Core Viewpoint - Recently, Shanghai Jushen Zhichuang Venture Capital Partnership (Limited Partnership) underwent a business change, adding a new partner, Xinian Equity Investment (Hangzhou) Co., Ltd., a wholly-owned subsidiary of Xinian Integrated [1] Group 1 - The company was established in April 2025 with a registered capital of 661 million yuan [1] - The business scope includes venture capital, specifically limited to investments in unlisted companies [1] - Current shareholders include Shanghai Zhangjiang Technology Venture Capital Co., Ltd. and Shanghai SAIC Chuangyuan Venture Capital Partnership (Limited Partnership), along with the newly added partner [1]

| 序号 | | 合伙人名称 出资比例 ÷ 认缴出资额 | | --- | --- | --- | | | 陕西 | 陕西省政府投资引导基金合伙企业（有限合伙） | | | 省政 | 国有独资 | | 2 | | 渭南市工业倍增发展基金（有限合伙） | | | 倍増 | 国有独资 | | 3 | 和翎 | 和翎同行（西安）私募基金有限公司 | | | 同行 | 私募基金管理人 | | | 和翎 | 西安和翎航装投资合伙企业（有限合伙） | | 4 | 航装 | 私募基金 | | | 皇公司 都在用的商业查询工具 | 音老板 音关系 音风险 | | | | | --- | --- | --- | --- | --- | --- | | | 家中小企业发展子基金旗下机构 | 陕西低空航飞产业基金合伙企业(有限合伙) | (×) 天眼一下 | 船 应用 ▼ | 商务合作 : | | 基本信息 4 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | 知 | | 工商信息 ● | | | | | | | 工商信息 历史工商信息0 | | | | | | | 企业名称 | 陕西低空航飞产业基金合伙企业(有限合伙) ...

Group 1 - The Guangzhou Municipal Political Consultative Conference emphasized the importance of building a modern industrial system, fostering emerging industries, and enhancing service quality through high-quality suggestions [1] - The conference highlighted the need to activate innovation capabilities, support the construction of innovation platforms, and strengthen talent support for technological advancements [1] - There is a focus on optimizing the business environment to promote a market-oriented, legal, and international first-class business environment [1] Group 2 - Eight representatives from the Guangzhou Political Consultative Conference discussed key issues related to urban development, artificial intelligence empowerment, and cultural soft power, reflecting a deep commitment to the city's long-term growth [2] - Proposals included expanding the scope of national subsidies for the aging-friendly home industry and promoting high-quality development in this sector, addressing significant social and strategic needs [3] - Recommendations were made to accelerate the intelligent upgrade of the customized home industry through AI integration, addressing challenges such as talent shortages and high operational costs [3] Group 3 - Proposals were made to establish a fault-tolerant mechanism for state-owned venture capital in Guangzhou to enhance the legal framework and provide a stable environment for investment [4] - The report noted a decline in private investment in Guangzhou, with a 16.7% year-on-year decrease in the first half of 2025, prompting suggestions to broaden investment fields and improve financing support [4] - Recommendations included creating a high-quality investment environment to support technological advancements and address challenges in fundraising and industry cultivation [5]

格隆汇1月19日丨莱克电气(603355.SH)公布，为充分借助专业投资机构的专业资源及其投资管理优势， 把握新兴产业投资机遇，拓展公司多元化投资渠道，进一步提升公司的综合竞争力和盈利能力，公司于 近日与普通合伙人北京睿石成长投资管理有限公司（称"睿石成长"）及其他有限合伙人共同签署了《共 青城莱克睿石创业投资合伙企业（有限合伙）之有限合伙协议》（称"《合伙协议》"）。合伙企业募集 资金总规模拟为人民币2亿元，其中公司作为有限合伙人以自有资金认缴出资人民币1.9亿元，占认缴出 资总额的95%。 ...

（来源：VCA创投社） 2024年9月，国务院总理李强主持召开国务院常务会议，研究促进创业投资发展的有关举措。 会议指出，创业投资事关科技创新、产业升级和高质量发展。要尽快疏通"募投管退"各环节存在的堵点 卡点，支持符合条件的科技型企业境内外上市，大力发展股权转让、并购市场，推广实物分配股票试 点，鼓励社会资本设立市场化并购母基金或创业投资二级市场基金，促进创投行业良性循环。 此外，会议表示，要推动国资出资成为更有担当的长期资本、耐心资本，完善国有资金出资、考核、容 错、退出相关政策措施。 会议还指出，要夯实创业投资健康发展的制度基础，落实资本市场改革重点举措，健全资本市场功能， 进一步激发创业投资市场活力。 在当下这个充满挑战、充满变革机遇的时代，对投资人以及想加入创投圈层的人而言，无疑是令人激动 的一件事。 创投行业正经历新旧动能转换，以政府引导基金为抓手，母基金为媒介的增量资金成为市场不可忽视的 重要参与力量，投资逻辑与投资策略都在发生重大转变。 投资分析师VCA认证中心致力于培养并认证新时期股权投资精英人才，联合深圳市创业投资同业公会 发起投资分析师VCA证书实战班，依托创投公会丰富的创投资源和人脉圈 ...

Core Viewpoint - Sichuan is accelerating its venture capital landscape with a total fund size of 355.3 billion yuan, driven by policy innovation and capital aggregation [2][3]. Group 1: Fund Size and Investment Focus - As of January 14, 2026, Sichuan has signed 174 funds with a total scale of 355.3 billion yuan, focusing on key industries such as electronic information, healthcare, and artificial intelligence [5]. - The "Chengdu High-tech Zone Industry Fund Investment List" has been released, detailing the 355.3 billion yuan fund cluster and facilitating capital and project information disclosure [6]. Group 2: Policy Framework and Goals - In May 2025, Sichuan announced measures to promote high-quality development in venture capital, aiming for 500 private equity and venture capital management institutions and a fund management scale exceeding 400 billion yuan by 2030 [8]. - The measures include innovative mechanisms such as breaking the restrictions on fund registration and return ratios, and a loss tolerance mechanism for state-owned funds, allowing up to 60% loss tolerance [8]. Group 3: Ecosystem Development - The venture capital ecosystem in Sichuan is being activated, with a rapid increase in the number and scale of funds, including 50 provincial government-guided funds approved by the end of 2025, targeting a total scale of 99.26 billion yuan [9]. - Sichuan is building a comprehensive capital ecosystem covering various sectors, including hard technology and advanced manufacturing, supported by large-scale mother funds and targeted industry funds [11]. Group 4: Capital Deployment and Collaboration - The Sichuan Social Security Science and Technology Innovation Fund, with a total scale of 50 billion yuan, focuses on strategic emerging industries such as artificial intelligence and biomedicine [11]. - Various local funds have been established, such as a 20 billion yuan gas industry fund focusing on hydrogen energy and LNG, and funds for low-altitude economy, enhancing capital support for technology development [13]. Group 5: National Context and Future Outlook - The national venture capital guidance fund has completed strategic layouts in key regions, with a focus on early-stage investments, indicating a broader trend of capital gathering towards technology innovation and advanced manufacturing [14]. - The capital landscape in Sichuan reflects a national trend of recovery in the primary market, with a growing emphasis on patient capital supporting technological innovation [16].

Group 1 - The event "Investment Qilu, Win the Future" focused on high-quality development and capital matching, attracting 7 national funds, 5 major AICs, and 117 domestic private equity investment institutions and financial representatives, totaling 380 participants [1] - A total of 150 quality investment projects from Shandong Province were promoted, covering strategic emerging industries such as artificial intelligence, high-end equipment manufacturing, new energy materials, and biomedicine, showcasing Shandong's solid foundation and broad space for industrial transformation and upgrading [1] - The event resulted in 37 funds and 13 key projects successfully landing in Shandong, with a total signed scale of 34.7 billion yuan, injecting strong capital momentum into the transformation of old and new kinetic energy and enhancing industrial quality and efficiency [1] Group 2 - Shandong's Vice Governor Zhang Haibo invited entrepreneurs and investors to deeply participate in Shandong's development, emphasizing the importance of focusing on industrial upgrades and technological innovation [2] - The Shandong Development and Reform Commission highlighted the event as a significant window to showcase the province's solid industrial foundation, huge investment potential, and favorable business environment, committing to a full-chain tracking service mechanism for signed funds and projects [2] - The recently introduced "Action Plan for Promoting High-Quality Development of Venture Capital in Shandong Province" aims for an annual growth of over 10% in venture capital investment by the end of 2027, with a management scale exceeding 400 billion yuan [3]

Group 1 - The core objective of the "Action Plan" is to attract and cultivate more long-term and patient capital to support high-quality development in Shandong Province [1] - The plan includes specific measures such as enhancing the identification, excavation, and cultivation of quality enterprises, particularly technology-based companies, and integrating them into a listing reserve enterprise database [1][2] - Other regions, such as Sichuan and Taizhou, are also implementing similar policies to support enterprise listings, indicating a broader trend of local governments focusing on facilitating capital market access for businesses [1][2] Group 2 - The "Action Plan" aims for an annual growth of over 10% in venture capital investment in Shandong by the end of 2027, with a management scale exceeding 400 billion yuan and a target of maintaining around 3,800 existing funds [3] - The plan emphasizes a high-level cycle of "industry-technology-finance" and aims to establish Shandong as a national pilot zone for technology finance reform and a hub for venture capital [3] - The Sichuan action plan also sets goals for increasing the number of enterprises in the listing reserve database and enhancing the overall market capitalization of listed companies [3]

Group 1 - The establishment of Zhongshan High-tech Zhiguang Venture Capital Fund Partnership (Limited Partnership) has been announced, with a total investment of 500 million RMB [1] - The fund is managed by Zhongshan Venture Capital Co., Ltd., focusing on private equity investment fund management and venture capital fund management services [1] - The partners of the fund include Zhongshan Industrial Investment Mother Fund (Limited Partnership), Zhongshan Torch Industrial Group Co., Ltd., and Zhongshan Zhangjiabian Enterprise Group Co., Ltd. [1]

Core Viewpoint - The Shandong Provincial Government has issued an action plan to attract and cultivate long-term capital to support high-quality development in the region, aiming for significant growth in venture capital investment by 2027 [1] Group 1: Long-term Capital Attraction - The action plan aims to attract well-known national venture capital institutions to establish regional headquarters or branches in Shandong [2] - It encourages various financial entities, including insurance funds and commercial banks, to set up or invest in venture capital funds in the province [2] - The plan promotes corporate venture capital (CVC) investments from Shandong's listed companies and major tech enterprises along the industrial chain [2] Group 2: Promotion of Venture Capital - There will be increased policy support for venture capital institutions focusing on original and leading technological innovations [2] - A risk compensation mechanism will be established for seed and early-stage enterprises to encourage investment in hard technology [2] - The plan advocates for "early incubation" and "deep incubation" models to support hard tech companies [2] Group 3: Government Investment Fund Management - A differentiated assessment system for state-owned venture capital will be constructed to optimize the evaluation of government investment funds [3] - The assessment will focus on the functional role of funds rather than solely on financial returns from individual projects [3] - A fault-tolerance mechanism will be established to protect fund managers and state investors under certain policy conditions [3]