Core Viewpoint - The Henan Provincial Government has issued implementation opinions to promote the high-quality development of government investment funds, focusing on expanding exit channels and protecting the interests of investors [1] Group 1: Fund Development - The government encourages the development of S funds and merger funds, exploring the establishment of provincial-level S funds and merger funds [1] - There is a push to establish transaction processes and evaluation systems for S funds [1] Group 2: Investor Protection - Funds are required to fairly maintain the interests of investors in terms of profit distribution and loss sharing [1] - The implementation opinions emphasize the protection of the legal rights and interests of social capital [1] Group 3: Market System Improvement - The plan aims to improve the multi-level capital market system, supporting pilot projects for the transfer of private equity and venture capital shares [1] - There is an initiative to promote the alignment and standardization of regional equity market rules to broaden fund exit channels [1]