Government guidance funds support venture capital funds in the form of equity participation, financing guarantee and follow-up investment.

One is equity participation, that is, the government guides the fund to attract social capital, and mainly initiates the establishment of venture capital enterprises through equity participation.

The second is financing guarantee, that is, the government guides funds to provide financing guarantee for venture capital funds with good historical credit records according to the credit report provided by credit reporting agencies, and supports them to enhance their investment ability through debt financing.

Third, follow-up investment refers to government-guided funds with strong industrial orientation or regional orientation, which support the development of venture capital funds and guide their investment direction through follow-up investment.