Core Insights - Shenzhen-based investment firm, Shenzhen Shenjihongtu Venture Capital Partnership (Limited Partnership), has been established with a capital contribution of 97.95 million yuan [1] - The firm's business scope includes venture capital limited to investments in unlisted companies and investment activities using its own funds [1] - The company is co-owned by Huifeng Diamond and Li Tifeng among others [1]

斯 STAFF a l :: 科技创 III 152 6 《中共中央关于制定国民经 个五年规划的建议》提出 展创业投资" 当前，新一轮科技革命和7 现技术创新快、融合赋能饮 特点，对金融行业支持科 为迫切的要求。而创业投往 型企业的"最先一公里" 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，"创新监管方式，发展创业投资"。 当前，新一轮科技革命和产业变革加速突破，呈现技术创新快、融合赋能快、产业升级快的突出特点，对金融行业支持科技创新提出了更高和更为迫切的要 求。而创业投资是资本市场服务科技型企业的"最先一公里"。 新华社发 王威 作 新华社图表，北京，2025年12月3日 ...

（原标题：光谷创投集团将于年底前完成组建） 经济观察网 程久龙 实习生 雷宇 12月3日，经济观察网从武汉市东湖高新区（以下简称"光谷"）获悉，光谷即将新组建专业化、市场化创投集团， 打造矩阵式"光谷资本"体系，赋能科技创新和产业创新。 据介绍，光谷创投集团将于年底前完成组建。作为光谷"投早、投小、投长期、投硬科技"国有创投资本专业化运作主体和"光谷资本"品牌的实施 主体，光谷创投集团将与现有区级国有企业共同构建覆盖企业全生命周期的国有创投资本支持体系。 据经济观察网了解，光谷创新资源丰富，是武汉建设具有全国影响力的科技创新中心核心承载区，已有上市企业70家、高新技术企业5800多家， 企业总数突破16.5万家。光谷创投集团将围绕光谷光电子信息、生物医药、集成电路、智能制造等重点产业及人工智能、人形机器人、量子科技 等未来产业方向，采取市场化的决策机制、激励机制和运营模式开展运营。 ...

Core Viewpoint - Nanjing Gaoke Co., Ltd. has announced the extension of the operational period of its venture capital partnership, Nanjing Gaoke Venture Capital Partnership (Limited Partnership), to December 2028, due to the current market environment and the fund's operational status [1][3]. Summary by Sections Basic Information Overview - The company established the Nanjing Gaoke Venture Capital Partnership in October 2020, with a total subscribed capital of RMB 100 million [2]. - The fund has made investments in 21 projects in sectors such as biomedicine and semiconductor materials, with a total investment of RMB 694 million [2]. - The fund's original term was set to expire in December 2025, but due to incomplete capital investment and ongoing projects, the term has been extended by three years [2]. Impact of Fund Extension - The extension aims to ensure stable operations of the fund and enhance overall returns, aligning with the fundamental interests of all shareholders [3]. - The company will encourage the fund manager to improve the selection of quality projects and actively manage the exit of invested projects to boost fund returns [3].

创业投资是资本市场服务科技型企业的"最先一公里"。在国内大型创投机构深创投集团有关负责人看 来，科技型企业具有研发投入高、成长周期长、成果转化难度大等特征，而创业投资可以为企业提供启 动资金或早期发展的关键资金与资源赋能。 "发挥好创业投资功能，是资本市场加强对科技型企业全生命周期金融服务的重要一环。"该负责人表 示，推动创业投资发展壮大，有助于补齐资本市场服务企业全生命周期融资功能，为科技企业技术研发 提供持续的资金支持，助力企业加速实现技术商业化落地。 近年来，我国股权创投行业规模稳步增长。截至今年10月末，私募股权创投基金规模合计达14.74万亿 元，较"十三五"末增长27.46%。企业风险投资（CVC）、并购基金、私募股权二级市场基金（S基金） 相继兴起，股权投资业态更加丰富。 目前，创业投资投早、投小、投硬科技属性更加鲜明。截至今年二季度末，私募股权创投基金投资中小 企业项目数量占比达66.6%；投资初创科技企业项目数量占比达24.9%；投资高新技术企业项目数量占 比达47.9%。 就更好发挥创业投资功能，田利辉建议，对创业投资基金实施分类监管，支持S基金发展，拓宽耐心资 本来源，健全考核评价机制， ...

"发挥好创业投资功能，是资本市场加强对科技型企业全生命周期金融服务的重要一环。"该负责人 表示，推动创业投资发展壮大，有助于补齐资本市场服务企业全生命周期融资功能，为科技企业技术研 发提供持续的资金支持，助力企业加速实现技术商业化落地。 新华社北京12月2日电（记者刘羽佳）《中共中央关于制定国民经济和社会发展第十五个五年规划 的建议》提出，"创新监管方式，发展创业投资"。 当前，新一轮科技革命和产业变革加速突破，呈现技术创新快、融合赋能快、产业升级快的突出特 点，对金融行业支持科技创新提出了更高和更为迫切的要求。 南开大学金融发展研究院院长田利辉表示，创业投资"风险共担、利益共享"的特征，与科技创新的 风险特性高度适配。创业投资能够填补传统金融体系对早期科技项目的支持空白，引导人才、技术等要 素向创新领域集聚，构建良性创新生态，为培育新质生产力提供底层支撑。 创业投资是资本市场服务科技型企业的"最先一公里"。在国内大型创投机构深创投集团有关负责人 看来，科技型企业具有研发投入高、成长周期长、成果转化难度大等特征，而创业投资可以为企业提供 启动资金或早期发展的关键资金与资源赋能。 【纠错】 【责任编辑:吴京泽】 ...

企查查APP显示，近日，杭州萧电新能创业投资合伙企业（有限合伙）成立，出资额10亿元，经营范围 包含：创业投资（限投资未上市企业）。企查查股权穿透显示，该合伙企业由阳光电源（300274）旗下 杭州新能多策略创业投资合伙企业（有限合伙）、杭州萧山国际创业投资发展有限公司等共同持股。 （原标题：阳光电源等在杭州成立创投合伙企业，出资额10亿元） ...

Core Insights - The "15th Five-Year Plan" emphasizes the combination of an effective market and a proactive government, aiming to enhance the role of the market in resource allocation while improving government functions [1][2] - Financial markets are identified as crucial for capitalizing and securitizing resources, with local governments encouraged to develop unique financial service systems based on regional conditions and industrial structures [1][2] Group 1: Financial Market Development - The plan highlights the need for local governments to explore financial service systems that cater to local characteristics, focusing on five development models: regional financial centers, technology industry financial cycles, government investment banking, new financial service elements, and local specialty financial services [1] - The integration of technology, industry, and finance is essential for driving innovation, with local governments tasked with creating mechanisms to share risks associated with technological advancements [3][4] Group 2: Role of Local Governments - Local governments are encouraged to provide foundational support for major technological research and development, recognizing that early-stage innovation often requires stable funding that the market alone cannot provide [4] - Establishing government-led funds and investment initiatives is crucial to attract social capital into areas deemed high-risk or difficult to evaluate [4][7] Group 3: Shenzhen's Experience - Shenzhen serves as a model for creating a synergistic system of technology, capital investment, and industrial transformation, demonstrating effective integration of financial and technological services [5][6] - The city has developed a comprehensive service system that connects technology achievements with capital markets, enhancing the ability to assess and commercialize technological innovations [6][8] - Shenzhen's government investment fund system operates on a model of "government guidance, market operation, risk sharing, and profit sharing," which has successfully supported numerous technology enterprises and led to a significant number of companies going public [7][8]

Core Viewpoint - The company plans to establish a new investment fund, Shandong Kejin Jushi Venture Capital Partnership (Limited Partnership), with a total subscription scale of 400 million yuan, aiming to enhance its investment layout in life sciences, advanced manufacturing, and artificial intelligence sectors [2][5][25]. Summary by Sections 1. Investment Overview - The fund will have a total subscription scale of 400 million yuan, with the company contributing 148 million yuan, accounting for 37% of the total [2][23]. - The company's wholly-owned subsidiary, Shandong High-tech Venture Capital Co., Ltd., will act as the general partner and fund manager, contributing 2 million yuan (0.5%) [2][23]. - The company's associate, Shenzhen Huaxin Capital Management Co., Ltd., will also contribute 2 million yuan (0.5%) as a general partner [2][23]. - Another associate, Zibo High-tech Venture Capital Co., Ltd., will contribute 100 million yuan (25%) [2][23]. 2. Related Party Transactions - The investment constitutes a related party transaction as Huaxin Capital and Zibo High-tech are associated with the company [2][5][8]. - The transaction does not require shareholder approval as it does not exceed 5% of the company's latest audited net assets [3][6]. 3. Fund Details - The fund will have a duration of 5 years, with an investment period of 3 years and an exit period of 2 years [14]. - The fund will prioritize investments in high-quality projects nationwide, especially in Jinan and Zibo [17][18]. - The management fee will be capped at 2% per year during the investment period, with a minimum return rate of 6.5% per year for profit distribution [20][21]. 4. Impact on the Company - Establishing the fund is expected to strengthen the company's investment strategy in key sectors, aligning with its overall strategic goals [25]. 5. Approval Process - The related party transaction was reviewed and approved by the company's board of directors and independent directors, ensuring compliance with relevant regulations [27][30].

Group 1 - The company, Lushin Investment (600783.SH), announced the establishment of the KJJS Fund to enhance its investment in life sciences, advanced manufacturing, and artificial intelligence sectors [1] - The fund has a total subscription size of 400 million yuan, with the company contributing 148 million yuan, representing 37% of the total [1] - The company's wholly-owned subsidiary, Shandong High-tech Investment, will act as the general partner and fund manager, contributing 2 million yuan, which is 0.5% of the total [1] Group 2 - The company's affiliated firm, Shenzhen Huaxin Capital, will also serve as a general partner and contribute 2 million yuan, accounting for 0.5% of the fund [1] - Another affiliated company, Zibo High-tech Investment, will contribute 100 million yuan, making up 25% of the fund's total subscription size [1]