市场基金等，让创业投资的退出渠道更加畅通；特别是提出了优化国有 ...

本报讯 （记者苏诗钰）近日，国家开发投资集团有限公司（以下简称国投集团）最新数据显示，截至 2025年3月，国投系基金累计投资1175个项目，助力296家企业登陆资本市场，其中科创板上市143家， 突破323项关键核心技术，培育319家国家级"小巨人"企业。 "国投集团以基金投资践行国有资本功能使命的高质量发展路径，在服务国家战略、构建现代产业体 系、培育战略性新兴产业等方面彰显了国有资本的独特价值。"国投集团党组成员、总会计师柴艳丽 说。 国投集团作为央企，在不少明星企业的成长过程中都发挥着不容忽视的作用。截至目前，旗下在管基金 共50只，基金管理规模超过2700亿元，其中国家级政府投资基金有11只，规模超过2300亿元，占比 84%。 此外，国投系基金围绕国家重大专项，278亿元重仓集成电路全产业链，从芯片设计、芯片制造、芯片 封装到下游应用，累计投资拓荆科技、中微公司、寒武纪、粤芯半导体等336个项目，助力突破"卡脖 子"技术，加速国产替代进程。 今年年初，国务院办公厅印发《关于促进政府投资基金高质量发展的指导意见》（以下简称《指导意 见》），《指导意见》提出7方面25条措施，旨在构建更加科学高效的政府 ...

近日，科技部会同中国人民银行、国家金融监管总局、中国证监会、国家发展改革委、财政部、 国务院国资委等七部门联合印发了《加快构建科技金融体制 有力支撑高水平科技自立自强的若干 政策举措》（后简称《政策举措》）。5月22日，国务院新闻办公室举行新闻发布会，介绍科技金 融政策有关情况。 中国证监会首席风险官、发行监管司司长严伯进在发布会上介绍，"投早、投小、投长期、投硬科 技"这样的市场生态正逐步形成。 其次，新上市公司的科技含量不断提升。沪深北交易所上市公司中，战略性新兴产业的上市公司数量已接近 2700家，市值占比超过4成。2024年，科创板、创业板、北交所新上市公司当中，超过9成属于战略性新兴产 业或高新技术企业。在新一代信息技术、高端装备、新能源等领域，都形成上市公司集群，一批关键核心技 术攻关领域的代表性"硬科技"企业实现上市融资。 再次，科技企业并购重组更加活跃。目前，沪深上市公司披露资产重组的有1400余单，同比增长超过40%，其 中重大资产重组170余单，同比增长超过220%。在这当中，战略性新兴产业的上市公司披露资产重组约650 单，重大资产重组超过80单。 再就是私募股权创投基金支持科技创新持续 ...

此外，债券市场直接融资作用也在不断凸显。目前，交易所债券市场已经成为科技企业直接融资的一个 重要渠道，科创债累计发行1.2万亿元，其中2024年一共发了539只，发行规模0.61万亿元，同比增长了 64%，募集资金主要投向半导体、人工智能、新能源、高端制造等前沿领域。 期货日报网讯（记者 杨美）5月22日下午3时，国务院新闻办公室举行新闻发布会，介绍科技金融政策 有关情况。中国证监会首席风险官、发行监管司司长严伯进在会上表示，2024年以来，证监会陆续出台 了"科创板八条""科技十六条""并购六条"，还有《资本市场做好金融"五篇大文章"的实施意见》等一系 列政策文件，优化支持科技创新的政策体系和市场生态，推动创新链产业链人才链金融链加快深度融 合。 严伯进介绍，新上市公司的科技含量不断提升。沪深北交易所上市公司中，战略性新兴产业的上市公司 数量已接近2700家，市值占比超过了4成。2024年，科创板、创业板、北交所新上市公司当中，超过9成 属于战略性新兴产业或高新技术企业。私募股权创投基金支持科技创新也在持续发力。私募股权创投基 金投向战略性新兴产业的规模和占比持续提升，目前在投项目超过了10万个，在投本金超 ...

Core Insights - The technology content of newly listed companies in China is continuously improving, with nearly 2,700 companies in strategic emerging industries listed on the Shanghai, Shenzhen, and Beijing stock exchanges, accounting for over 40% of the market capitalization [1] - In 2024, more than 90% of new listings on the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange will belong to strategic emerging industries or high-tech enterprises, highlighting the focus on key core technology sectors [1] - A number of representative hard-tech companies in critical core technology fields have successfully gone public, indicating a trend towards innovation-driven growth in the market [1]

上海市人民政府办公厅发布《关于进一步深化改革创新加快科技服务业高质量发展的若干意见》。其中 提到，聚焦前沿科技、未来产业和战略性新兴产业发展重点领域，建立"未来产业基金+高质量孵化器 +概念验证中心+集聚区"体系化布局机制，提高概念验证对未来产业发展的促进作用。 ...