青岛出手：政府引导基金最高容亏100%！

Core Points - Qingdao City has officially released the "Action Plan for Promoting High-Quality Development through Fund Guidance (2025-2027)" aiming to establish a government-guided fund system with a scale of no less than 300 billion yuan [1][2] - The plan targets an investment scale of 150 billion yuan for government-guided funds, over 100 billion yuan for state-owned enterprise funds, and over 100 billion yuan for various venture capital institutions in Qingdao projects by 2027 [1][2] Group 1 - The "Action Plan" will integrate government-guided funds to attract social capital, aiming for a fund matrix of at least 300 billion yuan [1] - The government-guided fund will have a maximum loss tolerance of 100%, establishing a mechanism for due diligence exemption [1][2] Group 2 - The plan encourages collaboration between state-owned enterprises and government-guided funds, utilizing models like "fund + industry," "fund + park," and "fund + project" to support project implementation and park construction [2] - It aims to deepen the transformation of fiscal funds into investments, establishing various specialized investment funds to enhance investment decision-making efficiency [2] Group 3 - The "Action Plan" includes initiatives for attracting investment, aiming to introduce at least 15 billion yuan in long-term and patient capital over three years [2] - It also seeks to establish pilot funds for equity investments in financial asset investment companies, targeting a total investment scale of no less than 6 billion yuan over three years [2]