从早期技术孵化到成熟产业升级，从区域特色布局到全球资源整合，弘晖团队始终以基金为桥梁，链接科技创新与产业发展，充分发挥"耐心资 本"的优势，既聚焦医疗健康领域的核心技术突破和与智能科技的结合，让"投早、投小、投创新、投硬科技"的导向转化为实实在在的产业成果，为 培育壮大新质生产力、推动医疗大健康和科技智造产业高质量发展注入持久动力。 来源： 弘晖基金 2025年内，弘晖基金已接连落地两支早期产业基金，合计募集规模8亿元。从南京生物药械早期赛道到重庆智慧医疗装备领域，弘晖以精准布局衔 接区域产业禀赋，以资本赋能地方产业升级，持续深耕医疗大健康与科技智造核心赛道。 2025年5月，弘晖基金落地3亿元规模的弘晖南京天使基金，专项聚焦生物药械早期领域，秉持"投早投小、深耕前沿"理念，重点支持生命科学前沿 技术转化与初创企业孵化。该基金获得南京地方引导基金、国资平台及博瑞医药、维亚生物等产业投资人联合支持，同时引入匹配基金方向的专业人 才推进项目落地，进一步夯实区域生物药械产业创新生态。 时隔半年，弘晖基金再添新基金。2025年12月，首期5亿元规模的弘晖重庆新质生产力基金正式完成备案，这也是重庆市首支聚焦智慧医疗装备 ...

Summary of Key Points Core Viewpoint - The article highlights the recent fundraising activities in the investment sector, showcasing a total of 17 fundraising events with a combined scale exceeding 420 billion RMB from June 1 to June 30, 2025, indicating a robust investment climate in China [1]. Group 1: Fundraising Initiatives - China Pacific Insurance launched a 500 billion RMB strategic merger and acquisition fund and private equity fund, focusing on state-owned enterprise reform and modern industrial system construction in Shanghai [3][5]. - China Merchants Capital successfully issued a 10 billion RMB 5-year term technology innovation bond, marking a significant milestone for venture capital institutions in Shenzhen [6]. - Zhongke Chuangxing issued a 4 billion RMB technology innovation bond, becoming the first private equity investment institution to do so in China [7][8]. - Dongfang Fuhai issued a 4 billion RMB technology innovation bond, achieving a subscription multiple of 6.32 times, setting multiple records in the bond market [9]. - Honghui Fund completed the fundraising of 300 million RMB for the Nanjing Angel Fund, focusing on early-stage investments in biopharmaceuticals [10]. - Chaoxi Capital completed the first closing of its second RMB main fund with a scale of 700 million RMB, supported by various industry LPs [11]. - CITIC Capital established the first biopharmaceutical industry fund in Jilin, enhancing collaboration with local governments [12][13]. - Hillhouse Capital set up a new fund in Beijing with a target scale of 3 billion RMB, focusing on AI and smart manufacturing [14][15]. - Yida Capital issued the first technology innovation bond for private venture capital institutions, raising 150 million RMB [16][17][19]. - Mifang Health Fund completed the fundraising of a new USD fund, focusing on early-stage pharmaceutical innovations [20]. - Jiayu Capital launched a cross-border e-commerce fund in Ningbo, aiming to support local enterprises in global trade [21][22]. - Junlian Capital successfully issued a 300 million RMB technology innovation bond, marking a significant achievement for private venture capital institutions in Beijing [23]. - Suzhou Xiandao and Midea Capital jointly established a 310 million RMB industry fund, marking a new collaboration model [24][25][26]. - Yunhui Capital completed the first closing of its fifth RMB main fund, focusing on AI and smart manufacturing [27][29]. - Bohao S Fund completed the final closing and initial distribution of its third fund, emphasizing its investment strategy [30][31][32]. - Gaolu Capital established a second industrial logistics income fund with a total investment scale of nearly 4 billion RMB [33][34]. - Green Capital and Huaihua City established a 505 million RMB industry investment fund, focusing on new materials and clean energy [35][36].

Core Viewpoint - The article highlights the establishment and recruitment of various mother funds across multiple cities in China, focusing on sectors such as robotics, new energy, integrated circuits, new materials, artificial intelligence, and low-altitude economy [1][4][10]. Fund Establishment - Several cities including Shenzhen, Nanjing, and Tianjin have announced the establishment or registration of funds, primarily targeting sectors like biopharmaceuticals, smart healthcare, high-end medical devices, and integrated circuits [1]. - The China Pacific Insurance Company has launched a new merger and acquisition private equity fund with a target size of 30 billion yuan and an initial size of 10 billion yuan [2]. Specific Fund Initiatives - The Jintan District Industry Innovation Development Mother Fund is seeking general partners (GPs) with a total scale of 10 billion yuan, focusing on five new industries including new energy and new medical technology [3]. - The Pukou District High-Quality Development Mother Fund is also recruiting GPs, emphasizing investment in strategic emerging industries such as integrated circuits and artificial intelligence [4]. - The Shanghai State-owned Assets Fund has selected 17 sub-funds, with a total investment amount of 4.15 billion yuan, focusing on integrated circuits and biomedicine [6]. Investment Strategies - The Hangzhou High-tech Zone plans to establish an industry investment fund and an intellectual property fund, focusing on smart IoT, biomedicine, and green energy [9]. - The Yangzhou Biopharmaceutical Industry Fund has been set up with a total scale of 1.5 billion yuan, targeting innovative drug development and high-end medical devices [10]. - The Nanjing Biomedical Valley is seeking fund managers for a specialized fund focusing on medical engineering and biomedicine, with a maximum scale of 300 million yuan [12]. New Fund Launches - The first S fund in Yancheng has been established to support technology innovation and modern industrial system construction [13][14]. - The Shenzhen Artificial Intelligence Terminal Industry Fund has been set up with a total investment of 1.44 billion yuan, focusing on equity investment and asset management [19]. - The first QFLP fund in Fangchenggang has been registered, targeting strategic emerging industries such as healthcare and advanced manufacturing [20]. Collaborative Efforts - The Qianhai Dinghui Deep Hong Kong Co-investment Fund has been established to focus on artificial intelligence and biotechnology, promoting deep collaboration between Shenzhen and Hong Kong [21]. - The Tianjin Chip Fire Integrated Circuit Venture Capital Fund has been officially registered, aiming to support the development of the integrated circuit industry [22]. Regulatory Developments - The Guangdong Provincial Government has issued a management method for government investment funds, emphasizing performance evaluation and management fees [23].

Group 1: New Fund Establishments - Shenzhen Artificial Intelligence Terminal Industry Private Equity Investment Fund has been established with a total investment of 1.44 billion yuan, focusing on equity investment and asset management [2] - Hubei Humanoid Robot Industry Investment Fund has been established with a total investment of 5 billion yuan, targeting unlisted companies and private equity activities [3] - Guangxi Liugong Huasheng Venture Capital Fund has been registered with a total scale of 500 million yuan, focusing on health, advanced manufacturing, and artificial intelligence sectors [3] Group 2: Strategic Focus and Goals - Shenzhen's action plan aims for the artificial intelligence terminal industry to reach a scale of over 800 billion yuan by 2026, with a target of 1 trillion yuan [2] - The QFLP fund in Guangxi aims to leverage policy advantages to promote innovation in traditional Chinese medicine and smart healthcare [4] - The "QFLP fund" will enhance the synergy of "medicine + technology + capital" in the medical trial zone, injecting new momentum into regional economic development [4] Group 3: Investment Strategies and Areas - The QFLP fund will focus on strategic emerging industries, including health, advanced manufacturing, and artificial intelligence [3] - The "Qianhai Dinghui Deep Hong Kong Co-investment Fund" will invest in cutting-edge fields such as artificial intelligence and biotechnology [5] - China Pacific Insurance's "Taibao New M&A Private Fund" aims for a target scale of 30 billion yuan, focusing on state-owned enterprise reform and modern industrial system construction in Shanghai [6][7] Group 4: Financial Ecosystem and Support - China Pacific Insurance has established a comprehensive financial service system to support over 7,000 technology enterprises, with a loan balance of nearly 200 billion yuan [13] - The "Chengtong Science and Technology Investment Fund" aims to support hard technology sectors with a total planned scale of 30 billion yuan [8] - The fund will focus on seed, startup, and growth-stage technology innovation companies, providing long-term funding support for marketable laboratory results and disruptive technologies [9]