North China's Shanxi province has approved the implementation of specific measures to promote the high-quality development of entrepreneurial investment.

Through 23 initiatives, the province aims to strengthen entrepreneurial investment and gradually become a new beacon for high-quality investment.

Diversifying entrepreneurial investment entities is a key focus. Leading enterprises, research institutions, and innovation platforms will be encouraged to participate in entrepreneurial investment. They can use their technology, funds, surplus funds from cross-sector research projects, or authorized fiscal funds through sole proprietorship or joint ventures.

Shanxi will prioritize the flow of long-term capital towards entrepreneurial investment. Insurance institutions will be urged to invest in the province's entrepreneurial investment funds following market principles. Qualified entrepreneurial investment entities will be encouraged to issue bonds and notes for science and technology companies, enhancing their ability to raise long-term stable funds.

Establishing a normalized investment and finance matching mechanism is highlighting government guidance in entrepreneurial investment. Technology and financial service institutions will connect entrepreneurial investment institutions with technology-based enterprises, specialized small and medium-sized enterprises, rural practical talent training projects, and enterprises and projects with significant employment and stable staffing practices.