（来源：青岛金融） （来源：青岛金融） 在2025年最后一天，青岛建源国惠股权投资基金合伙企业完成注册，基金规模十亿元，主要投向人工智能（含具身机器 人等）、高端装备等行业。 该基金的管理人为建信金投私募基金管理（北京）有限公司。 此次AIC基金由建设银行、山东省国惠、青岛市引导基金和崂山区共同发起设立，是金家岭金融区加速战略性"耐心资 本"和"长期资本"布局的重要举措，对因地制宜发展新质生产力、加快青岛科创大走廊建设将起到积极的支撑作用。 在2025年最后一天，青岛建源国惠股权投资基金合伙企业完成注册，基金规模十亿元，主要投向人工智能（含具身机器 人等）、高端装备等行业。 该基金的管理人为建信金投私募基金管理（北京）有限公司。 此次AIC基金由建设银行、山东省国惠、青岛市引导基金和崂山区共同发起设立，是金家岭金融区加速战略性"耐心资 本"和"长期资本"布局的重要举措，对因地制宜发展新质生产力、加快青岛科创大走廊建设将起到积极的支撑作用。 ...

今年10月31日，规模500亿元的首期江苏社保科创基金正式签约落地苏州，引来投资界瞩目。 12月19日，由全国社会保障基金理事会、江苏省、苏州市、中国工商银行共同发起设立的江苏社保 科创股权投资基金合伙企业（有限合伙）顺利通过中国证券投资基金业协会备案，江苏社保科创基金迈 入实质性运作阶段。 一份来自清科私募通的数据，道出了苏州创投的活力：2023年1月至2025年11月，苏州市新增备案 基金770只，募资规模高达2800亿元。 平均每月就有超过20只基金在苏州诞生，每月流入创投领域的资金近80亿元。 "国家队"重磅加持投下的这枚石子，势必将泛起科技创新和产业升级的层层波纹，铺就苏州这个全 国创投战略高地新的进阶之路。 "耐心资本"久久回响 超九成苏州上市企业获创投机构投资 观察苏州的创投，上市企业的"苏州现象"是一个切口。 今年11月，苏州资本市场完成"三天三连发"——丰倍生物登陆上交所，旺山旺水挂牌港交所，中诚 咨询上市北交所，苏州今年已新增境内外上市公司16家，其中新增境内A股上市公司9家，位居全国第 一；累计拥有上市公司281家，其中境内A股上市公司227家，位列全国第五。 从产业维度审视，跑进资本市 ...

一口气官宣市级低空经济产业基金、Pre-REITs基金、两只AIC基金落地、千亿元综合授信，12月9日， 龙华区在国际合作中心召开产融结合高质量发展大会，集中发布一批标志性产融结合成果，官宣落地百 亿级战略性新兴产业基金集群。龙华区还与12家主流金融机构现场签署6000亿元战略授信合作协议， 为"再造一个新龙华"提供最坚实的底盘支撑。 两只AIC基金重点布局 数字经济、AI等赛道 作为龙华区拓展金融"朋友圈"、厚植新质生产力的重要平台，本次大会汇聚头部投资机构、10余家银行 代表及30余家辖区企业。面向"十五五"，龙华区持续做好金融"五篇大文章"，以金融"活水"促进产 业"开新芽、参天树"。 "高科技企业面临的不仅是融资难、融资贵问题，更需要资本带动的全产业链赋能，本次大会为资金 方、产业方、企业方精准对接，协同联动搭建了很好的平台。"参加本次大会的龙华区一家专精特新企 业欣界能源相关负责人提到。作为龙华区深耕eVTOL固态电池领域的"小巨人"企业，欣界能源刚刚完成 数亿元的A轮融资。 "围绕专精特新企业和高成长性、初创型企业，我们持续加大普惠金融支持力度，既拓面也聚焦，左手 是'金融工具包'、右手是'企业诉 ...

Group 1 - The core viewpoint of the article is that the primary private equity market in China has reached a turning point, with optimism for the upcoming years, particularly 2026 [1] - The fundraising, investment, and exit sectors have all shown significant improvement, with new fund establishments and investment amounts increasing by 10% to 20% year-on-year, and exit scales growing by over 100% due to a recovery in the secondary market [2][3] - Long-term capital supply has notably increased, with "patient capital" from social security funds, insurance funds, and Asset Investment Companies (AIC) enhancing market liquidity, as evidenced by 99 AIC funds established since September 2024, totaling 198 billion yuan [3] Group 2 - Despite the increase in state-owned capital contributions, the scale of insurance capital investment has decreased year-on-year, as insurance capital has largely completed its primary market allocations and is adopting a more cautious investment strategy [3] - The performance realization degree in China's venture capital market is higher than that in the United States, with the cash return rate (DPI) reaching 1.0 in the seventh year being considered excellent [4][5] - The operation models of large state-owned funds align well with industry characteristics, making state capital a stable long-term funding source for the venture capital market [5]

Group 1 - The AIC (Asset Investment Company) is becoming a new trend in investment and financing, with significant acceleration in the issuance of AIC licenses and active establishment of funds across various regions [1] - As of now, the number of approved AICs has increased to 9, with the establishment of the first joint-stock bank AIC, Xinyin Financial Asset Investment Co., marking a shift from the previous dominance of the five major state-owned banks [1] - The AIC funds are experiencing rapid growth, with notable large-scale funds being established, such as the first AIC mother fund, Jianyuan Zhengxing Fund, with a scale of 7 billion yuan, and the Hubei Zhongying Changjiang Fund targeting a scale of 10 billion yuan [1] Group 2 - Shanghai is the first city in the country to launch the AIC equity investment pilot for technology enterprises, with six major AICs, including the headquarters of Jiaoyin Investment located in Shanghai [2] - In 2025, with the relaxation of policy restrictions and the release of market vitality, regions like Baoshan and Pudong are seizing new investment opportunities by introducing AIC funds, such as the Shanghai Puchuang Qihang Private Investment Fund with registered capital exceeding 3 billion yuan [2] - The Acme Research Institute, initiated by Zhangtong Information Technology Co., focuses on research related to technology enterprises and industries, providing high-quality data products and customized consulting services based on policy guidance and industry development [2]

Group 1 - The establishment of the "China International Science and Technology Promotion Association Mother Fund Branch" aims to enhance the role of mother funds in China's capital market and promote the healthy development of the investment industry, particularly the mother fund sector [1][15][17] - The branch will focus on guiding social capital towards innovative and entrepreneurial enterprises, leveraging government resources and strategic advantages [1][4] Group 2 - A new 100 billion AIC fund has been established in Hubei, with a first phase subscription of 10 million, focusing on high-end equipment manufacturing, artificial intelligence, and biomedicine [2][3] - The fund aims to provide comprehensive lifecycle services to invested companies, supporting the transformation of technological achievements in Hubei [2][4] Group 3 - Jiangtou Fund has launched two regional development funds, with a total management scale exceeding 15.8 billion, targeting key industries such as ceramics and new energy materials [5] - These funds will operate in a market-oriented manner, focusing on equity investment to support local economic development [5] Group 4 - Guoxin Fund has invested in Wanli Tire's Pre-IPO round, supporting the development of high-end tires and the new energy vehicle industry [6][8] - Wanli Tire is recognized as a leading provider of green passenger tires and has achieved significant technological advancements [8][9] Group 5 - The Fuzhou Newruite medical isotope and drug industrialization project has commenced, with a total investment of approximately 200 million, aimed at producing radioactive diagnostic and therapeutic drugs [10][12][13] - This project is expected to enhance the regional nuclear medicine industry and promote clinical applications of advanced nuclear medicine technologies [12][13] Group 6 - Everbright Holdings successfully issued 1.5 billion RMB of panda perpetual medium-term notes, with a record low interest rate of 2.17% for the same term [14] - The issuance received strong demand from institutional investors, reflecting market confidence in the company's development [14]

Core Insights - The AIC equity investment pilot program in Guangzhou has been operational for over a year, with 11 AIC funds established, totaling over 16.8 billion yuan in investment, significantly supporting key projects in advanced manufacturing, new energy, and information technology [2][5][6] Financial Landscape - Guangzhou has nearly 400 licensed financial institutions, with total financial assets exceeding 13 trillion yuan. The financial sector's added value reached 304.9 billion yuan in 2024, making it the city's third-largest pillar industry [3][4] - By the first three quarters of 2025, the financial sector's added value grew by 6.1% year-on-year, contributing 10.6% to the city's GDP, highlighting its role in driving economic growth [3] AIC Fund Development - The AIC pilot program was expanded to Guangzhou and 18 other cities in September 2024, allowing for increased investment limits in equity funds [3][4] - The first AIC fund in Guangzhou was established shortly after the policy announcement, with a strategic cooperation agreement signed to launch a 10 billion yuan fund [4][6] Attraction Factors for AIC Funds - Guangzhou's appeal to AIC funds is attributed to its strong industrial base, supportive policies, and innovative services, creating a conducive environment for investment [6] - The city has developed a modern industrial system and a robust venture capital ecosystem, providing ample project opportunities for AIC investments [6] Future Directions - The next steps for the AIC pilot program in Guangzhou include establishing a regular joint meeting system, leveraging national policies, and promoting project cooperation to enhance the effectiveness of financial services for the real economy [7] - AIC is expected to play a crucial role in supporting technology enterprises and enhancing the financial ecosystem in Guangzhou [9]

Core Insights - The AIC direct equity investment pilot program in Guangzhou has achieved significant results, with 11 funds established and a total scale exceeding 16.8 billion yuan [1] Group 1: Investment Scale and Impact - As of November 11, 2024, 11 AIC funds have been launched in Guangzhou, with a total investment scale surpassing 16.8 billion yuan [1] - These funds have effectively supported the development of key projects in advanced manufacturing, new energy, and next-generation information technology in Guangzhou [1]

Core Insights - Guangzhou has established 11 AIC funds with a total scale exceeding 16.8 billion yuan, supporting key projects in advanced manufacturing, new energy, and next-generation information technology [1][2] Group 1: AIC Fund Overview - The AIC funds are initiated by financial asset investment companies, focusing on equity investments to support technological innovation and strategic emerging industries, characterized by large amounts, long cycles, and high risk tolerance, representing "patient capital" [1] - The total scale of AIC funds in Guangzhou has surpassed 16.8 billion yuan since the approval of the AIC direct equity investment pilot in September 2024 [1] Group 2: Financial Sector Growth - Guangzhou has nearly 400 licensed financial institutions, with total financial assets exceeding 13 trillion yuan [1] - The financial sector's added value in Guangzhou grew by 6.1% year-on-year in the first three quarters of 2025, an increase of 1.3 percentage points compared to the first half of the year, accounting for 10.6% of the city's GDP [1] - As of the end of August, loans to scientific research and technical services in Guangzhou increased by 19.8%, surpassing the average growth rate of all loans by 11.9 percentage points [1] Group 3: Venture Capital Development - Guangzhou is actively cultivating the venture capital market, establishing a 150 billion yuan industrial investment mother fund, a 50 billion yuan venture capital mother fund, and a 10 billion yuan angel mother fund, along with specialized funds for artificial intelligence and biomedicine, each with a scale of 20 billion yuan [2] - The city has nearly 750 private fund managers managing around 4,800 private funds with a total management scale of approximately 530 billion yuan, providing a rich resource for AIC's development in the region [2] Group 4: Future Plans - The Guangzhou Municipal Financial Office plans to continue improving relevant work mechanisms and actively guide AIC to gather more resources to empower high-quality development in Guangzhou, fostering a strong ecosystem of collaboration between AIC and local capital, as well as between industry and finance [2]

Core Insights - The AIC market is experiencing significant changes with the entry of new players, particularly the approval of the first joint-stock bank AIC, Xingyin Investment, which marks a shift from state-owned banks dominating the market to a more diversified competitive landscape [1][3][5] Group 1: Market Developments - Xingyin Investment, a wholly-owned subsidiary of Industrial Bank, received regulatory approval to commence operations, with a registered capital of RMB 10 billion [3] - The establishment of Xingyin Investment is seen as a critical step in supporting the national strategy and empowering the real economy, particularly in aiding tech and private enterprises [3][5] - The AIC market is expanding rapidly, with several banks, including CITIC Bank and China Merchants Bank, also receiving approvals to establish their AICs, indicating a trend towards increased participation from joint-stock banks [5][6] Group 2: Investment Trends - The investment landscape within the AIC sector is becoming increasingly active, with various funds being established, such as the Jiangsu Social Security Sci-Tech Fund, which has a first-phase scale of RMB 50 billion [7] - Another notable fund, the Shenzhen Jianyuan Zhengxing Equity Investment Fund, aims to become the largest AIC fund in the country, with an overall scale projected to reach RMB 20 billion [8] - Major state-owned banks have reported significant progress in their AIC investments, with Industrial Bank establishing 28 AIC equity investment funds and Agricultural Bank serving nearly 300,000 tech enterprises [9] Group 3: Future Outlook - Analysts predict that the AIC sector will see a doubling in the number of institutions, with a competitive landscape emerging where state-owned banks leverage scale and policy resources, while joint-stock banks focus on flexibility and industry specialization [6] - The collaboration between government-guided funds and social capital is becoming more pronounced, facilitating long-term capital inflow into the tech innovation sector [10] - The active participation of AICs reflects a consensus on the need for innovation-driven development, emphasizing resource optimization and long-term investment strategies [10]