Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN MOF, Relevant Departments to Jointly Establish '1+N' System of Govt Investment Funds
Recommend 2 Positive 3 Negative 2 |
||||
|
||||
|
In recent years, the number and scale of government investment funds in China have been growing steadily, playing a positive role in serving national strategies, promoting industrial upgrading and facilitating innovation and entrepreneurship. Meanwhile, there are also problems such as homogenization of the direction of some government investment funds and blindly following the trend of setting up funds in individual regions. In order to better utilize the role of government investment funds and improve their investment efficacy, the Guidance specifies that the funds should be accurately positioned and their distribution should be reasonably coordinated to prevent homogenized competition and crowding out effect on social capital, including encouraging the development of venture capital funds, with an emphasis on investing in early stage, small scale, long term and hard & core technology. As a next step, the Ministry of Finance (MOF) will work with relevant departments to strengthen information sharing, communication and coordination, and formulate supporting policies. The MOF will also formulate and introduce ancillary rules regarding the management of government investment fund budgets and state-owned assets, performance review, statistical data, credit construction, registration and filing and others, and construct a “1+N” system for government investment funds. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
