Guangdong to Encourage Investment by State-Owned Venture Capital Firms With New Rules

Guangdong province has issued regulations to encourage state-owned venture capital (VC) firms to invest, part of China’s broader efforts to boost the industry.

The regulations, which are set to take effect on Oct. 1, call for provincial and city governments to establish and improve mechanisms to evaluate these firms’ performance and allow for certain risks, mistakes or failures in investment decisions without leading to significant negative consequences.