广东出台促进创投高质量发展行动方案 改革完善政府出资创投基金考核、容错免责机制

Core Viewpoint - The Guangdong Provincial Government has officially issued the "Action Plan for Promoting High-Quality Development of Venture Capital" to strengthen government guidance and policy support for the growth of venture capital in the province [1] Group 1: Encouragement of Investment - The plan encourages diverse entities, including large state-owned enterprises and research institutions, to participate in venture capital, aiming to enhance the operational standards of venture capital institutions [2] - It emphasizes investment in new fields and high-tech sectors, advocating for early-stage, small-scale, and long-term investments in innovative technologies and specialized enterprises [2] Group 2: Government Fund Management - The plan outlines the optimization of government-funded venture capital fund operations, utilizing a "mother fund + sub-fund + direct investment" model to support strategic emerging industries [2] - It introduces a differentiated assessment mechanism for government-funded venture capital funds, focusing on the fund lifecycle and investment areas, while also proposing to extend the duration of these funds [2] Group 3: Support for State-Owned and Foreign Investment - The plan includes measures to improve the management system for state-owned venture capital, ensuring compliance with industry characteristics and establishing a responsibility exemption mechanism [3] - It aims to optimize the Qualified Foreign Limited Partner (QFLP) pilot system to facilitate cross-border investments by eligible foreign venture capital institutions [3] Group 4: Financial Support for Venture Capital - The plan seeks to broaden the sources of venture capital funding, encouraging insurance institutions to invest in venture capital funds and supporting the issuance of corporate bonds by qualified venture capital institutions [4] - It proposes mechanisms for the exit of venture capital investments, including facilitating listings and bond issuances for technology companies, and supporting the transfer of equity investment and venture capital fund shares [4] Group 5: Government Guidance and Policy Support - The plan emphasizes the establishment of mechanisms to connect venture capital with innovative projects, promoting patent commercialization and implementing tax policies to support venture capital [4]