The reporter learned that the founding meeting and the first partner meeting of Hefei industrial investment promotion high tech Fund (hereinafter referred to as "high tech Investment Promotion Fund") were officially held recently.
The high tech investment promotion fund was established in March 2022, with a total scale of 1 billion yuan. It is one of a series of investment promotion funds with a total scale of 5 billion yuan, and Hefei property investment company serves as the fund manager. At present, the fund manager's human property investment has completed the early-stage adjustment work and reserved about 800 million yuan of investment projects, which will quickly promote the implementation of a number of key industrial projects.
This time, Hefei specially set up a series of investment promotion funds with a total scale of 5 billion, which is called by people in the industry as an exemplary measure and an embodiment of its high-level capital investment and fund investment. In fact, Hefei has formed an operation mode with local characteristics in terms of capital investment promotion, which is summarized as "Hefei mode" in the industry.
Specifically, this model is to drive more social capital to jointly cultivate industries through government investment. The government will build a state-owned assets platform through capital increase of financial funds or strategic reorganization and integration of state-owned enterprises, and then promote the state-owned assets platform to explore the reform focusing on capital management. Through direct investment, or the establishment and participation of various investment funds, it will drive social capital to serve local investment attraction and form a joint force for industrial cultivation.
At the end of last year, according to the Hefei Municipal People's government, Hefei will give full play to the guiding role of government funds, establish a 20 billion yuan master fund, guide social capital cooperation, and establish various special funds to focus on supporting the development of key industries and scientific and technological innovation enterprises in Hefei.
It is understood that through a series of measures, Hefei will speed up the construction of a science and innovation capital center, serve key industries such as "core screen steam cooperation" and "urgent lifelong wisdom" and the development of scientific and technological innovation, strive to cultivate 5-10 influential and reputable local fund brands within five years, introduce no less than 50 industry-leading well-known fund management institutions, and realize an equity investment fund system with a registered fund management scale of no less than 500 billion yuan.
With the transformation and upgrading of economic structure, fund investment has become one of the most important models for local governments to attract investment. The "Hefei model" may not be copied, but its development path may have a lot to learn from.
Insiders commented that the success of the "Hefei model" largely depends on the participation of government funds. First concentrate funds to open up one or two industrial chains, and then gradually cultivate industrial clusters. The generous participation of the government has given sufficient confidence and judgment standards to social capital, and gradually realized the two wheel drive of industry leading and capital leading.
Some professionals believe that the success of the "Hefei model" lies in finding the right industrial direction. From BOE to Gigadevice Semiconductor (Beijing) Inc(603986) and then to Weilai automobile, Hefei has prized industries such as display screen, semiconductor and new energy vehicles. On the one hand, support small and medium-sized enterprises in the industrial chain, promote the effective development of industrial clusters, promote local employment and accelerate industrial upgrading; On the other hand, we should guide social capital through state-owned capital and implement orderly exit to maintain and increase the value of state-owned capital, and then invest in the next industry to realize a virtuous circle.
