Core Insights - The provincial strategic emerging industry fund cluster held its first meeting of 2026, signing agreements for five specialized funds with a total scale of 69.1 billion yuan, raising the total scale of the fund cluster to 275.6 billion yuan [1][2] Group 1: Fund Details - The Long Triangle Venture Capital Guidance Fund, with a scale of 55.1 billion yuan, is a key highlight of the signing, aimed at supporting the integration development strategy of the Yangtze River Delta region [1] - The provincial fund for high-quality development of new industries, initiated by the High Investment Group, has a scale of 10 billion yuan and focuses on sectors such as biomedicine, new energy, integrated circuits, artificial intelligence, and robotics [1] - The Jiangsu Province Suhao Modern Service Industry Innovation Development Fund aims to promote the deep integration of modern service industries with strategic emerging industries, with a target scale of 10 billion yuan and an initial phase of 2 billion yuan [1] Group 2: Fund Cluster Achievements - The provincial strategic emerging industry fund cluster has established a total of 46 specialized funds with a cumulative scale of 176 billion yuan, completing decision-making processes for 50 sub-funds totaling 49.6 billion yuan [2] - The fund cluster has invested in over 200 projects, leading to direct equity investments exceeding 20 billion yuan, with two direct investment projects achieving IPO listings [2]

江苏创投生态持续升温！ 江苏创投生态持续升温 近期，江苏创投按下快进键、跑出加速度。 2月11日，江苏省战略性新兴产业母基金（以下简称"江苏省战新母基金"）2026年第一批产业专项基金 签约仪式在江苏南京举行。上证报记者获悉，现场签约的产业专项基金共5只，总规模达691亿元。 5只基金签约总规模达691亿元 在本次签约的5只基金中，长三角创业投资引导基金规模最大，达551亿元。据介绍，该基金为国家创业 投资引导基金首批设立的3只区域基金之一。该基金的设立，将有力撬动更多优质资本与创新资源向江 苏集聚，服务长三角一体化高质量发展，助力全省战略性新兴产业和未来产业做大做强。 目标规模100亿元的江苏省增资扩产战新产业高质量发展基金、规模10亿元的江苏省新能源（国信）产 业专项基金则为两只江苏省属企业产业专项基金。前者由江苏省高投集团发起，重点投向生物医药、新 能源、集成电路、人工智能、机器人、低空经济、新型电力、航空航天等领域；后者由江苏省国信集团 发起，聚焦新能源及其协同产业领域。 规模10亿元的设区市产业专项母基金——江苏连云港安防产业专项母基金，由连云港金控集团发起，专 注于安防全产业链，投资方向涵盖高端装 ...

Core Viewpoint - The company has received a regulatory letter from the Shanghai Stock Exchange regarding its performance forecast and has provided detailed responses concerning its investment in Hangzhou Industrial Trust (杭工信) and the associated fair value losses [1][4]. Group 1: Investment in Hangzhou Industrial Trust - The company reported a significant fair value loss of approximately 94.4 million yuan related to its investment in Hangzhou Industrial Trust, with the investment amounting to 306 million yuan and a book value of 220 million yuan as of mid-2025 [1][4]. - The fair value losses for the years 2023 and 2024 were 11.32 million yuan and 37.43 million yuan, respectively [1]. - The company is required to disclose the financial and operational data of Hangzhou Industrial Trust for the past three years, including total assets, liabilities, net assets, operating income, and net profit [1]. Group 2: Fair Value Measurement and Losses - The company classifies its equity investment in Hangzhou Industrial Trust as a financial asset measured at fair value, with changes recognized in profit or loss [2][3]. - The fair value measurement methodology includes using market prices when available, or estimating based on the financial performance of the underlying assets when market prices are not available [3][14]. - The company confirmed that the significant fair value losses were due to substantial changes in Hangzhou Industrial Trust's financial condition, leading to continuous net losses and a decrease in net assets over the past three years [4][17]. Group 3: Financial Assets and Performance - As of the end of 2023, 2024, and mid-2025, the company's financial assets measured at fair value were valued at 1.526 billion yuan, 1.692 billion yuan, and 1.697 billion yuan, respectively, with corresponding fair value losses of -171 million yuan, 23.568 million yuan, and -3.8297 million yuan [5][17]. - The company has also reported its trading financial assets, non-current assets due within one year, and other non-current financial assets, with respective values of 1.229 billion yuan, 110 million yuan, and 358 million yuan as of mid-2025 [5]. Group 4: Long-term Equity Investments - The company's long-term equity investments were valued at 580 million yuan, 579 million yuan, and 584 million yuan at the end of 2023, 2024, and mid-2025, respectively [17][18]. - The company uses the equity method for accounting its long-term equity investments, reflecting its significant influence over the invested companies [18][22]. - The company has confirmed that there are no significant impairment risks associated with its long-term equity investments, as the underlying companies have shown stable operational performance [24][25].

Core Viewpoint - Shenzhen aims to establish a diversified, relay-style technology finance service system that aligns with the entire lifecycle of enterprises, targeting the creation of over 10,000 innovation and investment funds with a total scale exceeding 10 trillion yuan, referred to as the "Double Ten Thousand Fund" framework [2][3]. Group 1: Fund Development and Structure - Shenzhen has developed a distinctive "Shenzhen State-owned Capital Model," with over 500 funds and a total scale exceeding 7 trillion yuan by the end of 2024, with over 90% of funds directed towards strategic emerging industries and future industries [3]. - The city focuses on a "20+8" full industry chain, ensuring that at least 40% of investments are directed towards seed, angel, and A-round projects, while B and C-round projects receive no less than 20% [3]. - The maximum duration for innovation and entrepreneurship funds has been extended to 15 years, with differentiated assessment indicators and exemption lists established to encourage long-term investments [3][4]. Group 2: Policy Innovations and Risk Tolerance - Shenzhen has introduced a "tolerance for failure" policy in technology innovation, allowing for a more supportive environment for startups and investors [4][5]. - The city has implemented a strategic seed fund and angel fund with a total scale of 500 million yuan, allowing for a 100% loss on individual projects, showcasing a high tolerance for risk [5]. - The "Action Plan" for promoting high-quality development in venture capital emphasizes nurturing both "patient capital" and "bold capital," encouraging long-term investments while also supporting high-risk, frontier technology ventures [6][7]. Group 3: Fundraising and Investment Strategies - The "Action Plan" aims to achieve a "Double Ten Thousand" structure by 2026, with over 10 trillion yuan in industry funds and more than 10,000 registered equity and venture capital funds [6][7]. - Shenzhen plans to establish three new mother funds to enhance collaboration and complement existing fund structures, addressing the current market's challenges [7]. - The city is exploring ways to lower the requirements for return investments from sub-funds, particularly for early-stage funds, which could serve as a model for national guidelines [7][10]. Group 4: Collective Economy and Local Initiatives - Shenzhen has initiated equity investment funds involving collective economic entities, with significant contributions from local cooperative companies, demonstrating a unique approach to mobilizing community resources [9][10]. - The establishment of funds by local cooperative companies has provided new avenues for alleviating fundraising challenges in the venture capital industry [9][10]. - The city has been proactive in addressing key issues faced by the venture capital sector, implementing practical measures to optimize the investment environment [10][11].

Group 1 - The Guangdong government is launching a long-term investment fund with a flexible duration and a recycling investment mechanism, focusing on early-stage, small, long-term investments in hard technology [1] - The direct investment scale in Guangdong continues to lead the nation, with nearly 1,000 direct investments made in the year, covering 887 companies, and achieving 16 IPO projects in 2025 [1] - The Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund is expanding its LP team, with a target size of 504.5 billion RMB, managed by Shenzhen Capital Group [1] Group 2 - Guangdong remains the top province for mergers and acquisitions, with 909 new deals in the year, a 10.60% increase year-on-year, accounting for 15.85% of the national total [2] - The province is enhancing financial policies to promote a deep integration of technology, finance, and industry, moving beyond a singular financial perspective [2] - The commercial aerospace sector is experiencing rapid growth, with increased participation from venture capital and industrial capital, breaking the traditional dominance of state-owned enterprises [2] Group 3 - Investment income is primarily driven by CITIC Securities and its subsidiary, Yuexiu Industrial Investment, as Yuexiu Capital diversifies from traditional financial services into new energy and emerging industries [3] - Yuexiu Capital is actively involved in industrial integration, corporate venture capital investments, and capital operations, expanding its investment footprint beyond Guangdong to other provinces [3] Group 4 - Northbound capital is increasingly focusing on technology-related industries and Guangdong-listed companies [4] - Guangzhou's municipal government plans to allocate at least 15% of its annual technology innovation development fund for "supplementary and transformative investments" [4] - The Guangzhou real estate asset management service platform aims to revitalize existing real estate assets through innovative financial tools, attracting social capital for various real estate projects [4]

格隆汇2月6日丨宜通世纪（维权）(300310.SZ)公布，为了进一步优化产业布局并借助专业机构的资源 优势，公司全资子公司宜通世纪（广东）产业投资有限公司（简称"宜通产投"）与广东方华兴科创业投 资基金管理有限公司（简称"方华兴科"）共同签订了《广东方华二期创业投资合伙企业（有限合伙）合 伙协议》。宜通产投作为有限合伙人与方华兴科共同设立广东方华二期创业投资合伙企业（有限合伙） （简称"合伙企业"或"创业投资基金"），其中宜通产投认缴出资500万元人民币，占该创业投资基金份 额的12.1921%。本合伙企业主要投向储能产业链上下游相关的未上市企业股权。 ...

（来源：青岛金融） 日前，华通集团旗下青岛华通创业投资有限责任公司携手工银金融资产投资有限公司、工银资本管理有 限公司及市南区平台公司青岛海诺投资发展有限公司，成功推动市级AIC（金融资产投资公司）创投基 金——青岛工融鼎汇华资创业投资基金首单投资项目顺利落地，完成对某海洋信息化企业的股权投资。 聚焦战略赛道 赋能海洋科技发展 获得投资的企业以国产化水声信息装备为核心，定位海洋信息化新基建骨干力量，凭借在水声通信、探 测等领域的技术积累，以及从关键设备到"研建维"一体化系统解决方案的全面能力，构建了核心优势， 其发展得到中国科学院声学研究所等顶尖机构的协同支持。 此次投资将为企业后续技术研发、产能扩张提供有力资本支撑。此举标志着青岛市首支市级AIC创投基 金实现首笔投资突破，是华通创投在科技金融领域深耕细作、助力海洋经济高质量发展的重要实践成 果，充分体现了国有创投平台在链接资本、产业与政策中的核心枢纽作用，彰显了华通集团带领华通创 投深入贯彻落实青岛市"十五五"规划战略部署、主动扛起国有企业责任、践行金融赋能实体经济使命的 坚定决心。 基金精准布局 构筑产业金融生态 2024年9月，国家金融监督管理总局印发 ...

证券代码：301538 证券简称：骏鼎达 公告编号：2026-007 深圳市骏鼎达新材料股份有限公司 关于公司与专业投资机构共同投资的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 登录新浪财经APP 搜索【信披】查看更多考评等级 二、与专业投资机构共同投资的进展情况 公司近日收到苏州嘉元捷顺基金管理人苏州嘉元丰溢投资的通知，苏州嘉元捷顺全体合伙人已将认缴出 资额足额支付至募集账户，本基金于近日收齐全体合伙人缴纳的出资额合计人民币2,451万元，已完成 出资额募集工作。合伙人及其实缴出资额情况如下： ■ 注：本公告中若出现合计数与各分项数据之和尾数不符的，为四舍五入原因所致。 三、其他事项说明 投资基金具有周期长、流动性较低的特点，本次投资存在回收期较长、短期内不能为公司贡献利润的风 险。本合伙企业已完成工商设立登记并取得营业执照，已完成出资额募集工作，尚未完成基金备案，具 体实施情况和进度尚存在不确定性。基金在投资过程中可能受到宏观经济、行业周期、监管政策、投资 标的企业自身经营管理等多种因素影响，可能面临投资收益不及预期，或不能及时有效退出等风险 ...

Core Viewpoint - Jiangsu Fengshan Group Co., Ltd. plans to invest RMB 15 million as a limited partner in the Cixi Zhuoyuan Xingyu No. 2 Venture Capital Fund, accounting for 29.99% of the total investment [2][4]. Group 1: Investment Details - The investment will be made using the company's own funds and does not require board or shareholder approval as it does not meet the criteria for significant asset restructuring [3][5]. - The total capital commitment for the fund is RMB 50.01 million, with Fengshan Group contributing RMB 15 million [21]. Group 2: Fund Management and Structure - The fund will be managed by Guangdong Zhuoyuan Asia Zhongke Venture Capital Co., Ltd., which has a professional investment management team and a normal operating status [7][8]. - The fund's management fee is set at 2% of the paid-in capital annually for four years, totaling 8% for each limited partner [15][23]. Group 3: Investment Strategy and Duration - The fund aims to invest in emerging industries such as information technology, with a total operational period of four years, including a one-year investment period and a three-year exit period [20][24]. - The fund's structure allows for the extension of its operational period by up to one year with unanimous consent from all partners [24]. Group 4: Impact on the Company - The investment is expected to have a minimal impact on the company's daily operations and will not be included in the consolidated financial statements [26]. - The investment aligns with the company's development needs and aims to leverage professional resources for reasonable investment returns [26].

超级活水开闸了。 投资界-解码LP获悉，粤港澳大湾区创业投资引导基金（简称"粤港澳基金"）正式公开遴选子基金管理 机构。 作为国家创业投资引导基金在粤港澳大湾区设立的区域母基金，粤港澳基金在2026年1月22日落地深 圳，不到半月便开启遴选。一股超级活水涌来。 基金坚持"投早、投小、投长期、投硬科技"，通过"子基金+直投"双轮驱动，主要投向战略性新兴产业 和未来产业领域的种子期、初创期科技企业，全力支持原创性、颠覆性技术创新和关键核心技术攻关， 推动重大科技成果向现实生产力转化，服务国家高水平科技自立自强。 500亿，开启公开遴选 深创投信息显示，粤港澳基金严格遵循国家战略目标和投资要求，按照市场化、专业化原则规范运作， 为有序开展子基金管理机构遴选工作，秉承"公平公开、优中择优"原则，现面向社会公开遴选子基金管 理机构。 具体来看，粤港澳基金目标规模504.5亿元，存续期最长可达20年，由深创投担任管理人，深创投和华 润资本共同作为基金普通合伙人。 犹记得2025年12月26日，国家创业投资引导基金正式启动，彼时粤港澳基金、京津冀创业投资引导基 金、长三角创业投资引导基金同日宣布设立运行。据悉，未来三大引导 ...