Group 1 - Huamin Investment held a signing ceremony for three groups of fund cooperation intentions on September 21, focusing on the establishment of the "High-Quality Development Fund for Listed Companies" to invest in listed companies' subsidiaries and high-quality pre-IPO enterprises [1][2] - The first group of agreements targets cooperation between the "High-Quality Development Fund for Listed Companies" and projects planned to settle in Pudong, selecting several quality enterprises to support their development in the Pudong New Area [1] - The second group of agreements involves the "Parent Fund for Industrial Development of Listed Companies," aimed at establishing sub-funds in collaboration with listed companies, with the first fund already cooperating with Dali Prefecture and pursuing partnerships with other regions [1][2] Group 2 - The third group of agreements focuses on the "CVC Fund for Industrial Development of Listed Companies (New Materials Fund)," highlighting the trend of collaboration between listed companies and local state-owned assets to establish CVC funds [2] - Huamin Investment's president emphasized the company's strengthened links with listed companies and the innovative establishment of the "High-Quality Development Fund," which addresses financing challenges in the secondary market while providing effective exit paths for investors [2] - The company is actively collaborating with listed companies to initiate CVC industrial funds and merger funds, contributing to enterprise growth and efficiency improvement, injecting new momentum into the capital market and industry prosperity [2]

Core Insights - The third China Listed Companies Industry Development Forum was held in Shanghai, focusing on "Future Industries and State Capital Empowering Listed Companies" with participation from nearly 300 listed companies and over 800 industry elites [3][6] Company Strategies - Huamin Investment is focusing on two types of funds: the Listed Company Industry Development Mother Fund and the High-Quality Development Fund [5][6] - The Mother Fund is established in collaboration with local governments, directly partnering with listed companies to create sub-funds that invest in their industrial ecosystems, enhancing investment precision and aligning with local economic development [5][6] - The High-Quality Development Fund targets investments in listed companies' subsidiaries or potential acquisition targets, aiming for equity appreciation or mergers within three to five years, providing a dual strategy for investment and exit [6] Collaboration with Local Governments - Local state-owned assets have become mainstream limited partners (LPs) in China's primary market, and Huamin Investment leverages its deep connections with listed companies to maintain frequent collaborative interactions [6][7] - The company emphasizes the integration of capital with local industrial development, conducting research on local leading industries to identify suitable listed companies for investment [6][7] Investment Philosophy - The key to success lies in deeply understanding local industrial layouts and aligning them with the development strategies of listed companies, thereby creating a closed-loop system for fund investment and industrial upgrading [7]