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Beijing to establish government guide fund of 10 billion yuan
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17:12, September 21, 2009

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An official stated that Beijing will establish a government guide fund, which will raise 10 billion yuan. The government will also set up three industrial investment fund referring to science and technology, green and cultural innovation fields under the government guide fund.

He said that introduction of the policies to promote the development of foreign PE in Beijing would be released before October, and detailed rules would be announced after that.

The policies would reveal the city's welcoming attitude towards foreign PE, Wang said.

By People's Daily Online

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