It mainly supports the establishment and early development of some small and micro enterprises that meet the national macroeconomic development policies (high-tech, skill and environmental protection, consumption upgrading, etc.). ). The government venture capital guidance fund does not rely entirely on its own funds for investment, but mostly only plays a guiding role (leverage effect after investment).

The direct benefits are probably to improve the employment environment, increase taxes and realize industrial upgrading. If it is done well, it can also benefit from the future development of investment projects.

But in fact, the government venture capital funds have not done well, and most of them seem to be losing money at present. The main reasons are too much intervention in investment decision-making, opaque decision-making process and limited level of employees.

Our company currently manages venture capital funds of two local governments, which is not bad to tell the truth, but there is still a significant gap compared with the return rate of venture capital funds established by our company.