Anhui: The tolerance rate of investment losses in provincial-level angel mother funds can be as high as 80%, and assessment criteria will no longer be based on the profit or loss of a single fund or project.

On January 14, the official website of the People's Government of Anhui Province announced that the Anhui Provincial People's Government recently issued the "Several Measures to Support the Upgrading and Entrepreneurship of Anhui Action." It mentions the development of patient capital. Accelerate the operation of the angel fund pool in Anhui Province to guide emerging industries, and promote the connection between the angel fund pool and new research and development institutions, technology incubators, etc., to support innovation and entrepreneurship of small and micro scientific and technological enterprises. Reform and improve the due diligence immunity mechanism of state-owned funds for "early investment, small investment, long-term investment, and hard technology investment." The tolerance rate for investment losses of provincial-level angel parent funds can reach up to 80%, and no longer use the profit or loss of a single fund or project as the basis for assessment. Encourage "chain-leading" enterprises in the industrial chain and supply chain to focus on their main responsibilities and main businesses and establish venture capital funds. Promote strategic cooperation between financial asset investment companies and state-owned capital to jointly establish AIC entrepreneurship investment funds.