On January 11th, Xiao Gang, former chairman of the China Securities Regulatory Commission, stated at the 29th (2025) China Capital Market Forum that to better leverage the role of government guided funds, it is necessary to clarify the purpose of government guided funds and increase support for early-stage projects and cutting-edge technology projects; Establish a scientific and reasonable evaluation system and fault-tolerant mechanism, enhance risk tolerance, increase investment in basic research, attach importance to incubating new technologies and enterprises, and enhance the competitiveness of industrial and supply chains; Enhance fund management capabilities, build a team that understands industries, markets, laws, and capital operations, establish and improve market-oriented incentive and restraint mechanisms, optimize investment decision-making processes, and leverage the initiative of the management team. (Shanghai Stock News)
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