"Science and Technology Board Daily" On November 27th (Reporter Li Mingming), today, at the main venue of the second China International Supply Chain Promotion Expo, the second phase of the Shunyi District government's investment guidance fund, namely the Beijing Shunyi Private Equity Investment Guidance Fund (Limited Partnership) (hereinafter referred to as the "Shunyi Guidance Fund"), was officially launched.

The Shunyi Guidance Fund has a future scale of 10 billion yuan, with an initial phase of 1 billion yuan, jointly invested and established by the Beijing Shunyi District Finance Bureau, Beijing Shunyi Financial Holdings Co., Ltd. (hereinafter referred to as "Shunyi Financial Holdings"), and Beijing Goshon Investment Management Co., Ltd., with Beijing Goshon Investment Management Co., Ltd. as the fund manager.

It is understood that the guidance fund will explore external investments in the form of sub-funds, direct project investments, and S funds, and for the initial funds, the "3+N" model is planned for investment.

Among them, "3" refers to the establishment of three industry sub-funds around the key leading industries in Shunyi District, tentatively named Beijing Shunyi Strategic Opportunity Equity Investment Fund, Beijing Shunyi High-end Manufacturing Industry Development Fund, and Beijing Shunyi Aeronautical Industry Development Fund.

"N" mainly refers to N sectors directly invested by the guidance fund, including direct investments in landmark industrial projects and market-oriented sub-funds, focusing on investment in the '3+3' high-precision industries layout in Shunyi District, namely new energy smart automobiles, third-generation semiconductors, aviation aerospace, as well as emerging industries of medicine and health, smart equipment, and new generation information technology. The operation of the fund will follow the model of Beijing's eight major industry funds and implement a project pool mechanism. Projects will be classified and managed by the guidance fund management company, selecting the best to better serve industrial project attraction strategies.

It is reported that the Shunyi Guidance Fund has formally submitted for record to the Fund Industry Association and is expected to complete the record review in December, meeting the conditions for external investments.

According to the Venture Capital Newsletter of Cailian Society, one of the LPs of the Shunyi Guidance Fund, Shunyi Financial Holdings, was established in 2009 and is a comprehensive service platform enterprise in the financial sector of Shunyi District. Up to now, it has invested in a total of 12 ventures, including Beijing Shunyi Investment Fund Co., Ltd., Beijing Jingguo Management Equity Investment Fund (Limited Partnership), and Beijing Shunyi Innovative Industry Development Fund Partnership Enterprise (Limited Partnership), etc.

Beijing Gongshun Investment Management Co., Ltd. was established in 2010, wholly owned by Shunyi Jinkong.

According to public information, as early as 2017, Shunyi District established the Shunyi District Government Investment Guidance Fund Phase I. The company's fund size is also 10 billion yuan, and it has attracted the establishment of 10 sub-funds, including 3 national-level funds, 2 provincial and ministerial-level funds, and 5 market-oriented funds, attracting a management scale of over 350 billion yuan.

Beijing Shunyi has established a large-scale industrial fund, as one of its measures to support the development of emerging industries in the district. Currently, the new energy smart automobile industry is a typical representative of emerging industries in Shunyi District. As one of the three leading industries in Shunyi District, the new energy smart automobile industry is the "backbone" of the district's industrial development.

Currently, Shunyi District has formed a strong innovation capability and a relatively complete supporting infrastructure in the new energy smart automobile industry. The district is home to four complete vehicle enterprises: Ideal Auto, Beijing Benz Shunyi Plant, Beijing Hyundai, and BAIC YUEYE Vehicle, as well as over 150 automobile and transportation equipment manufacturing enterprises, 44 of which are large-scale enterprises. The cumulative production of complete vehicles has exceeded 13.45 million units, with a total output value of 1458.1 billion yuan. From January to September 2024, the output value of Shunyi's new energy automobile industry increased by 65% year-on-year.

In addition, to support the development of the semiconductor industry in Shunyi, Beijing has planned a 3000-acre third-generation semiconductor industry base in Zhongguancun Shunyi Park. The district has initially formed a complete industry chain layout from equipment to materials, chips, modules, packaging and testing, and downstream applications, attracting 27 physical enterprises, which were selected as a national industrial cluster last year.

The "Science and Technology Innovation Board Daily" reporter noted that with the continuous establishment of industrial mother funds, Beijing's venture capital ecosystem is active. Data from Cailian Society's Venture Capital Channel shows that there are over 50 mother funds in Beijing, with significant agglomeration effects.

At the end of last year, the Beijing municipal government, in conjunction with top institutions, simultaneously established 8 funds, with a total size reaching 100 billion yuan. By the end of the third quarter of this year, these 8 funds had made investment decisions on 97 projects, with a total investment decision amount of 9.4 billion yuan, and had invested nearly 5 billion yuan in 49 projects eligible for contributions.