人民财讯9月2日电，企查查APP显示，近日，深圳市远致星辰创业投资基金合伙企业(有限合伙)成立， 出资额10亿元，经营范围包含：以私募基金从事股权投资、投资管理、资产管理等活动。企查查股权穿 透显示，该企业由中国人寿（601628）旗下国寿(深圳)科技创新私募股权投资基金合伙企业(有限合 伙)、深圳市资本运营集团有限公司等共同出资。 ...

Core Insights - The equity investment industry has received numerous policy benefits since 2025, with government reports emphasizing the need to enhance venture capital fund regulation and support for entrepreneurial investment [1] - The industry is focusing on early-stage, small, long-term investments in hard technology, aiming to cultivate more technological innovations through patient capital [1] - The Mother Fund Research Center has released a special list for 2025 to encourage outstanding institutions and talents in the private equity mother fund and fund industry, promoting healthy development in the equity investment sector [1] Rankings and Awards - The top institutions for national-level mother funds in risk control include: 1. CICC Capital 2. State-owned Enterprise Restructuring 3. Huayi Fund 4. National SME Development Fund 5. China Insurance Investment Fund [6][10] - The best provincial government-guided funds for risk control are: 1. Anhui High-tech Investment 2. Chongqing Science and Technology Investment 3. Fujian Jintou Fund [10][11] - The best city and county-level government-guided funds for risk control include: 1. Shenzhen Government Guidance Fund 2. Shenzhen Angel Mother Fund [15][16] - The best market-oriented mother funds for returns include: 1. Yuanhe Chenkun 2. CICC Capital 3. Shanghai Science and Technology Fund [26][34] - The best VC funds for returns are: 1. Shenzhen Capital Group 2. Sequoia China 3. IDG Capital [63][64] - The best PE funds for returns are: 1. CICC Capital 2. Gao Ling Investment 3. CPE Yuanfeng [68][69] - The best early-stage funds for returns include: 1. Zhongke Chuangxing 2. Xianlong 3. Sequoia China Seed Fund [73][74] - The best investment institutions in advanced manufacturing, new energy, and semiconductor fields are recognized, with various institutions listed for their contributions [83][87][92]

Core Viewpoint - Luxin Venture Capital Group Co., Ltd. reported a mixed financial performance for the first half of 2025, with significant increases in investment income but declines in total profit and fair value changes [1][2]. Financial Performance - Total revenue for the first half of 2025 was CNY 41,043,487.87, a 3.67% increase from CNY 39,590,483.16 in the same period last year [3][6]. - Total profit decreased by 21.29% to CNY 243,430,901.62 from CNY 309,283,357.18 year-on-year [3][6]. - Investment income surged by 401.01% to CNY 251,721,113.76, primarily due to gains from the termination of equity measurement in Longli Bio and increased fund distribution income [3][6]. - Fair value changes in investments dropped by 81.88% to CNY 63,534,957.42, attributed to reduced project valuation gains and secondary market fluctuations [3][6]. - Net profit attributable to shareholders was CNY 217,405,040.88, down 7.97% from CNY 236,241,400.91 [3][6]. Business Operations - The company’s main business includes venture capital and the production and sale of abrasives, with venture capital being the primary profit source [4][5]. - The abrasives segment reported revenue of CNY 27,262,600, reflecting a significant increase compared to the previous year [5][6]. - As of the end of the reporting period, the company had established 59 funds and investment platforms with a total subscribed capital of CNY 22.202 billion, of which CNY 15.073 billion was in place [5][6]. Industry Context - The abrasives industry experienced a decline in revenue and total profit during the first half of 2025, with imports amounting to USD 360 million and exports reaching USD 1.58 billion [4][5]. - The Chinese private equity market saw a 12.1% increase in the number of newly raised funds, totaling 2,172 funds and CNY 728.33 billion in capital [4][5]. - The hard technology sector remains a market hotspot, with significant investments in IT, semiconductors, biotechnology, and clean technology [4][5].

Core Insights - The establishment of Guoxin Venture Capital Fund (Hangzhou) marks a significant entry into the venture capital sector, focusing on investing in promising startups [1][3] - The fund has a substantial registered capital of 10 billion RMB, indicating strong financial backing [1][2] - The fund is initiated by China Guoxin Holdings Co., Ltd., with contributions from several prominent enterprises, enhancing its credibility and potential for success [1][4] Company Information - Guoxin Venture Capital Fund was officially established on August 26, 2023, and is classified as a limited partnership [2] - The fund's operational scope is specifically targeted at venture capital investments, particularly in unlisted companies [2] - The fund is structured to have a lifespan of 15 years and will utilize a mother-child fund architecture, allowing for flexible investment strategies [2] Investment Strategy - The fund aims to invest in forward-looking strategic emerging industries and future industries, reflecting a commitment to innovation and high-quality economic development in China [1][3] - The strong shareholder background, including state-owned enterprises, positions the fund to effectively support the growth of startups [1][4]

Group 1 - The establishment of the Guoxin Venture Capital Fund (Hangzhou) with a capital contribution of 10 billion RMB focuses on venture investment [1] - The fund is backed by major partners including China Minmetals Corporation, Hangzhou Industrial Investment Co., Ltd., China Electrical Equipment Group Co., Ltd., and China Guoxin Holdings Limited [1] Group 2 - The "2025 Mother Fund Annual Forum" registration has started, aiming to gather Chinese investment forces [2] - The National Development and Reform Commission is soliciting opinions regarding government investment funds [2] - There is a report indicating a rebound in LP investment enthusiasm, suggesting that the venture capital market is emerging from a "cold winter" [2]

Group 1 - The core viewpoint of the news is the establishment of the Guoxin Venture Capital Fund (Hangzhou) with a total investment of 10 billion RMB, focusing on strategic emerging industries and future industries [1] - The fund is initiated by China Guoxin Holdings Co., Ltd. and includes partners such as China Minmetals Corporation and Hangzhou Industrial Investment Co., Ltd. [1] - The fund has a lifespan of 15 years and operates under a mother-child fund structure [1] Group 2 - The fund is classified as a limited partnership and is registered with the Hangzhou Market Supervision Administration [2] - The fund's business scope includes venture capital, specifically limited to investments in unlisted companies [2] - The fund's establishment date is August 26, 2025, and it is currently in an operational status [2]

Core Viewpoint - The establishment of Ningbo Gongtou Ruijing Venture Capital Fund Partnership (Limited Partnership) with a total investment of 1 billion RMB aims to engage in private equity investment, investment management, and asset management activities [1]. Group 1: Fund Details - The fund is established by Ningbo Industrial Investment Group Co., Ltd. and Ningbo Tongshang Fund Management Co., Ltd. as the executive partners [1]. - The fund's registered capital is 1 billion RMB, with a business scope that includes private equity investment, investment management, and asset management, subject to registration with the Asset Management Association of China [2]. Group 2: Partner Information - The fund's partners include Ningbo Industrial Investment Co., Ltd. (89.9% contribution), Ningbo Tongshang Venture Capital Partnership (Limited Partnership) (9.9% contribution), and Ningbo Tongshang Fund Management Co., Ltd. (0.1% contribution) [2]. - The fund is classified as a state-owned private equity fund, with the majority of the capital contributed by state-owned enterprises [2].

Core Viewpoint - The establishment of two new VC funds in Shenzhen, focusing on artificial intelligence and strategic emerging industries, marks a significant development in the local investment landscape, particularly involving village enterprises as major investors [1][2][3]. Fund Details - The two funds are the Shenzhen坂田人工智能创投基金 with a total scale of 1 billion and the 深圳龙岗龙兴创投基金 with a total scale of 2 billion, both having a 10-year duration [1][4]. - The funds will invest in sectors such as artificial intelligence, robotics, semiconductors, high-end manufacturing, and biomedicine, with a number of quality projects already in reserve [5][6]. Investor Composition - The main investors (LPs) of the funds include Shenzhen state-owned assets and 12 village cooperative companies from Longgang District, with village enterprises being the primary contributors [2][4]. - The management of both funds is handled by 南岭创投, a professional venture capital institution under 南岭村 [2][6]. Historical Context - The concept of village enterprises setting up funds is not new in Shenzhen, with several such funds established in 2023, which became a focal point in the domestic venture capital market [3][11]. - Shenzhen has nearly 1,000 community cooperative companies with total assets of approximately 2.5 trillion and net assets exceeding 1.2 trillion, primarily engaged in traditional businesses like real estate [9][10]. Investment Strategy and Challenges - Village enterprises have historically been conservative in their investment preferences, focusing on fixed-income projects rather than diversified investments like funds [12][13]. - The shift towards venture capital investment is seen as a necessary exploration for the transformation of collective economies, especially in light of economic pressures [15][16]. Regulatory Environment - The local government has introduced reforms to encourage village enterprises to invest, including a mechanism for risk compensation and streamlined investment decision-making processes [19][20]. - These reforms aim to alleviate the fears associated with investment failures and promote a more proactive investment culture among village enterprises [18][19]. Future Outlook - The success of these funds and their investments will be crucial in determining the viability of this model for collective economies, with the potential for replication in other regions being limited by local conditions [20].

Group 1 - The establishment of Hailier (Sichuan) Technology Development Co., Ltd. has been registered with a capital of 10 million RMB [1] - The company is wholly owned by Qingdao Xinhui Industrial Co., Ltd. [1] - The legal representative of the company is Pu Zhidong [1] Group 2 - The business scope includes venture capital, asset management services, corporate headquarters management, and various consulting services [1] - The company is classified under the financial industry, specifically in capital market services [1] - The registered address is located in Luzhou City, Sichuan Province [1]

人民财讯8月21日电，企查查APP显示，近日，广西创益振瑞创业投资基金合伙企业(有限合伙)成立，出 资额20亿元，经营范围包含：创业投资(限投资未上市企业)；以自有资金从事投资活动;以私募基金从事 股权投资、投资管理、资产管理等活动。企查查股权穿透显示，该合伙企业由中央企业乡村产业投资基 金股份有限公司、广西投资引导基金有限责任公司等共同持股。 ...