武汉创投新政：最高容亏100%，每年10%新增资金可承接基金退出项目

Core Viewpoint - The Wuhan Municipal Government has launched an action plan to promote high-quality development of technology finance, aiming to establish over 50 specialized technology finance institutions by 2027, with a target of exceeding 300 billion yuan in equity investment fund scale and 500 billion yuan in loans for technology enterprises [1]. Group 1 - The plan emphasizes the role of government investment funds, increasing their contribution to seed funds and angel funds to over 50%, with a maximum fund duration of 15 years [1]. - It proposes an optimized evaluation mechanism for government investment funds, focusing on the entire fund lifecycle rather than individual fund or project performance [1]. - A fault-tolerant mechanism will be established, allowing for exemptions in cases of force majeure, with seed and angel funds permitted to incur losses of up to 80% and 60% of total investments, respectively [1]. Group 2 - The plan introduces an innovative approach where government investment funds can allocate up to 10% of new investments annually to projects exiting from seed and angel funds, with the same fault-tolerant policies applicable [2].