On February 25th, the parent fund of technology innovation and entrepreneurship investment in Guangzhou Development Zone (Huangpu District) recently disclosed its direct investment rules, which show that seed direct investment and angel direct investment projects are allowed to have a maximum of 100% loss per project. In the eyes of industry insiders, the above measures innovatively shift the role of the government from risk sharing to risk support, and solve the industry’s stubborn problem of not daring to invest early or small. The assessment of government investment funds has shifted from “calculating current accounts” to “calculating future accounts”, giving decision-making space for market-oriented investment and unprecedented trial and error space for the development of hard technology. Industry insiders believe that due to multiple regulations on investment institutions, to truly promote the implementation of a fault-tolerant mechanism for government investment funds, more operational guidelines need to be developed in areas such as performance evaluation and investment project supervision. (Shanghai Securities News)
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