On April 7, Shenzhen local financial supervision and administration took the opportunity of implementing the first list of items of the comprehensive reform pilot "optimizing the market access and development environment of private placement and venture capital enterprises" to issue and implement the "several measures on promoting the sustainable and high-quality development of venture capital and venture capital in Shenzhen" (hereinafter referred to as "several measures").
It is reported that the "several measures" mainly put forward 17 opinions and measures from six aspects, including development objectives, optimizing market access and governance mechanism, encouraging various market entities to develop in depth, promoting the linkage development of raising, investment, management and retreat, and improving the international legal business environment.
It is noteworthy that, in order to encourage the development of various market entities in Shenzhen, the "several measures" clearly pointed out that according to the actual investment amount of venture capital institutions in Shenzhen, the maximum single reward for venture capital institutions will be increased from 15 million yuan to 20 million yuan
The relevant person in charge of Shenzhen local financial supervision and Administration Bureau said that in the next step, the Municipal Local Financial Supervision and Administration Bureau will work with relevant units to promote the implementation of the "several measures" and supporting task list, further optimize the development environment of venture capital in the city, gather the world's top innovative capital element resources, enable the development of science and innovation enterprises in the city, and help Shenzhen build a global innovation capital formation center and an international science and technology innovation center.
issued a number of measures to encourage various market players to develop in Shenzhen
The "several measures" proposed to encourage the development of various market entities in Shenzhen, and defined the reward standards and reward measures for encouraging venture capital institutions to settle in Shenzhen, supporting the development of key venture capital institutions, guiding venture capital to invest in small and medium-sized technology early, and stimulating angel investment vitality, space and talents.
specifically, it mainly includes the following types of reward standards
First of all, the newly established venture capital enterprises will be given a single maximum reward of 20 million yuan. According to the cumulative investment of 400 million yuan (or equivalent foreign currency) in non listed enterprises in Shenzhen within three years from the date of establishment, the enterprises under their management will be given a reward of 5 million yuan, and the maximum amount of single reward will not exceed 20 million yuan.
Secondly, the newly established private securities investment fund management enterprises will be rewarded with a maximum of 5 million yuan. Private equity investment fund management enterprises with an actual management scale of 10 billion yuan (or equivalent foreign currency) will be rewarded with 3 million yuan; Private equity investment fund management enterprises with an actual management scale of 20 billion yuan (or equivalent foreign currency) will be rewarded with 5 million yuan.
Thirdly, the head organization will be rewarded with a maximum of 20 million yuan according to the withdrawal contribution. For equity investment, venture capital enterprises, equity investment and venture capital management enterprises with operating income (including investment income) of more than 200 million yuan and a year-on-year increase of more than 10%, or total profit of more than 200 million yuan in the previous full fiscal year, their management enterprises shall be rewarded according to 5% of the investment income generated when the project exited in the previous year, and the maximum amount of reward for each management enterprise shall not exceed 20 million yuan.
Finally, venture capital institutions that invest in early and small investment in science and technology will be rewarded with a maximum of 5 million yuan. For those who have invested in the city's scientific and technological innovation enterprises in the seed stage and start-up stage for more than 2 years, their management enterprises shall be rewarded according to 10% of the actual investment. The maximum reward for each enterprise invested shall be 1 million yuan, and the cumulative reward shall not exceed 5 million yuan.
in addition, it also pointed out that efforts should be made to cultivate the ecological environment of angel investment and optimize space guarantee and talent reward for eligible enterprises to purchase office space for their own use, a subsidy of 1.5% of the purchase price shall be given, and the maximum amount of subsidy shall not exceed 5 million yuan; Venture capital management enterprises and venture capital enterprises that meet the application conditions can apply for the innovative talent award according to the application guide of Shenzhen Industrial Development and innovative talent award in that year.
Shenzhen has the third largest private placement scale in China
Shenzhen has always attached great importance to the development of venture capital industry.
Since 2003, Shenzhen has taken the lead in legislating in the country by taking advantage of the legislative power of the special economic zone, issued the regulations on venture capital of the Shenzhen Special Economic Zone, successively issued special policies to promote the development of venture capital, overseas pilot of qualified domestic investors and foreign-invested equity investment enterprises in 2010, 2014 and 2017, and set up special financial funds to support the development of venture capital industry, It has successively established a national 100 billion level municipal government investment guidance fund, a 10 billion level Angel master fund, and China's second RMB investment and loan fund for "going to sea" investment, striving to create a good industrial business ecological environment, and a large number of venture capital enterprises with Chinese influence and fully representing Shenzhen local brands, such as Shenzhen Venture Capital, Dachen venture capital and Songhe capital.
By the end of 2021, there were 4308 private fund managers registered in Shenzhen, with 19800 managed funds, ranking second in China, with a managed fund scale of 2.27 trillion yuan, ranking third in China, second only to Beijing and Shanghai.
At present, Shenzhen, as a national scientific and technological innovation center and financial center, has initially formed a whole process innovation ecological chain of "basic research + technological breakthrough + achievement industrialization + scientific and technological Finance + talent support", and has built a scientific and technological financial ecological system of "Taking Enterprises as the main body, market orientation and deep integration of industry, University and research capital"
The relevant person in charge of Shenzhen local financial supervision and Administration said that in the future, it will continue to adhere to the concept of high-quality development, promote the deep integration of venture capital and scientific and technological innovation, leverage more social capital, and continue to increase investment in key areas such as Shenzhen's seven strategic emerging industries (20 industrial clusters) and eight future industries, Continuously improve the whole process innovation ecological chain of "basic research + technological breakthrough + industrialization of achievements + science and Technology Finance + talent support", promote the integration of higher-level scientific and technological innovation and capital elements, and gradually form a global innovation capital formation center.
