嘉兴市构建科创基金新生态 推动国有资本敢“大胆”能“耐心”

Core Insights - The 20th National Congress of the Communist Party emphasizes the development of "patient capital" as a crucial element for enhancing the new quality productivity system tailored to local conditions [1] Group 1: Institutional Framework - The establishment of legal foundations for innovation in financial support, including the introduction of the "Jiaxing City Science and Technology Innovation Financial Promotion Regulations," which categorizes assessments of state-owned investment funds and emphasizes a comprehensive evaluation approach [2] - A performance evaluation system has been developed that includes decision-making, process, and performance metrics, focusing on the quality of investment processes rather than solely on economic returns [2] - Implementation of a due diligence exemption system to clarify conditions and processes for liability exemption for state-owned investment funds, aiming to alleviate concerns about investment risks [3] Group 2: Management Mechanisms - Expansion of funding sources by engaging with national-level funds, securing 460 million yuan for green development projects and 900 million yuan for aerospace projects, while also promoting the issuance of science and technology bonds [4] - Improvement of fund operation efficiency by extending the lifespan of innovation funds to 15 years and enhancing the selection process for fund managers through market-based approaches [4] - Establishment of efficient exit channels for funds, including the creation of a fund share transfer service base and innovative pledge financing for fund shares, enhancing liquidity for innovative enterprises [5] Group 3: Service Models - Strengthening collaboration between state-owned investment funds and financial institutions, including strategic partnerships with banks to provide credit support for technology enterprises [6] - Development of a comprehensive investment matrix through the establishment of various funds that cover a significant portion of the city, focusing on high-end equipment and innovation [7] - Optimization of platform cooperation by integrating resources and aligning with high-level innovation platforms, promoting direct investments in incubated enterprises to foster growth [8]