辽宁：鼓励政府投资基金、国资基金设立并购基金

Core Viewpoint - The Liaoning Provincial Government has issued implementation opinions to promote the high-quality development of private equity investment funds, aiming to establish a multi-level, diversified, and full-cycle private equity investment fund system by the end of 2027, with a target of raising over 180 billion yuan in subscribed capital [1][2]. Group 1: Fund Development Goals - By the end of 2027, the subscribed capital of various funds is expected to exceed 180 billion yuan, and by 2030, it is projected to surpass 250 billion yuan, significantly contributing to the province's high-quality development [1]. - The opinions emphasize the cultivation of diversified investment entities, encouraging venture capital institutions to increase investments in original and leading technology innovation enterprises in Liaoning [1][2]. Group 2: Investment Strategies - The government aims to support the development of patient capital, allowing insurance institutions to invest in venture capital funds and optimizing risk factors for eligible insurance companies [1][2]. - The opinions promote the development of corporate venture capital (CVC) and encourage investments around key links in the industrial chain to accelerate breakthroughs in core technology research and industrial transformation [1][2]. Group 3: Fund Management and Governance - A comprehensive evaluation system for government investment funds will be established, focusing on long-term performance rather than short-term project results [2][4]. - The government will streamline the approval process for establishing investment funds, ensuring that local governments assess and report fund establishment in a timely manner [6][7]. Group 4: Policy Framework and Environment - The opinions call for the optimization of fund management policies, including specific management methods and performance evaluation systems to enhance investor confidence in Liaoning [8][9]. - A risk tolerance and exemption mechanism will be established to encourage innovation and create a supportive environment for fund development [9][11]. Group 5: Collaboration and Coordination - The government will enhance collaboration among various departments to ensure effective management and operation of investment funds, promoting information sharing and coordinated efforts to address challenges in fund development [11][12].