Fujian: Integrate Investment in Nurturing Unicorn and Gazelle Companies in the Digital Economy into the Performance Evaluation Framework for State-Owned Venture Capital
16 hour ago / Read about 0 minute
Author:小编   

The Fujian Provincial Development and Reform Commission has unveiled the "Ten Strategies to Bolster the Growth of Innovative Digital Economy Enterprises in Fujian Province." This initiative is geared towards enhancing the alignment between financial supply and demand, streamlining financing avenues for digital innovation firms, and promoting enterprise visibility through the organization of government-bank-enterprise digital interface (here, "interface" is used to convey the meaning of "docking" or "connection" in a more natural English context) meetings.

Concurrently, the commission aims to refine the assessment and evaluation system for industrial fund investments, enhance the investment review and advisory processes, and integrate the nurturing of unicorn and gazelle companies into the performance evaluation of state-owned venture capital. Furthermore, it will enhance the collaborative investment mechanism of government funds and institute due diligence and compliance waivers. A profit-sharing framework will be established, enabling provincial government guidance funds to exit with profits ahead of schedule and share profits equitably with fund management entities and social investors during liquidation, with a cap set at 50% of the government's investment returns.

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