Fund Overview - The fund is named "Ping An Value Enjoy Mixed Securities Investment Fund" and is categorized as a mixed securities investment fund [15][16] - The fund is managed by Ping An Fund Management Co., Ltd. and the custodian is Agricultural Bank of China [15][16] Fund Launch Details - The fund's public offering period is from May 27, 2025, to June 18, 2025, with a maximum fundraising limit of 5 billion RMB [19][20] - The fund can end the fundraising period early if the total subscription amount approaches or exceeds the limit [20] Subscription Information - The minimum subscription amount for individual investors is 500 RMB, while the minimum for direct sales is 50,000 RMB [3][4] - There is no upper limit on the total subscription amount for individual investors, but if an investor's total subscription exceeds 50% of the fund's total shares, the management may impose restrictions [4][30] Fund Management and Fees - The fund management fee is calculated based on a fixed rate of 1.20% per annum, which may vary based on the investor's holding duration and annualized return [11] - The fund has two share classes: Class A, which charges a subscription fee, and Class C, which does not charge a subscription fee but deducts a service fee from the fund's assets [23][26] Fund Operation and Risk Management - The fund aims to achieve returns that exceed its performance benchmark while strictly controlling investment risks [15] - The fund's assets may be invested in various markets, including the Hong Kong stock market, which carries specific risks such as market volatility and currency fluctuations [9][10] Investor Information and Support - Investors can access detailed information about the fund and its operations through the official website and customer service [5][18] - The fund management company is committed to compliance with anti-money laundering regulations and requires investors to ensure the legality of their funds [12][13]

Core Viewpoint - The report from Beijing Fund Town Research Institute provides an in-depth analysis of post-investment management in private equity funds, highlighting regulatory frameworks, industry status, key points, and development trends. Group 1: Regulatory Framework and Tax Rules - The regulatory framework for post-investment management of private equity funds in China is gradually improving, encompassing laws, administrative regulations, departmental rules, and self-regulatory guidelines. Key laws include the Securities Investment Fund Law, which clarifies the fiduciary duties of managers, and the Private Investment Fund Supervision and Administration Regulations, which strengthen information disclosure and accountability [1][2][3] - Tax treatment varies significantly based on the fund's organizational structure. For partnership funds, the "first distribute, then tax" principle applies, while corporate funds are subject to corporate income tax. Cross-border investments involve complex issues related to tax policies and agreements [1][2][3] Group 2: Post-Investment Management Practices and Key Points - Post-investment management encompasses multiple dimensions, including operations, risk, valuation, tax, and value-added services. Effective operational management requires proper information disclosure, profit distribution, and documentation management [2][3] - Risk management involves identifying, assessing, monitoring, and responding to risks, establishing a risk grading system, and employing financial analysis and legal compliance checks to mitigate risks [2][3] - Valuation methods for non-listed equity typically include recent financing price methods and market multiples, while debt and derivatives use discounted cash flow methods [2][3] Group 3: Characteristics of Different Fund Types and Industry Post-Investment Management - Strategic industry funds focus on specific industry characteristics, such as technology investment in the new generation of information technology, data compliance in artificial intelligence, and supply chain security in aerospace [3][4] - Cross-border funds face challenges related to regulatory differences, tax agreements, and exchange rate risks, necessitating optimized investment structures and compliance management [3][4] Group 4: Development Trends and Institutional Building - Domestic post-investment management faces challenges such as insufficient specialization and lagging digitalization, with future trends leaning towards systematization, transparency, and technological advancement [4] - The international market exhibits more mature post-investment management practices, emphasizing post-merger industrial operations and digital empowerment, with a deep integration of ESG investment principles [4] Group 5: Comprehensive Guidance and Strategy Reference - The report combines theoretical insights with case studies to provide comprehensive operational guidance and strategic references for post-investment management in private equity funds, aiming to enhance management levels and investment returns in the industry [5]

南京扬子国资投资集团有限责任公司（以下简称"扬子国投"）发布遴选GP公告：为深入推进江北 新区"四大行动"，加快集聚产业链关键环节、支持区域产业发展，扬子国投拟发起设立南京扬子江 科技产业投资基金（有限合伙）。该基金为有限合伙制基金，依照基金合伙协议进行运营。基金总 认缴规模不低于3亿元，存续期10年（投资期4年、退出期6年），可根据实际情况延长。基金实行 分期实缴制度，实缴比例为30%、40%、30%，并设置投资进度门槛，进度达70%方可进入下一期 出资。 基金将聚焦江北新区"2+4+N"主导产业，原则上单个项目投资金额不超过3000万元、且不高于基 金实缴总额的20%，鼓励单笔投资不超过1000万元。 报告： 独角兽的"新双轮驱动"：《2025中国CVC影响力报告》发布 报告： 哪些LP在活跃出资？——《LP全景报告2024》发布 对接需求请扫码 每日｜荐读 热文： 社会LP去哪了 热文： 购基金井喷，巨头们开始"买买买" 公告强调，基金全额投向南京江北新区，返投比例为100%，以引导社会资本聚焦区域高质量发 展。 来源：扬子国投 ...

Group 1 - The article discusses the optimization of government investment fund performance evaluation mechanisms to support small and micro enterprises through equity financing [1][2] - It highlights the need to extend evaluation periods and increase risk tolerance to encourage early and small investments in innovative sectors [1][2] - As of 2023, China has established 2,086 government-guided funds with a target scale of approximately 12.19 trillion yuan and a subscribed scale of about 7.13 trillion yuan [1] Group 2 - The State Council has issued guidelines to promote high-quality development of government investment funds, encouraging the development of venture capital funds with relaxed government contribution ratios and extended fund duration [2] - A fault tolerance mechanism is proposed to create an environment that encourages innovation and tolerates failure, focusing on a comprehensive evaluation system rather than just annual profits or losses [2] Group 3 - Local reforms have been initiated, such as in Zhejiang, where venture capital funds can have a government contribution ratio increased and a maximum duration of 20 years to support long-term investments [3] - Shandong has raised the government contribution ratio for angel funds from 25% to 40%, and the combined contribution from provincial, municipal, and county governments from 40% to 60% of the fund size [3] Group 4 - Shandong's guiding funds allow for full profit transfer for investments in seed and early-stage technology projects, and they will not hold decision-making bodies accountable for losses due to uncontrollable factors [4] - Policies in Guangzhou and Shenzhen permit significant losses for individual projects, with Shenzhen establishing a 500 million yuan strategic direct investment fund for early-stage enterprises [4]

河南已设立24只省级政府投资基金 规模2268.7亿元 智通财经5月22日电，河南天使基金项目5月21日对接会在郑州举行。据了解，截至目前，河南共设立新 兴产业投资引导基金、创业投资引导基金、天使投资引导基金等24只省级政府投资基金。基金方案设立 规模2268.7亿元，基金累计到位规模1138.65亿元，累计直接投资项目1444个、投资金额785.02亿元。 ...

Fund Overview - The fund is named "PICC Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund" and is a contract-based open-end fixed income (mixed) securities investment fund [16][18] - The fund is managed by PICC Asset Management Co., Ltd. and the custodian is China Postal Savings Bank Co., Ltd. [1][44] Fund Offering Details - The fund will be publicly offered from June 3, 2025, to June 13, 2025, with a maximum fundraising limit of 5 billion RMB [4][22] - Single investor daily subscription amount is capped at 10 million RMB, with the possibility of adjustments by the fund manager [19][26] - The fund has a minimum subscription amount of 1 RMB through other sales institutions and 10,000 RMB through direct sales [3][26] Subscription and Account Opening - Investors must open a fund account with the registration institution to purchase the fund, and only one fund account is allowed per investor [6][28] - The fund's subscription process includes multiple steps, such as providing identification and completing necessary forms [29][34] Fund Management and Operation - The fund has a minimum holding period of 7 days, during which investors cannot redeem or transfer their shares [18] - The fund's initial share value is set at 1.00 RMB [18] Fund Registration and Verification - The fund must meet specific conditions, including a minimum of 200 investors and a total fundraising amount of at least 200 million RMB, to proceed with registration [22][42] - If the fundraising conditions are not met by the end of the fundraising period, the fund will be deemed unsuccessful, and investors will be refunded [43]

Group 1 - The company has approved the establishment of a private equity investment fund, Tianjin Ruiwu No. 2 Equity Investment Fund Partnership, with a target fundraising scale of 50 million yuan, in which the company plans to contribute 19 million yuan, accounting for 38% [1] - The fund has completed its registration and obtained a business license from the Tianjin Free Trade Zone Market and Quality Supervision Administration on May 20, 2025 [1] - The fund's main activities include private equity investment, investment management, and asset management, subject to registration with the Asset Management Association of China [1] Group 2 - The company will closely monitor the fund's subsequent progress and fulfill its information disclosure obligations in accordance with relevant regulations [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 [重要提示] 当发生部分确认时，末日A类基金份额投资者认购费率按照单笔认购申请确认金额所对应的费率计算， 末日认购申请确认金额不受认购最低限额的限制。最终认购申请确认结果以本基金登记机构的计算并确 认的结果为准。 1、前海开源研究驱动混合型证券投资基金（以下简称"本基金"、"基金"）的募集已获中国证监会2025 年5月9日证监许可[2025]1008号文注册。中国证监会对本基金募集的注册，并不表明其对本基金的投资 价值和市场前景做出实质性判断或保证，也不表明投资于本基金没有风险。 2、本基金是契约型开放式证券投资基金。 3、本基金的管理人和登记机构为前海开源基金管理有限公司（以下简称"基金管理人"），基金托管人 为中信证券股份有限公司。 4、本基金募集期为2025年5月26日至2025年6月6日，通过销售机构公开发售。基金管理人可根据认购的 情况适当调整募集时间，并及时公告，但最长不超过法定募集期限。募集期间，基金管理人可根据情况 变更或增减基金销售机构。 5、本基金的发售对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格 境外投资者以 ...

Group 1 - The core viewpoint of the news is the launch of a large-scale industrial investment fund group in Leshan, Sichuan, with a total scale of approximately 60 billion yuan [1] - The fund group aims to support the city's development strategy of "strengthening industry and promoting cultural tourism," and is designed to be a lever for development and a bridge for resource connection [1] - Five projects were signed during the event, with a total signing amount of 15.45 billion yuan [1] Group 2 - The Sichuan Provincial State-owned Assets Supervision and Administration Commission emphasized that the fund group is a strong measure to empower the development of characteristic advantageous industries [1] - Various fund management institutions and enterprises, including major players like Hillhouse Capital and GCL Group, participated in the launch event, indicating broad interest and potential collaboration opportunities [2]

过去一年多时间里，党中央、国务院对股权投资、创业投资作出重要指示和部署，密集出台了一系列支 持行业高质量发展的政策。5月14日，科技部等七部门联合发布的《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》也提到，发挥创业投资支持科技创新生力军作用，设立"国家创业 投资引导基金"。 21世纪经济报道记者 申俊涵 北京报道 一方面，国家层面对创业投资的重视程度不断提升。另一方面，创投行业正进入深度调整周期。根据中 国基金业协会数据统计，2024年全年私募股权及创业投资基金新设数量合计4143只，较2023年同期下降 44.1%。同时，新备案基金募资总额较2023年同期减少约三成。 在行业历史性低谷周期中，政府投资基金和国资基金起到重要的托底作用。数据显示，近年新备案的私 募股权及创投基金中，政府和国资出资占80%以上。 近年来，中国经济已由高速增长阶段转向高质量发展阶段，经济增长模式也从投资驱动、要素驱动逐渐 转向创新驱动。 从金融资源配置的角度来看，创新驱动的主体大多为中小企业，这些企业在早期阶段通常难以从传统金 融机构获得足够的资金支持。创业投资机构往往会更愿意承担风险，投资于那些尚未成熟但具 ...