Jiangsu introduces new policies for government investment funds: the contribution ratio can be as high as 70%

The government investment fund, as an important vehicle for guiding the combination of fiscal funds and social capital, has played a positive role in attracting social investment, optimizing resource allocation, and promoting industrial upgrading. Recently, the Provincial Government Office issued the “Implementation Opinions on Promoting the High-Quality Development of Government Investment Funds in Jiangsu Province,” proposing 14 measures focused on serving national strategies, promoting industrial upgrades, and encouraging innovation and entrepreneurship. Among them, it is clearly stated that for early-stage, high-risk venture capital funds, the contribution ratio from governments at all levels can be increased to 70%, the management fee withdrawal ratio can be raised to 3% per year, and the fund’s duration can be appropriately extended. (Financial Associated Press)

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