Group 1 - Central enterprises are intensively investing in strategic emerging industries and future industries, with a total scale of 600 billion yuan for the newly established funds by China Guoxin [2] - China Guoxin has invested in over 300 projects with a total amount exceeding 120 billion yuan, with nearly 80% allocated to strategic emerging industries [2] - The establishment of the hydrogen energy industry chain venture capital fund by Sinopec marks the largest fund focused on hydrogen energy in China, with an initial scale of 5 billion yuan [3] Group 2 - Local state-owned capital is accelerating the construction of an innovation upgrade ecosystem, with China Pacific Insurance launching a 500 billion yuan fund [4] - The Shanghai leading industry mother fund has selected 17 sub-funds with a total investment amount of 41.5 billion yuan, indicating a leverage ratio of 5.82 times [4] - Various regions are adopting models such as guiding funds and cross-regional cooperation funds to attract capital and upgrade industries [4][5] Group 3 - The introduction of a fault tolerance mechanism is aimed at activating patient capital, addressing the reluctance of some state-owned funds to invest [6][7] - Local state-owned assets in Guangdong, Shanghai, and Jiangsu are innovating systems to encourage investment, allowing for 100% loss in certain projects [7] - The transformation of state-owned funds into true long-term and patient capital is supported by the implementation of loss tolerance and differentiated assessment systems [7]

Core Insights - The Yuhuangshan South Fund Town has transformed from a dilapidated area into a thriving financial hub over the past decade, guided by the "tenglong huan niao" (腾笼换鸟) theory, which emphasizes replacing outdated industries with high-value sectors [1][2] Group 1: Transformation Journey - The area was previously known for its poor living conditions and environmental issues, prompting the local government to initiate a comprehensive renovation project in 2007 to clear low-efficiency warehouses and make way for high-end financial industries [2][4] - The renovation led to the establishment of a 1 square kilometer industrial core area and 250,000 square meters of office space, making it a highly sought-after industrial cluster in Hangzhou [2][5] Group 2: Industry Upgrading - Starting in 2009, the local government capitalized on the cultural heritage of the area to develop an international cultural and creative industry park, and in 2015, the Yuhuangshan South Fund Town was officially established to focus on private equity finance [4][5] - The town has attracted over 2,300 financial enterprises with a total management scale of 1.5 trillion yuan, generating cumulative tax revenue exceeding 20 billion yuan, making it a leader in per-acre efficiency among special towns in the province [5][8] Group 3: Ecosystem Development - The establishment of the Hangzhou Capital Investment and Financing Service Center has created a comprehensive service platform for innovation, industry, capital, and talent, enhancing the business environment for financial enterprises [7][8] - The town has implemented various innovative measures, including the establishment of a financial talent management reform pilot zone, attracting over 5,000 high-end financial talents [8][11] Group 4: Financial Empowerment of the Real Economy - The town emphasizes the integration of finance and the real economy, having facilitated over 17,900 investments in various enterprises, with more than 540 companies successfully listed [11][13] - The focus on investing in high-potential sectors such as information technology, advanced manufacturing, and green energy has led to a significant portion of investments directed towards unicorn and quasi-unicorn companies [13]

「解码 LP 」系投资界旗下专注 LP 报道公众号，关注各地基金政策，捕捉 LP 最新动态，欢迎关注！ 截至周五下午，本周（1月20日-1月24日）LP动态共16起。 这让人不禁想起，去年上海数支百亿规模人工智能产业基金先后建立、人工智能大会火爆等 诸多难忘场景。如此一幕，也是全国各地发力人工智能产业的一缕写照。 LP 上海未来产业基金开始出资了 1月2 0日，总规模1 0 0亿元的上海未来产业基金正式发布申报指南，面向全国VC/PE机构伸 出橄榄枝。 这是今年国办一号文件之后首个响应实践的政府投资基金。聚焦推动上海和中国0 - 1原始创 新转化，上海未来产业基金《申报指南》提到了：长存续期设计、打破注册地限制、设立回 购让利机制等，极具风向标意味。 LP 国新创投基金启航，首期100亿 近日，中国国新联合部分中央企业、地方国资在京共同举行国新创投基金合作签约仪式。现 场，1 0 0亿国新创投基金正式启航。 更多出资方也浮出水面——据中国国新介绍，国新创 投基金出资合作单位有中国五矿、中国钢研、中国建材、中国有研、中国电气装备、杭州资 本、兴湘集团等。这是央企联合地方国资的最新举措。 LP 6 0 0亿大基金 ...

解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 以下文章来源于解码LP ，作者吴琼 央企力量。 作者 I 吴琼 报道 I 投资界-解码LP 投资界-解码LP 获悉，近日，中国国新联合部分中央企业、地方国资在京共同举行国新 创投基金合作签约仪式。现场，100亿国新创投基金正式启航。 具体来看，国新创投基金将重点布局前瞻性战略性新兴产业和未来产业。15年的存续期 限，也将践行长期资本、耐心资本作用，支持一批早期硬科技项目。 此次基金落地杭州。放眼望去，央企正响应政策号召，发力创投基金。 8家单位联合出资 100亿基金落地杭州 这一幕筹备已久。 一个背景是，此前党的二十届三中全会《决定》中明确，构建同科技创新相适应的科技 金融体制，国务院国资委也鼓励国有资本运营公司面向央企创新需求发挥引导带动作 用。为此，中国国新计划筹建国新创投基金。 直至这一次，国新创投基金正式启航。更多出资方也浮出水面——据中国国新介绍，国 新创投基金出资合作单位有中国五矿、中国钢研、中国建材、中国有研、中国电气装 备、杭州资本、兴湘集团等。这是央企联合地方国资的最新举措。 中国国新党委书记、董事长徐思伟提到，"国新创投基金要 ...

「解码 LP 」系投资界旗下专注 LP 报道公众号，关注各地基金政策，捕捉 LP 最新动态，欢迎关注！ 根据公开信息统计：截至周五下午，本周（12月7日-12月13日）LP动态共29起。 LP 上海并购放大招了 1 2月1 0日，上海市人民政府办公厅发布关于印发《上海市支持上市公司并购重组行动方案 （2 0 2 5—2 0 2 7年）》（简称：《行动方案》）的通知，进一步吹响并购号角。 LP 招商资本联合发起5 0亿母基金 近日，招商资本与绍兴市上虞区国有资本投资运营有限公司（简称"上虞国投"）联合发起 设立的5 0亿元产业母基金--绍兴市上虞区金葵舜盈产业发展投资基金合伙企业（有限合伙） （简称"上虞金葵产业基金"）完成中国证券投资基金业协会登记备案工作。 上虞金葵产业基金由招商资本担任基金管理人，基金将聚力聚焦上虞区重大产业项目招引培 育和高层次科创人才创新创业两大战略目标，在坚持"政府主导、平台主战、部门协同"的 基础上，重点突出引资引智、产业培育、政策支持以及推进国企转型改革等四大功能作用， 聚焦先进材料、数智经济、生命健康、智能装备、新能源、低空经济、精准医疗、元宇宙、 这一次上海明确提出，力争到2 ...