甘肃：严控新设基金，不以招商引资为目的设立政府投资基金

Core Viewpoint - The Gansu Provincial Government has issued implementation opinions to promote the high-quality development of government investment funds, emphasizing the need for careful evaluation and approval processes for fund establishment, as well as the importance of avoiding redundant investments and ensuring effective fund management [1][4][5]. Group 1 - The government investment funds should have a reasonable duration and act as long-term and patient capital to adjust across cycles [4]. - Funds established by the government must undergo thorough evaluation and adhere to approval procedures, with provincial or municipal funds requiring local government approval [4][5]. - New government investment funds at the county level should be strictly controlled, with proposals needing approval from the municipal government if the county has sufficient financial resources [4]. Group 2 - All levels of government investment funds must prevent redundant investments and disorderly competition to avoid overcapacity and low-level repeated construction [4]. - New funds established by municipalities or counties must be reported to the provincial finance department for record-keeping [4]. - The same government should not establish multiple funds in the same industry or field, but funds can support the same project in a market-oriented manner [4]. Group 3 - Funds lacking industrial foundation or resource endowment should enhance effectiveness through optimized investment directions and market-oriented exits [5]. - Fiscal departments at all levels are responsible for the unified management of government investment funds, with strict controls on new fund establishments [5]. - It is prohibited for governments to finance through illegal debt, and there should be no new hidden local government debts [5]. Group 4 - A mechanism for error tolerance centered on compliance responsibility exemptions is encouraged to enhance the investment enthusiasm of fund managers [5]. - Regulatory responsibilities should be performed in accordance with laws and regulations, without administrative interference in daily fund management and investment decisions [5].