Public welfare venture capital service is not a service purchased by the government. Public venture capital is also called charitable venture capital. The clients of public venture capital are usually donors and investors, including governments, foundations, venture capital and private equity firms, angel investors and other enterprises. Investment targets are social organizations, not limited to social organizations. The government usually acts as the entrusting party and the social organization as the entrusted party, and the principal-agent relationship between them is based on the contract.

Legal objectivity:

Article 161 of the Civil Code of People's Republic of China (PRC) * * * A civil subject may carry out civil juristic acts through an agent. In accordance with the provisions of the law, the agreement of the parties or the nature of civil legal acts, civil legal acts that should be implemented by themselves shall not be represented. Article 162 of the General Principles of Civil Law of People's Republic of China (PRC) * * * A civil juristic act carried out by an agent in the name of the principal within the scope of agency authority is effective for the principal.