On September 16, the "Invest in Jiangsu, Win the Future" 2025 High-Quality Development Promotion Conference for Private Equity Investment was held in Suzhou.

The conference was jointly hosted by the Jiangsu Provincial Financial Office and the Suzhou Municipal People’s Government, with co-organization by the Jiangsu Provincial Development and Reform Commission, the Provincial Department of Science and Technology, the Provincial Department of Industry and Information Technology, the Provincial Department of Finance, and Jiangsu High-Tech Investment Group. It was undertaken by Suzhou Orizo Holdings Co., Ltd, the Jiangsu Provincial Investment Fund Association, and the Jiangsu Equity Exchange. Attendees included Liu Lianqi, Deputy Inspector of the Second Department of Market Supervision under the China Securities Regulatory Commission (CSRC); Shi Zhenqiang, Party Secretary and Vice President of the Asset Management Association of China (AMAC); Gong Haibin, Executive Deputy Director of the Jiangsu Provincial Financial Office; and Gu Haidong, Member of the Standing Committee of the Suzhou Municipal Party Committee and Executive Vice Mayor, among others.

Jiangsu is one of the fastest-growing regions in China for private equity funds. As of the end of June this year, there were 1,203 private equity fund managers registered in Jiangsu. The number of investment projects in Jiangsu by national private equity funds exceeded 22,000, accounting for 14.77% of the national total. As a "pacesetter" in private equity investment in Jiangsu, Suzhou leads both nationally and provincially in terms of the number of private equity fund managers, registered private equity funds, and total committed fund size.

Gong Haibin noted that Jiangsu bears the major mission of leading and setting an example, as well as the important responsibility of supporting the economy as a major economic province. This cannot be achieved without the precise infusion of financial resources, particularly the powerful support of private equity investment as an innovation engine and industrial catalyst. He expressed hope that investment institutions would prioritize Jiangsu in their strategic layout, channel more long-term and patient capital into the province, jointly foster more Jiangsu "unicorns" and gazelle enterprises, and build an "investment highland" and "industrial rainforest" that leads the development of new quality productive forces. He also called for collaborative efforts to cultivate a thriving private equity investment ecosystem, making Jiangsu the most favored, active, and efficient hub for private equity investment in China.

Liu Lianqi stated that private equity and venture capital funds have participated in nearly 90% of listed companies on the STAR Market, the Beijing Stock Exchange, and most companies on the ChiNext Board. Among these, over half of venture capital institutions have demonstrated and unleashed significant effects as incubators, accelerators, and growth catalysts. The CSRC continues to deepen reforms, improving regulatory mechanisms across the entire lifecycle of fundraising, investment, management, and exit, while actively promoting the optimization of the private equity and venture capital industry ecosystem. Taking exits as an example, according to market institution statistics, China's secondary market for private equity transactions exceeded RMB 100 billion in 2024, and the first five months of 2025 have already surpassed RMB 50 billion, showing significant year-on-year growth.

Shi Zhenqiang emphasized that the equity and venture capital industry is currently facing favorable development opportunities. Supported by coordinated policies, the number and scale of newly registered equity and venture capital funds nationwide have rebounded year-on-year this year, with the number of financing cases and investment amounts also showing varying degrees of growth. He urged equity and venture capital institutions to recognize the broader development trends, strengthen their confidence, seize opportunities, and make greater contributions on the grand stage of serving technological innovation and real economic development.

During the promotion conference, the Provincial Financial Office elaborated on Jiangsu's policies to promote high-quality development in private equity investment. The Provincial Department of Science and Technology explained the "dual-high synergy" policy, while the Provincial Department of Industry and Information Technology detailed Jiangsu's policies to promote innovative development in embodied robotics. The "Sutoufu" integrated service platform and the regional equity market private equity fund integrated service platform were officially launched. The financing needs of the first batch of 50 provincial dual-innovation projects were released, and a group of AIC funds were established and signed. Additionally, a batch of provincial strategic emerging industry fund investment projects were signed, the third batch of industry-specific funds was launched, and the provincial strategic emerging industry manager matrix made a collective appearance.

Mi Lei, Founding Partner of CAS Investment, and Gao Yonggang, Chairman of China Fortune-Ace Fund Management, delivered keynote speeches. Orizo Holdings, Jiangsu High-Tech Investment, China Chengtong, Shanghai Science and Technology Innovation Center, and Zhejiang Financial Holding engaged in in-depth discussions on the theme of "High-Quality Development of State-Owned Funds and Practical Paths for Patient Capital."

Source: Xinhua Daily Finance, Suzhou Finance, Yinlio

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