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In Depth: Venture Capital in China Flounders as State Takes Over (Part 2)

By Yue Yue
2025年01月23日 20:03
State Council steps in to address complaints of VC firms who manage the money of government guidance funds, including plans to change an outdated evaluation system that’s distorting investment
Many in the industry believe that while GGFs have led to distortions in VC investments, such funds are here to stay. Photo: AI generated

Editor’s note: Venture capital in China is in crisis as government guidance funds overwhelm the industry’s traditional modus operandi. In the second of our two-part series, we look at how the government is trying to tackle the problem. For Part 1, which examines how state-run funds have disrupted the country’s investment landscape, click here.

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