Fundraising - In 2024, there has been a noticeable increase in medium to long-term capital entering Shenzhen's private equity and venture capital industry, with the number of institutional investors rising to 17,110 and total contributions reaching 835.86 billion yuan, reflecting year-on-year growth of 0.76% and 0.41% respectively [1][2] - The participation of medium to long-term capital has increased by 16.74% compared to 2023, with total contributions amounting to 238.11 billion yuan [1] Investment - The focus on "early investment, small investment, and hard technology" has shown significant results, with investments in seed and startup projects reaching 9,462, marking a year-on-year increase of 4.28% [3] - Investments in small and medium-sized enterprises have also increased, with 13,732 projects funded, a growth of 3.87% year-on-year, and investments in initial technology enterprises rising to 5,678 projects with a total investment of 98.76 billion yuan, reflecting increases of 8.86% and 9.03% respectively [3] - Investment in high-tech enterprises has reached 10,899 projects, with a year-on-year growth of 5.71%, and an average annual growth rate of 11.14% over the past three years [3] - The private equity and venture capital industry in Shenzhen is aligning with the "20+8" strategic emerging industry cluster plan, with 4,893 projects and total investments of 110.99 billion yuan in these sectors, showing year-on-year growth of 2.11% and 0.96% respectively [3] Exit - The exit channels for the private equity and venture capital industry in Shenzhen have become increasingly accessible, with 1,954 exit projects in 2024, the highest in three years, and actual exit amounts reaching 58.83 billion yuan, a significant year-on-year increase of 70.28% [4] - The primary exit methods remain agreement transfers and corporate buybacks, with 1,369 projects completed through these channels, yielding an actual exit amount of 33.84 billion yuan, reflecting year-on-year growth of 107.11% and 81.25% respectively [4] - The public market exits have also seen strong growth, with 331 projects exiting through IPOs and other means, totaling 22.24 billion yuan, marking increases of 89.14% and 104.50% year-on-year [4] - Notably, the performance of overseas listings has been exceptional, with 28 projects achieving this in 2024, resulting in an exit amount of 2.21 billion yuan, which is 10.87 times that of 2023 [4]

私募股权创投行业作为资本市场的重要组成部分，对于促进科技创新、推动产业升级以及培育新经济增长点发挥着关键作用。近年来，在政策大力扶持与市 场机制的共同驱动下，深圳私募股权创投行业积极变革，在募资、投资、退出等核心环节取得了显著进展，整体呈现出回暖向好的发展态势。 截至2024年末，深圳私募股权创投基金投资于种子期、起步期企业项目9462个，同比增长4.28%，占比46.36%。其中，创业投资基金"投早"项目6029个，同 比增长9.74%，占比53.18%。这一数据表明，深圳私募股权创投行业在助力初创企业成长方面发挥着越来越重要的作用，为科技创新的种子提供了肥沃的土 壤和充足的养分。 2024年，国家对私募股权行业的支持政策陆续出台，为行业发展营造了良好的政策环境。在此背景下，中长期资金敏锐捕捉到深圳私募股权创投基金的投资 潜力，纷纷加大投资力度，使得行业募资结构得到明显优化。 据深圳证监局数据显示，截至2024年末，深圳私募股权创投基金管理人在管基金的机构投资者合计17110个，出资规模达8358.58亿元，同比分别增长0.76% 和0.41%，在全部投资者中的占比分别达到22.93%和59.01%。这一数 ...

党的二十届三中全会提出，要构建同科技创新相适应的科技金融体制，发展耐心资本。中央企业金融工 作会议将科技金融列为金融"五篇大文章"之首。今年政府工作报告指出要完善科技金融标准体系和基础 制度。当前，电力行业承担着推动高水平科技自立自强、建设新型电力系统、培育新质生产力、发展战 略性新兴产业等多重战略功能和重大使命，资本市场作为连接科技、产业和金融的重要枢纽，能够为促 进电力行业科技创新和产业创新深度融合提供资源协同、激励约束、定价评估等各项保障。 资本市场促进电力行业"科技—产业—金融"高水平循环，旨在以科技为核心支撑，以产业为归宿落点， 以金融为工具载体，依托资本市场工具和机制，以保障服务电力行业科技创新和产业创新为着力点和落 脚点，更好地适应电力行业在推进实现绿色低碳、数字转型、安全保供、经济高效等多重目标下的融资 保障、战略协同、资产盘活等现实目标，有效满足匹配前期技术研发、中期成果转化及后期产业化推广 等科技创新全生命周期需求和传统产业改造升级、战略性新兴产业发展布局和未来产业培育等产业创新 全链条、全环节需求。 资本市场工具助力电力行业 盘活资产 在资本市场工具方面，一是依托债权融资，发挥科创债券为 ...

【导读】上海证监局向辖区私募管理人发送通知，股权创投、主观和量化证券基金自评自纠要点出炉 近日，上海证监局向辖区私募基金管理人发送了《关于规范上海辖区私募基金管理人经营运作的通知》 （以下简称《通知》），要求私募管理人开展学习和自评，并在2025年6月15日之前完成自评自纠，形 成相关报告，并及时整改发现的问题。《通知》对股权创投基金、主观策略证券基金、量化策略证券基 金提出了不同的自查要求。 具体来看，《通知》要求私募对公司基本情况、存续私募基金运行情况、出资设立未备案合伙企业情况 开展自评自纠，但2025年5月31日之前已发布清算公告的私募基金或已提起工商注销流程的未备案合伙 企业，可不纳入本次自评自纠。 投资运作方面，《通知》对三类不同私募基金提出了不同的自评自纠要求： 一是股权创投类基金，自评是否聘请专业托管机构，如无，是否明确保障私募基金财产安全的制度措施 和纠纷解决机制；是否将投资管理职能部分或全部交由第三方或投资者行使；是否按照合同约定进行投 资；投资前是否开展尽职调查，是否存在自融自用、明股实债等情况；是否存在滚动发行、分离定价、 募新还旧等资金池运作情形；涉及关联交易是否履行约定的审核程序并 ...