解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 以下文章来源于解码LP ，作者周佳丽 管理着6 4 0亿港元，港投公司被誉为"港版淡马锡"，重点投向硬科技、生命科技及新能 源等高成长领域。成立以来，港投公司身影活跃，截至今年1 0月底已投资超过1 5 0个项 目，收获两个I PO，堪称最忙碌的政府投资基金。 遴选出炉。 作者/周佳丽 报道/投资界-解码LP 投 资 界 - 解 码 LP 获 悉 ， 香 港 投 资 管 理 有 限 公 司 （ 简 称 ： 港 投 公 司 ） 近 日 公 布 了 " 新 资 本 投资者入境计划"下"投资组合"的" 2 0 2 5资金组别"获委任的十家投资机构： 港版淡马锡，宣布十家机构 盘实资本、海阔天空创投、CMC资本、晨壹基金、隐山资本、M Ca p i t a l、柏骏资本、 春华资本、信宸资本/中信资本与远信资本投资管理有限公司及惠理集团。 香港"新资本投资者入境计划"，最先是在2 0 2 3年3月由香港特别行政区政府在《有关香 港 发 展 家 族 办 公 室 业 务 的 政 策 宣 言 》 中 提 出 ， 作 为 发 展 家 族 办 公 室 的 8 大 ...

Core Insights - The article discusses the strategic movement of mainland venture capital firms towards Hong Kong, highlighting the establishment of new funds and the acquisition of necessary licenses to facilitate this transition [1][2][4]. Group 1: Fund Establishments and Collaborations - CMC Capital and HKIC have jointly established the "CMC AI Creative Fund," focusing on generative AI applications in the creative industry, with a total investment of $130 million in LiblibAI's Series B funding [2]. - The Gobi-Redbird Innovation Fund (Gobi-RIF) was created by Hong Kong University, HKIC, and Gobi Capital to support early-stage startups incubated by the university, aiming to commercialize cutting-edge academic research [3][4]. Group 2: Investment Focus and Goals - Gobi-RIF will invest in 15 to 20 startups over 7-8 years, targeting sectors such as biotechnology, Industry 4.0, AI, robotics, and fintech, with three companies already receiving funding [4]. - CMC Capital aims to leverage Hong Kong's international data environment and policy advantages to establish the city as a hub for GenAI innovation in Asia [3]. Group 3: Licensing and Regulatory Developments - Several mainland VC and PE firms, including Bohua Capital and Jiangyuan Investment, have successfully obtained Hong Kong's SFC licenses for securities advice and asset management, marking significant steps towards internationalization [5][6]. - The article notes that many VC firms are in the process of setting up offices in Hong Kong to enhance their international investment capabilities [6]. Group 4: Market Trends and Opportunities - The Hong Kong stock market has shown strong performance, with the Hang Seng Index and Hang Seng Tech Index both rising approximately 30% this year, boosting confidence in the primary market [8]. - The Hong Kong government is actively promoting the innovation and technology sector, with initiatives aimed at establishing the city as an international innovation and technology center [8].

Core Insights - CMC Capital and HKIC have established the "CMC AI Creative Fund" to invest in AI applications, marking a shift in AI investment focus from foundational models to application layers [1][3][8] - The fund aims to position Hong Kong as a global hub for generative AI (GenAI) in the creative industry, leveraging local resources and policies [3][4] Investment Highlights - The fund participated as a lead investor in LiblibAI's Series B financing, which raised $130 million, the largest AI application funding round this year [1][5] - LiblibAI has become China's largest multimodal model and creative community, integrating various AI capabilities and supporting over 20 million AI creators [5][6] Strategic Objectives - CMC Capital aims to drive industry transformation through systematic investments in AI, focusing on the integration of technology, scenarios, and ecosystems [7][8] - The partnership with HKIC is designed to attract global enterprises and talent to Hong Kong, particularly in the cultural and creative sectors [8] Market Positioning - CMC Capital has expanded its investment portfolio to include cutting-edge technologies such as AI, autonomous driving, and new energy, reflecting a commitment to supporting innovative economic growth [4][7] - The establishment of the fund is seen as a long-term vision to foster industry change and create successful AI application models in Hong Kong [8]

Core Viewpoint - CMC Capital is expanding its investment landscape into artificial intelligence (AI) through the establishment of the "CMC AI Creative Fund" in collaboration with Hong Kong Investment Company (HKIC), marking a shift in AI investment focus from foundational models to application layers [2][4][12]. Group 1: Investment Strategy - The "CMC AI Creative Fund" aims to leverage Hong Kong's international data environment and mature cultural creative industry to establish the city as an Asian hub for generative AI (GenAI) innovation [4][6]. - CMC Capital has a decade-long history of investment across various sectors, including TMT, consumer, and new energy, and is now focusing on cutting-edge technology investments such as AI, autonomous driving, and digital transformation [5][11]. Group 2: Collaboration and Synergy - The partnership between CMC Capital and HKIC integrates their complementary strengths in industry resources, technical talent, and capital operations, representing a deep fusion of market-oriented investment and government strategic platforms [5][12]. - HKIC, established by the Hong Kong government, focuses on long-term financial returns while supporting new growth drivers, having invested in over 130 projects in hard technology, life sciences, and green technology [5][6]. Group 3: LiblibAI and Market Position - LiblibAI, founded at the end of 2023, has become China's largest multimodal model and creative community, integrating various AI capabilities and nurturing over 20 million AI creators [8][9]. - The platform's unique "tool integration + community ecosystem" strategy distinguishes it in a landscape where AI foundational models are becoming increasingly similar [8][9]. Group 4: Future Outlook - CMC Capital aims to capture the transformative potential of generative AI in content creation and media entertainment, focusing on building a complete ecosystem that supports high-potential teams for scalable commercial success [11][12]. - The collaboration is expected to create a successful case study in AI applications within the cultural creative industry, attracting global enterprises and young talent to Hong Kong [12].

近日，CMC资本与香港投资管理有限公司（HKIC，以下简称"港投公司"）共同创立"CMC AI创意基金"，并作为联合领投方参与了中国最大多模态模型与创 作社区LiblibAI的B轮融资。本轮融资总额达1.3亿美元，是今年迄今为止AI应用赛道最大的一笔融资，也标志着AI投资热点正从底层模型转向应用层。 01强强联合：双轮驱动资源优势，推动香港成为全球 GenAI创意枢纽 "CMC AI创意基金"聚焦生成式人工智能（GenAI）在创意产业的应用与创新。该基金依托香港国际化数据环境、成熟文创基础及香港本土及大湾区政策优 势，助力香港建设亚洲GenAI创新枢纽。CMC资本与港投公司的合作，整合了双方在产业资源、技术人才、政策区位与资本运作的互补优势，是市场化投资 机构与政府战略平台的深度融合。 当前，生成式AI技术正经历革命性突破，其多模态内容生成能力为创意产业带来效率跃升、体验焕新、生产关系重构的三重机遇。随着生成式AI技术从实 验室走向商业化应用，CMC资本捕捉并发掘到这一变革性技术对内容创作、媒体娱乐等传统领域的重塑潜力，果断依托过往在科技领域的深度积累，旨在 通过系统性投入，构建"技术+场景+生态"的完整闭环 ...

Core Insights - CMC Capital and HKIC have jointly established the "CMC AI Creative Fund" and participated as co-leads in a $130 million Series B financing round for LiblibAI, marking the largest AI application financing in 2023, indicating a shift in AI investment focus from foundational models to application layers [1][3] Group 1: Fund and Investment Focus - The "CMC AI Creative Fund" focuses on the application and innovation of generative artificial intelligence (GenAI) in the creative industry, leveraging Hong Kong's international data environment and policy advantages to establish it as an Asian GenAI innovation hub [3][6] - HKIC, established by the Hong Kong government, aims to create long-term financial returns while supporting new growth drivers, having invested in over 130 projects with a focus on hard technology, life sciences, and green technology, particularly in AI and embodied intelligence [3][6] Group 2: Strategic Collaboration - The collaboration between CMC Capital and HKIC integrates their complementary advantages in industry resources, technical talent, and capital operations, representing a deep integration of market-oriented investment and government strategic platforms [3][6] - CMC Capital has expanded its investment scope over the past decade into various sectors, including digitalization, autonomous driving, and cutting-edge technologies like AIGC, supported by its extensive content ecosystem [4][6] Group 3: LiblibAI Overview - LiblibAI, founded in late 2023, has become China's largest multimodal model and creative community, integrating capabilities across images, videos, and 3D, and has incubated over 20 million AI creators [4][5] - The platform's unique "tool integration + community ecosystem" strategy has allowed it to stand out, combining leading video and image generation models with a lightweight training mechanism for creators [5] Group 4: Future Directions - The establishment of the "CMC AI Creative Fund" signifies a long-term vision for industry transformation, with CMC Capital reinforcing its commitment to technology investment and HKIC acting as a connector to attract global enterprises and young talent [6] - Future focus areas for the fund include generative AI software, AI hardware, and AI-enabled international expansion, aiming to drive the deep integration of technology, application scenarios, and ecosystems in Hong Kong and the Greater Bay Area [6]