A week of industrial fund summary | Zhengzhou Industrial Fund will increase to 50 billion; Wuhan will set up a 50 billion parent fund

This week, Zhengzhou, Wuhan, Yunnan, Anhui and other real estate industry guidance funds have made great movements. Specifically, Zhengzhou announced that the size of the municipal industrial development parent fund has increased from 20 billion yuan to 50 billion yuan; Anhui Province has selected and management agencies for its green food industry fund parent fund; Yuan's government industry guides investment funds; Zhaotong City, Yunnan Province proposes to establish a key industry fund with a total scale of 10 billion.

The size of Zhengzhou's parent fund expands to 50 billion yuan

On August 17, the Zhengzhou Municipal People's Government announced that the planning promotion of the Central Plains Science and Technology City and the relevant policy press conference announced that the size of the municipal industrial development parent fund increased from 20 billion yuan to 50 billion yuan. It is reported that Zhengzhou Industrial Development Mother Fund was established in 2019 with a scale of 20 billion yuan. In the past few years, he has participated in major industrial projects such as ultra -fusion. Cumulative investment supports more than 160 SMEs. Play a positive role.

In order to better play the role of fund leverage and the function of resource integration, and achieve the goal of reshaping the government investment fund management system and mechanism, Zhengzhou City will increase the scale of industrial funds and increase the scale of municipal industrial development from 20 billion yuan to 50 billion yuan to 50 billion yuan Yuan, the proportion of direct investment in fiscal funds is not less than 10%, encouraging and guiding municipal state -owned enterprises to contribute up to 30%, and build a long -term mechanism for government investment -oriented funds to build a government investment with a scale of not less than 200 billion yuan. Fund groups.

In addition, industrial funds will classify the operation-divided into strategic investment funds, technology incubation funds and industrial cultivation funds; they will serve the introduction of major industrial projects, attract core companies, support core enterprises, support through direct investment and establishment of special sub-funds. Major innovation and transformation of scientific and technological achievements, and build goals covering scientific and technological innovation, electronic information, automobiles and equipment manufacturing, and digital economy.

At the same time, Zhengzhou City talked about further optimizing the fund investment ecosystem. Significant relaxation of the child fund's return requirement, reduced the request of the sub -fund return from 1.5 times to double, and relaxed the standard of return. Sub -fund funds such as angels and venture capital are up to 50%of sub -funds.

Anhui tens of billions of green food industry fund selection GP

On August 15, the Anhui Provincial Department of Agriculture and Rural Affairs issued the Anhui Green Food Industry Fund's parent fund management agency selection announcement. It is reported that the fund has a total scale of 10 billion yuan and a first phase of 2 billion yuan. According to the "Anhui Provincial Emerging Industry Guidance Fund Establishment Plan", the fund operates with the "mother -child fund" structure and sets up several sub -funds in the form of investment participation to form a fund group; Focusing on the development of the green food industry, in accordance with the policy orientation, industrial orientation, and market -oriented, it mainly invests in major projects, important industries, and key enterprises in the agricultural and rural areas. In addition, the fund must give full play to the role of fiscal funds to amplifies and guide social capital to comprehensively increase effective investment in Anhui agricultural and rural areas.

According to the announcement, the management fee received by the fund manager does not exceed 1%in principle. Applicants participating in the selection should be the company's (or limited partnership) enterprise registered in the People's Republic of China. The actual payment of capital shall not be less than 10 million yuan, and the fund manager registration is completed at the China Securities Investment Fund Association. In addition, members of the management team have not been punished by the administrative authority and judicial organs; they have not been punished by industry self -discipline organizations within 3 years. At the same time, applicants must promise sufficient funding capabilities and can use their own funds or parent companies of the management agency to have their own funds. The amount of contribution is not less than 20 million yuan. Or the partnership agreement is clear.

Wuhan will set up a 50 billion industry guidance fund

This month, Wuhan Local Finance Bureau led the "Several Support Policies (Draft for Solicitation of Opinions) on Accelerating the Development of the Equity Investment Industry" (hereinafter referred to as "Draft for Soliciting Opinions"), and proposed to establish a government with a total scale of 50 billion yuan Industry guidance investment funds.

Specifically, the "Draft for Soliciting Opinions" proposes to give play to the guidance of the financial capital industry and multi -level amplification function, and strive to achieve the scale of Wuhan Fund by not less than 300 billion yuan by 2025. At the same time, the strategic parent funds, key industrial funds, special sub -funds, etc. will be established together. The funds will mainly focus on various equity investment such as angel investment, and entrepreneurial investment in Wuhan's key industries, technology -based enterprises, and advantageous projects.

According to the "Draft for Soliciting Opinions", the municipal and district governments guided funds to participate in the establishment of the mother and child funds in the establishment of the mother and child fund shall not exceed 20%of the mother -child fund. Relax, but not more than 40%.

In terms of fundraising, Wuhan will introduce policies to encourage various types of pensions, insurance funds, bank wealth management subsidiaries and other long -term capital expansion of equity investment, and provide subsidies for subsidies for social security funds, insurance funds, wealth management funds, annuities, etc. , To broaden the fund fundraising channel.

In addition, Wuhan supports the establishment of secondary market funds and mergers and acquisitions funds. Encourage various types of capital to initiate the establishment of a private equity equity secondary market fund (S fund), M & A fund, and encourage the existing parent funds to introduce the strategy of secondary market funds (S strategies) to the equity investment fund, the second -hand share of the investment project, or the equity. Eliminate the exit of equity investment. Based on 1%of the actual investment amount of the S fund in Wuhan, its manager is rewarded, and the cumulative reward of each equity investment management institution does not exceed 10 million yuan. Yunnan Zhaotong established a 10 billion -level key industry development fund

Recently, the People's Government of Zhaotong City, Yunnan Province issued the "Implementation Plan for the Development of the Development of Zhaotong" (hereinafter referred to as the "Plan"), and proposed the establishment of a key industrial fund with a total scale of 10 billion. It is reported that the fund will be invested in the city's green energy, green silicon aluminum, plateau characteristic agriculture, new materials, cultural tourism recreation, biomedicine, modern logistics, and digital economy. Accelerate the transformation and upgrading of local industries.

According to the "Plan", the total scale of Zhaotong's development key industrial funds is 10 billion yuan, and the first phase of the raising of 1 billion yuan will be raised by the end of 2022. Among them, Zhaotong's financial capital contributed 1 billion yuan, accounting for 10%of the total scale of the fund. The 500 million yuan funded in the first phase passed the overall planning of the municipal capital, and the funds were arranged according to the fund raising and operation. In addition, Zhaotong Development Group, as the main initiator, contributed 500 million yuan, accounting for 5%of the total scale of the fund, of which 100 million yuan was invested in the first phase. Social capital of relevant financial institutions and cooperative enterprises invested 8.5 billion yuan, accounting for 85%of the total fund size.

In terms of fund management, Zhaotong Development Group leads the establishment of a parent fund. Zhaotong Development Group's wholly -owned subsidiary Zhaotong Development Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Zhaotong Fund Management Company") Select well -known investment institutions as sub -fund managers.

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