Hangzhou Capital strives to build a modern first-class state-owned enterprise.

Hangzhou Capital invests in Zhejiang Changlong Airlines.

On May 31, 2023, at the first 2023 China (Hangzhou) Industry-Investment-Finance Ecological Summit, the "Hangzhou Industry-Investment-Finance Ecological Building Action Declaration" was issued.

Signing ceremony of the branch achievement transformation fund

Jiangxi Hangyang Oxygen Gas Co., Ltd. under Hangyang Group

The Innovation, a top-level comprehensive scientific journal with the third global impact factor, was introduced to Qiantang District to help hold the "2023 Frontier Scientific Innovation Conference" and host the "100 Million" series of activities and the finals of the National Subversive Technological Innovation Competition, bringing a lot of original innovation resources to the whole city and helping to build a global innovation source.

Co-lead with Zhejiang Torch Center, jointly initiate the establishment and substantive operation of Hangzhou Technology Transfer and Transformation Center with first-class universities and leading enterprises such as West Lake University and Zhongkong Group; Cooperate with high-energy scientific research platforms such as West Lake University and Zhijiang Laboratory to set up an achievement transformation fund of 3.884 billion yuan to help the construction of the first choice for the transfer and transformation of scientific and technological achievements.

Hand in hand with chain owners such as Tiger Bio, Beida Medicine, Chuanhua Group and Zhongxing New Group, and head institutions such as CITIC Group, Sequoia Capital, CICC Capital and China Guoxin, a total of 30 industrial funds were established. By the end of November, Hangzhou Innovation Fund had invested over 500 projects with a total investment of over 24 billion yuan.

Promote the high-quality development of enterprises affiliated to the industrial sector, and form world-class competitiveness in the subdivided track. The listed companies Hangyang Group and Hangqi Turbine Group both entered the list. the State Council State-owned Assets Supervision and Administration Commission created a list of world-class professional leading demonstration enterprises …

Hangzhou State-owned Capital Investment & Operation Co., Ltd. (Hangzhou Capital), on the basis of complete reorganization and erection, in accordance with the requirements of "taking the lead in shaping new development advantages with scientific and technological innovation", has strengthened the double-hundred-billion-dollar fund, built a science and technology financial service system, cultivated world-class enterprises, planned the talent innovation pattern, and continuously promoted the "four-chain integration", striving to provide strength for Hangzhou to accelerate the construction of a world-class socialist modern international metropolis and become a model of Chinese modern cities.

Coordinated development of the two funds, deepening reform and shaping advantages

Deep integration, rejuvenation and sailing. At the end of 2022, a new round of municipal state-owned enterprise reform with deepening the reform and optimizing the industry as the main line kicked off, and Hangzhou Capital was endowed with the unique functional orientation of "state-owned capital investment and operation company with the whole life cycle from early science and technology investment to middle and late industrial investment". Since then, the equity transfer of Hangzhou Investment and Development Co., Ltd. and Hangzhou Hi-Tech Investment Co., Ltd. has been completed, and Hangzhou Kechuang Group, a wholly-owned subsidiary with Kechuang Investment as its main business, has been strategically reorganized. Integrate the existing related funds, upgrade and build the "Hangzhou Science and Technology Innovation Fund" with a scale of 100 billion yuan, and form a dislocation development with the "Hangzhou Innovation Fund", which constitutes a new system covering the whole life cycle of scientific and technological innovation industry investment in "two wings Qi Fei". By the end of November, 2023, the scale of two hundred billion funds was nearly 150 billion yuan, which incited social capital to exceed 100 billion yuan, forming a synergistic effect of "1+1>2" in science and technology innovation and industrial investment.

Scientific planning, up and down the same desire. According to the "Three-year Action Plan for High-quality Capital Development in Hangzhou", the overall development idea of "one vision goal, two billion funds, three strategic directions, four strategic sectors and five industries linkage development" has established a clear and clear planning target system and implementation path from top to bottom. According to the principle of "batch construction, emergency construction first, important construction first", we will promote system construction and realize systematic reconstruction. Unify strengthening the party’s leadership and improving corporate governance, carry out the construction of "clean capital", and promote the transformation of theme education achievements into high-quality development and vivid practice; The board of directors implements the mode of "outside is greater than inside" and improves the corporate governance structure of state-owned enterprises.

Highlight the main business and strengthen governance. Create a control headquarters of the Group, promote the optimization and integration of its second-and third-tier enterprises by classification, and promote clearer boundaries of various business segments, more focused main business and more efficient operation. Optimize the corporate governance system. Establish and improve the management system and system of state-owned equity supervisors, and promote the resident directors to play an important role in promoting the preservation and appreciation of state-owned enterprises and realizing the strategic guidance of the company. Optimize the shareholder structure of affiliated companies, introduce strategic investors and external directors from central enterprises with high sense of identity and good coordination for Hangzhou Steam Turbine Group, and create a favorable governance structure for its capital operation. Implement the strategy of "number-wise capital", explore the construction of fund brain and analyze kanban, and build an integrated value system, such as standardization of fund raising and investment management, triple informationization, closed-loop supervision, and code scanning of contract verification, so as to comprehensively improve management quality and efficiency.

Joint head enterprises focus on five industrial ecological circles

Support the construction of the two places and plant fertile soil for innovation and entrepreneurship. The Innovation, a top-level comprehensive scientific journal with the third global impact factor, was introduced to Qiantang District to help hold the "2023 Frontier Scientific Innovation Conference" and host the "100 Million" series of activities and the finals of the national subversive technological innovation competition, bringing a lot of original innovation resources to the whole city. Intensify the incubation of scientific and technological achievements, take the lead together with Zhejiang Torch Center, and jointly initiate the establishment and substantive operation of Hangzhou Technology Transfer and Transformation Center with first-class universities and leading enterprises such as West Lake University and Zhongkong Group. Cooperate with high-energy scientific research platforms such as West Lake University and Zhijiang Laboratory to set up an achievement transformation fund of 3.884 billion yuan to support the construction of the first choice for the transfer and transformation of scientific and technological achievements and the global innovation source. Plan the talent sector, set up the talent market in Hangzhou, undertake the operation of Hangzhou Business School, and establish a multi-party linkage and continuous empowerment mechanism. Continue to stimulate the entrepreneurial enthusiasm of talents through training exchanges and help build a global talent pool.

Focus on the five major industrial ecosystems and lay out the frontiers of high-end manufacturing. Give full play to the role of state-owned capital in leading, inciting and integrating, and cooperate with chain owners such as Tiger Pharmaceutical, Beida Pharmaceutical, Chuanhua Group and Zhongxing New Group, and head institutions such as CITIC Group, Sequoia Capital, CICC Capital and China Guoxin to set up 30 industrial funds. By the end of November, Hangzhou Innovation Fund had invested over 500 projects with a total investment of over 24 billion yuan. It has successively invested in a number of breakthrough projects of integrated circuits such as cornerstone projects, Fuxin semiconductor and Zhongxin wafer, and planted the foundation of Hangzhou integrated circuit industry; Invest in Huarui Airlines, Zero Run Cars and Zhejiang Changlong Airlines to lay out the frontier of high-end manufacturing industry.

Deepen the linkage between urban areas and help upgrade the industries that attract investment and attract talents. The "Implementation Plan of Linkage Strategic Cooperation" was issued, and the principles, paths, mechanisms and safeguard measures of cooperation with districts and counties (cities) were clarified with 14 specific measures. Seven special classes were set up to achieve full coverage of cooperation between 13 districts, counties (cities) and the "two platforms" of the Science and Technology Innovation Corridor and the Airport Economic Demonstration Zone in the west of the city. Fourteen new funds were established with various districts and counties (cities), with a total scale exceeding 13.2 billion yuan and leveraging social capital exceeding 11.7 billion yuan. This year, more than 30 enterprises in the five major industrial ecological circles, such as Ling Yi Bio, Tianyi Microelectronics and Shengdewei, have joined hands to attract investment, attract talents and upgrade industries in districts and counties (cities). Participated in hosting the "2023 China (Hangzhou) Eco-Summit on Industry, Investment and Finance", and organized 17 matchmaking meetings on investment promotion and science and technology services such as "Nice to meet you in Hangzhou–Opportunity meets capital", serving over 1,000 enterprises.

Consolidate four first-class industries and lay out future industries first.

Strive for a first-class technology investment bank. Create a systematic science and technology innovation financial service matrix, start the "100 million" project of "ten measures to create a science and technology innovation financial ecology, carry out a hundred-billion-dollar plan, set up a science and technology innovation fund group and serve tens of thousands of science and technology innovation enterprises", and build a comprehensive service platform for science and technology innovation finance in the whole life cycle. Carefully select high-growth, hard technology as the differentiated cultivation object of "Baige Plan", and tailor the VIP program of Science and Technology Innovation Finance. Strengthen specialized funds to invest in the main track. At present, Hangzhou Science and Technology Innovation Fund has accumulated 213 cooperative sub-funds, and the sub-funds have invested in more than 2,100 enterprises with a total investment of nearly 29 billion yuan. Focusing on the precise financing of science and technology enterprises, in terms of investment and loan linkage, it has provided financing guarantee loans of about 20.847 billion yuan to more than 6,500 science and technology enterprises, and reduced fees and profits by more than 300 million yuan. The first securitization product with data intellectual property rights in China was issued, and the Science and Technology Financial Services Commissioner settled in the window of the financial value-added service area of the municipal government service center, and the multi-level and full-cycle science and technology financial system took shape.

Cultivate first-class entity enterprises. Hangzhou Capital flexibly uses asset securitization, merger and reorganization, property right transfer and mixed reform to boost the high-quality development of enterprises affiliated to the industrial sector, and initially forms world-class competitiveness in several sub-tracks. The listed companies Hangzhou Oxygen Group and Hangzhou Steam Turbine Group both entered the list, and the State Council State-owned Assets Supervision and Administration Commission established a list of world-class professional leading demonstration enterprises. Focusing on the goal of "building a world-class enterprise in the gas industry", Hangyang has established a number of business development departments for emerging fields, such as the Hydrogen Industry Development Center and the Electronic Bulk Gas Division, continuously improving the foreign trade competitiveness of the whole group, continuously increasing investment in research and development, and further consolidating its position as the world’s largest air separation equipment manufacturer and a leading professional gas operator in China. Focusing on the goal of building a "world-class industrial drive service provider", Hangzhou Turbine Group acquired Western Power Company, quickly entered the gas turbine independent operation and maintenance and small gas turbine market, established a new energy research institute to develop a comprehensive intelligent energy system, broke through the core technology of gas turbines, and made every effort to build the largest small and medium-sized gas turbine manufacturing base in China.

Create a first-class risk control system. Create a whole-process risk control supervision system, build a whole-process prevention and control supervision system of "business department+functional department+professional third-party organization", "triple prevention and control before investment, four-layer control after investment, and five types of supervision after investment", and establish an early warning mechanism for major operational risks; Diversify publicity and education on the rule of law, improve the accountability system, carry out accountability for illegal business investment, and earnestly safeguard the security of state-owned assets.

Forging a first-class talent team. In-depth implementation of the strategy of strengthening enterprises with talents, and efforts are made to promote the "five major projects" of talent system construction, echelon construction, incentive and guarantee, recruitment and recruitment, and systematic empowerment. Formulate a scientific and reasonable incentive mechanism to support Hangzhou Oxygen Group and Hangzhou Steam Turbine Group to implement restricted stock incentives. Guide the construction of professional manager system in Hangyang, and select four innovation and entrepreneurship team leaders both internally and externally. Deepening the carrier construction of talent platform and exploring the flexibility of fund to attract talents have attracted nearly 70 talents above E category for Hangzhou.

Time, marking the orientation of the new era; Practice, burn the steps of a new journey. While further deepening the reform, Hangzhou Capital will focus on science and technology, industry, talents and industry, deepen the five industrial ecological circles in Hangzhou, preempt the layout of future industries such as "synthetic biology", "intelligent robot" and "quantum technology", accelerate the technological transformation and digital intelligent transformation of traditional discrete manufacturing industries, promote the virtuous circle of "technology-industry-finance" and help our city build a higher level modern industrial system.