Group 1 - Chongqing Liangjiang Xincheng Semiconductor Private Equity Investment Fund Partnership (Limited Partnership) has been established with a capital contribution of 1 billion RMB, focusing on equity investment through private equity funds [1][2] - The fund is co-invested by Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund Partnership (Limited Partnership) and others [1][2] - The fund's business scope includes engaging in equity investment as a private equity fund, subject to relevant approvals [2] Group 2 - The fund is registered in Yubei District, Chongqing, with a business duration from July 30, 2025, to January 2035 [2] - The main partners include Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund Partnership (69.90% stake), Nantong Wanye Technology Development Co., Ltd. (29.90% stake), and Chongqing Chengyun Enterprise Management Co., Ltd. (0.10% stake) [2] - The fund is classified under the national standard industry of leasing and business services [2]

Overview - The company is entering into a partnership to establish a private equity investment fund aimed at diversifying its investment channels and obtaining long-term returns [3][47]. Investment Details - The company, as a limited partner, will contribute RMB 50 million, representing a 3.2468% stake in the total committed capital of RMB 1.54 billion from all partners [3][33]. - The target fundraising size for the fund is RMB 2 billion, with the total committed capital currently at RMB 1.54 billion [3][33]. - The fund will focus on equity investments in sectors such as industrial mother machines, laser and additive manufacturing, precision instruments, and rail transportation [43]. Partnership Structure - The fund is managed by Shenzhen High-tech Investment Talent Equity Investment Fund Management Co., Ltd., which will provide daily operations and investment management services [27][37]. - The partnership includes various limited partners, such as Shenzhen Guidance Fund Investment Co., Ltd. and Shenzhen Bao'an District Industrial Investment Guidance Fund Co., Ltd., among others [9][11][13]. Regulatory Compliance - The investment does not constitute a related party transaction or a major asset restructuring, thus does not require board or shareholder approval [2][4]. - The fund has completed the necessary registration and is compliant with relevant regulations [27][28]. Strategic Goals - The investment aims to leverage the management and resource advantages of the fund manager to identify promising projects, thereby enhancing the company's capital operation efficiency and competitive strength [47]. - The investment is expected to support the company's strategic layout without affecting its normal production and operational activities [47][48].

证券代码：002123 证券简称：梦网科技 公告编号：2025-066 梦网云科技集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 交易所上市公司自律监管指引第7号——交易与关联交易》《梦网云科技集团 股份有限公司公司章程》（以下简称"《公司章程》"）等相关规定，本次共 同投资无需提交公司董事会、股东会审议，不构成同业竞争和关联交易，亦不 构成《上市公司重大资产重组管理办法》规定的重大资产重组。 续。本次合作各方共同出资发起设立产业投资基金，投资周期较长，在运作过 程中可能受宏观经济、行业周期、投资标的、交易方案等多种因素的影响而致 使产业投资基金总体收益水平存在不确定的风险。敬请广大投资者审慎进行投 资决策，注意投资风险。 一、本次对外投资概述 为了拓展梦网云科技集团股份有限公司（以下简称"公司"）多元化投资渠 道，为公司获取长期投资回报，公司（以下简称"公司"）作为有限合伙人与普 通合伙人深圳市高新投人才股权投资基金管理有限公司，及其他有限合伙人深 圳市引导基金投资有限公司、深圳市宝安区产业投资引导基金有限公司、深圳 市汇通金控 ...

Core Insights - KKR Group reported a stable investment income of $24 billion, despite a slowdown in asset sales [1] - The company raised $28 billion in new capital, contributing to a 14% year-over-year increase in assets under management (AUM) to $686 billion [1] - KKR has $115 billion in available capital and benefits from stable contributions from its Global Atlantic insurance business, positioning the firm towards its $1 trillion AUM target by 2029 [1]

证券日报网讯 7月31日晚间，鸿富瀚发布公告称，公司于2025年6月18日作为新进有限合伙人，与普通 合伙人深圳市高新投人才股权投资基金管理有限公司，及其他有限合伙人深圳市引导基金投资有限公 司、深圳市宝安区产业投资引导基金有限公司、深圳市汇通金控基金投资有限公司、深圳市龙华区引导 基金投资管理有限公司、深圳市光明区引导基金投资管理有限公司、深圳市高新投创业投资有限公司、 江西赣江新区信担金服管理有限公司、深圳顺络电子股份有限公司共同签署《深圳市高新投高端装备产 业私募股权投资基金合伙企业（有限合伙）合伙协议》，共同投资深圳市高新投高端装备产业私募股权 投资基金合伙企业（有限合伙）（简称"合伙企业"），合伙企业目标募资规模为人民币20亿元，出资方 式均为货币。全体合伙人本次的认缴出资总额为人民币14.8亿元，公司以自有资金认缴出资人民币3， 000万元。截至本公告披露日，合伙企业已完成工商登记备案并取得深圳市市场监督管理局颁发的《营 业执照》，并已在中国证券投资基金业协会完成私募投资基金备案，取得了《私募投资基金备案证 明》。 （文章来源：证券日报） ...

格隆汇7月31日丨荣泰健康(603579.SH)公布，公司与深圳丰厚沃天创业投资有限公司（简称"丰厚沃 天"）签订了《天津鼎汇二号股权投资合伙企业（有限合伙）合伙协议》，在确保满足日常经营资金需 求、总体投资风险可控的前提下，为了进一步拓展新兴领域的投资，充分利用专业机构的经验和资源， 公司作为有限合伙人以自有资金人民币1,000万元出资认购天津鼎汇的基金份额，持股比例占合伙企业 目前已募集认缴出资总额的10.3648%。 直接或间接投资于中国境内的智能制造、新信息技术、半导体等相关领域的私募股权投资基金（包括但 不限于IPO战配基金）、未上市企业、上市企业非公开发行和交易的普通股（含上市公司定向增发、大 宗交易、协议转让等），也可以投向其他行业和领域的私募股权投资基金或企业/项目。闲置资金（包 括但不限于待投资、待分配及费用备付的现金资产）可投资于银行活期存款、国债、中央银行票据、货 币市场基金等中国证监会认可的现金管理工具。 ...

Core Viewpoint - The article discusses the increasing restrictions on state-owned limited partners (LPs) in China regarding their investments in sub-funds, highlighting a shift towards favoring state-owned general partners (GPs) over private ones due to performance and compliance concerns [1][2][3]. Group 1: Investment Restrictions - State-owned LPs have implemented new limitations on the number of sub-funds they can invest in, alongside restrictions on investment ratios and single-transaction amounts [1]. - There is a growing trend among LPs to collaborate primarily with state-owned GPs, as they are perceived to have better performance and compliance, making them more attractive in the current market environment [1][2]. Group 2: Market Conditions - The private equity investment market in China has seen a significant decline, with the number of newly established funds dropping by 44.1% year-on-year in 2024, and the total fundraising amount decreasing by nearly 40% [4]. - The average size of newly established funds has fallen to 1.338 billion yuan, marking a ten-year low, while the number of registered private equity fund managers has decreased significantly [4][5]. Group 3: Challenges for Private GPs - Private GPs are facing intensified competition and difficulties in fundraising, with many unable to meet their fundraising targets, leading to potential deregistration of their management qualifications [5]. - The current market environment has created a "bottleneck" for fundraising, as state-owned investors require a certain proportion of market-oriented funds, complicating the establishment of new private funds [5]. Group 4: New Opportunities - Recent policy changes, such as the introduction of technology innovation bonds, aim to alleviate fundraising challenges for private GPs by providing low-cost, long-term financing options [8][9]. - The issuance of technology innovation bonds has gained momentum, with several equity investment institutions announcing plans to issue bonds totaling over 200 billion yuan [9].

Group 1 - The establishment of Qiongcheng Dingsheng Zhengcheng Venture Capital Partnership (Limited Partnership) has been reported, with a registered capital of 100 million yuan [1] - The legal representative is Xiamen Zongheng Jinding Private Fund Management Co., Ltd., and the business scope includes private equity investment, investment management, and asset management [1] - The company is jointly held by Dongfang Electric Heating, Jiangsu Dingzhiyu New Energy Technology Co., Ltd., and Xiamen Zongheng Jinding Private Fund Management Co., Ltd. [1]

Group 1 - The number of IPOs in the first half of 2025 increased by 21% compared to the previous year, with a total of 116 IPOs [3][6] - The institutional penetration rate for IPOs reached a five-year high of 96.08% in the first half of 2025, indicating strong institutional interest [6][7] - The average return for venture capital and private equity firms on the Shanghai Stock Exchange's Sci-Tech Innovation Board was over 20 times, a significant increase of 182.39% year-on-year [7][12] Group 2 - In the first half of 2025, there were 1,315 instances of share reductions from 428 A-share listed companies, totaling 34.32 billion shares and corresponding to a transaction amount of 58.709 billion [7][24] - The number of share reductions and transaction amounts saw a significant increase, approximately doubling compared to the first half of 2024 [24][26] - The electronic information sector saw an increase in the proportion of share reductions, while the financial services and food and beverage sectors experienced a decrease [24][29] Group 3 - The distribution of IPOs by region showed that Guangdong, Zhejiang, and Jiangsu provinces accounted for over 60% of new listings in the first half of 2025, with Jiangsu leading at 24% [15][16] - The manufacturing sector has consistently held the top position in terms of IPOs, although the electronic information sector surpassed it for the first time in the first half of 2024 [18][19] - The top 10 investment institutions in terms of share transfer and repurchase transactions in the first half of 2025 included prominent firms like IDG Capital and Jingwei Venture Capital [42][43]

Group 1: Foreign Investment Trends - China's foreign investment policies have shown significant effectiveness in the first half of the year, leading to new developments in landmark foreign projects and improving the quality of foreign investment [1] - The actual use of foreign capital in high-tech industries reached 127.87 billion RMB, with notable growth in e-commerce services (127.1%), chemical manufacturing (53%), aerospace equipment (36.2%), and medical devices (17.7%) [6] - Foreign enterprises are increasingly reinvesting profits earned in China, indicating a strong confidence in the Chinese market and a commitment to mutual growth [6][8] Group 2: Major Projects and Developments - The ExxonMobil Huizhou Ethylene Project, with a total investment of 10 billion USD, has officially commenced production, utilizing green technology to reduce nitrogen oxide emissions by 50% and greenhouse gas emissions by 35% [1] - The Nidec Qingdao Industrial Park in Shandong has recently launched, featuring 75 advanced production lines and a comprehensive R&D center, capable of producing 18 million motors and 20 million electronic control products annually [3] - Novo Nordisk has initiated a 4 billion RMB sterile preparation expansion project in Tianjin, further investing approximately 800 million RMB to expand its quality testing laboratory [4] Group 3: Strategic Investments and Future Directions - The focus of foreign equity investment is shifting towards new productive forces, with private equity firms establishing bilateral funds to promote advanced manufacturing and green low-carbon initiatives [15][20] - Measures to facilitate foreign equity investment have been introduced, including the implementation of pilot programs in free trade zones and the expansion of service industry openings [22][23] - The Chinese market is projected to surpass the U.S. as the largest single market for several foreign companies, driving continuous reinvestment and expansion efforts [13][15]