Wednesday, January 27, 2016

A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Venture Capital Losses

From Zero Hedge:

Even the staunchest cynics will be stunned by the latest development out of the Shanghai government where starting next month, venture capital firms which invested in high-tech startups since the beginning of 2015 can apply for government compensation if their investment loses money.

http://www.zerohedge.com/news/2016-01-27/whole-new-level-moral-hazard-china-will-use-public-funds-cover-any-venture-capital-f

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