Core Points - The Guangxi Government Investment Guidance Fund aims to leverage social capital to support various industries and innovation through market-oriented equity investments [1] - The fund focuses on ten categories including strategic emerging industries, traditional industry transformation, regional characteristic industries, technology achievement transformation, digital economy, green economy, modern services, and major national strategies [1] Group 1: Eligibility Criteria for Sub-Fund Applicants - Sub-fund applicants must include local industry authorities, state-owned enterprises, and municipalities with clear funding channels and budgetary support [2] - Eligible applicants can also be equity investment management institutions, leading enterprises, renowned universities, research institutes, and technology transfer organizations, with specific financial and operational requirements [2][3] Group 2: Fund Management Requirements - Fund managers must be legally established in China with a minimum registered capital of 10 million RMB and must have a good reputation without major legal violations in the past three years [6] - A stable management team with relevant experience in equity investment management is required, including at least three senior managers with over three years of experience [6] Group 3: Sub-Fund Establishment Requirements - The sub-fund must be organized as a company or limited partnership, with a minimum duration of five years [10] - The local government’s financial contribution to the sub-fund should not exceed 35%, and for funds involving multiple levels of government, the total contribution should not exceed 50% [11] Group 4: Investment Direction and Management Fees - The fund supports innovation and entrepreneurship, focusing on early-stage investments in technology-driven enterprises and traditional industries [16] - Management fees are generally capped at 2% of the fund's paid-in capital, with potential increases for specific types of funds [17][18] Group 5: Application Process for Sub-Funds - The application process includes public announcements, submission of proposals, project reviews, and due diligence by the fund management office [36][39][40] - Applicants must ensure the legality and authenticity of their submitted materials and are responsible for any discrepancies [37]