The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Promote fund integration and optimization. In principle, the same government does not repeatedly establish government investment funds in the same industry or field, but funds can collectively and continuously support the same projects in accordance with the principle of marketization. Where many similar funds have been established and investment fields clearly intersect, on the premise of protecting the legitimate rights and interests of business entities and maintaining market order, encourage and promote fund integration and restructuring, enhance scale effects, and better serve policy goals. For funds with unclear policy effects or slow fund-raising and investment progress due to lack of industrial base, resource endowments, etc., push them to actively improve efficiency by optimizing investment.

The General Office of the State Council recently issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Promote fund integration and optimization. In principle, the same government does not repeatedly establish government investment funds in the same industry or field, but funds can collectively and continuously support the same projects in accordance with the principle of marketization. Where many similar funds have been established and investment fields clearly intersect, on the premise of protecting the legitimate rights and interests of business entities and maintaining market order, encourage and promote fund integration and restructuring, enhance scale effects, and better serve policy goals. Promote funds with unclear policy effects or slow fund-raising and investment progress due to lack of industrial base, resource endowments, etc., to actively improve efficiency by optimizing investment.