转自：推广 2025年11月21日，成都未来产业基金首批子基金集中签约暨管理人大会在成都市民营经济发展促进中心盛大启幕。作为"投成都"未来产业投资联盟核心活动 之一，本次大会以"到成都・投未来"为主题，汇聚国内顶尖投资机构代表、重点企业及园区负责人等多方嘉宾。活动现场，成都未来产业基金首批子基金集 中签约，规模约65亿元，标志着成都千亿级未来产业基金集群从"政策布局"全面迈向"实体运作"。 65亿首批子基金集群落地，赋能未来产业突破 当前，新一轮科技革命和产业变革加速演进，未来产业成为重塑全球经济格局的重要力量。近年来，成都市正加速构建"9+9+10"现代化产业体系，全力推 进16条重点产业链建圈强链，未来产业作为城市高质量发展的"新引擎"，亟需专业化资本力量的精准赋能。今年7月，成都市正式发布千亿级未来产业基 金，其中创投阶段母基金由成都交子金控集团旗下交子资本管理。 活动现场，成都未来产业基金与鼎晖投资、中金资本、碧鸿投资、中芯熙城、工银投资、厚为资本等六家合作机构集中签约，65亿元规模的首批子基金正式 启动。这批子基金汇聚国内头部机构、产业资本及细分赛道专业投资团队，将以差异化投资风格布局成都"9+9+ ...

Core Viewpoint - Enwei Pharmaceutical has announced its investment in a partnership focused on early and growth-stage companies, particularly in the medical and technology sectors [1] Investment Details - Enwei Pharmaceutical will invest 20 million yuan, accounting for 9.95% of the partnership [1] - The partnership will primarily invest in innovative drugs, medical devices, enterprise-level services, and hard technology [1]

Core Viewpoint - Enwei Pharmaceutical (301331.SZ) announced its participation as a limited partner in establishing the Jiaxing Panlin Jiayi Venture Capital Partnership (Limited Partnership) with a capital commitment of 20 million yuan [1] Investment Details - The total scale of the fund is 201 million yuan, focusing on investments in healthcare (innovative drugs, innovative medical devices) and technology (enterprise-level services, hard technology) [1] - The partnership still needs to complete the registration with the Asset Management Association of China and the business change registration, indicating uncertainty in the implementation process [1] Investment Risks - The company’s investment may face a longer investment return period, as well as risks related to the inability of investment projects to achieve expected returns or potential investment failures [1]

Core Viewpoint - Enwei Pharmaceutical (301331.SZ) has signed a partnership agreement to invest in a venture capital fund focusing on early and growth-stage companies in the healthcare and technology sectors [1] Group 1: Investment Details - The company will act as a limited partner, contributing RMB 20 million to the investment fund, which represents a 9.9502% stake [1] - The partnership includes Shanghai Panlin Hongyu Enterprise Management Partnership (Limited Partnership), Tangshan Jinkun Chemical Co., Ltd., and Li Jiao Jiao [1] Group 2: Investment Focus - The venture capital fund will primarily invest in early and growth-stage enterprises [1] - Investment directions include healthcare (innovative drugs, innovative medical devices) and technology (enterprise-level services, hard technology) [1]

Core Viewpoint - The company, Shijing Technology (301030.SZ), has announced a partnership with Shanghai Junzi Investment Management Co., Ltd. and other limited partners to invest in Wenzhou Junying No. 24 Venture Capital Partnership, focusing on equity investments in hard technology, new energy, and new materials sectors [1] Group 1 - The total investment amount for the partnership is 62.3 million RMB, with the company contributing 6.25 million RMB, representing a 10.03% stake [1] - The partnership is expected to enhance business cooperation and leverage each party's resources, facilitating the company's strategic implementation and long-term development [1] - The investment model through the industrial fund is aimed at capturing opportunities in the carbon capture, steel slag, and mineral powder industries, thereby expanding and improving the company's industrial layout [1]

Group 1 - Hong Kong aims to leverage its role as a "super connector" to assist Beijing enterprises in expanding overseas, particularly in global supply chains and markets [1] - Over 230 Beijing enterprises are listed in Hong Kong, with a total market capitalization of HKD 13 trillion, representing about 25% of the Hong Kong stock market [1] - Hong Kong's stock and bond markets provide essential platforms for Beijing enterprises to raise funds for their international expansion [1] Group 2 - Hong Kong offers world-class professional services to support Beijing enterprises in trade financing, cross-border supply chain management, and compliance consulting [2] - The establishment of a dedicated task force in Hong Kong aims to coordinate resources to assist mainland enterprises in their overseas ventures [2] - Many mainland enterprises are using Hong Kong as their overseas headquarters and treasury center due to its lack of foreign exchange controls and currency stability [2] Group 3 - The Hong Kong government plans to increase support for the innovation and technology sector, focusing on commercializing research outcomes [3] - Hong Kong has a robust ecosystem of venture capital, angel funds, and private equity, managing approximately USD 230 billion in assets [3] - Recent updates to listing rules in Hong Kong aim to facilitate easier access to capital for biotech and hard tech companies [3] Group 4 - Strengthening green finance cooperation aligns with national "dual carbon" goals and presents significant business potential [4] - Hong Kong ranked first in Asia for green and sustainable debt issuance, totaling over USD 80 billion last year [4] - There is substantial room for growth in financing for national green transformation, which requires trillions of dollars annually [4]

最近一年，在观察过数十 家硬科技创业公司的 CEO、CTO 之后， 创业邦的记者和编辑们得出了一 条核心结论： 他们的年纪越来越小，95后和00后正在以不可思议的速度给科技圈带来更多惊喜。 这批年轻的创业者，一部分拥有顶尖名校的理工科背景，带着实验室的技术成果和超越同龄人的认知 视野，一头扎进AI、具身智能、低空经济等前沿领域。早期投资人也敏锐地捕捉到这股"青年生产 力"，不惜重金跑到世界各地的大学实验室里"围追堵截"式投资。 然而，对于更多"看起来很普通"的青年创业者而言，现实远非坦途。艰难的融资、漫长的技术验证、 以及穿越动辄8-10年低谷周期的定力，都是巨大的挑战。在世界青年日（International Youth Day）的背景下，我们关注的不仅是那些光芒万丈的"少年天才"，更应关注这股在不确定性中坚持、 在质疑声中成长的青年创新群像。 DEMO CHINA，作为中国创投界的年度盛会，走过19个年头，始终坚信创业的酷与价值。它搭建的 舞台，正是为了让那些自信、张扬、狂热追梦的年轻野心家们，能被真正看到、理解，并得到支持。 前不久在杭州举办的本届DEMO CHINA，传递出一个清晰的信号：中国创投界正 ...

Core Insights - The article discusses the role of capital in supporting sustainable development and innovation, particularly in the context of the Yangtze River Delta and Wuxi's emerging status as a hub for investment and industry [1][3]. Investment Strategy - Meihua Venture Capital has invested in over 600 innovative companies since its establishment in 2014, focusing on early-stage investments across various sectors including hard technology and smart manufacturing [2]. - The firm emphasizes a strategy of "early investment, small investment, and diversified layout," aiming to support entrepreneurs from the initial stages of their ventures [2]. - The investment logic for hard technology differs from consumer-oriented businesses, focusing on scarcity and pricing power rather than repeat purchase rates [2]. Regional Focus - Wuxi is highlighted as a city with a complete industrial chain and favorable policies, making it an ideal location for technological innovation [3]. - Meihua Venture Capital is collaborating with local investment entities to establish a new fund focused on commercial aerospace and low-altitude economy [3]. - The firm believes that capital should flow into the real economy, acting as "nutrition" rather than mere "flow" [3]. Green Investment - The conference emphasized sustainable development and green finance, which Meihua Venture Capital views as a necessary mission rather than just a slogan [4][5]. - The firm has made significant investments in green projects, such as energy-saving electric motors and agricultural technologies that reduce plastic pollution [5]. - Meihua integrates environmental considerations into its decision-making process, asserting that only projects with long-term commercial value can endure market cycles [5]. Global Perspective - The article notes the importance of a global vision for entrepreneurs, with Meihua Venture Capital supporting companies that are prepared to enter international markets [6]. - The firm provides resources and practical experience for entrepreneurs looking to expand globally, having invested in platforms that facilitate international market entry [6]. Long-term Commitment - Meihua Venture Capital has evolved from being an active early-stage investor to a patient partner for entrepreneurs, focusing on the long-term value of investments [6]. - The firm aims to illuminate less popular sectors rather than chasing trends, contributing to the growth of China's technological landscape [6][7].

Group 1 - The core viewpoint of the articles highlights that 11 companies in the A-share market have disclosed their expected performance for the year 2025, with 5 companies anticipating a year-on-year increase in net profit attributable to shareholders [1] - Luxshare Precision Industry Co., Ltd. expects a net profit of between 16.518 billion yuan and 17.186 billion yuan for the reporting period, representing a year-on-year growth of 23.59% to 28.59% [1] - The reason for the performance change is attributed to the company's ongoing globalization strategy, leveraging overseas production bases to respond flexibly to regional market demands and provide resilient and cost-effective manufacturing solutions [1] Group 2 - Among the 11 companies, hard technology companies show stronger performance confidence, with structural growth driven by policy, technological breakthroughs, and market demand [2] - Hard technology enterprises are encouraged to increase R&D investment, deepen collaborations with universities and research institutions, and focus on high-value-added businesses to solidify their technological advantages [2] - The development of hard technology companies is characterized by a mix of those still in the investment phase and those that have reached stable profitability, emphasizing the importance of clear application scenarios for technological innovation [2]

Group 1 - The core viewpoint emphasizes the importance of cultivating more high-quality listed companies to promote the high-quality development of the capital market and accelerate the construction of a modern industrial system [1] Group 2 - The first aspect involves expanding the sources of quality listed companies and optimizing their structure, exemplified by the rapid approval of the IPO application for Moer Thread, which took only 122 days [2] - The capital market is transitioning towards high-quality development, necessitating an increase in inclusivity and adaptability while supporting the growth of "small but beautiful" niche market champions [2] Group 3 - The second aspect focuses on the need for listed companies to achieve high-quality development by enhancing operational quality, increasing R&D investment, and utilizing mergers and acquisitions to optimize resources [3] - Companies should manage their market value effectively and enhance their investment appeal while ensuring reasonable returns for investors [3] Group 4 - The third aspect highlights the importance of strengthening regulation to improve corporate governance, with the revised Corporate Governance Code set to take effect on January 1, 2026 [4] - Companies are encouraged to adhere to governance standards and ensure that key personnel fulfill their responsibilities diligently to protect the interests of the company and its shareholders [4]