Core Viewpoint - Wuxi has transformed from a historical industrial city to a modern manufacturing powerhouse through the integration of industry and finance, supported by government policies and local investment institutions [9][10][17]. Group 1: Industrial Development - Wuxi has 211 listed companies, with 124 on the A-share market, contributing significantly to Jiangsu province's economy despite a population of less than 8 million [8]. - The city has developed a "465" modern industrial cluster focusing on IoT, integrated circuits, biomedicine, and software services, producing leading companies like WuXi AppTec and Changdian Technology [8][10]. - Wuxi's industrial evolution is marked by the establishment of key enterprises and the active role of state-owned investment institutions in nurturing these companies [10][11]. Group 2: Financial Integration - Local financial institutions have played a crucial role in supporting industrial growth, with Wuxi's state-owned investment firms actively participating in venture capital and equity investments [10][12]. - Wuxi Venture Capital Group, established in 2000, has invested in numerous companies, with 45 of its portfolio companies listed on domestic A-shares, including 13 on the Sci-Tech Innovation Board [11][12]. - The city has created a comprehensive financial ecosystem that includes various funding stages, from seed to private equity, facilitating the growth of over 110 listed companies [12][16]. Group 3: Policy Support - The local government has shifted from a leading role to a guiding one, providing essential support for companies navigating the capital market [17][18]. - Wuxi has implemented policies to promote mergers and acquisitions, with 15 projects completed in the first quarter of 2023, totaling 369.29 billion yuan [18][20]. - The city aims to become a hub for innovative mergers and acquisitions by 2027, with a target of completing at least 60 projects and achieving a total transaction volume exceeding 600 billion yuan [19][20].

Core Viewpoint - The company, Hailanxin (300065), has signed a partnership agreement with Jiangsu Bailian Zhigao Venture Capital Management Co., Ltd. and Nanjing Liuchuang Technology Development Co., Ltd. to establish the Liuhe Economic Development Zone Industrial Development Fund Partnership [1] Group 1 - The target subscription scale of the Liuhe Economic Development Zone Industrial Development Fund Partnership is set at RMB 300 million, with an initial fundraising scale of RMB 150 million [1] - The company plans to invest RMB 28.5 million as a limited partner to subscribe for fund shares of the partnership [1] - The investment aims to enhance industrial synergy and promote effective integration of industry and capital, and it does not constitute a related party transaction or a major asset restructuring [1]