The guiding fund custodian shall meet the following conditions: (1) It has the qualification of an independent legal person; (2) The management team has certain working experience and high policy level and management level; (3) Being in good financial condition for more than three years; (4) It has no bad record of being severely punished by the competent administrative organ or judicial organ; (5) Manage and guide the fund assets in strict accordance with the entrustment agreement.
The guiding fund shall set up an independent evaluation committee to independently evaluate the supporting scheme of the guiding fund, so as to ensure the democratic and scientific decision-making of the guiding fund. The members of the review committee are composed of representatives from relevant government departments, self-regulatory organizations of venture capital industry and social experts, with an odd number. Among them, representatives of self-regulatory organizations and social experts in venture capital industry shall not be less than half. The personnel of the project unit to be funded by the guiding fund shall not participate in the evaluation of the project to be funded as members of the evaluation Committee. According to the evaluation results of the evaluation committee, guide the Fund Committee to make decisions on the projects to be supported.
The guidance fund shall establish a project publicity system, accept the supervision of the society on the guidance fund, and ensure the openness of the operation of the guidance fund.