标的基金主要聚焦于合成生物、新能源、新材料、特种化学品、节能环保和高端装备制造等战略性新兴 产业领域子基金或项目投资。 滨化股份（601678）(601678.SH)发布公告，公司与子公司横琴长悦于2025年12月23日与滨州国投国富 私募基金管理有限公司(简称"国投国富基金")、滨州国投投资管理集团有限公司(简称"国投投资管理集 团")签署了《滨州北鲲领航创业投资基金合伙企业(有限合伙)之合伙协议》。标的基金总规模4亿元，公 司作为有限合伙人以自有资金认缴出资1.99亿元，横琴长悦作为普通合伙人/执行事务合伙人以自有资 金认缴出资100万元。国投投资管理集团作为有限合伙人认缴出资1.99亿元，国投国富基金作为基金管 理人/普通合伙人/执行事务合伙人认缴出资100万元。 ...

Core Viewpoint - The People's Bank of China and 12 other departments have issued a plan to enhance and expand consumption in Beijing, emphasizing the development of equity financing for quality enterprises in the consumption industry chain [1] Group 1: Financial Support Measures - The plan encourages quality enterprises in production, channels, and terminal sectors of the consumption industry to raise funds through methods such as public listings and "New Third Board" listings [1] - It aims to guide social capital to increase investments in key areas of service consumption, utilizing "long-term capital" and "patient capital" to meet the financing needs of long-cycle consumption industries [1] Group 2: Investment Focus - The initiative highlights the role of private equity investment funds and venture capital funds in increasing equity investments in seed-stage and early-stage enterprises [1]

Group 1 - The meeting highlighted that China's economy has shown resilience and vitality despite facing challenges, with new positive developments emerging [2] - Experts and entrepreneurs provided suggestions for better implementation of macro policies and addressing current issues [2] - Li Qiang emphasized the importance of a broader perspective in understanding the current economic situation, particularly in relation to the five-year plan and the long-term trends of economic development [2][3] Group 2 - Li Qiang called for enhanced counter-cyclical adjustments and effective implementation of total policies to stimulate economic growth [3] - There is a focus on expanding domestic demand and strengthening the domestic circulation, with measures to boost consumption and effective investment [3] - The government aims to create a favorable industrial ecosystem, promote cooperation among businesses, and accelerate the transformation of technological achievements [3]

Core Viewpoint - The meeting chaired by Premier Li Qiang on October 14 emphasized the resilience and vitality of China's economy despite facing challenges, highlighting the importance of macroeconomic policies and the need for effective implementation to achieve economic goals [1][2]. Group 1: Economic Performance - Experts and entrepreneurs noted that China's economy has shown strong resilience and progress this year, with new bright spots emerging despite ongoing difficulties [1]. - The meeting acknowledged the accumulation of favorable factors that could support economic recovery and growth [1]. Group 2: Policy Implementation - Li Qiang stressed the need for effective counter-cyclical adjustments and the continuous implementation of total policies to enhance development momentum [2]. - There is a focus on expanding domestic demand and strengthening the domestic circulation, with an emphasis on effective investment and consumption measures [2]. Group 3: Industry Development - The meeting called for creating a first-class industrial ecosystem, addressing issues of disorder and irrational competition within industries, and promoting cooperation among businesses of all sizes [2]. - There is a push for accelerating the transformation of technological achievements and developing venture capital funds to foster an innovative ecosystem [2]. Group 4: Foreign Trade and Investment - Support for stabilizing foreign trade and investment was highlighted, along with the need to explore diversified markets and improve overseas service systems [2]. - The implementation of significant foreign investment projects was also encouraged to enhance economic growth [2].

Core Viewpoint - Guotai Chuangling (Shanghai) Private Fund Management Co., Ltd. has officially completed its private fund manager registration as of September 30, 2025, with Dong Xiaoliang, a veteran with nearly 30 years of financial experience, serving as the legal representative [1][3]. Company Overview - Guotai Chuangling Private Fund was established on July 25, 2023, with a registered capital of 20 million yuan, located in Jiading, Shanghai, and currently employs 8 full-time staff [1][2]. - The company is controlled by Xiamen Guotai Capital Group Co., Ltd., which holds a 51% stake, while Guotai Chuangling (Shanghai) Investment Co., Ltd. holds 49% [2]. Management Team - Dong Xiaoliang, the legal representative, has extensive experience across various financial sectors, including futures, securities, and funds, and has held multiple managerial positions in financial institutions [3][5]. - The core team combines "state-owned enterprise genes" with "market experience," including General Manager Gong Jiaxin, who has 15 years of experience and has held significant roles within Xiamen Guotai Group [5].

Core Viewpoint - The People's Bank of China and seven other departments issued guidelines to enhance financial support for new industrialization, focusing on collaboration between large banks and national-level industrial funds in the manufacturing sector [1] Group 1: Financial Support Initiatives - The guidelines emphasize the need for large banks to cooperate with national-level industrial funds to provide comprehensive financial services to advanced manufacturing clusters and specialized industries of small and medium-sized enterprises [1] - Support is also directed towards the establishment of venture capital funds in these industrial clusters [1] Group 2: Market Development - The guidelines call for the high-quality development of regional equity markets, specifically targeting specialized and innovative companies [1] - There is a focus on enhancing the cultivation and professional services for companies aiming to go public [1]

Core Viewpoint - The People's Bank of China and seven other departments issued guidelines to support new industrialization through financial means, emphasizing collaboration between venture capital funds and various institutions to enhance technology transfer and industrialization [1] Group 1: Financial Support for New Industrialization - Encouragement for venture capital funds to collaborate with national manufacturing innovation centers, universities, incubation platforms, and public service institutions for SMEs to facilitate technology transfer and industrialization [1] - Development of secondary market funds for venture capital, optimization of share transfer processes, and pricing mechanisms to promote synergy between regional equity markets and venture capital funds [1] Group 2: Investment and Innovation Models - Support for incubation institutions to explore direct investment, fund models, property rental equity stakes, and service exchange for equity in invested enterprises [1] - Promotion of innovative insurance business models through collaboration between insurance institutions and pilot testing organizations [1]

Core Viewpoint - The Guangdong provincial government has issued measures to enhance market vitality and accelerate the construction of a modern industrial system, focusing on building a robust industrial fund system with a total scale exceeding 1 trillion yuan [1] Group 1: Industrial Fund System - The province aims to integrate resources to establish industrial investment and venture capital funds with a total scale exceeding 1 trillion yuan, with provincial funds exceeding 100 billion yuan [1] - The initiative will leverage state-owned capital to attract social capital, creating an effective investment system that includes angel investment, venture capital, private equity investment, corporate mergers and acquisitions, and S funds [1] - The focus will be on early-stage, small-scale, future-oriented investments, particularly in hard technology [1] Group 2: Investment Cooperation and Project Introduction - The government plans to actively connect with overseas sovereign funds and internationally renowned investment institutions, aiming to facilitate over 100 investment cooperation projects annually [1] - The "Yue Investment, Yue Introduction" project roadshow initiative will introduce 1,000 high-growth projects each year [1] - Local cities are encouraged to establish specialized industry funds based on their specific circumstances [1]