Guidance on setting up and operation of venture capital guiding fund

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; According to the 22nd news of the Chinese government, the State Council recently forwarded the National Development and Reform Commission and other departments to formulate the "guidance on the establishment and operation of venture capital guiding funds", requiring all parts and departments of the State Department, the immediate institutions to implement seriously.

According to the document developed by the Development and Reform Commission, the Ministry of Finance and the Ministry of Commerce, the Venture-guide fund is a policy fund set up by the government and operated according to market mode, mainly through supporting the development of venture capital enterprises and directing social funds into the field of venture investment, but the above-mentioned guidance fund does not

The purpose of setting up the fund is to exert the leverage amplification effect of financial funds, to increase the supply of venture capital, to overcome the market failure problem simply through market allocation of venture capital, and to make up for the enterprises in the early stage such as seed period and start-up period by encouraging venture investment enterprises, making up for the main investment in long-term , maturity and the lack of rebuilding enterprises.

This document requires that the relevant departments of the municipal People's government can set up a guide fund according to the needs of the development of venture capital and financial situation, and stipulate that the Guidance Fund shall be established in the form of an independent legal person, and that the Council appointed or dispatched by the relevant departments may exercise its decision-making and management responsibilities And the external exercise of the rights to guide the Fund and assume the corresponding obligations and responsibilities. Its sources of financing include financial special funds to support the development of venture capital enterprises, the investment income and guarantee income of the fund, the interest income from the idle funds deposited in the bank or the purchase of government bonds, and the funds donated by individuals, enterprises or social institutions.

These guidelines clearly define the operating principles and modalities, management and risk control of the Venture-guide fund, stressing that "shall not be used for investments in loans or stocks, futures, real estate, funds, corporate bonds, financial derivatives, etc., and for sponsorship and donation." Idle money can only be deposited in banks or purchases of government bonds.