Guangdong: Improve relevant policies and measures related to state-owned funds' investment, assessment, tolerance, and exit.

The General Office of the People's Government of Guangdong Province recently issued the "Action Plan for Further Promoting High-quality Development of Entrepreneurial Investment in Guangdong Province", proposing to implement and improve the management system of state-owned entrepreneurial investment, improve policies and measures related to state-owned capital contribution, assessment, tolerance, and exit. In accordance with the requirements for evaluating state-owned enterprises' performance of strategic missions, it is necessary to improve the management system of state-owned entrepreneurial investment that complies with the characteristics and development laws of the entrepreneurial investment industry, explore assessment throughout the entire fund's lifecycle, and establish sound mechanisms for exempting and incentivizing compliance responsibilities.