Core Viewpoint - The Liaoning Provincial Government aims to promote the high-quality development of private equity investment funds, targeting a subscription scale of over 180 billion yuan by the end of 2027 and over 250 billion yuan by the end of 2030, significantly contributing to the province's high-quality development [1][11]. Group 1: Overall Requirements - The initiative is guided by Xi Jinping's thoughts and aims to enhance the private equity investment fund ecosystem, ensuring a multi-level, diversified, and full-cycle fund system by 2027 [11]. - The plan emphasizes the importance of private equity funds in modernizing the industrial system and fostering innovation [11]. Group 2: Strengthening Investment Institutions - The government will cultivate diverse investment entities and encourage venture capital institutions to invest in innovative technology companies [12]. - Shenyang and Dalian are designated to become influential regional private equity investment hubs, aiming for double-digit annual growth in fund subscriptions [3][13]. Group 3: Expanding Fundraising Channels - The government will enhance the role of government investment funds and establish a matrix of funds to support strategic emerging industries [14]. - National-level funds will be encouraged to set up special funds or make direct investments in Liaoning [15]. Group 4: Enhancing Industry-Investment Connections - The plan focuses on connecting private equity investment institutions with key industry clusters and facilitating collaboration between various stakeholders [15]. - An online platform named "Chuangtou Liaoning" will be developed to optimize the matching of investment institutions and innovative projects [15]. Group 5: Strengthening Fund Management - The government will promote the standardized operation of government investment funds and establish a mechanism for investment linkage and profit-sharing [16]. - A risk tolerance and error-correction mechanism will be implemented to support fund managers and state-owned investors [16]. Group 6: Broadening Exit Channels for Funds - The initiative aims to facilitate the listing and acquisition processes for invested companies, enhancing market exit strategies for private equity funds [17]. - The development of secondary market funds (S Funds) will be promoted, encouraging investments from various financial institutions [17]. Group 7: Building a Healthy Industry Ecosystem - A comprehensive management mechanism will be established to promote the high-quality development of private equity investment funds [18]. - The government will enhance the credit environment and strengthen industry regulation to ensure the protection of investors' rights [18].