The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Give full play to the role of fund managers. Rationalize the relationship between government investment funds and managers, and achieve organic unification of government guidance, market-based operation, and specialized management. In principle, fund managers are selected and determined in a market-based manner. They should have professional ability, investment ability and management ability appropriate to fund operation, have equity investment or related fund management experience, and have investment management performance that meets the requirements. Strictly control the establishment of new fund managers by county-level governments. The management fees for newly established government investment funds must be scientifically proven. Generally, actual contributions or actual investment amounts should be used as the billing basis, and calculation standards should be reasonably determined.

The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Give full play to the role of fund managers. Rationalize the relationship between government investment funds and managers, and achieve organic unification of government guidance, market-based operation, and specialized management. In principle, fund managers are selected and determined in a market-based manner. They should have professional ability, investment ability and management ability appropriate to fund operation, have equity investment or related fund management experience, and have investment management performance that meets the requirements. Strictly control the establishment of new fund managers by county-level governments. The management fees for newly established government investment funds must be scientifically proven. Generally, actual contributions or actual investment amounts should be used as the billing basis, and calculation standards should be reasonably determined.