Sichuan, Shandong ease rules for government investment funds

TREE NEWS update: Sichuan and Shandong provinces have unveiled new policies to loosen restrictions on government investment funds. Sichuan’s 20 measures remove return-to-local investment ratios and registration requirements for venture capital funds, allow up to 100% losses on single projects, and extend fund durations to 20 years. Shandong’s 16 measures grant exemptions for managers who act diligently but miss expected returns, avoiding single-project or single-year performance assessments.