Zhejiang Province: Plans to continue promoting the pilot of equity investments in financial asset management companies.
The Zhejiang Province has solicited public opinions on "Several Measures on Empowering Innovation in Zhejiang's Construction of New Quality Productivity through Science and Technology Finance". It mentions expanding the sources of entrepreneurship investment funds. It will continue to promote the pilot of equity investment by financial asset investment companies, and promote the formation of pilot funds and the increase of project coverage, further expanding the investment in technology enterprises. By 2027, it aims to achieve a total fund size of 40 billion yuan. Strengthening the cooperation between the provincial, city, and county levels, actively seeking the establishment of entrepreneurship investment funds or participating in funds in Zhejiang Province by the National Entrepreneurship Investment Guidance Fund, the National Social Security Fund, insurance funds, financial asset management companies, enterprise venture capital, bank wealth management subsidiaries, and trust companies, etc.
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