长期资本

Search documents
证监会主席吴清:更大力度培育壮大耐心资本、长期资本
news flash· 2025-06-18 03:15
6月18日,中国证监会主席吴清在2025陆家嘴论坛上表示,更大力度培育壮大耐心资本、长期资本,聚 焦私募基金"募投管退"各环节卡点堵点,精准发力、畅通循环。积极推动社保基金、保险资金、产业资 本参与私募股权投资,拓宽资金来源。(人民财讯) ...
政策力挺深圳培育发展长期耐心资本
Zhong Guo Zheng Quan Bao· 2025-06-12 20:48
Group 1 - The core viewpoint of the news is the introduction of policies to deepen reform and innovation in Shenzhen, focusing on long-term capital development, support for Hong Kong-listed companies, and the promotion of artificial intelligence and low-altitude economy industries [1][2] - The National Development and Reform Commission emphasizes a systematic and coordinated approach to reform, addressing key issues that hinder high-quality development, such as technology transfer and efficiency [1][2] - Guangdong province will support Shenzhen in advancing education, technology, and talent reforms, aiming to create a globally influential industrial and technological innovation center [2][3] Group 2 - Shenzhen aims to focus on four key areas: tackling core technologies in artificial intelligence and low-altitude economy, implementing innovative reform measures, creating demonstration application scenarios, and nurturing technology innovation enterprises [3][4] - The Ministry of Science and Technology will enhance support for Shenzhen's participation in the Guangdong-Hong Kong-Macao Greater Bay Area's international technology innovation center, strengthening strategic technological capabilities [3][4] - Shenzhen will explore integrated reforms in education, technology, and talent, and implement a new mechanism for stable and efficient long-term investment in basic research [4]
深圳重磅利好!这场发布会信息量巨大
21世纪经济报道· 2025-06-12 04:54
6月12日上午10时,国务院新闻办公室举行新闻发布会,请国家发展改革委副主任李春临,广 东省委常委、常务副省长张虎,深圳市委副书记、市长覃伟中和科技部有关负责人介绍《关 于深入推进深圳综合改革试点深化改革创新扩大开放的意见》有关情况,并答记者问。 国家发展改革委副主任李春临表示,《关于深入推进深圳综合改革试点深化改革创新扩大开 放的意见》突出改革的系统集成和高效,从改革举措间的内在关联性出发,注重经济领域改 革与教育、科技、人才等其他相关领域改革的协同联动,推出取向一致、相互配合的举措。 比如,从强化产学研用各环节集成的角度,推动信息领域产业发展,支持高校和企业联合培 养高素质复合型综合人才,培育一批掌握硬科技的创新创业人才。 深圳综合改革试点新举措注重经济领域改革与教育等其他相关领域改革的协同联动 深圳综合改革试点48条经验举措在其他地方复制推广,形成改革联动和放大效应 国家发展改革委副主任李春临表示,深圳综合改革试点实施五年以来,在重点领域和关键环 节率先突破,形成了一批重要改革创新成果,为全国进一步深化改革开放提供了先进经验, 发挥了重要的引领示范作用。在引领示范方面,涌现一批鲜活案例和好做法,为其他地 ...
广东省常务副省长张虎:支持深圳培育发展长期资本、耐心资本
news flash· 2025-06-12 02:34
Core Viewpoint - Guangdong Province's Executive Vice Governor Zhang Hu emphasizes support for Shenzhen's development of long-term and patient capital, aligning with central government directives to enhance reform and innovation in the region [1] Group 1: Support for Education and Innovation - Guangdong will support Shenzhen in advancing integrated reforms in education, technology, and talent systems to establish a globally influential industrial and technological innovation center [1] - The plan includes the establishment of high-level universities and strengthening the role of enterprises in technological innovation, promoting collaborative efforts in key technology breakthroughs [1] Group 2: Market-oriented Reforms - Shenzhen will be supported in deepening market-oriented reforms for resource allocation, focusing on financial, technological, and data elements to empower the real economy [1] - The initiative aims to cultivate long-term and patient capital, enhance data trading regulations, and improve mechanisms for facilitating personnel mobility [1] Group 3: Open Economic System - The province will assist Shenzhen in building a higher-level open economic system, aiming to create a global hub for high-quality resource attraction and aggregation [1] - Support will also be provided for aligning with high-standard international trade rules and enhancing cross-border trade facilitation reforms [1] - Specific projects include the development of the Qianhai modern service industry cluster and the establishment of the Hong Kong-Shenzhen Science and Technology Innovation Comprehensive Service Center in He Tao [1]
「2025母基金年度论坛」盛大启幕:汇聚中国力量!
FOFWEEKLY· 2025-06-05 10:01
Core Viewpoint - The article emphasizes the significant role of China's strength in driving global capital flow and industrial upgrades amidst a rapidly changing global economic landscape, highlighting the importance of mother funds as stabilizers and amplifiers in the capital market [1]. Group 1: Economic Context - The world is experiencing unprecedented changes, with differentiated recovery dynamics and accelerated technological innovation and industrial transformation [1]. - China is becoming a key variable in global capital flow and industrial upgrades, showcasing resilience and vitality [1]. Group 2: Importance of Mother Funds - Mother funds play an irreplaceable role in nurturing new productive forces, promoting technological self-reliance, and guiding long-term capital allocation [1]. - The year 2025 is projected to be pivotal for the rise of Chinese enterprises and assets, with significant advancements in high-value-added sectors [1]. Group 3: Upcoming Forum - The "2025 Mother Fund Annual Forum and the Sixth Lujing Venture Capital Forum" will be held from September 4-6, 2025, in Xiamen, focusing on leveraging mother funds to activate the multiplier effect of long-term, industrial, and innovative capital [3]. Group 4: Conference Highlights - The forum will gather over a thousand LP and GP institutions, including national and local government funds, financial institutions, and family offices, to analyze the current state and future trends of the private equity investment industry [11]. - A special dinner event will facilitate networking among top talents and quality resources in the industry, promoting market insights and investment opportunities [12]. Group 5: Investment Trends in Fujian - In 2024, the number of fund registrations in Fujian decreased by 37% to 234, while the registration scale increased by 32% to 148.895 billion yuan, driven by government-led funds and deep participation from industrial capital [19][20]. - Xiamen's registration scale grew by 60% to 713.32 billion yuan, significantly outpacing national trends, supported by policies like "拨改投" and cross-strait integration funds [20]. Group 6: Investment Focus and Performance - Investment in Fujian reached 24.886 billion yuan in 2024, a slight increase of 6.5%, with a focus on electronic information, biomedicine, and new materials [21]. - Early-stage investments accounted for over 70% of the total, reflecting a shift towards quality projects and innovation in the investment landscape [21].
清华大学国家金融研究院院长田轩:中长期资本有助企业创新发展 提升资本市场整体活力
Cai Jing Wang· 2025-05-28 04:33
Group 1 - The article emphasizes the importance of cultivating long-term and patient capital to stabilize and develop the capital market, highlighting a "1+N" policy system aimed at optimizing market structure and enhancing stability [1][5] - Long-term capital and patient capital are characterized by their focus on long-term value rather than short-term gains, providing stable funding that supports enterprise development and market competitiveness [2][5] - The introduction of long-term and patient capital is expected to mitigate market volatility, promote long-term value investment, and enhance the overall quality and efficiency of the capital market [6][12] Group 2 - Recommendations for fostering patient capital include optimizing state-owned capital investment mechanisms, constructing a multi-tiered capital market, and improving policies for long-term funds to enter the market [7][8][9] - The article discusses the need to address barriers to long-term capital entering the market, such as regulatory restrictions and short performance evaluation periods for institutional investors [13][14] - Different types of long-term capital, including insurance funds, social security funds, and public funds, have unique characteristics and advantages that should be leveraged to support the capital market effectively [15][16]
险资入市实践概览:保险资金长期改革试点三期已至 持续加大新兴战略领域资产配比
Cai Jing Wang· 2025-05-28 03:54
Group 1 - The core viewpoint emphasizes the importance of long-term capital and patient capital in optimizing market structure, reducing retail investor dominance, and enhancing institutional investor influence [1][10] - Insurance funds are recognized as typical representatives of long-term and patient capital, actively entering the market to support value investment and promote the growth of quality enterprises [1][5] Group 2 - The pilot reform for long-term investment by insurance funds began in October 2023, with the establishment of the Honghu Fund, a 50 billion yuan private equity fund initiated by China Life and Xinhua Insurance [2][4] - The second batch of pilot institutions includes eight insurance companies, with ongoing efforts to establish additional funds, such as the 12 billion yuan fund by Taikang Asset [2][3] Group 3 - The total scale of long-term investment pilot programs for insurance funds is set to increase to 222 billion yuan, indicating a steady progression of insurance capital into the market [4] - Insurance companies are focusing on long-term equity investments, aiming to enhance their capital market participation and achieve a positive interaction with the market [5][6] Group 4 - Insurance funds are strategically directing investments towards key national strategic areas, emerging industries, and technology innovation sectors, with a focus on high-dividend blue chips and strategic emerging industries [6][7] - Companies like Xinhua Insurance and China Life are actively investing in technology, elderly care, and consumption sectors, aligning with national strategies [7][8] Group 5 - The recent regulatory adjustments have increased the upper limit for equity asset allocation, allowing for an estimated release of approximately 1.6 trillion yuan in incremental funds by 2025 [9][10] - Major insurance companies express confidence in the long-term value of the Chinese economy and capital market, committing to enhance their investment in strategic emerging industries and equity assets [10][11] Group 6 - The insurance sector is increasingly focusing on green investments, with companies like Sunshine Insurance planning to exceed 20 billion yuan in green investments by the end of 2024 [8][9] - Long-term capital is expected to support sustainable development projects, including technology innovation and green infrastructure, thereby enhancing market stability [13]
让科技和金融“双向奔赴”,七部门推出15项重磅举措
Di Yi Cai Jing· 2025-05-22 15:25
Group 1 - The core viewpoint of the news is the introduction of 15 policy measures aimed at enhancing the synergy between technology and finance, focusing on various aspects such as venture capital, monetary credit, capital markets, technology insurance, and the bond market [1][8] - The policies aim to address the financing challenges faced by technology enterprises by innovating financial tools and creating low-cost financing channels [2][4] - The People's Bank of China has increased the scale of re-loans for technological innovation and technological transformation from 500 billion to 800 billion yuan, while reducing the re-loan interest rate from 1.75% to 1.5% [2][3] Group 2 - A "Technology Board" has been established in the bond market to support the issuance of technology innovation bonds, with nearly 100 institutions having issued such bonds totaling over 250 billion yuan [3][4] - Long-term capital is crucial for the development of technology enterprises, with various pilot projects initiated to attract long-term capital, including expanding the scope of equity investment pilot projects and increasing the duration of merger loans [4][5] - The policy measures emphasize the need for collaboration among various departments to effectively implement technology finance initiatives, transitioning from a "fiscal mindset" to a "financial mindset" [7][8]
监管拟再批复600亿元险资长期投资试点,调降股票投资风险因子!影响几何?
Xin Lang Cai Jing· 2025-05-07 06:49
智通财经记者 | 吕文琦 "充分发挥保险资金作为耐心资本和长期资本的作用,加大入市稳市力度,下一步将推出三条措施支持 稳定和活跃资本市场。"5月7日,金融监管总局局长李云泽在国新办新闻发布会上表示。 具体来看,一是进一步扩大保险资金长期投资试点范围,近期拟再批复600亿元,为市场引入更多增量 资金。二是调整优化监管规则,将保险公司股票投资风险因子进一步调降10%,以鼓励保险公司加大入 市力度。三是推动完善长周期考核机制,促进实现长钱长投。 而此次将保险公司股票投资风险因子进一步调降10%,前述非银分析师认为,假如全部权益持仓都是股 票,都可以打9折的话,预计偿付能力大概能上升5%。 南开大学金融发展研究院院长田利辉向智通财经表示,金融监管总局近期推出的调降保险公司股票投资 风险因子、扩大保险资金长期投资试点范围等举措,是中国资本市场改革的重要信号,旨在通过优化保 险资金的配置能力,为市场注入长期稳定资金,同时提升保险业服务实体经济的能力。 多措并举引活水 打通中长期资金入市的卡点堵点,为险资提供良好的投资环境一直是监管重点关注的问题。 2024年3月,中国人寿与新华保险,共同成立总规模达500亿元的鸿鹄基金。 ...
第19届中国投资年会DAY2:金句集锦大公开,明日精彩提前看
投中网· 2025-04-17 09:26
将投中网设为"星标⭐",第一时间收获最新推送 的市场化意识,也有很强的国际 视野,会对自己的投资负责,我 们不要去担忧他们。只要把环境 改善了、把法治改善了,尊重他 们,他们就能做出理性的选择。 FK4E 基石资本董事长 创始合伙人 66 大胆资本和长期资本的本质是社 会信用,资本市场是社会信用的 更高等级的形式,没有这种社会 信用的长期坚定的相信,大胆资 本和耐心资本并不能靠说服和教 育来形成。 8 99 四大学 毅达资本 董事长 66 从我过去20年的投资经验来看, 做投资一定要放长眼光,千万不 要被眼前的变化和黑遮住双眼。 投资就是长时间。这一轮的关税 战,我相信凭中国人的智慧能够 走出来。 99 推动世界科技的创新变成了双因 子,中国的科技和产业也有双因 子影响:一个是美国,一个是自 身,因此有两个逻辑在推动着我们 所说的孵化和投资,一个是市场 逻辑,一个是国家逻辑。 秒业本 华业天成 创始合伙人 中国是全球最大的工业制造国, 这一波智能科技将使工业连接从 有线逐渐升级为5G等无线连接方 式,规模引入工业AI专用算力, 配合柔性生产和软硬件升级,将 是一次非常大的变革性机会。 99 66 FE HIT ...