Venture capital guiding fund is a policy fund established by the government and operated in a market-oriented way, which mainly guides social funds to enter the field of venture capital by supporting the development of venture capital enterprises. Guide the fund itself not to directly engage in venture capital business.

principle of operation

The guiding fund shall operate in accordance with the principle of "government guidance, market operation, scientific decision-making and risk prevention", and the supporting objects are mainly various venture capital enterprises established in China according to the procedures stipulated in the Interim Measures for the Administration of Venture Capital Enterprises. In the process of supporting the establishment and development of venture capital enterprises, it is necessary to innovate the management mode and realize the effective combination of government policy intentions and the operation of supported venture capital enterprises according to market principles; It is necessary to explore the establishment of a scientific and reasonable decision-making and evaluation mechanism to effectively prevent risks and realize the sustainable development of the guiding fund itself; Guiding funds are not used in areas where the market has been fully competitive and do not compete with the market for profits.