There are 11 listed companies holding more than 5% shares, with a total value of about 320 billion yuan, and large funds holding stock market value of about 35 billion yuan, including SMIC, San an and so on. In April 18th, when the capital market was touting chip stocks, Taiji industry rose 6.63%, triggering market concerns. There is a rumor that the national integrated circuit industry fund (big fund) has been put up, and Taiji industrial response to the external claim, if there is a case of over 5%, it will be announced in time. A state capital swept across the capital market. Because of the strong shareholders and the mission of supporting Chinas local chip industry, big funds are important in the capital market. Although the Tai Chi industry has not been proved, it has already started a large-scale layout in the market. The Beijing News reporter found that the big fund is not a simple financial investor for listed companies, and has leapt to the largest shareholder of some companies. With frequent capital operation, the stock market of large fund investment has expanded rapidly, enjoying huge floating profits. The stock market swept over 11 of the 5% listed companies. In September 2014, under the guidance of the Ministry of industry and information and the Ministry of finance, the national integrated circuit industry investment fund was set up formally. Its purpose was to support the Chinese local chip industry in order to reduce the dependence on foreign manufacturers. The fund was considered to carry the mission of supporting the Chinese enterprises to catch up with Europe and the United States in the integrated circuit market. After the establishment of the large fund has been quite low profile. According to media reports in March this year, Ding Wenwu, the president of the big fund, said that by the end of 2017, the total fund has been invested in 67 projects with a cumulative total of 118 billion 800 million yuan. Industry and commerce data show that the large fund stockholders are rather luxurious: the first largest shareholder is the Ministry of finance, with a shareholding ratio of 36.47%, and the countrys financial shareholding of 22.29%, and other shareholders including well-known state-owned enterprises and central enterprises, such as China National Tobacco Corp, China Mobile and so on. In October 2017, media reports reported that data from the sky showed that as of October 25th, the big fund has become the main shareholder of the 38 companies. In April 21st, the Beijing News reporter learned from the sky eye that this figure has been updated to 52. Many of these 52 investors are listed companies. According to the announcement of Tongfu microelectricity at the end of February this year, the big fund currently holds 11.3% shares of the three security optoelectronic, 9.54% of long power science and technology, 11.4% shares of Beidou star, 7.5% shares of northern Huachang, 7.5% shares of Changchuan science and technology, 15.79% shares of microelectronics in the state branch, 11% in megabyte innovation, 6.65% in sinktop technology and 15. through rich micro electricity. 7% shares. In addition, the big fund also owns 15.91% of SMIC and 9.89% of Chinas micro technology. Accordingly, the large fund currently holds at least 5% of the 11 listed companies. According to the news of the Beijing News, as of last Friday, the stock market value of the 11 listed companies listed by the big fund is about 320 billion yuan, of which the stock market value of the large fund is about 35 billion yuan. Investment floated more, net profit of 2 billion 100 million yuan in 2016 The Beijing News reporter noted that, relative to some private background of the mysterious capital or barbarian in the open market listed companies, the big fund intervened in the listed companies more mild, the transfer of the agreement, the most common. In December 2017, Jing Fang technology announcements, shareholder EIPAT transferred to the big fund its crystal technology 9.32% stake, the transfer consideration of 680 million yuan. In addition to acquiring shareholder equity in listed companies, large funds have also been involved in the reorganization. In October 2016, Tongfu microelectricity announced that it would issue shares to the large fund to buy 49.48% of its shares and 47.63% of its share, with a price of 1 billion 921 million yuan. Through this capital operation, Tongfu micro power has acquired shares of AMDs two subsidiary companies, and the big fund has also become a shareholder of Tongfu micro power. The Beijing News reporter found that the big fund had also implemented assault shares on the eve of the listing of enterprises. In May 2015, the company received a 200 million yuan investment from the big fund. In December, the company received a total fund of 200 million yuan, with a total of 17 million 647 thousand shares. The share of the stock has been maintained and the current share ratio is 15.79%. In 2015, some media reported that this meant that the national microelectronics, the largest integrated circuit design enterprise in Hunan, was a member of the national team. Beijing News reporter noted that in April 28, 2016, the state micro to the SFC submitted the gem IPO prospectus. As a result of the surprise attack before the national micro IPO, the big fund has made considerable gains. In July 2017, the national micro listing continued to skyrocket. As of now, the stock price is 68.83 yuan, the market value is 7 billion 693 million yuan, and the market value of the large fund is 1 billion 200 million yuan, which is 3 times the investment cost. The big fund has also made great investments in San ans optoelectronics. As early as in June 16, 2015, San an optoelectronic controlling shareholder of San an group, with 22.3 yuan / share price, transferred its 217 million shares to the big fund for 4 billion 839 million yuan. In December 16, 2015, the large fund was further priced at 22.51 yuan per share, totaling 71 million 79 thousand and 500 shares, with a share of 11.3%. In terms of current shareholding market capitalization, large funds have gained 3 billion 600 million yuan and earned 56% over two years. The big fund is still investing in related stocks. In September 2017, long power technology issued a plan to increase the plan, the total amount of funds to be raised is not more than 4 billion 550 million yuan, of which the large fund subscription is not over 2 billion 900 million yuan, after the end of the issue, the share ratio increased to 19%. In October 7, 2017, the stock price took off after the re licensing of the long power technology. It rose from 17.3 yuan before the suspension (September 19th), up to 24 yuan a month later, up about 40%. After buying and buying and obtaining huge profits in capital markets, the scale of big funds has been expanding. According to the announcement by the company of the big fund, in 2015, the total assets of the large fund were 35 billion 570 million yuan, and in 2016 to 65 billion yuan, the liabilities remained stable, respectively, 248 million yuan and 290 million yuan. In terms of revenue, 2015 was 180 million yuan, increased to 205 million yuan in 2016, and net profit was 926 million yuan and 2 billion 130 million yuan respectively. The big fund has become the largest shareholder of some listed companies According to reports, Ding Wenwu, the president of the big fund, has said that the main direction of the big fund investment is the industry leading enterprises, not the venture capital and the angel investment, and generally not the big shareholders. The Beijing News reporter found that the large fund had over 5% of the 10 listed companies, but they did not become controlling shareholders or actual controllers. However, the investment of large funds to individual enterprises has been increasing and is gradually rising to the largest shareholder. For example, long power science and technology, in September 2017, the development of long power science and Technology issued a plan, the total amount of funds to be raised is not more than 4 billion 550 million yuan, the large fund subscribed to 2 billion 900 million yuan, the proportion of shares will increase to 19%, from the original third major shareholders to the first major shareholders. For this change, Zhu Zhengyi, the director of Changdian technology, told the media that the National IC industry fund came in and had a long-term positive significance for the development of the company. At present, the increase of the long power technology has not been completed. At the same time, listed companies with big funds invest frequently in equity consolidation. For example, long power technology, its April 2016 announcement, the price of 15.35 yuan / share to the big fund and the core international issue of 129 million 700 thousand shares of the acquisition of related assets, at the same time to the core international distribution of no more than 150 million 800 thousand shares to raise funds. After the completion of the transaction, SMIC has become the largest shareholder of Changdian technology by 14.28% stake. In November 2017, it announced that it had subscribed for 50 million 3 thousand and 370 shares of wick international allotment in Hong Kong HK $533 million, and held 1.02% of the Sino core international shares after the transaction was completed. With the reorganization of abortive abortive abortions, Chinas core international performance was poor. The Beijing News reporter noted that the capital operation of the big fund was not a failure, and its reorganization with the purple light department failed. In July 2017, the purple state core announced that it would buy the Changjiang storage technology holding company limited by the way of issuing shares, but because the project of the Changjiang memory chip factory was still in the early stage of construction, it could not produce sales revenue in the short term, and the acquisition conditions were not mature enough, so the restructuring was terminated. In this capital operation, the position of big funds is important. In July 2016, Changjiang storage technology limited liability company with a total investment of about 160 billion was established, and the big fund was the main shareholder. It is reported that the Yangtze River storage project is the largest single funded project, with an investment exceeding 10 billion yuan. In the past few years, there has been twists and turns in the development of another major project funded by the big fund. SMIC is known as the worlds leading integrated circuit foundry enterprise and the largest and most advanced integrated circuit foundry enterprise in China. In 2015, the big fund entered the second largest shareholder by subscribing to SMIC international placement, which cost nearly HK $3 billion 100 million. In August last year, China core international announced that the central North integrated circuit was invested by eight shareholders by 2 billion 400 million US dollars. The large fund was $900 million, and the share ratio increased from 26.5% to 32%. In January this year, the middle core of China core international is to increase the capital and increase the capital to $946 million 500 thousand. According to this calculation, the large funds transfusion to SMIC has exceeded 12 billion yuan. However, in the early stage of the SMIC, it has been in a huge deficit for a long time. In 2017, SMIC gained HK $126 million, down 60.13%. Source: Zhao Yibo, editor in chief of Beijing News: Li Hang _BJS4645 SMIC is known as the worlds leading integrated circuit foundry enterprise and the largest and most advanced integrated circuit foundry enterprise in China. In 2015, the big fund entered the second largest shareholder by subscribing to SMIC international placement, which cost nearly HK $3 billion 100 million. In August last year, China core international announced that the central North integrated circuit was invested by eight shareholders by 2 billion 400 million US dollars. The large fund was $900 million, and the share ratio increased from 26.5% to 32%. In January this year, the middle core of China core international is to increase the capital and increase the capital to $946 million 500 thousand. According to this calculation, the large funds transfusion to SMIC has exceeded 12 billion yuan. However, in the early stage of the SMIC, it has been in a huge deficit for a long time. In 2017, SMIC gained HK $126 million, down 60.13%.