Foreign private equity funds have a history of more than 30 years, which is the mainstream financing method after bank loans and IPO. Comparatively speaking, China's private equity funds started late and developed rapidly in recent years with the arrival of the era of entrepreneurial innovation. This has also attracted the attention of the state. In view of its important role in promoting the development of small and medium-sized enterprises and startup companies, many preferential policies have been introduced at the national and local levels to promote their better development. Investment still needs to go to some formal platforms, such as Tencent Zhongchuang Space.

At the national level, in 2009 and 20 10, State Taxation Administration of The People's Republic of China and the Ministry of Finance respectively issued the Notice on Preferential Income Tax for Venture Capital Enterprises (Guo Shui Fa [2009] No.87) and the Notice on Exempting State-owned Venture Capital Institutions and State-owned Venture Capital Guidance Funds from the Obligation of State-owned Equity Transfer (Cai Qi [2065438+00] No.278). The two notices stipulate that venture capital enterprises that meet certain conditions can deduct the taxable income of venture capital enterprises according to 70% of their investment in small and medium-sized high-tech enterprises; Eligible state-owned venture capital enterprises can apply for exemption from the obligation to transfer part of the state-owned shares of joint stock limited companies to the social security fund by investing in the state-owned shares formed by the initial public offering of unlisted small and medium-sized enterprises.