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2025-07-29 10:00:27
[Zhejiang: Encourage government investment funds and state-owned enterprises to jointly establish private equity secondary market funds (S funds) with social capital in accordance with regulations, and actively undertake projects exited by seed funds, angel funds, etc. in the province] "Several Measures of Zhejiang Province on Empowering Innovation with Science and Technology Finance and Developing New Productivity in Accordance with Local Conditions in Zhejiang Province (Draft for Comments)" is open for public comments. It mentions broadening diversified fund exit channels. Encourage government investment funds and state-owned enterprises to jointly establish private equity secondary market funds (S funds) with social capital in accordance with regulations, and actively undertake projects exited by seed funds, angel funds, etc. in the province. Explore the establishment of provincial mergers and acquisitions funds, encourage local and social capital to establish mergers and acquisitions funds, and increase support for the field of scientific and technological innovation. Support technology-based enterprises that have made breakthroughs in key core technologies to make good use of the "green channel" mechanism for listing financing, mergers and acquisitions, and bond issuance to help venture capital exit effectively. Support qualified private equity venture capital fund managers to strive for physical distribution of shares of private equity venture capital funds, and distribute the listed company shares held to investors through non-trading transfers.
