Fujian Province: Support the government in guiding funds to increase the cultivation of technology-based enterprises and create a government-guided fund matrix with a total scale of over 130 billion yuan.

The General Office of the People's Government of Fujian Province issued the "Several Measures to Further Promote the High-quality Development of Capital Markets Serving Technology-based Enterprises". It mentions supporting government-guided funds to increase the cultivation of technology-based enterprises. The formulation and implementation of assessment and evaluation measures and due diligence and exemption measures for government-guided funds, and the implementation of full-lifecycle assessment and evaluation of government-guided funds. Optimize the management of government-funded venture capital funds, improve the government-owned venture capital management system that conforms to the characteristics and development laws of the venture capital industry, and guide investments in early-stage, small-scale, long-term, and hard technology ventures. Promote the pilot project of "replacing allocations with investments" of special fiscal funds, and increase the efficiency of fiscal fund allocation through market-oriented means. The amplification ratio for the two provincial-level mother funds of provincial government investment funds and provincial industry funds is not less than 3 times, creating a government-guided fund matrix with a total scale of over 130 billion yuan.