Today, the National Development and Reform Commission held a special press conference to introduce the work of the National Venture Capital Guidance Fund. Relevant officials said that the National Venture Capital Guidance Fund, which was officially launched today, will play a leading and driving role of central capital, attract the participation of a wide range of parties, including local governments, central enterprises, financial institutions, and private capital, to form a trillion-dollar capital scale. The Guiding Fund focuses on seed stage, startup stage, and early to mid-term enterprises, and supports enterprises to focus on cutting-edge fields to carry out original and disruptive technical research. Guide the fund to set a 20-year life period, including a 10-year investment period and a 10-year exit period, and use patient capital to accompany the enterprise on a “long run”.

Today, the National Development and Reform Commission held a special press conference to introduce the work of the National Venture Capital Guidance Fund. Relevant officials said that the National Venture Capital Guidance Fund, which was officially launched today, will play a leading and driving role of central capital, attract the participation of a wide range of parties, including local governments, central enterprises, financial institutions, and private capital, to form a trillion-dollar capital scale. The Guiding Fund focuses on seed stage, startup stage, and early to mid-term enterprises, and supports enterprises to focus on cutting-edge fields to carry out original and disruptive technical research. Guide the fund to set a 20-year life period, including a 10-year investment period and a 10-year exit period, and use patient capital to accompany the enterprise on a “long run”.