Core Insights - The Chengdu-Chongqing Economic Circle is rapidly developing, with the Chengdu-Chongqing dual core expected to achieve a GDP of 4.87 trillion yuan in 2024, accounting for 55.83% of the economic circle [1] - The dual core has established a three-tier cooperation mechanism to enhance collaboration between the two cities, focusing on five key areas of development [1] Economic Performance - In the first half of this year, the Chengdu-Chongqing dual core achieved a GDP of 2.47 trillion yuan, with Chengdu contributing 1.21 trillion yuan, representing 57.2% of the economic circle [1] - The cumulative operation of the China-Europe Railway Express has surpassed 120,000 trains, with 38,000 trains originating from the Chengdu-Chongqing brand, maintaining a leading position in the country [2] Infrastructure Development - The Chengdu-Chongqing dual core is enhancing infrastructure connectivity, with daily high-speed train services increasing to 102 pairs and average intervals reduced to 5-10 minutes [2] - The two cities are jointly working on the construction of a world-class airport cluster, aiming to improve international air rights and resource allocation [2] Industrial Collaboration - The Chengdu-Chongqing region has developed two national advanced manufacturing clusters, with a total scale exceeding 2.2 trillion yuan, focusing on electronic information and biomedicine [4] - The automotive industry cluster has attracted over 600 smart connected vehicle component companies, with significant advancements in hydrogen fuel cell vehicles and electric vehicles [5] Innovation Ecosystem - The Chengdu-Chongqing dual core aims to build a nationally influential technology innovation center, with initiatives for policy sharing and collaborative research [8] - The establishment of the first national laboratory in the western region and various collaborative laboratories is underway to support innovation in multiple sectors [8] Financial Integration - The dual core is enhancing financial services to support the real economy, including the establishment of a cross-regional foreign debt facilitation pilot and a unified rural property trading market [9][10] - Collaborative financial initiatives have led to the creation of investment funds exceeding 15 billion yuan to support strategic emerging industries [10] Public Service Enhancement - The implementation of a credit report system to replace multiple compliance certificates is set to improve efficiency for businesses operating across the two cities [11] - A cultural tourism corridor has been established, featuring a joint card for over 60 scenic spots, promoting integrated cultural and tourism development [11][12]

Core Viewpoint - Chongqing is launching a significant initiative to create a trillion-yuan innovation fund ecosystem, aiming to enhance regional innovation and development through substantial financial support [1][10]. Group 1: Fund Creation and Support - The "Mingyue Lake Collaborative Innovation Action Plan" aims to establish a fund ecosystem exceeding 1 trillion yuan, providing robust support for technological innovation [1][10]. - Chongqing will implement a comprehensive investment system, including "transfer investment + direct investment + fund" throughout the innovation lifecycle, with annual allocations of no less than 50 million yuan for transfer investments and 100 million yuan for direct investments [1][2]. - The city is leveraging existing funds and partnerships with social capital, such as Hillhouse Capital, to create a comprehensive funding network that supports enterprises at various development stages [2][3]. Group 2: Policy Framework and Measures - Chongqing has consistently prioritized venture capital development, as evidenced by the implementation of the "Implementation Plan for Promoting High-Quality Development of Venture Capital" in September 2024, which outlines 20 measures across six key areas [4][5]. - The plan focuses on the entire venture capital process, including nurturing diverse investment entities, enhancing government funding roles, and optimizing the investment environment [5][6]. - Recent measures from the Chongqing High-tech Zone aim to create a comprehensive policy framework that supports all aspects of fund establishment and management, with incentives such as up to 10 million yuan for fund establishment and 50% risk compensation for failed investments in high-tech enterprises [6][8]. Group 3: Fund Performance and Impact - The Two Rivers New Area has successfully managed 33 private equity funds, establishing a support system for enterprises throughout their lifecycle, with total investments reaching 27 billion yuan and leveraging over 220 billion yuan in social investment [11]. - The establishment of the 200 billion yuan Chongqing Industrial Investment Mother Fund and other significant funds reflects the city's commitment to fostering a robust venture capital environment [9][8]. - The current trend in the mother fund industry indicates a shift towards a matrix of guiding funds, enhancing specialization and market-oriented approaches to drive industrial investment [12][13].