Core Viewpoint - The Zhejiang Provincial Government has issued implementation opinions to promote the high-quality development of government investment funds, focusing on attracting social capital and enhancing investment in key industries and innovative sectors [1][2]. Group 1: Fund Positioning and Types - Government investment funds are categorized into industrial investment funds and venture capital funds, targeting significant strategic projects and emerging industries [4][5]. - Industrial investment funds will focus on the "415X" advanced manufacturing cluster, while venture capital funds will emphasize the "315" technology innovation system, particularly in fields like artificial intelligence and biotechnology [4][5]. Group 2: Management and Operational Guidelines - The implementation opinions advocate for a differentiated management mechanism based on the characteristics of the funds, with a typical lifespan of up to 15 years for industrial funds and 20 years for venture capital funds [4][5]. - A comprehensive risk prevention system will be established, covering the entire investment process from fundraising to exit [3][12]. Group 3: Coordination and Integration - The government will enhance coordination across regions to promote balanced development and establish a strategic guidance mechanism for government investment funds [6][8]. - There will be an emphasis on integrating existing funds to avoid redundancy and ensure efficient use of resources [8][9]. Group 4: Performance Evaluation and Incentives - A performance evaluation mechanism will be implemented to assess the effectiveness of government investment funds, focusing on achieving policy objectives and social benefits [9][10]. - The government will support the establishment of market-oriented operational mechanisms to incentivize fund management teams and ensure accountability [10][11].

投资界6月4日消息，广东省财政厅日前印发《广东省政府投资基金管理办法》。《办法》提出，政府投资基金可采取母子基金或直投项目方式进行投资。子 基金原则上以直投项目（含单项目专项基金）方式进行投资，控制基金层级，防止多层嵌套影响政策目标实现。基金绩效考核重点关注政策目标综合实现情 况，不以盈利为主要目的，可不设定内部基准收益率，不以单个项目或单一年度盈亏作为考核依据，原则上不穿透考核子基金的单个投资项目。 第四条 政府投资基金突出政府引导和政策性定位，聚焦重大战略、重点领域和市场不能充分发挥作用的薄弱环节，发展耐心资本，注重发挥实效。 第五条 政府投资基金主要分为产业投资类基金和创业投资类基金。 附：《广东省政府投资基金管理办法》全文 广东省政府投资基金管理办法 第一章 总则 第一条 为构建科学高效的政府投资基金管理体系，促进政府投资基金高质量发展，更好发挥政府投资基金作用，根据《中华人民共和国预算法》及其实施 条例等法律法规以及《国务院办公厅关于促进政府投资基金高质量发展的指导意见》（国办发〔2025〕1号）等文件规定，结合我省实际，制定本办法。 第二条 本办法所称政府投资基金，是指各级政府通过预算安排，单独出 ...