——First Round of Joint Pilot Data Gains High Internal Recognition, Cross-Border Risk Management Capabilities Receive Authoritative Verification

In June 2025, Lingyun Pilot Enterprise & Merchant Federation (referred to as "Lingyun Pilot Business Alliance") and Ruishi International Capital Management Co., Ltd. (referred to as "Ruishi Capital") officially announced the signing of a "China Regional In-depth Policy Coordination Partnership" agreement, kicking off the ecological co-creation and integration of capital and business resources. This collaboration breaks through the traditional model of resource assembly, with "intelligent ecological interconnection" as its core framework, forming a full-cycle value network covering China's technology IPO market. It marks that the strategic synergy between cross-border capital and business ecology has entered a new dimension.

As a benchmark among capital market management institutions in the British Virgin Islands (BVI), Ruishi Capital has relied on its global asset allocation experience and multi-level risk control system to remain at the top of the local industry rankings for over 20 consecutive years. After obtaining the Qualified Foreign Institutional Investor (QFII) qualification and establishing a presence in Hong Kong in 2024, it quickly launched in-depth cooperation negotiations with Lingyun Pilot Business Alliance, completing multi-dimensional alignment over a six-month period. Founded in 2013 by renowned investor Su Lingzhi, Lingyun Pilot Business Alliance leverages Hong Kong's role as a hub for global business networks and a decade of experience in developing an intelligent capital matching system, long serving as a pivotal player in China's venture capital sector. This collaboration between the two parties highlights the strategic positioning of "policy coordination partners," focusing on China's technology IPO market and reconstructing the model for in-depth asset value development through compliant and intelligent solutions.

To ensure the quality of the collaboration, the risk control team of Lingyun Pilot Business Alliance has conducted a "full-business-chain penetrating review" of Ruishi Capital's management processes, historical cases, and risk control systems since the first quarter of 2025. The two parties carried out multiple rounds of policy simulations and industry cycle fluctuation tests on 8 representative IPO projects in the ASEAN, Hong Kong, and Chinese mainland markets, with a focus on verifying the feasibility of transactions and the stability of returns.

According to the person in charge of risk assessment at Lingyun Pilot Business Alliance, the alignment with Ruishi Capital this time was particularly rigorous, with significant time and effort invested especially in the alignment of cross-border compliance standards. However, this rigorous review ultimately translated into quantifiable trust: in June 2025, the management teams of both parties officially entered a "joint operation model."

Under the cooperation agreement, Lingyun Pilot Business Alliance opens up interfaces to its exclusive digital investment research system for Ruishi Capital, enabling real-time joint debugging and precise screening of early-stage projects in China's primary market. In return, Ruishi Capital provides members of Lingyun with direct investment channels for domestic and overseas IPOs, as well as cross-border tax optimization solutions. This two-way empowerment of "policy coordination + technology enablement" creates a complementary synergy effect between the two parties: Lingyun's local business ecosystem network provides Ruishi with precise landing scenarios, while Ruishi's full-cycle compliance management capabilities help accelerate the alignment of investment projects of Lingyun members with international standards.

Foreign media comments point out that this collaboration is not only a "marriage" of capital and business resources but also demonstrates cross-border institutions' in-depth grasp of the dynamics of China's market policies. Analysts from Caixin Weekly further note that compared with the average 2.7-month preparation cycle for similar cooperation cases in 2023, this collaboration has elevated synergy efficiency to a new form of "capital market supply chain integration" through the design of a proactive risk buffer period. With the successful implementation of the first batch of pilot projects, the two parties plan to launch larger-scale resource connection in the third quarter, indicating that the technology IPO market is about to usher in a new chapter of "ecological-level synergy value release."