[Wuhan: Promote the high-quality development of the private equity investment industry and strive to achieve a total fund management scale of 300 billion yuan in 2028] On September 9, the Wuhan Municipal People's Government issued the "Notice on a Series of Measures to Promote the In-depth Integration of Scientific and Technological Innovation and Industrial Innovation." In terms of promoting the development of the private equity investment industry, by 2028, we will strive to have the number of registered funds in the city reach more than 1,500, with the scale of fund management growing by more than 20% annually, and the total scale reaching 300 billion yuan. All industrial departments are encouraged to inject special funds into state-owned enterprises through "allocation to investment" to carry out fund investment. The proportion of government investment in venture capital funds can be increased to more than 50%, and the duration can be extended to 15-20 years. Actively managed seed funds and angel funds are given a loss tolerance rate of 80% and 60%, and direct investment projects of seed funds and angel funds are allowed to suffer 100% losses.