广东省财政厅关于印发《广东省政府投资基金管理办法》的通知

Core Points - The article outlines the management measures for government investment funds in Guangdong Province, aiming to establish a scientific and efficient management system to promote high-quality development of these funds [3][5][30] - The government investment funds are defined as funds established by various levels of government through budget arrangements, either solely funded or co-funded with social capital, to support industry development and innovation through market-oriented investment methods [3][4] Summary by Sections General Principles - The government investment funds focus on strategic priorities and areas where the market cannot fully play its role, emphasizing the development of patient capital and practical effectiveness [3][4] - The funds are categorized into industrial investment funds and venture capital funds, targeting the enhancement of traditional industries and the cultivation of emerging industries [4] Fund Management - The establishment of government investment funds requires approval from the local government, with specific guidelines for different levels of government to control the creation of new funds [6][7] - The funds must adhere to a market-oriented selection process for management institutions and fund managers, ensuring a separation of ownership, management, and custody [9][11] Investment Operations - Government investment funds are required to operate within the defined investment areas and must establish a scientific and efficient investment decision-making mechanism [13][21] - The funds can engage in rolling investments and are encouraged to support long-term strategic industries through follow-up investments [21][22] Performance Management - A performance management system will be established to evaluate the effectiveness of the funds, focusing on achieving policy objectives rather than solely on profitability [15][16] - The management fees for the funds will be determined based on market principles and linked to performance evaluation results [14][17] Risk Control and Supervision - The article emphasizes the importance of legal and ethical training for personnel involved in fund management to prevent conflicts of interest and ensure compliance with regulations [19][20] - Regular audits and performance evaluations will be conducted to ensure transparency and accountability in fund operations [28][29]