（记者 胡玲） 每经AI快讯，有投资者在投资者互动平台提问：看到股吧里说，公司不仅母基金投资了沐曦，还通过 其他基金也有投资，所以不止1亿元。这个情况是否是真的？加在一起一共投资了多少？ 九安医疗（002432.SZ）9月30日在投资者互动平台表示，公司参与了50亿人民币的天开九安海河海棠科 创母基金的投资，公司出资不超过35.6亿元人民币或等值美元。根据沐曦科技2025年6月30日公开发布 于上交所的公开招股说明书，该母基金对沐曦科技直接投资1亿元，占其首次公开发行前总股本的 0.47%；此外，砺思星沐基金占沐曦首次公开发行前总股本的1.76%，母基金亦通过向子基金出资的方 式，由子基金天津砺思星棠海河创业投资合伙企业（有限合伙）（母基金占子基金份额47.08%），认 缴砺思星沐基金7.48%的份额。综上，母基金层面直接及间接持有沐曦科技首次公开发行前约0.53%的 股份。上述投资持股占比较小，不会对公司经营业绩带来重大影响。 ...

（原标题：全球创投风投白皮书：粤港澳大湾区加速成为全球重要科创投资中心） 首先，大湾区拥有强大的产业集群，尤其是在新一代信息技术、高端装备制造、生物医药等领域。以深 圳为代表的大湾区内地九市，形成了从基础研究、技术开发到产业化应用的完整创新链条，为创投机构 提供了丰富的优质项目源。 其次，香港作为国际金融中心，为大湾区的创投生态系统注入了强大的国际资本和专业服务。通过 QFLP(合格境外有限合伙人)、跨境理财通等机制，国际资本可以便捷地进入大湾区内地市场，投资于 前沿科技企业。同时，香港成熟的资本市场也为被投企业提供了重要的国际化退出渠道。 第三，政策支持和平台建设是推动大湾区创投发展的关键。从中央发布的《粤港澳大湾区发展规划纲 要》到广东省和深圳市等地方政府出台的专项政策，都在积极营造有利于创投发展的生态环境。例如， 深圳前海、广州南沙、珠海横琴等重大合作平台，通过税收优惠、人才补贴、资金奖励等措施，成功吸 引了大量境内外知名创投机构入驻，形成了显著的集聚效应。2025年4月，广东省人民政府办公厅印发 《广东省进一步促进创业投资高质量发展行动方案》，从省级层面为创投发展提供系统性支持。 关于粤港澳地区的宏观 ...

来源 | 投资家网、投资家研究院 2025年，中国股权投资行业在经历深度调整后，呈现结构性回暖态势。 首先，募资市场全面回暖。2025年上半年，中国境内新募集基金数量和规模同比上升12.1%、12%，二 季度股权类基金备案量同比增幅超35%。这波回暖主要来自国资、人民币基金LP的持续强势，国资背景 的引导基金、险资、AIC等合计贡献了超65%人民币基金募资额。人民币基金持续强势背后是，国家进 一步强化科创投资。国资背景LP基金聚焦半导体、高端制造、人工智能等战略新兴产业，硬科技集中 度超70%，科技投资火爆反哺募资市场回暖。 其次，IPO火爆并购活跃。2025年，IPO市场异常热闹，激活了退出流动性，境内外上市中企融资额同 比上升160.6%。A股方面，科创板重启未盈利企业上市通道，提升了企业去A股IPO的积极性。港股方 面，"A+H"模式热度攀升，港交所发布"科企专线"对股权投资行业带来重大利好，企业IPO热情高涨， 科技投资周期缩短，市场逐渐升温。除了IPO市场，并购交易同样升温。2025年上半年，中国并购市场 披露交易4323起，同比增长4.17%。 募资回暖，退出活跃，也使得股权投资行业结构再次变化， ...

Group 1 - The core point of the article is the establishment of the Hubei Chutian Fengming Science and Technology Seed Investment Fund with a total investment of 3 billion yuan [1] - The fund's operational scope includes private equity investment fund management and venture capital fund management services [1] - The fund is co-funded by Hubei Investment Guidance Fund Co., Ltd. and other contributors [1]

人民财讯8月15日电，企查查APP显示，近日，湖北省楚天凤鸣科创种子投资基金合伙企业(有限合伙)成 立，出资额30亿元，经营范围包含：私募股权投资基金管理、创业投资基金管理服务。企查查股权穿透 显示，该企业由湖北省投资引导基金有限公司等共同出资。 ...

Core Viewpoint - The emergence of "first stocks" in various sectors from Wuhan highlights the city's commitment to fostering innovation and creating a supportive ecosystem for technology-driven companies [5][12]. Group 1: First Stocks from Wuhan - The first domestic database stock, Dameng Data, was listed in June 2024 [1][17]. - The first esports stock, Xingjing Weiw, was listed in July 2024 on NASDAQ [2][19][20]. - The first interactive AI stock, Voicecom, was listed in July 2024 on the Hong Kong Stock Exchange [3][22][23]. - The first intelligent driving chip stock, Hezhima Intelligent, was listed in August 2024 on the Hong Kong Stock Exchange [4][26][27]. - The first intelligent time-series data stock, Yuanguang Technology, was listed in June 2024 [5]. Group 2: Investment Ecosystem in Wuhan - The government of Wuhan has established funds to support early-stage technology companies, focusing on "early investment, small investment, hard technology" [8]. - The Wuhan government aims to create a long-term investment environment, with funds having a maximum duration of 15 years to support startups through their development phases [10][12]. - The city plans to establish over 50 specialized technology financial institutions and increase the scale of equity investment funds to over 300 billion yuan by 2027 [13]. Group 3: Challenges and Support for Startups - Startups face significant challenges, including funding, talent, location, and market access, often referred to as the "valley of death" [10]. - The Wuhan government is working to improve the investment ecosystem by allowing for a certain level of loss in seed and angel funds, thus providing a safety net for investors [11]. - The focus is on nurturing small enterprises to grow into larger, sustainable businesses through patient capital and supportive policies [12][13].

Group 1 - The core viewpoint emphasizes the need for patience in capital investment within the hard technology sector, particularly in brain-computer interface (BCI) development, contrasting it with past internet investment strategies [2][4] - The brain-computer interface industry has seen rapid development, with an increase in startups and significant attention from top investors, particularly in Shanghai, which is establishing itself as a key innovation center [3][4] - Brain Tiger Technology, founded by Professor Tao Hu, has emerged as a leading company in the invasive brain-computer interface sector, receiving substantial support from local government and recognition at major events [3][5] Group 2 - Investment in hard technology should not be measured by short-term returns typical of internet investments; instead, it requires a long-term vision and stable support to navigate the lengthy cycles of technology validation and market cultivation [4] - Recent breakthroughs in real-time Chinese language decoding and motion decoding by Brain Tiger Technology have positioned it at the forefront of international technology, garnering special coverage in the academic journal Nature [5] - The company aims to build a world-class team focused on brainwave modeling and decoding algorithms, leveraging the latest AI technologies to enhance its competitive edge against other players like Neuralink [5]

Group 1 - Chen Tianqiao, a prominent entrepreneur and philanthropist, emphasizes the rapid development of the brain-computer interface (BCI) industry in China, particularly in Shanghai, which is becoming a technology center for this field [2][3] - Brain Tiger Technology, founded by Tao Hu, is recognized as a leading company in China's invasive BCI sector, having received significant support from local government and institutions [3][8] - The company has achieved notable accolades, including the highest award at the World Artificial Intelligence Conference, highlighting its impact in the industry [3] Group 2 - Chen Tianqiao advocates for a patient investment approach in the hard technology sector, contrasting it with the fast-paced returns typical of internet investments [4][5] - He cites Neuralink as an example of a company that took years to generate revenue, underscoring the need for long-term support in BCI development [4] - The investment community is encouraged to provide stable backing for innovative companies like Brain Tiger, focusing on understanding the industry and technology rather than seeking immediate returns [4][5] Group 3 - The rise of hard technology has brought attention to scientists starting their own ventures, although some face challenges in commercialization and management [6][7] - Chen Tianqiao highlights the importance of a supportive innovation ecosystem for scientists transitioning to entrepreneurship, beyond just financial backing [9] - Recent breakthroughs by Brain Tiger in real-time language and motion decoding have been recognized internationally, showcasing the company's technological advancements [8][9]

Core Viewpoint - The establishment of a private equity fund focused on technology innovation with a total investment of 2 billion RMB indicates a growing interest in supporting tech startups and innovation-driven companies in the market [1] Group 1: Fund Details - The newly formed private equity fund is named Shenzhen Deep Investment Control Gongrong Technology Innovation Private Equity Fund Partnership (Limited Partnership) [1] - The fund's managing partners include Shenzhen Investment Control Capital Co., Ltd. and ICBC Capital Management Co., Ltd. [1] - The fund's operational scope encompasses private equity investments, investment management, and asset management activities [1] Group 2: Investment Contributors - The fund is jointly funded by ICBC Financial Asset Investment Co., Ltd., Shenzhen Investment Control Bay Area Equity Investment Fund Partnership (Limited Partnership), and Shenzhen Luohu Investment Holding Co., Ltd. [1] - The total contribution to the fund amounts to 2 billion RMB, highlighting significant financial backing from multiple entities [1]

Group 1 - The core strategy of Jiangcheng Fund is to invest 1 billion yuan over three years, targeting 100 local technology innovation seed enterprises annually [1] - Jiangcheng Fund recently invested in a semiconductor advanced materials company, emphasizing the importance of the founding team's reliability, clear goals, and strong execution capabilities [3] - The fund aims to nurture 20 specialized and innovative enterprises, 5 to 8 potential public companies, and 1 to 3 listed companies, supporting the entire process from incubation to capital market listing [3] Group 2 - The establishment of the Jiangcheng Chuangzhi Fund with a total scale of 500 million yuan in November 2024 focuses on local technology innovation seed enterprises, identifying 364 quality projects [4] - Jiangcheng Fund has completed internal investment decision processes for 13 companies, with a total investment exceeding 30 million yuan, covering various sectors including chip design and advanced packaging [4] - The "10 billion 100 enterprises venture capital plan" launched in April aims to address the market investment gaps in seed, angel, and venture capital stages, promoting local technological innovation and industrial upgrading [4]