该基金是中国兵器装备集团在湖北设立的① The first phase of the Fund, amounting to 1.5 billion yuan, will focus on the automotive 'New Four Transformations', laser manufacturing, humanoid robots, cutting-edge materials, and other industrial sectors. ② In the funding structure, the China North Industries Group accounts for 60%, while the Hubei provincial, municipal, and district government-guided funds collectively account for 40%, and the National Defense New Development Fund will be managed by the investment platform of the China North Industries Group, Southern Star.
According to the Star Daily on January 9 (Reporter Yu Shiqi), another central enterprise has begun to focus on industrial funds.
Recently, the China North Industries Group, in collaboration with the Hubei Provincial Investment Guidance Fund, Wuhan Fund, and Hongshan Capital, jointly established the National Defense New Development Fund, with an initial scale of 1.5 billion yuan.
This fund is the first CVC industrial fund set up by the China North Industries Group in Hubei. According to financial data from the Investment and Capital Exchange, within the first phase of the Fund, the Southern Star and Southern Assets under the China North Industries Group collectively invested 0.9 billion yuan, holding 60%; the Hubei Provincial Investment Guidance Fund invested 0.3 billion yuan, holding 20%; the Wuhan Fund and Hongshan Capital each invested 0.15 billion yuan, holding 10%.
From the funding structure, it can be seen that the China North Industries Group plays a significant role in this Fund. Additionally, the Southern Star mentioned above will serve as the manager of the National Defense New Development Fund. Financial data indicates that Southern Assets is the industrial investment platform under the China North Industries Group, while Southern Star is a private equity fund management institution held by Southern Assets.
According to the plan, this Fund will primarily invest in the automotive 'New Four Transformations', laser manufacturing, humanoid robots, cutting-edge materials, and other industrial sectors.
Among them, the automotive 'New Four Transformations' and laser manufacturing are key areas for the China North Industries Group. Chongqing Changan Automobile is a subsidiary of the China North Industries Group. By December 2024, Chongqing Changan Automobile is expected to disclose plans to raise 6 billion yuan from the China North Industries Group for the development of Electric Vehicles and the construction of a global R&D center.
In terms of laser manufacturing, it is closely related to the optoelectronic industry chain, and the China North Industries Group possesses a complete technology chain for the optoelectronic industry, holding the largest market share for optoelectronic glass materials globally. Experts in the optoelectronic industry have informed the Star Daily that laser manufacturing technology will be applied in the processing, manufacturing, and assembly stages of optoelectronic materials, which can enhance the precision and efficiency of optoelectronic product manufacturing and promote the development of the optoelectronic industry.
According to the China Weapons Equipment Group, establishing the National Military New Development Fund is an important measure to promote the group's "Two Circles to New" industrial development and industry chain cultivation, and to implement the central-local coordination, production-finance integration, and investment-promoted production.
Xu Bin, General Manager and Deputy Secretary of the Party Committee of Southern Assets, stated that as a central state-owned military-civilian combined large-scale military industry group, China Weapons Equipment has built a high-quality industrial cluster with the military industry as the core, the automotive industry as the pillar, and strategic emerging industries as support, having rich industrial advantages. Southern Assets, as the industrial investment platform of China Weapons Equipment, plays a vital role in strengthening technological independence, building a modern industrial system, and developing new quality productivity. It will fully utilize the guiding role of the industrial fund layout to accelerate the transformation of scientific and technological achievements, invest in cultivating a number of competitive high-quality enterprises, and serve the transformation and upgrading of China Weapons Equipment Group enterprises.
Southern Assets will strengthen cooperation with local governments, universities, and research institutions to build an integrated platform for industry, academia, research, and application, forming an effective connection between the innovation chain and the industry chain, providing strong support for Hubei to build a modern industrial system.
According to data from Caixin Creative Investment Communication, Southern Assets has invested in a total of 11 funds, penetrating down to underlying assets involving 280 companies, of which 75 are listed companies and 35 are prospective listed companies. These companies are concentrated in the three major fields of electronic information, manufacturing, and automotive transportation.
According to the planning of China Weapons Equipment Group, in the future, it will accelerate the layout of strategic emerging industries and future industries around New Energy Vehicles, optoelectronic information, high-end equipment manufacturing, pharmaceutical health, New Materials, financial services, and more. Previously, the State-owned Assets Supervision and Administration Commission had set a target that by 2025, the revenue share of central enterprises' war new industries should reach 35%.
