证券日报网讯 11月24日晚间，鲁信创投发布公告称，2025年6月4日，公司披露了《关于公司及全资子 公司受让基金份额暨关联交易的公告》（公告编号：临2025-16），公司以人民币16，638.49万元的价 格受让山东省国际信托股份有限公司（简称"山东国信"）持有的山东省鲁信新旧动能转换创投母基金合 伙企业（有限合伙）18.20%份额，由全资子公司山东省高新技术创业投资有限公司（简称"高新投"）以 人民币3，715.88万元的价格受让山东国信持有的安徽鲁信皖禾科技创新创业股权投资基金（有限合 伙）8%份额，评估基准日2024年12月31日至产权交割日期间的损益由鲁信创投、高新投分别享有。截 至2025年11月24日，鲁信创投、高新投向山东国信现金支付上述全部合伙企业份额转让款，后续公司将 按照相关规定完成工商变更登记等工作。 （文章来源：证券日报） ...

Core Viewpoint - Suzhou High-tech (600736.SH) announced that its wholly-owned subsidiary, Suzhou High-tech Investment Management Co., plans to invest 135 million yuan to acquire a 9% LP stake in the Yuxin Fund from Suzhou Jinhesheng Holdings Co. This move aims to maintain the company's indirect equity ratio in the fund while expanding its project portfolio through other sub-funds [1]. Group 1 - The investment management company will pay 6.66 million yuan for the acquired paid-in capital and 128.34 million yuan for the remaining capital commitment to the Yuxin Fund [1]. - The company holds a 14.97% stake in Suzhou High-tech Venture Capital, which will dilute its indirect equity in the fund after transferring its existing fund shares to the Yuxin Fund [1]. - By allowing Suzhou Jinhesheng to hold the Yuxin Fund shares, the company can maintain its indirect equity ratio in the fund, which is beneficial for all shareholders [1]. Group 2 - The investment in the Yuxin Fund is expected to enhance the company's access to quality projects and enrich its project reserves [1].

Core Insights - The bond custody scale maintained rapid growth in April 2025, with a year-on-year growth rate of 15.5%, an increase of 0.6 percentage points from March. The newly added custody scale was 1.7 trillion yuan, showing a marginal decline month-on-month but remaining at a historically high level [2][5]. Group 1: Bond Market Overview - Government bonds and interbank certificates of deposit saw a seasonal increase, while treasury bonds experienced a seasonal decrease. The total supply of government bonds (including treasury and local government bonds) approached 1 trillion yuan in April, which is consistent with seasonal patterns, and remains higher than the same period last year [5]. - Major institutional investors included banks and asset management accounts. Commercial banks increased their holdings by 797.5 billion yuan, while insurance companies added 167.3 billion yuan, primarily increasing local government bonds. Asset management accounts increased by 1.1 trillion yuan, mainly in interbank certificates of deposit [5][6]. Group 2: Future Outlook - It is expected that bond supply in May will increase compared to April. The ability of banks to absorb this supply will depend on the liquidity provided by the central bank. Insurance companies are anticipated to adjust their bond allocation rhythm in line with local government bond supply [6]. - Asset management accounts are expected to see a recovery in funding increments, with a potential for continued stable growth in wealth management scale if liquidity remains loose [6]. Group 3: New Stock Issuance - Upcoming new stock issuances include companies like Xin Heng Hui and Hua Zhi Jie, with issuance dates in June 2025. The issuance prices range from 0.80 yuan to 11.50 yuan, with various underwriting firms involved [7]. Group 4: Industry News - In April 2025, the import value of automotive parts reached 1.7 billion USD, reflecting a month-on-month increase of 10% but a year-on-year decrease of 28.1% [11]. - According to Counterpoint, the global new energy vehicle battery installation volume is expected to grow by 22% year-on-year in 2024, with Chinese manufacturers capturing over 70% of the market share [12]. Group 5: Company Announcements - Jiuan Medical plans to register and issue medium-term notes and short-term financing bonds, with a total registration amount not exceeding 3.5 billion yuan [13]. - Zhongke Electric intends to invest up to 8 billion yuan in an integrated lithium-ion battery anode material project in Oman, with a planned annual production capacity of 200,000 tons [15]. - Aeston is planning to issue H-shares and list on the Hong Kong Stock Exchange [16]. - Li New Energy is set to invest approximately 1.25 billion yuan in three independent energy storage projects [18].