炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：母基金研究中心 对股权投资行业而言，2025年是行业继续深化调整的一年，机遇与挑战并存。 今年的政府工作报告中特别提到"健全创投基金差异化监管制度，强化政策性金融支持，加快发展创业 投资、壮大耐心资本"；而后国办发布的《关于做好金融"五篇大文章"的指导意见》中，不仅再次明确 支持发展股权投资、创业投资、天使投资，也切中行业"痛点"，强调优化私募股权和创业投资基金"募 投管退"制度体系，并在退出渠道畅通方面有所安排（上市、并购）。 当前，股权投资行业正在加强投早、投小、投长期、投硬科技，以耐心资本培育更多企业的科技创新。 新形势下，股权投资行业正在开启新格局。 在此背景之下，母基金研究中心（www.china-fof.com，下同）根据已有的数据支撑与研究分析，正式发 布2025年度榜单，以此鼓励私募股权母基金与基金行业的优秀机构与人才，促进股权投资行业的健康发 展。 母基金研究中心提醒：榜单力求最大限度的公平公正，且仅作为参考，并不构成投资者的投资依据；投 资者在做投资决策时，应该谨慎判断和识别风险。 母基金研究中心2025年度榜 ...

Core Viewpoint - Beijing is implementing a set of 16 measures to promote the development of future industries, focusing on innovation, enterprise generation, and large-scale development to support the city's new productive forces [2] Group 1: Financing and Investment - The new policy aims to create a forward-looking, targeted, and inclusive investment and financing service system, requiring that the funding proportion from key sectors like technology and economy for future industries be no less than 20% [2] - The government encourages local and state-owned investment funds to increase their investments in future industries, allowing for normal investment risks and not solely relying on single project or annual profit and loss as evaluation criteria [2][3] - The policy promotes the establishment of a financial support system that combines equity, loans, and guarantees, encouraging various funds to invest early, in small amounts, long-term, and in hard technology [3] Group 2: Support for Innovation and Technology - The new measures emphasize the need for full-cycle investment in future industries, supporting cross-field technology collaboration and increasing R&D investment by enterprises [3] - A gradient development mechanism covering prototype design, concept verification, and pilot samples will be established to encourage the first purchase and trial of innovative products, with subsidies for nationwide first-time use [3] - The city plans to set up benchmark incubators around key universities and research institutions to support cutting-edge technology innovation and results transformation [3][4] Group 3: Policy and Infrastructure Development - Beijing will accelerate the layout of future industry pilot zones and explore policies for early adoption, concentrating resources for the development of new bases for future industries [4] - The city will explore methods such as patent pre-examination to expedite high-quality patent reviews and promote the construction of patent pools in specific fields [4]

Group 1 - The core viewpoint of the article is that the China International Science and Technology Promotion Association has successfully obtained special consultative status from the United Nations, which allows it to participate in UN affairs and provide professional advice [1][3]. Group 2 - The special consultative status granted by the UN Economic and Social Council (ECOSOC) allows non-governmental organizations to engage in UN activities, submit reports, and participate in policy discussions [3][4]. - Organizations with special consultative status can attend UN meetings, submit recommendations, participate in policy formulation, make statements, and enhance international cooperation [4]. Group 3 - The Mother Fund Research Center has officially launched the 2025 special list evaluation, aiming to encourage outstanding institutions and talents in the private equity fund industry [5]. - The 2025 special list will be released in July, based on existing data and research analysis, to promote the healthy development of the equity investment industry [5]. Group 4 - The 2025 40U40 Outstanding Young Investors list has been announced, along with the 2024 China Mother Fund Panorama Report [9].

Core Insights - The Forbes Midas List for 2025 has been released, highlighting the world's best venture capital investors, with Neil Shen from Sequoia China ranking fourth, being the only Chinese investor in the top ten [2][3]. Group 1: Notable Investors - Alfred Lin from Sequoia ranks first, followed by Reid Hoffman from Greylock Partners in second, and Peter Thiel from Founders Fund in third [1]. - Neil Shen has previously topped the Midas List four times, showcasing his significant influence in the investment landscape [2]. - Other notable Chinese investors include Liu Qin from Five Sources Capital at 12th place and Cao Yi from Source Code Capital at 29th place [3]. Group 2: Investment Focus - In recent years, Neil Shen has increased investments in sectors such as renewable energy, consumer goods, and fintech, with notable investments in companies like Vision Energy, Pop Mart, and TradingView [3]. - Sequoia China is actively exploring opportunities in overseas markets, particularly in the Asia-Pacific and Europe, to support innovative companies with market-changing potential [3]. Group 3: Future Initiatives - The Mother Fund Research Center has initiated the 2025 special list evaluation, aiming to promote excellence in the private equity fund industry and encourage healthy development within the sector [4].