1. Developing a National Standard to Regulate the Operation and Management of Venture Capital Guiding Funds
- Author:
- Pangoal Institution
- Publication Date:
- 12-2016
- Content Type:
- Special Report
- Institution:
- Pangoal Institution
- Abstract:
- Though National Development and Reform Commission, Ministry of Finance and Ministry of Commerce jointly released theGuiding Opinions on Guiding Funds in 2008 and local governments also issued relevant guiding opinions when they set up guiding funds, these guiding opinions lack the administrative regulations and concrete standards for the operation of venture capital guiding funds. The establishment and operation of the 40-billion-RMB Emerging Industry Venture Capital Guiding Fund will drive the new round of peak for the establishment of venture capital guiding funds in China. To better standardize the operation and management of guiding funds, improve the operation efficiency, and prevent through systems rent-seeking behaviors such as connected transactions and inbreeding, it is imperative to formulate a national standard for guiding funds.
- Topic:
- Regulation, Investment, Capital, and Venture Capital
- Political Geography:
- China and Global Focus