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The General Office of the National Development and Reform Commission published the circular on carrying out further effective work to support the development of venture capital enterprises
2014-June-5 Source: Newsgd.com
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The General Office of the National Development and Reform Commission ("NDRC") on May 15 released the Circular on Carrying out Further Effective Work to Support the Development of Venture Capital Enterprises (the "Circular"), requiring additional delegation, and to accelerate the examination of the application for issuing the expect debt for investing the venture capital enterprise. Besides, each provincial level administrative authorities shall establish and improve the guiding fund of venture capital, attracting the social fund to start a venture capital enterprise, which may develop the venture capital enterprise and adjust their organization. Further, the Circular encourages eligible "angel" investment agencies to register as venture capital enterprises, which may be entitled to related supporting policy.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: 张斯
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