fishingnets|China to expand opening-up of venture capital investment

BEIJINGfishingnets, June 19 (Xinhua) -- China will expand the opening up of venture capital investment by revising regulations and boosting accessibility for foreign investorsfishingnets, according to a raft of measures unveiled by the State Council, as the country aims to develop patient capital.

The country will revise the regulations on the administration of foreign-invested venture capital investment enterprises to facilitate foreign investors in engaging in venture investment within the territory.

Support will be provided to international professional investment institutions and teams to establish renminbi funds within the territory, and leverage their investment experience and comprehensive service advantages.■