大连市：出台“连十条”，为现代化产业体系建设注入金融活水

Core Viewpoint - Dalian City has introduced measures to leverage government investment funds to support the transformation of technological achievements and the construction of key industrial clusters, aiming to inject financial vitality into the modern industrial system [1][2]. Group 1: Key Measures - The "Ten Measures" focus on government guidance and policy positioning, promoting a "one industrial cluster, one sub-fund" approach to cover ten key industrial clusters in Dalian [1]. - A detailed investment area list will be established and dynamically adjusted to ensure funding targets critical links in the industrial chain, core technology breakthroughs, and key projects [1]. Group 2: Funding Support Adjustments - The funding support ratios have been adjusted, increasing the upper limits for the municipal mother fund's investment in angel and venture capital sub-funds to 50% and 40%, respectively [2]. - The maximum duration for angel and venture capital sub-funds has been extended to 15 years to provide stable funding for the full cycle of technology-based enterprises [2]. Group 3: Investment Service Innovation - The measures encourage attracting social capital for direct investment in potential listed companies and aim to optimize the return calculation for investments in high-potential enterprises [2]. - A project database will be established to facilitate local universities and research institutions in identifying investment projects and matching them with available spaces [2]. Group 4: Risk Control and Incentive Mechanisms - Regular fund matching activities will be held to enhance enterprise support through a combination of funds, loans, guarantees, and insurance [3]. - The measures propose a performance management system for government investment funds, where the evaluation results will influence future funding and incentives [3]. - The introduction of a fault-tolerance mechanism aims to tolerate normal investment risks while ensuring effective operation of government investment funds [3].