将投中网设为"星标⭐"，第一时间收获最新推送 截止时间：2025年8月29日（本周五）24:00。 来源丨 投中网 二十年见证，与时代投资人同行。自2005年首次发布以来，"投中榜"已伴随中国股权投资行业走过 二十年风雨历程，成为见证和推动中国私募股权市场发展的重要标志。 日前，投中信息已正式启动 "2025年度投资人榜单""2025年度有限合伙人榜单"及"2025年度国有资 本榜单" 评选活动。本届评选将延续投中信息独立、客观、专业的评审原则，依托投中嘉川 CVSource数据系统深度洞察，结合数百家机构的问卷调研与专业评审，多维度评估，致力于在资本 新周期中为行业寻找引领创业投资新趋势的标杆力量。 投中2025年度投资人榜单 ，将围绕投资表现、退出能力、在管项目质量及行业影响力四大维度展开 评选，全面衡量投资人在不确定性环境中的战略定力与专业能力。值得关注的是，今年的榜单将持续 深耕细分赛道，聚焦人工智能与大数据、半导体与集成电路、先进制造与碳中和等前沿领域，以更精 细化的评选标准，寻找那些既能精准把握投资机遇，又能为被投企业带来长期价值的投资人。 投中2025年度有限合伙人榜单 ，将从管理规模、投资活跃 ...

Core Viewpoint - The China International High-Tech Achievements Fair (referred to as the High-Tech Fair), known as "China's First Technology Exhibition," will be held from November 14 to 16, 2025, in Shenzhen, showcasing advancements in high-tech industries and facilitating global technology transactions [1]. Group 1: Event Overview - The High-Tech Fair has been successfully held for 26 sessions since its inception in 1999, becoming a significant platform for China's high-tech sector and innovation [1]. - The 27th High-Tech Fair will focus on a market-oriented exhibition concept, with an exhibition area planned to reach 400,000 square meters, inviting renowned technology companies from over 100 countries and regions [1]. Group 2: Exhibition Focus - The fair will cover various cutting-edge fields, including national key projects, artificial intelligence, smart manufacturing, robotics, semiconductors, clean energy, and more, showcasing the latest technological achievements and innovative solutions [1]. - Specific exhibition areas will include national key equipment, technology giants' industrial chains, international technology achievements, and sectors like low-altitude economy and data industry [1]. Group 3: Participation and Investment - Over 5,000 well-known companies, including China National Petroleum, China Petroleum & Chemical, Huawei, BYD, and Xiaomi, are expected to participate with significant technological equipment and innovative products [2]. - The total intended investment from participating investment institutions has exceeded 1 billion yuan, covering all stages of capital investment from angel rounds to Pre-A rounds [2].

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report The report comprehensively presents the overnight market trends of international and domestic futures, important macro - economic and industry - related news, and the trends and investment outlooks of financial markets at home and abroad. It also provides information on upcoming economic data releases and events. Summary by Directory Overnight Night - Market Futures Trends - International precious metal futures rose slightly, with COMEX gold futures up 0.11% at $3346.5 per ounce (weekly gain of 1.79%) and COMEX silver futures up 0.14% at $37.135 per ounce (weekly gain of 2.1%) [2] - International oil prices declined, with the US oil main contract down 0.75% at $66.5 per barrel (weekly gain of 1.5%) and the Brent oil main contract down 0.42% at $68.51 per barrel (weekly gain of 2.56%) [3] - London base metals closed lower, with LME nickel down 1.24% at $15260 per ton (weekly gain of 0.1%), LME copper down 1.03% at $9852 per ton (weekly loss of 0.26%), and LME zinc down 0.55% at $2735.5 per ton (weekly loss of 1.57%) [3] - Most domestic futures main contracts fell, with butadiene rubber down over 2%, 20 - number rubber (NR) down over 1%, and soda ash, rubber, and fuel oil down nearly 1%. Styrene (EB), cotton, rapeseed meal, cotton yarn, and caustic soda rose slightly [3] Important News Macroeconomic News - As of July 4, the Shanghai Export Containerized Freight Index dropped 98.02 points compared to the previous period, and the China Export Containerized Freight Composite Index fell 1.9% [5] - Trump plans to impose tariffs ranging from 60% - 70% and 10% - 20% on different countries starting August 1 [6] - After the China - US London economic and trade talks, both sides confirmed details of implementing the consensus of the leaders' call on June 5 and consolidating the Geneva talks results. The two teams are accelerating the implementation of relevant results [6] - Maersk estimates that the average effective tariff rate for goods shipped to the US is 21%, lower than the peak of 54% before the US suspended reciprocal tariffs in April [7] - In June, the national futures trading market turnover was 739579418 lots, with a trading volume of 527934.14 billion yuan, up 28.91% and 17.25% year - on - year respectively [7] - The technical part of the China - EU electric vehicle negotiation is basically completed, pending the EU's political will [9] Energy and Chemical Futures - The CSRC approved the registration of propylene futures and options at the Zhengzhou Commodity Exchange and will supervise its preparations [11] - OPEC's oil production increased in June after the production - increase agreement, with Saudi Arabia having the largest increase and Iraq's production below the target. OPEC + agreed to increase daily production by 548,000 barrels in August [11] Metal Futures - The Indonesian Nickel Miners Association requested the government to keep the mining quota validity period at three years [13] - In June, Chile's copper exports were 150,295 tons, and copper ore and concentrate exports were 1,126,625 tons. Shipments to China were 29,990 tons and 809,837 tons respectively [15] - Due to frequent train derailments in South Africa, the manganese ore reserves shipped to China in July decreased [15] Black - Series Futures - The Ministry of Housing and Urban - Rural Development conducted research in Guangdong and Zhejiang, emphasizing the importance of promoting the stable and high - quality development of the real estate market [17] - In late June 2025, the national daily crude steel output was 2.75 million tons (down 0.9% month - on - month), pig iron output was 2.38 million tons (up 0.3% month - on - month), and steel output was 4.21 million tons (up 1.3% month - on - month) [17] - As of July 4, the total iron ore inventory at 35 ports in China reached 137.13 million tons, an increase of 210,000 tons from the previous week [17] - The blast furnace operating rate of 247 steel mills was 83.46%, down 0.36 percentage points from the previous week [18] - The total urban inventory this week was 7.2366 million tons, up 81,400 tons (1.14%) from the previous week [20] Agricultural Product Futures - In June, the global food price index rose 0.5% month - on - month, and the global grain output in 2025 is expected to reach 2.925 billion tons, up 0.5% from the previous estimate [22] - Malaysia's palm oil production in June decreased by 4.69% [22] - As of the week of July 4, the self - breeding and self - raising pig farming profit was 119.72 yuan per head, and the profit from purchasing piglets for farming was a loss of 26.26 yuan per head [22] - From June 28 to July 4, the actual soybean crushing volume of oil mills was 2.3322 million tons, with an operating rate of 65.56%, higher than the estimate [22] Financial Market Finance - In 2025, the Hong Kong stock market is booming, with about 200 IPO applications received, double the number at the beginning of the year [24] - The market environment now resembles that at the end of 2014, and sectors like non - ferrous metals, AI hardware, innovative drugs, games, and military industries may be the focus during the interim report season [25] - Many star private equity firms are positive about the stock market in the second half of 2025. They are optimistic about technology - related investment opportunities [25] - Last week, A - shares had a good start in July. The market is expected to fluctuate upwards, and attention is paid to the interim report season [26] - As of July 6, 54 A - share listed companies disclosed their semi - annual performance forecasts, showing good profitability [26] - As of July 6, 688 listed companies received bank loans for stock repurchase and increase, with a total loan limit exceeding 135.86 billion yuan [26] - Well - known fund managers adjusted their positions in the medical and military sectors in the first half of the year [28] - Huadian New Energy will be subscribed for on July 7, with an expected fundraising of about 15.801 billion yuan [28] Industry - Shenzhen introduced measures to support the semiconductor and integrated circuit industry and set up a 5 - billion - yuan private equity fund [29] - As of now, the national wheat purchase has exceeded 50 million tons, and the expected new - season summer grain purchase is about 100 million tons [29] - As of the end of the first half of the year, the total market value of public REITs exceeded 200 billion yuan, and most products had positive returns [29] - Guangdong issued a guidance on resolving historical issues of real estate registration on state - owned construction land [30] - The Hangzhou Bay Embodied Intelligence Innovation Center was launched, simulating six types of industrial scenarios [31] - Chongqing issued policies to support the high - quality development of the science and technology film and television industry, with subsidies of up to 10 million yuan [31] - In the past month, the prices of the white - feather broiler industry chain have dropped significantly [31] Overseas - The 17th BRICS Leaders' Summit opened in Rio de Janeiro, covering six major topics [32] - Putin proposed building an independent settlement and custody system and expanding local - currency settlement within BRICS [32] - Musk said his new party will participate in elections next year [33] - South Korea's special inspection team requested the court to detain former President Yoon Suk - yeol [35] - In June, the global manufacturing PMI was 49.5%, up 0.3 percentage points from the previous month, indicating a slight economic recovery [35] International Stock Markets - CFRA Research raised the target price of the S&P 500 index, expecting it to reach 6850 points in 12 months [36] - US stock funds had a net inflow of $31.6 billion last week, but Bank of America warns of a bubble risk in the US stock market [36] - After Musk announced the new party, Azoria postponed the listing of its Tesla ETF [36] - Jane Street Group was banned from the Indian market, and 48.4 billion Indian rupees (about 4 billion yuan) of illegal income will be confiscated [36] Commodities - In the first half of the year, the national futures market was active, with double - digit growth in trading volume. Gold led the commodity futures market, and precious metals accounted for 17.61% of the national market turnover [37] Bonds - Japan's International Cooperation Agency will issue "Africa・TICAD Bonds" in August, with a total issuance of about 23 billion yen for African infrastructure and education [39] Upcoming Economic Data and Events - Economic data to be released include Japan's June foreign exchange reserves, Germany's May industrial output, etc. [41] - Events include 331.5 billion yuan of reverse repurchases expiring in the Chinese central bank's open market, and the implementation of the rules for program trading in the Shanghai, Shenzhen, and Beijing stock exchanges on July 7 [43]

Core Insights - ZhenFund ranked first in the "2024 Annual Top 50 Best Early-Stage Venture Capital Institutions in China" by 投中信息 [1][5] - The ranking is based on a comprehensive evaluation of over a thousand active institutions, highlighting ZhenFund's significant influence in the venture capital landscape [4][5] Group 1: Rankings and Recognition - ZhenFund received recognition in four categories, including being the top early-stage venture capital institution [5] - Other notable rankings for ZhenFund include being in the "Top 10 Best Return Early-Stage Venture Capital Institutions" and "Top 30 Best Investment Institutions in Digitalization and Information Industry" [5] - ZhenFund's portfolio companies also achieved recognition, with several listed in the "Top 10 Best Investment Cases" across various sectors [16] Group 2: Fund Management and Investment Cases - ZhenFund manages over ¥12.4 billion, with notable investments in companies like Xiaohongshu and Yixian E-commerce [3] - The second-ranked institution, BlueRun Ventures, manages over ¥15 billion, with investments in companies such as Li Auto and Qingyun Technology [3] - Other institutions in the top rankings include Halong Capital and Ming Shi Venture Capital, managing approximately ¥10 billion and ¥13.7 billion respectively [4]