Ten departments, including the Guangdong Local Financial Administration, the Provincial Science and Technology Department, and the Provincial Development and Reform Commission, jointly issued the “Guangdong Province's Work Plan to Promote the Construction of a Strong Financial Service Science and Technology Province”. The plan is proposed to explore the establishment of a relay system for science and technology innovation investment funds. Governments at all levels are encouraged to play the guiding function of government investment funds, as well as the investment role of various types of funds such as enterprise venture capital and financial asset investment companies, make good use of equity funds, securities funds, alternative asset funds, cross-border funds, etc., and guide the use of financial asset investment companies' pilot equity investment and long-term investment reform pilot, etc., broaden capital channels in multiple dimensions, explore and form fund matrices to relay support scientific and technological innovation and development, and guide social capital to invest early, small, and hard technology. Use VC and PE to support technology enterprises in the seed period, startup period, and growth period, promote securities investment funds to support technology enterprises in the expansion period and maturity stage to improve valuation and reduce financing costs, and explore the use of alternative asset funds such as REITs and intellectual property securitization funds in the field of new infrastructure to support technology enterprises in the growth period and maturity period to accelerate the R&D cycle.

Ten departments, including the Guangdong Local Financial Administration, the Provincial Science and Technology Department, and the Provincial Development and Reform Commission, jointly issued the “Guangdong Province's Work Plan to Promote the Construction of a Strong Financial Service Science and Technology Province”. The plan is proposed to explore the establishment of a relay system for science and technology innovation investment funds. Governments at all levels are encouraged to play the guiding function of government investment funds, as well as the investment role of various types of funds such as enterprise venture capital and financial asset investment companies, make good use of equity funds, securities funds, alternative asset funds, cross-border funds, etc., and guide the use of financial asset investment companies' pilot equity investment and long-term investment reform pilot, etc., broaden capital channels in multiple dimensions, explore and form fund matrices to relay support scientific and technological innovation and development, and guide social capital to invest early, small, and hard technology. Use VC and PE to support technology enterprises in the seed period, startup period, and growth period, promote securities investment funds to support technology enterprises in the expansion period and maturity stage to improve valuation and reduce financing costs, and explore the use of alternative asset funds such as REITs and intellectual property securitization funds in the field of new infrastructure to support technology enterprises in the growth period and maturity period to accelerate the R&D cycle.