Ministry of Finance and National Development and Reform Commission, Tentative Measures for the Administration of Funds for Equity Participation in Venture Investment by the Venture Investment in Emerging Industries Scheme
财政部、国家发展改革委员会新兴产业创投计划参股创业投资基金管理暂行办法
Central government finances may directly invest in venture investment enterprises.
Issue: October 2011
CLP Reference: 2110/11.08.17
Promulgated: 17 August 2011
Effective: 17 August 2011
Keywords (click to search):
venture investment
emerging industries
equity participation
Promulgated: August 17 2011
Effective: as the date of promulgation
Interpreting authorities: Ministry of Finance and National Development and Reform Commission
Applicability: The term “venture investment in emerging industries scheme” refers to the fostering and promotion of the development of emerging industries by funding of central government finances through direct investment in venture investment enterprises and equity participation in venture investment funds.
The phrase “funds for equity participation in venture investment” means that central government finances allocate funds from dedicated funds such as the research and development funds for industry technology, together with funds from local governments and private capital, to jointly establish by promotion venture investment funds or to participate in...
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