The Shanghai Development and Reform Commission and other departments issued “Certain Measures for Shanghai to Make Full Use of Direct Financing Functions to Further Strengthen Technology Finance Services”, which proposes deepening pilot projects for qualified overseas limited partners, giving full play to the local resource advantages of state-owned fund managers, and promoting the “foreign internal management” model to attract high-quality capital from abroad. Explore the introduction of offshore RMB funds from abroad to support domestic scientific and technological innovation. For foreign investment management agencies with mature operation and good reputation, promote the optimization of the establishment of approval processes, improve the facilitation of exchange of foreign exchange funds, and strengthen operational guidance on tax compliance.

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