On May 4, 2023, Ihang Private Equity Capital Management (Anhui) Co., Ltd (hereinafter referred to as “Ihang Capital”) was officially settled in Jinzhai County, Lu'an City, Ihang Capital will continue to struggle and continue to move forward in the new position and new starting point, and will focus on the direction of the leading industries in Anhui Province, and help Jinzhai County, Lu'an City to develop rapidly in the areas of new energy, high-end equipment manufacturing, life health, new materials and other directions of real industry, Life and health, new materials and other directions of the rapid development of the real industry.
The relocation of Ihang Capital to Jinzhai County will inject new industrial vitality into the development of the entire Dabie Mountain region. The Dabie Mountain region has always been the key area for the development of the central region, and Ihang Capital, as an important organization supporting the development of the national industry fund, not only pays attention to the economic development of the whole country, but also actively participates in the great event of the rise of the central region. As a fund company with strong capital strength, extensive resources and strong risk control ability, Ihang Capital will bring more industrial capital and industry resources to Jinzhai County and further promote the optimization and adjustment of local economic structure. On this basis, Ihang Capital will actively explore the local characteristic industries and potential advantages, provide precise financial support and all-around industrial services, and help Jinzhai County to rapidly upgrade its industrial level and industrial status, and realize high-quality economic development.
Zhang Jian, Deputy Secretary of Jinzhai County Committee and County Mayor, Liu Fengcheng, Deputy Director of Management Committee of Jinzhai County Economic Development Zone, Cai Xianyan, Director of Jinzhai County Government Office, Tang Ning, Director of Jinzhai County Investment and Entrepreneurship Center, Tang Man, Chairman of Jinzhai County Industrial Investment Group, and Shao Jian, Director of Jinzhai County Investment and Promotion Seven Bureaus in Foreign Countries, witnessed the signing ceremony of the signing ceremony of the Ihang Capital settling in Jinzhai together. As a well-known fund management company in China, Aihang Fund has been focusing on industrial fund investment and is committed to discovering and cultivating high-quality enterprises to help the development of China's real economy. In the future, Aihang Fund will combine the local characteristic industries of Jinzhai County, actively introduce high-quality enterprises, promote the upgrading and transformation of industries, and promote the restructuring and upgrading of industries in Jinzhai County, which will also provide more employment opportunities and development space for local residents.
On the morning of May 5, He Liang, Executive Director of Ihang Capital, led all the staff to Red Army Square in Jinzhai County to bow to the Martyrs' Memorial Pagoda and express their respect and remembrance for this red land. The Red Army Square in Jinzhai County was built by the Jinzhai County Government to commemorate the 80th anniversary of the victory of the Red Army in the Long March. On the south side of the square is Jinzhai County Martyrs' Cemetery, and on the north side is the Red Army Memorial Hall. The Red Army Long March Memorial Tower is 32 meters high, symbolizing the difficulties and dangers of the Red Army's Long March. The tower is mainly colored in red, symbolizing the original heart and firm faith of the Communist Party of China. In the square around the memorial tower, there are also sculptures and bas-reliefs on the theme of the red revolution, which are solemn and solemn.
Afterwards, Mr. He Liang, the executive director of Ihang Capital, and all the staff visited the Red Army Memorial Hall and Jinzhai County Revolutionary Museum in the Red Army Square. Inside the Red Army Memorial Hall, there are tablets with inscriptions from leaders on both sides of the corridor, and the Condolence Hall displays photos of the old Red Army, the roster of the Red Army, sculptures of the Red Army, and the sequence list of the eleven teams of the Red Army that were formed and fought in Jinzhai. Jinzhai County Revolutionary Museum shows the magnificent revolutionary course and records the glorious history of the Red Army's southern and northern campaigns. The museum displays a large number of precious historical photos, cultural relics and objects, including some precious Red Army relics, such as weapons during the Red Army's Long March, General Hong Xuezhi's gown, Red Army rank badges and so on. These precious historical relics are not only precious historical heritage, but also witnesses and memorials of the revolutionary martyrs who sacrificed their lives for the revolutionary cause.
He Liang, executive director of Ihang Capital, affirmed the red cultural history of Jinzhai County after walking the red route, and said that all the staff of Ihang Capital would learn and uphold the spirit of red history and culture, carry forward the unwavering will to struggle of the revolutionary martyrs, and add bricks and mortar to China's real industry.
After visiting the Red Army Memorial Hall and Jinzhai County Revolutionary Museum, Mr. He Liang, the executive director of Ihang Capital, and all the staff visited Meishan Reservoir, which is located in the hinterland of Dabie Mountain at the junction of three provinces of Hubei, Henan and Anhui, and in the upper reaches of Shihe River, a tributary of Huaihe River. The reservoir is a key project of Huaihe River during the “First Five-Year Plan” period, and it is also one of the main water source projects of Luxurious Shihang Irrigation District. Over the past 60 years, Meishan Reservoir has protected and irrigated important towns such as Jinzhai County, Yeji District of Lu'an City, Gushi County and 3.83 million acres of farmland downstream, giving full play to its great comprehensive function and making remarkable achievements.
Anhui
With the rapid development of China's national economy, Anhui Province, as an important province in the central region, has made great strides in economic development. The Anhui government is committed to promoting industrial upgrading and transformation to facilitate the sustainable development of the local economy, and the development and application of industrial funds is one of the most important ways to realize this goal in Anhui Province.
As an investment tool to support enterprise development, industrial fund has gradually become an important force for economic development in Anhui Province. The Anhui provincial government has provided financial support for the industrial funds in Anhui province through various forms of inputs. With the support of the government, industrial funds in Anhui Province are also attracting more social capital into the investment field and helping more enterprises realize their development. By the end of 2021, more than 30 industrial funds have been set up in Anhui Province, covering a wide range of industrial fields, including new materials, new energy, biomedicine, intelligent manufacturing, culture and creativity. Among them, the number of funds funded and established by the Anhui provincial government accounted for more than half. The total scale of industrial funds in Anhui Province has exceeded 100 billion yuan, most of which have been implemented on the ground, providing strong support for the development of enterprises in Anhui Province. It is worth mentioning that in June 2022, Anhui Province issued the “Anhui Province Emerging Industry Guiding Fund Formation Program”, which makes it clear that the provincial government will fund the establishment of the provincial emerging industry guiding fund, and set up three major fund groups and 16 parent funds under the guiding fund, i.e., thematic fund group, functional fund group and angel fund group, and the fund groups are operated under the structure of “parent-child fund”. Each fund group is operated in the structure of “mother-subfund”, and by prying the socialized capital layer by layer, a provincial emerging industry guidance fund system with a total scale of not less than RMB 200 billion yuan will be formed eventually.
The investment direction of Anhui Industrial Fund mainly supports the development of advantageous industries in Anhui Province, such as the traditional coal, iron and steel and chemical industries in Anhui Province, as well as the emerging ten major emerging industries, such as the new generation of information technology, new energy automobile and intelligent networked automobile, high-end equipment manufacturing, new materials, intelligent home appliances, artificial intelligence, life and health, new energy and energy-saving and environmental protection, digital creativity, and green food. Industrial funds in Anhui Province play an important role in promoting local economic development. By investing in high-quality enterprises, Anhui's industrial funds help enterprises obtain more financial support, promote industrial upgrading and transformation, and facilitate economic development. At the same time, the industry fund in Anhui Province also promotes the structural optimization and innovative development of the local economy, laying a solid foundation for the future development of Anhui Province.
In terms of capital investment, the Anhui provincial government attaches great importance to local capital investment. In order to attract more capital into Anhui, the government has formulated a series of preferential policies and financial support, for example, in January 2023, Anhui Province issued “Several Measures to Support the High-Quality Development of Venture Capital and Entrepreneurial Investment”, which attracts more social capital to invest and start business in Anhui, promotes the vigorous development of innovation and entrepreneurial capital in Anhui Province, promotes the in-depth fusion of innovation and industrial chain and capital and talent chain, and provides financial support for the construction of “Three Places and One Region” in a better way. In March 2023, Anhui Province issued the “Several Measures to Promote Manufacturing Industry to Improve Quality and Reduce Costs”, which called for strengthening the support of industrial funds. Give full play to the role of the provincial government equity investment fund, promote the development of government funds and market-oriented funds linkage, and guide social capital to help the manufacturing industry to improve quality and reduce costs. The actual total investment of more than 2 billion yuan, leading the direction of development, with a pioneering advantage, to fill the gaps in the manufacturing of strategic emerging industries in Anhui Province, as well as key technology R & D industrialization and industrial public service projects, around the world can be taken to support the “one case at a time” approach to encourage the provincial governmental equity investment fund in accordance with the rules of priority for equity investment. In March 2023, Anhui Province issued the “support for digital transformation to promote the high-end intelligent green development of manufacturing a number of policies” requirements to increase the province's various types of industrial development funds to support the digital transformation of the province's top ten emerging industries guide fund system, the establishment of the provincial manufacturing digital transformation sub-fund. In addition, the government has established a comprehensive investment attraction system, which includes various aspects such as evaluation of investment projects, support for investment enterprises, and tracking services for projects. These measures have effectively increased the attractiveness of local capital and provided a favorable environment for foreign capital to enter Anhui.
Hefei
As the capital city of Anhui Province, Hefei is not only the political, economic and cultural center of Anhui Province, but also the core city of Anhui Province's economic development. In the process of capital investment, Hefei City has been committed to building a “government-led, market operation, industry as the king” capital investment model. At present, Hefei City has established a perfect capital market system, forming a government-led, industry-led, market-operated capital investment new model. In government guidance, Hefei City has taken a series of measures to actively promote the development of the capital market. Especially in terms of angel mother fund, in April 2022 Hefei newly landed a very attractive mother fund, Anhui Province New R&D Institutions Special Fund Partnership (Limited Partnership) was set up and formally operated in Hefei Hi-tech Zone. This is funded by the Anhui Province Emerging Industries Guiding Fund to set up an angel mother fund, the total size of the fund 1.8 billion yuan. The mother fund will operate in a market-oriented way. According to the new R & D institutions special fund issued by the sub-fund management organization recruitment order, the new R & D institutions mother fund in the sub-fund contribution ratio is generally not more than 40%, the highest not more than 70%; sub-fund investment in Anhui Province registered enterprises, colleges and universities, research institutes, new R & D institutions, the funds are not less than the amount of funds contributed by the guidance fund of 1.0 times. The maximum contribution of 70%, the return of investment ratio of only 1 times, such a high proportion of contribution is the first of its kind in the country.
Hefei in addition to the provincial mother fund, Hefei in 2022 to set up a total size of 20 billion yuan of municipal government to guide the mother fund, and strive to cultivate 5-10 leading well-known fund management institutions within five years, the introduction of no less than 50 industry-leading well-known fund management institutions, to achieve the filing of the fund management scale of no less than 500 billion yuan of equity investment fund system.
In terms of market operation, Hefei advocates free market economy, actively promotes market-oriented operation, and strives to provide a good investment environment and services for investment institutions. Through close alliance with Sequoia Capital, Yida Capital, China Resources Capital, CICC Capital, CITIC Capital and other head VC/PE and other more than 100 domestic venture capital VC institutions, Hefei builds a perfect capital market system and financial service platform, and provides a variety of services for investment institutions, including equity investment, venture capital investment, M&A and restructuring, asset management and so on.
It is its high level of capital investment, fund investment embodiment. Hefei in the capital investment has formed quite local characteristics of the “Hefei model”: through government investment to drive more social capital to jointly cultivate industries, the government through financial funds to increase capital or state-owned enterprises strategic restructuring and integration to create a state-owned platform, and then promote state-owned platforms to explore the reform of the management of capital-based, through direct investment, or the formation of Through direct investment, or forming and participating in various types of investment funds to drive social capital to serve the local investment promotion. The use of state-owned platform equity investment to drive the leverage benefits of the layout, has become the key to help Hefei into the GDP trillion club city. Hefei government is not only the social “night watchman”, or market participants, strong dominant local industrial policy. Government guidance and market-oriented, the achievements of Hefei's “best government investment bank”.
Jinzhai
Jinzhai County is located in Anhui Province, Lu'an City, under the jurisdiction of a county-level administrative region, is located in the hinterland of the Dabie Mountains, known as “the cradle of the Red Army, the hometown of the generals. The county has a total area of 3,814 square kilometers, jurisdiction over 23 townships, a development zone, the county's resident population of 496,501 people, is the largest area in Anhui Province, the largest population of mountain reservoirs in the county. Jinzhai County is adjacent to Yixian County and Qimen County in the south, Xiuning County and Shexian County in the north, Huizhou District in the west and Huangshan District in the east, 60 kilometers away from Huangshan City District and 240 kilometers away from Hefei City. Surrounded by the Hewu Expressway, Shanghai Hanrong Express Railway throughout the territory, Ningxi Railway, 312 State Road and other important transportation routes, the traffic is very convenient. Jinzhai County terrain southeast high, northwest low, the county is located in the subtropical humid climate zone, the average annual temperature of 16.2 ℃, the annual rainfall of more than 1,800 millimeters, the climate is pleasant, the four seasons are clear. The territory is covered with mountains and rivers. There are 1 5A scenic spot and 7 4A scenic spots, and it is a national demonstration area for regional tourism; it has 4.48 million mu of forested land, with a forest coverage rate of over 75.5%. Among them, the most famous attraction is Mount Huangshan, a national scenic spot, which is known as “Five Mountains return without looking at the mountains, Mount Huangshan return without looking at the mountains”, and is one of the most famous mountain scenic areas in China. In addition, there are many natural scenic spots in Jinzhai County, such as Xidi Gorge, known as the “First Grand Canyon of Anhui”, Qingliang Peak, a 4A national scenic spot, and Jiuhua Mountain, the highest peak in southern Anhui. Jinzhai is also rich in mineral deposits, with more than 20 different types of mineral deposits, including molybdenum reserves, which are the second largest in the world and the first in Asia.
Jinzhai County is one of the birthplaces of the Communist Party of China. It is rich in red historical and cultural resources, such as Longtan Old Revolutionary Site and Jinzhai County Revolutionary Martyrs' Cemetery. Especially Longtan Old Revolutionary Site is an important node in the history of the Communist Party of China, where there are many revolutionary historical relics and memorial halls, which are highly esteemed and sought after by party members, revolutionary martyrs and their relatives, patriotic educators and other people. It is also an important site of the Red Army's Long March. The territory has witnessed the outbreak of the Lixia Festival and the Liuhuo Uprising, the formation of 12 main Red Armies, and it is the main birthplace of the Red Fourth Front Army, the core area of the revolutionary base of EYAW, the command center of the anti-war in Anhui Province, and the front-line command headquarters of the Liu Deng Army advancing into the Dabie Mountains. During the war years, 100,000 sons and daughters sacrificed their lives for the country, and 59 founding generals such as Hong Xuezhi came out of the city, which is known as the “cradle of the Red Army and hometown of the generals”. When you come to Jinzhai and visit the red tourist attractions, you can not only have an in-depth understanding of the history of the Chinese revolution, but also experience the rich atmosphere of red culture.
Jinzhai County is a famous historical and cultural county in the mountainous area of southern Anhui Province, which has a long history and rich cultural heritage.Jinzhai County is not only one of the birthplaces of the Communist Party of China, but also the hometown of Feng Menglong, a famous writer in the Ming Dynasty.Feng Menglong was famous for his prose and dramatic works in the Ming Dynasty, and his work “Waking Up to the World” is still widely circulated today and is a treasure in the treasury of Chinese culture.Jinzhai County is also rich in traditional folk culture, such as waist drums, big drums, fast boards and wine making.Jinzhai County is also a cultural city, with many cultural monuments such as the ancient city of Chizhou, one of China's famous historical and cultural cities, and the Tang Dynasty Grotto Temple, a national key cultural relics protection unit.
The economy of Jinzhai County is mainly based on agriculture, while industry, service industry and tourism industry are also developing rapidly.31.3% and 42.4%; fixed asset investment up 24.2% year-on-year; total retail sales of consumer goods 15.96 billion yuan, an increase of 27% year-on-year; general public budget revenue of 1.73 billion yuan, an increase of 8% year-on-year; urban and rural per capita disposable income of 31,671 yuan, 15,018 yuan, an increase of 9.2% and 11.1% year-on-year respectively.
Ihang Chapter
Founded in 2015, Ihang Chapter is a state-owned mixed system private equity investment institution founded by a group of professionals from well-known financial institutions in China. As a vertically integrated capital investment-type industrial fund manager in the field of new energy, Aihang Fund, with the accompaniment and support of local governments as well as strategic partners, has continuously ploughed deep into the field of industrial funds, and has achieved satisfactory results in the areas of industrial investment, introduction of high-end talents, and training in attracting investments,In the fields of industrial investment promotion, introduction of high-end talents, investment attraction training, private equity fund investment and tax management optimization, etc., AHF has delivered satisfactory results. Over the past seven years since its establishment, AIHF has become a member of China Fund Industry Association and a joint member of China Insurance Asset Management Association, and has obtained the qualifications of market maker of New Third Board, investment advisor of banks' financial subsidiaries and investment advisor of brokerage firms, etc. At present, the company manages assets of about 5 billion RMB. At present, the company's assets under management amount to about 5 billion yuan, ranking among the top 100 private holding managers in China. It has gradually formed an investment logic and corporate culture with its own characteristics, and cultivated a professional team capable of hard work.
Through seven years of efforts, Ihang Capital has landed a number of key funds in the industrial fund section with a number of local governments such as Jinzhai, Hangzhou, Haining, Yingtan, Guixi, Hanzhong, Xingtai, Bengbu, Wuhu and so on. Jointly initiated the sub-fund of Provincial Talent Innovation and Entrepreneurship Guidance Fund with Jiangxi Development and Upgrading Guidance Fund and Jiangxi Financial Investment Group, initiated the establishment of Solar Silicon Wafers Special Fund with Guixi Industrial Holding Group, set up the Solar Cells and Modules Special Fund with Haining City State-Owned Assets Company and Yuanhua Township Government Investment Company, jointly issued the Strategic Emerging Industries Fund with Bengbu Municipal Government, established the Strategic Emerging Industries Mother Fund with Xingtai Economic Development Zone, and set up the Strategic Emerging Industries Mother Fund with Xingtai Economic Development Zone.Establishment of Strategic Emerging Industry Mother Fund, establishment of Shaanxi Shinzhou Industry Development Investment Fund with Mianxian County of Hanzhong City, launching of Carbon Steel Slag and Mineral Powder Industry Fund with listed company Shijie Science and Technology 301030.SZ, establishment of Angel Investment Sub-fund with Wuxing District of Huzhou City, establishment of Digital Economy Fund with Wannian County of Shangrao City, establishment of Li-ion Battery and Photovoltaic Fund with Guixi City of Yingtan.......The fruitful results have witnessed the rapid development of Ihang Capital in the past seven years.
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