Eleven Ministries and Commissions including the National Development and Reform Commission and the China Securities Regulatory Commission, Held a Symposium on Promoting the Development of Venture Capital Investment in Beijing Fund Town
June 12, 2019

 On March 28, the National Development and Reform Commission, together with another ten ministries and commissions, held a symposium on promoting the development of venture capital investment in Beijing Fund Town to study how to implement document No.53 of the State Council and further promote the development of venture capital investment under the background of promoting high-quality economic development in the new era.

Several Opinions of the State Council on Promoting the Sustainable and Healthy Development of Venture Capital Investment (Guo Fa [2016] No. 53) is the first systematic and targeted document to promote the sustainable and healthy development of venture capital investment industry in China, which is a milestone of the construction history of venture capital investment system in China. The document clarifies the new requirements for comprehensively promoting the construction of venture capital investment system from ten aspects, which is called “national ten venture capital investment principles” in the industry.

Representatives from the Ministry of Science and Technology, the Ministry of Human Resources and Social Security, the Ministry of Agriculture and Rural Affairs, the People's Bank of China, the State Taxation Administration, the State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, the National Intellectual Property Administration, State Foreign Exchange Administration, and Finance Division of National Development and Reform Commission have all made statements.

 

 

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