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New Guidelines seek to boost China venture capital

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The State Council of the People’s Republic of China has published new guidelines for government agencies in an attempt to both boost the country’s venture capital (VC) sector and protect against investment bubbles and illegal fundraising.
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The new guidelines are aimed at helping more state-owned enterprises (SOEs), insurance companies and universities to launch their own VC funds. The guidelines may also allow local government financing vehicles to do the same.

Through these new guidelines, the Chinese government appears to be trying to bolster the use of Chinese yuan (CNY) in cross-border venture capital activity by domestic and foreign investors. The bulk of such activity is likely to be by Chinese enterprises seeking to invest overseas.




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