广东出台新规！政府投资基金管理费原则上不在本金中列支

Core Viewpoint - The Guangdong Provincial Finance Department has issued the "Guangdong Provincial Government Investment Fund Management Measures," which includes 40 articles focusing on the establishment norms of government investment funds and conditions for management fee collection, attracting significant public attention [1] Group 1: Fund Establishment and Management - The measures specify requirements for the establishment and exit of government investment funds, including approval from the same-level government for fund establishment and a requirement for city-level and above to report to the provincial finance department [2] - The measures stipulate that county-level governments should control the establishment of new government investment funds, requiring approval from the city government for those with better financial conditions [2] - The fund establishment plan must detail performance goals, investment areas, fundraising scale, contribution structure, duration, investment methods, profit distribution, exit methods, management fees, and risk control measures [2] Group 2: Selection of Management Institutions - The measures require that entrusted management institutions and custodial banks must have relevant business qualifications and maintain a good financial status without significant penalties from administrative or judicial authorities in the last three years [3] Group 3: Fund Utilization and Revenue Management - The measures indicate that the net revenue from government investment funds established through capital injection into state-owned enterprises should primarily be used for rolling investments or other policy tasks as approved by the relevant departments [4] - The management section of the measures emphasizes differentiated management for various types of government investment funds, encouraging higher government contribution ratios and risk tolerance for venture capital funds [5] - The measures state that fund management fees should be determined based on market principles and linked to fund performance evaluations, with fees generally not charged against the principal [6]