将投中网设为"星标⭐"，第一时间收获最新推送 荣耀属于勇敢、有远见的攀登者。 每一轮时代的跃迁，总始于勇闯产业无人区的先行者。从技术拓荒到产业引领，从实验室微光到燎原 炬火，这条登顶之路既需要创业者的勇气和远见，更需要成熟产业资源与实战指引的双重护航。加入 浦东科创-海望登峰（二期）CEO特训营，直面科技创业的核心挑战，提升实战能力，实现科创赛道 登顶。大咖技术分享、导师实战指引、专家深度洞察，三位一体助力突破商业瓶颈，全方位护航每一 位勇敢的创业者行稳致远。 浦东科创-海望登峰CEO特训营（以下简称：特训营）是由上海浦东科创集团与投中信息联合打造的 高端创业加速器项目，专注硬科技早期项目，以培养创业精神与能力为核心，助力创业者实现从技术 突破到产业化的跨越，打造具有全球视野的科创领军团队。 加入我们，您将会获得： 神经生物学家、加拿大皇家科 学院院士、中国科学院深圳先 进技术研究院脑认知与脑疾病 研究所首席科学家、深圳理工 大学生命健康学院院长 学术巨擘的前沿洞见 产业领袖的实战智慧 科创行家的趋势预判 更有志同道合的创业盟友与全链条资源支持。 从深度技术解析到顶级投资机构对接，我们构建的科 创生态体系，将 ...

Group 1 - The article emphasizes the rise of young entrepreneurs in China, highlighting their role in reshaping the cultural and technological landscape through innovative projects like "Black Myth: Wukong" and "Ne Zha: The Devil's Child" [1] - It discusses the emergence of new technology-driven companies, such as Yushu Technology and DeepSeek, which are pushing the boundaries of AI and robotics, thereby establishing a new narrative in global technology [1] - The article notes that young innovators are becoming a significant driving force in the global innovation economy, with investors playing a crucial role in supporting their visions and translating them into reality [1] Group 2 - The "30 Under 30+" initiative has been launched to identify and celebrate innovative leaders under the age of 35, expanding the previous age limit to include a broader range of young talent [2] - The "40 Under 40" initiative aims to recognize active investors who are pivotal in the venture capital landscape, showcasing successful past winners [2] - The article invites young entrepreneurs and investors to participate in the upcoming 2025 awards, highlighting the importance of recognizing and nurturing new talent in the entrepreneurial ecosystem [2]

Core Viewpoint - The acceleration in the issuance of IPO registration approvals indicates improved efficiency in capital market resource allocation, allowing quality companies to secure funding more quickly and stimulating economic development [1][7]. Group 1: IPO Registration Speed - As of March 6, 2024, 15 companies have received IPO registration approvals, with an average processing time of 15 days, compared to 43 days in the same period last year [1][3]. - Four companies achieved registration within 10 days, with three taking 9 days and one taking 10 days [3]. - The longest wait for registration was 1126 days for Ying Shi Innovation Technology Co., Ltd., which highlights the contrast in processing times compared to the current year [4]. Group 2: Market Signals and Regulatory Environment - The acceleration of IPO approvals signals a more vibrant market, attracting more companies to list domestically and diversifying investment options for investors [1][7]. - Regulatory authorities maintain strict quality control over the IPO process, emphasizing the importance of compliance and performance for companies seeking to go public [7][8]. - Recent policies focus on supporting quality technology companies, with mechanisms in place to facilitate their listing, including provisions for unprofitable firms [7][8].

多只硬科技主题绩优基金发布"限购令"。 从持仓来看，嘉实科技创新截至去年底的持仓包括理想汽车、小米集团、中芯国际、中科飞测、永辉超市等。该基金持有股票仓位的占比超过92%，其中制 造业的占比41%，信息技术占比23%。 无独有偶，平安新鑫先锋2月25日的公告显示，该基金自2月26日起开始限购，限制大额申购金额为1000万元。该基金成立于2015年，由张晓泉管理，截至去 年末的规模为5.92亿元。截至3月4日，近一年该基金的收益率为23.69%，远高于业绩基准的8.64%。 随着AI投资热潮的持续升温，多只重仓AI产业链的绩优基金也取得了亮眼的业绩，吸引了大量资金的涌入。近日，多家基金公司旗下的硬科技主题绩优基金 纷纷发布限购公告。 基金限购的背后，是国产AI大模型的突破带动科技股价值重估。年初以来，以DeepSeek为代表的国产AI大模型引爆市场热情，带动相关基金净值水涨船高。 基金经理们纷纷调整持仓，重仓布局AI硬件、算力、智能驾驶等热门赛道，以捕捉行业成长红利。业内人士认为，随着AI技术的不断落地，智能终端、医疗 科技等应用场景正加速拓展，AI产业链的投资逻辑或将进一步深化。 多只硬科技绩优基金宣布限购 ...

每年两会期间的政府工作报告无疑是中国未来一年发展的"风向标"。 在今年的政府工作报告中，创投再一次被"力挺"——" 健全创投基金差异化监管制度，强化政 策性金融支持，加快发展创业投资、壮大耐心资本 "。 在去年的政府工作报告中也提到"鼓励发展创业投资、股权投资，优化产业投资基金功能"，这 确立了创业投资、股权投资在我国经济进入高质量发展新阶段重要的历史定位，有利于推动股 权投资行业持续健康发展。而今本次政府工作报告再次强调，这对私募股权投资行业来说，释 放了重要的支持信号与利好。 先来看"健全创投基金差异化监管制度，强化政策性金融支持"。这在政策层面，对创投基金给 予了大力支持，健全差异化监管一直是一级市场的呼声。 我们关注到，2 0 2 4年以来，创投行业的政策环境迎来了重大利好，国家层面对行业的支持力度 不断加大。据我们统计发现，去年以来，股权投资行业频迎支持和鼓励，政策利好不断： 2 0 2 4年6月1 9日，国务院办公厅发布《促进创业投资高质量发展的若干政策措施》，也被 称为" 创投国十七条 "，围绕创业投资"募投管退"全链条，进一步完善政策环境和管理制 度，积极支持创业投资做大做强。 2 0 2 4 ...

Core Viewpoint - The launch of the Science and Technology Innovation Index ETF (科创综指ETF) provides investors with an attractive option to invest in the "hard technology" growth sector, reflecting the overall performance of companies listed on the Science and Technology Innovation Board [1]. Group 1: Comprehensive Coverage of the Science and Technology Innovation Index - The Science and Technology Innovation Index offers broader market coverage, including large, medium, and small-cap stocks, unlike other indices that only cover a limited number of companies [2]. - Currently, there are 581 listed companies on the Science and Technology Innovation Board, while existing indices like the Science and Technology 50, 100, and 200 only cover 350 companies, leaving over 200 companies unrepresented [2]. Group 2: Industry Coverage - The Science and Technology Innovation Index has a balanced industry distribution, covering all first-level industries in the Science and Technology Innovation Board, which helps to diversify risks associated with single industries [3]. - The top five industries represented in the index are semiconductors (38%), power equipment (15%), machinery (14%), pharmaceuticals (13%), and computers (12%) [3][4]. Group 3: Advantages of Investing through the ETF - The management and custody fees for the Science and Technology Innovation Index ETF are only 0.20% per year, significantly lowering investment costs [5]. - Investing in the ETF allows for risk diversification as it represents a basket of stocks, reducing the risk associated with individual stocks [6]. - The ETF can be traded flexibly in the secondary market like stocks, and it also allows for subscription and redemption in the primary market [7]. - The ETF offers high transparency, with daily disclosure of holdings and weights, providing clarity on the investment portfolio [8]. - The entry threshold for investing in the ETF is lower compared to individual stocks, which require a minimum average asset of 500,000 and 24 months of trading experience [8]. Group 4: Suitable Investor Profile - The ETF is ideal for investors optimistic about the long-term development of technological innovation, allowing them to participate in future technological advancements [9]. - It provides an opportunity for investors looking to capitalize on the overall growth of the Science and Technology Innovation Board, as opposed to focusing on individual sectors [10]. - The ETF can also serve as part of a diversified asset allocation strategy, complementing other low-yield assets like bonds and high-dividend stocks in a low-interest-rate environment [10]. Group 5: Price Index Representation - The Science and Technology Innovation Index ETF tracks the Shanghai Stock Exchange Science and Technology Innovation Comprehensive Price Index, which accurately reflects the price fluctuations of the underlying stocks [11]. - The price index is crucial for investors in the high-growth, high-tech sector, as capital gains and stock price movements are the primary factors affecting investment returns [11].

Core Viewpoint - The evolution of China's wealth over the past decade reflects a significant shift from real estate and consumer goods to hard technology and global markets, marking a transition from "land hegemony" to "hard technology hegemony" [1][4]. Group 1: Wealth Transition and Key Figures - In 2025, Lei Jun became the richest person in China with a net worth of 360 billion yuan, driven by Xiaomi's automotive production and high-end smartphone market share [3][4]. - Lei Jun's rise signifies a shift in the wealth hierarchy from consumer goods and real estate to hard technology and globalization [4]. - Huang Zheng, in 2024, reached a net worth of 350 billion yuan, indicating a transition in business logic from "consumption upgrade" to "supply chain revolution" [12][13]. Group 2: Business Strategies and Innovations - Xiaomi's "human-vehicle-home ecosystem" strategy has disrupted industry barriers, achieving a 70% self-research rate in key components through investments in 490 supply chain companies [9]. - The automotive business saw over 30 billion yuan invested over three years, with a successful cost reduction of 18% through supply chain equity swaps [10][11]. - Pinduoduo, under Huang Zheng, targeted lower-tier cities with a "low-price white label + social fission" model, achieving 788 million active buyers in 2020 [14]. Group 3: Globalization and Market Challenges - Zhang Yiming, also a 2024 billionaire, led ByteDance to a valuation of 200 billion dollars, leveraging TikTok's global user base and AI tools [19][20]. - TikTok's recommendation algorithm has transformed advertising strategies, with brands reallocating 80% of their budgets to short videos [20]. - Despite success, TikTok faces regulatory challenges in the U.S. and Europe, highlighting the need for compliance in global markets [21][52]. Group 4: Industry Evolution and Future Outlook - The wealth transitions of figures like Lei Jun, Huang Zheng, and Zhang Yiming illustrate the shift from leverage-driven growth to innovation-driven growth in China's economy [51]. - The emergence of hard technology as a new competitive advantage is evident in Xiaomi's automotive and ByteDance's AI developments [53]. - The future of wealth creation in China will likely focus on those who can address both social and technological challenges, as indicated by the evolving landscape of industries like solar energy and quantum computing [54].

以下文章来源于清科研究 ，作者创造价值的 清科研究 . 回顾2024。 作者 | 清科研究 来源 | 清科研究 （ID：pedata2017） 2024年中国股权投资市场整体延续下滑态势，但回暖迹象初现。 募资 方面，2024年募资新募集基金数量和规模分别为3,981只，1.44万亿元，同比下 滑43.0%、20.8%。2024年下半年险资、AIC、国资发起设立了多只大额基金，募资 规模降幅持续收窄。分币种看，外币基金募资仍维持低位，全年共39只外币基金完成新 一轮募集，募资规模约为559.12亿元人民币，同比降幅分别达到49.4%、48.6%。 清科创业（01945.HK）旗下清科研究中心致力于为众多的有限合伙人、VC/PE机构、战略投资者、以 及政府机构、律师事务所、会计事务所、投资银行、研究机构等提供专业的信息、数据、研究和咨询服 务。 投资 方面，2024年投资案例数共8,408起，剔除极值案例后披露金额6,036.47亿元， 同比降幅分别为10.4%、10.3%，与前三季度相比进一步收窄。分行业看，硬科技领域 仍为市场热点，半导体及电子设备领域获投金额超千亿，机械制造领域案例数及金额逆 势上涨。 退 ...

以下文章来源于清科研究 ，作者创造价值的 清科研究 . 募资 方面，2024年募资新募集基金数量和规模分别为3,981只，1.44万亿元，同比下 滑43.0%、20.8%。2024年下半年险资、AIC、国资发起设立了多只大额基金，募资 规模降幅持续收窄。分币种看，外币基金募资仍维持低位，全年共39只外币基金完成新 一轮募集，募资规模约为559.12亿元人民币，同比降幅分别达到49.4%、48.6%。 投资 方面，2024年投资案例数共8,408起，剔除极值案例后披露金额6,036.47亿元， 同比降幅分别为10.4%、10.3%，与前三季度相比进一步收窄。分行业看，硬科技领域 仍为市场热点，半导体及电子设备领域获投金额超千亿，机械制造领域案例数及金额逆 势上涨。 退出 方面，2024年共发生3,696笔退出案例，同比下降6.3%，其中被投企业IPO案例 数为1,333笔，占比36.1%。值得注意的是，2024年境外被投企业IPO案例数为达到 867笔，同比上升12.0%，中企境外市场IPO逐步回暖。 更多股权投资市场数据分析，还请关注清科研究公众号发布的 《2024年中国股权投资 市场研究报告（完整版）》 。 ...

解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 以下文章来源于解码LP ，作者吴琼 央企力量。 作者 I 吴琼 报道 I 投资界-解码LP 投资界-解码LP 获悉，近日，中国国新联合部分中央企业、地方国资在京共同举行国新 创投基金合作签约仪式。现场，100亿国新创投基金正式启航。 具体来看，国新创投基金将重点布局前瞻性战略性新兴产业和未来产业。15年的存续期 限，也将践行长期资本、耐心资本作用，支持一批早期硬科技项目。 此次基金落地杭州。放眼望去，央企正响应政策号召，发力创投基金。 8家单位联合出资 100亿基金落地杭州 这一幕筹备已久。 一个背景是，此前党的二十届三中全会《决定》中明确，构建同科技创新相适应的科技 金融体制，国务院国资委也鼓励国有资本运营公司面向央企创新需求发挥引导带动作 用。为此，中国国新计划筹建国新创投基金。 直至这一次，国新创投基金正式启航。更多出资方也浮出水面——据中国国新介绍，国 新创投基金出资合作单位有中国五矿、中国钢研、中国建材、中国有研、中国电气装 备、杭州资本、兴湘集团等。这是央企联合地方国资的最新举措。 中国国新党委书记、董事长徐思伟提到，"国新创投基金要 ...