高容亏要落在担重责见实效上

Group 1 - Shenzhen's Futian District has proposed a funding scheme for early to mid-stage projects aligned with industrial development, offering investments of 1 million, 3 million, and 5 million yuan, with a maximum allowable loss of 100% for qualifying projects [1] - This is not the first instance of a 100% loss tolerance policy; similar policies were introduced in Guangzhou and Nanshan District, indicating a trend towards higher risk tolerance in state-owned capital investment [1] - The high loss tolerance aims to address the reluctance of state-owned capital to invest in high-risk innovative projects, which has historically been limited to a loss tolerance of 20%-30% [1] Group 2 - The State Council issued guidelines in January promoting a supportive environment for innovation and a tolerance for failure, encouraging state-owned capital to invest more freely in "hard technology" sectors [2] - Concerns exist regarding the potential for a "lying flat" mentality among state-owned enterprises due to high loss tolerance, but current implementations are limited and conditional [2] - The transition from a fear of mistakes to a willingness to take risks is crucial, with the need for clear guidelines and risk management frameworks to ensure effective implementation of high loss tolerance policies [3] Group 3 - The implementation of a 100% loss tolerance is not an end goal; rather, it is intended to encourage accountability for innovation and risk-taking in investments [3] - There is a call for further refinement of the standards for loss tolerance and clearer definitions of compliance responsibilities to ensure the policies are actionable and effective [3] - The expectation is for state-owned capital to act as a stabilizing force in the market, taking bold steps to explore new opportunities [3]