1月29日下午，在2026年昆山新型工业化推进会暨人工智能创新发展大会上，昆山市人工智能产业基金发布，基金总规模达50亿元，首期规模20亿元。此次 设立的昆山市人工智能产业基金由创控集团作为发起方，联合苏创投、华映资本等知名机构共同设立，重点投向人工智能核心硬件、算力基础设施、大模 型、AI+制造等重点领域，全力支持本地人工智能企业成长与生态构建。（昆山发布） 四川凉山将设立超40亿商业航天专项基金 近日，四川凉山州经济和信息化局等4部门印发《凉山州支持商业航天产业集聚发展专项政策（试行）》，提出设立不低于40亿元的商业航天产业专项基 金，支持火箭、卫星研制及应用、航天大数据等相关企业落地。该政策旨在推动形成覆盖研发制造、发射服务、数据应用的全产业链集聚发展格局，同时为 商业航天企业提供"绿色通道"政策，在用地方面提供多项支持，包括依法依规保障建设用地指标、土地出让底价可按标准70%执行、鼓励先租后让等供地方 式。（FOFWEEKLY） 洛阳产发基金拟参与设立20亿元智能机器人基金 1月28日消息，洛阳市产业发展基金拟联合湖北省人形机器人产业投资基金等，发起设立"顺新具身智能机器人股权投资基金（有限合伙）"。 ...

江苏省宜兴新动能母基金招GP 近日，为推动宜兴市产业转型升级，加快构建高质量发展格局，宜兴新动能产业基金合伙企业（有限合伙）（以下简称"新动能母基金"）公开遴选 产业子基金管理机构。 新动能母基金成立于2021年，为私募股权投资类FOF基金，总规模50亿元，合伙期限为40年，由宜兴市级国有企业联合出资组建，管理人为宜兴市 宜财私募基金管理有限公司。新动能母基金围绕宜兴市创新驱动与产业强市战略，通过与国家级母基金、国内外头部投资机构深化合作，投资私募股 权、创业投资子基金，促进宜兴产业的转型升级和高质量发展。 东 莞滨 海湾母基金招GP 近日，东莞滨海湾人工智能 产业创业投资母基金合伙企业（有限合伙）（以下简称"滨海湾母基金"）开展市场化子基金管理机构遴选工作，筛选优 质管理机构共同设立子基金，聚焦人工智能核心赛道，撬动社会资本赋能滨海湾新区人工智能产业高质量发展。 据悉， 滨海湾母基金 首期认缴规模为3亿元，存续期限为10年。基金聚焦"人工智能+"领域，包括人工智能核心技术研发，人工智能在制造业、智 慧城市、智慧交通、智慧医疗、智慧生活服务等领域应用，与人工智能相关硬件制造。 导读 本周， 江苏、广东、杭州 ...

Core Viewpoint - The government is implementing a series of targeted support policies to assist technology-oriented small and micro private enterprises, addressing challenges such as high R&D costs, talent shortages, and difficulties in converting results into practical applications [1]. Group 1: Financial Support - Tax incentives are being enhanced, with the R&D expense deduction ratio increased to 100%, and certain key sectors like integrated circuits and industrial mother machines receiving a 120% deduction ratio, significantly reducing the financial burden on enterprises [2]. - In 2024, private economic taxpayers will benefit from an additional tax reduction and refund amounting to 1.26 trillion yuan, with many companies reinvesting these savings into R&D [2]. Group 2: Talent Attraction and Retention - Policies are being developed to improve talent attraction, cultivation, and retention, including "talent green cards" in cities like Suzhou, which provide various subsidies for high-end talent recruited by private enterprises [3]. - The government is promoting partnerships between private enterprises and universities, exemplified by "order classes" in Wuhan, allowing students to engage in projects while studying, ensuring direct employment upon graduation [3]. - In 2024, the top 1,000 private enterprises in R&D will employ 1.84 million R&D personnel, with an average R&D expenditure of 778,300 yuan per person, reflecting the effectiveness of these initiatives [3]. Group 3: Reducing Trial and Error Costs - To address the issue of result conversion, efforts are being made to establish over 2,400 pilot platforms in manufacturing, with plans to create a national pilot service network, such as the Honeybird Intelligent Manufacturing Pilot Base in Chengdu, providing lower-cost trial opportunities for innovation [4]. - Data indicates that the industrialization success rate of technology results verified through pilot testing can reach over 80% [4]. - By 2026, private enterprises will receive stronger policy support for technological innovation, emphasizing the need for a focus on practical industrial applications rather than chasing technological trends [4].

Key Points - The article discusses significant fund establishment events in China from December 15 to December 21, highlighting various government and private sector initiatives aimed at fostering innovation and investment in key industries [5]. Government-Backed Funds - Shenzhen has established a new fund, the Shenzhen National Innovation Fund, with a total capital of 18.9 billion RMB, focusing on venture capital investments in unlisted companies [7]. - Inner Mongolia has launched a 6 billion RMB mother fund for strategic emerging industries, with a focus on attracting social capital for investments in nine key sectors, including new information technology and high-end equipment manufacturing [8]. - Jinan has initiated a 5 billion RMB artificial intelligence industry fund to support hard technology sectors, including model development and intelligent computing [9]. - Beijing's Fengtai District has set up a 5 billion RMB government investment mother fund to enhance regional industrial ecosystems [9]. - Chaoyang District in Beijing has created two 20 billion RMB funds to support digital economy development, focusing on various emerging industries [10]. Private Sector Initiatives - The Xuzhou Guorun Industry Investment Fund has been established with a total scale of 2 billion RMB, targeting strategic emerging industries and future industries [10]. - Hubei Cultural Tourism Group and Jingmen City have signed an agreement to establish a 1 billion RMB aerospace and digital industry fund, focusing on low-altitude economy sectors [11]. - The Hangzhou Western Common Prosperity Fund has been launched with a total scale of 1 billion RMB, aimed at supporting high-quality projects in the region [12]. - The Suqian New Materials Mother Fund has successfully registered its first sub-fund with a scale of 500 million RMB, focusing on key material sectors [12]. Academic and Collaborative Funds - Wuhan University of Science and Technology has initiated a 200 million RMB seed fund in collaboration with local government and industry partners, focusing on early-stage technology projects [13]. - Tianjin Economic Development Zone has established a 120 million RMB new venture capital fund, targeting hard technology sectors [14]. - The Nanjing AIC Fund has completed its first project investment of 50 million RMB in a key industrial digital transformation company [15]. Emerging Industry Focus - The Yunnan Advanced Manufacturing Equity Investment Mother Fund has been registered, focusing on traditional industry upgrades and strategic emerging industries [16][17]. - The Hubei Port and Shipping Development Fund is seeking to recruit fund management institutions to invest in logistics and transportation sectors [18]. - The Hainan Aerospace Star Arrow Manufacturing Fund aims to attract social capital for aerospace-related investments, with a target scale of 3 billion RMB [19]. Conclusion - The article emphasizes the growing trend of establishing various funds across China, driven by both government and private sectors, to support innovation and development in key industries, particularly in technology and manufacturing sectors [5].

Core Insights - The article discusses the establishment of Henan Province's first artificial intelligence industry fund, initiated by Huirong Fund, with a total scale of 1 billion yuan [1] - Huirong Fund aims to accelerate the development of AI industry in Henan by investing in key areas such as computing power, AI infrastructure, AI applications, and embodied intelligence [1] - The fund adopts a dual-driven model of "investment + industry" to address challenges in capital allocation and project implementation within the AI sector [1] Investment Focus - The fund is focused on four core areas: computing power hardware, AI infrastructure, AI + vertical applications, and embodied intelligence [1] - Huirong Fund has previously invested in quality projects such as Muxi Integrated Circuits, Jiliu Technology, and Yunjike Technology, indicating a strong track record in the sector [1] Strategic Goals - The fund aims to build a complete ecosystem from core technology research and development to large-scale application, positioning itself as a "core capital force" for upgrading the AI industry in Henan [1]

Core Viewpoint - Guangxi is undergoing a critical phase of industrial transformation and upgrading, with a strategic focus on developing artificial intelligence (AI) as a key pillar of its economic layout [5][6]. Summary by Sections Guangxi's AI Development Initiatives - In February, Guangxi established a working group for AI development, emphasizing the need to keep pace with the AI era [6]. - In March, the "AI + Manufacturing Action Plan (2025-2027)" was introduced, aiming for AI-related industry output to exceed 100 billion yuan by 2027, positioning Guangxi as an AI industry hub for ASEAN [6]. - Recently, Guangxi released measures to empower AI through government investment funds, proposing ten initiatives including the establishment of a fund cluster and increasing fiscal contributions [6][9]. Fund Establishments and Investments - Guangxi plans to create an AI industry fund with a minimum subscription scale of 10 billion yuan, aimed at leveraging government investment to stimulate AI across various sectors [9]. - The Jiangxi Zhengjiang Fund, focusing on the robotics sector, has successfully registered with a scale of 1 billion yuan, targeting the integration of traditional and emerging industries [10][11]. - Henan Province is setting up a 3 billion yuan AI industry fund to support the integration of AI technology and industry, aiming to enhance its competitive position nationally [12][13]. - The establishment of the Tangshan Port Industry Development Fund, with a scale of 258 million yuan, will focus on key industries such as port logistics and green chemicals [14]. - The Yibin Private Economic Development Fund has been established with a capital of 100 million yuan to boost local private sector growth [15]. - The first AIC blind pool fund in Anhui has been launched with an initial scale of 1 billion yuan, focusing on strategic emerging industries [16]. - A low-altitude economy investment company has been established in Hainan with a registered capital of 30 million yuan, targeting the development of low-altitude economic activities [17]. - The Hefei Investment Fund for Emerging Industries has been registered with a capital of 5.5 billion yuan, focusing on private equity investments [18]. - The Suzhou Jialin Equity Investment Partnership has been established with a capital of 300 million yuan, focusing on equity investments in unlisted companies [20]. - The Chongqing Honghui Yuyi Private Equity Fund has been established with a capital of 500 million yuan, continuing the trend of significant industrial investment in the region [21]. - The East Securities New Creation Fund has been established with a total scale of 60 million yuan, focusing on advanced manufacturing sectors [22]. - The Xuyi County 1 billion yuan mother fund has been registered, targeting investments in various strategic sectors [23]. - The Keqiao Textile Innovation Fund is being established to support the transformation of the textile industry, with a target scale of 1 billion yuan [24]. - The Jiangsu Province Energy Conservation and Environmental Protection New Industry Fund is being set up with a scale of 3 billion yuan, focusing on green and sustainable industries [25].

Market Overview - The overall market showed recovery last week, with the Shanghai Composite Index closing at 3635.13 points, up 2.11% for the week, and the CSI 1000 index closing at 6838.13 points, up 2.51% [1] Sector Performance - In the CITIC industry sectors, non-ferrous metals, machinery, and defense industry indices had the highest gains, while computer, consumer services, and pharmaceutical indices experienced the largest declines [1] - The CSI 1000 index had a price-to-earnings (PE) ratio of 42.22, with a weekly increase of 2.51% and a quarterly increase of 12.43% [2] - The Shanghai Composite Index had a PE ratio of 15.70, with a weekly increase of 2.11% and a quarterly increase of 8.77% [2] Economic Indicators - The U.S. Federal Reserve Vice Chair indicated support for three interest rate cuts this year, with an 88.9% probability of a 25 basis point cut in September, shifting market focus to a potential 50 basis point cut [3] - The artificial intelligence industry received favorable policies from the Henan provincial government, including a 3 billion yuan fund to support various financing needs of AI companies [4] - Shanghai introduced a significant maternity support policy, providing a 50% subsidy on social insurance contributions for female employees during maternity leave starting January 1, 2025 [5] - In July, the national consumer price index remained flat year-on-year, with urban prices unchanged and rural prices down 0.3% [6] Real Estate Policies - Beijing announced new real estate policies allowing families to purchase an unlimited number of homes outside the Fifth Ring Road, with increased housing provident fund loan limits [8] Market Outlook - The Southern Fund's macro strategy department anticipates a recovery in the profit cycle, despite a potentially volatile short-term market during the mid-year reporting season [9] - The report highlights a trend of de-dollarization and a weak dollar, suggesting that the domestic profit cycle may gradually improve after a prolonged downturn [10]

Core Viewpoint - The article highlights the increasing investment in AI and robotics industries in Guangdong, with the establishment of two major funds totaling 200 billion RMB, reflecting the urgency and strategic approach of the region in fostering these sectors [4][5]. Fund Establishments - Guangdong has launched its first AIC Artificial Intelligence Industry Fund in March, with a scale of 10 billion RMB, focusing on AI and robotics investments [4]. - A new Guangdong Intelligent Industry Fund has been initiated, also with a scale of 10 billion RMB, targeting AI, robotics, and semiconductor sectors [5]. - The Hubei Province has established a humanoid robot industry investment fund with a total investment of 5 billion RMB, aiming to enhance its capabilities in the humanoid robot sector [11]. - The Hangzhou West Lake Future Venture Capital has been set up with a capital of 2 billion RMB, focusing on early-stage investments [12]. - The Jiangsu Province has seen the establishment of a 3 billion RMB angel fund focusing on biopharmaceuticals, supported by local government and industry investors [14][15]. Investment Dynamics - Chaoxi Capital has successfully closed its second RMB fund with a first close of 700 million RMB, indicating strong support from industrial LPs [7]. - The Shenzhen AI Terminal Industry Private Equity Fund has been established with a capital of 1.44 billion RMB, aligning with Honor's strategic shift towards AI ecosystem development [17]. - The establishment of the Qihang He Wu Entrepreneurship Investment Partnership in Changzhou, focusing on synthetic biology, highlights the region's commitment to emerging technologies [18]. GP Recruitment - The Suqian New Emerging Industry Mother Fund has been set up with a scale of 2 billion RMB, seeking to recruit GP for strategic investments in various emerging industries [27]. - The Nanjing Pukou District High-Quality Development Mother Fund is also looking for GP, focusing on integrated circuits, new energy, and AI [28][29].

Core Viewpoint - The event "Intelligent Gathering Nanning · Shared Future" focuses on promoting artificial intelligence projects and facilitating financing connections between government, financial institutions, and enterprises in Nanning, Guangxi, leveraging the region's strategic position for ASEAN cooperation [1][2]. Group 1: Event Overview - The event attracted nearly 100 representatives from AI companies, financial institutions, equity investment firms, guarantee institutions, and intermediary service agencies [1]. - The initiative aims to enhance the integration of artificial intelligence with the real economy and promote digital economy and AI industry cooperation targeting ASEAN [1]. Group 2: Investment and Financing - On April 18, the South A Center launched with 40 quality projects, achieving an investment cooperation amount of 8 billion yuan, marking a breakthrough in attracting investment [2]. - The financing event aims to strengthen the supply of financial resources and facilitate effective connections between enterprises and financial institutions, enhancing the development of the AI industry [2]. Group 3: Policy and Financial Support - Recent policies from multiple government departments provide new directions for the development of technology finance, which Nanning will leverage to implement high-quality development actions for "AI+" [3]. - Nanning plans to innovate its financial systems to support technology innovation through various financial tools, aiming to inject strong financial momentum into the cultivation of new productive forces and the construction of a modern industrial system [3].

Group 1: Hydrogen Industry Fund - The largest hydrogen industry investment fund in China has been established, initiated by Sinopec, with a first phase scale of 5 billion yuan [2] - The fund will focus on key materials, core equipment, and original technologies across the entire hydrogen energy industry chain, including production, storage, transportation, application, and research [2] Group 2: Jiangsu Province AI Fund - A 6 billion yuan AI industry special mother fund has been established in Suzhou, focusing on computing power infrastructure and the integration of AI with manufacturing, finance, education, healthcare, and other sectors [11] - The fund aims to enhance the application of AI technologies in various industries [11] Group 3: Guangdong Province Smart Industry Fund - The Guangdong smart industry fund has been launched with a target scale of 10 billion yuan, focusing on AI models, intelligent robotics, and semiconductor technology [5] - The fund will operate under a "government guidance + market operation" model to accelerate the industrialization of technology [5] Group 4: Hubei Province Seed Funds - Hubei plans to establish three seed funds, each with a scale of 1 billion yuan, to support innovation and entrepreneurship among university faculty and students [8] - The funds will focus on technology transfer, talent innovation, and laboratory projects to create a favorable investment ecosystem [8] Group 5: Dongguan AI Fund - Dongguan has signed a 1 billion yuan AI industry mother fund, with an initial subscription of 300 million yuan, focusing on hardware manufacturing, core technology research, and AI applications [6][7] - The fund aims to build a comprehensive AI fund system throughout its lifecycle [6]