The General Office of the State Council issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Among them, it was mentioned that government investment funds should focus on major strategies, key areas, and weak links where the market cannot fully function, attract and drive more social capital, support the construction of a modern industrial system, and accelerate the cultivation and development of new types of productivity. According to the direction of investment, government investment funds are mainly divided into industrial investment funds and venture capital funds. Optimize the functions of industrial investment funds. Industrial investment funds should play a leading and driving role in industrial development, focusing on improving the modern industrial system, supporting the transformation and upgrading of traditional industries, cultivating and expanding emerging industries, laying out and building future industries, focusing on investing in key links in the industrial chain and projects to extend the chain and strengthen the chain, promote the improvement of the level of resilience and safety of the industrial chain supply chain, and build an internationally competitive industrial cluster. Encourage the development of venture capital funds. Venture capital funds should focus on developing new types of productivity, supporting scientific and technological innovation, and investing in early, small, long-term, and hard technology, promoting the acceleration of self-reliance and self-improvement in high levels of technology, enhancing independent innovation capabilities and key core technology research capabilities, and solving the “stuck neck” problem in key key areas. Develop and expand long-term capital and patient capital. Reasonably determine the life span of government investment funds, give full play to the fund's cross-cycle and countercyclical adjustment role as long-term capital and patient capital, and actively guide long-term capital investment such as national social security funds and insurance funds. In fields that require a long-term layout, continuous investment methods can be adopted to ensure investment continuity.

The General Office of the State Council issued the “Guiding Opinions on Promoting High-Quality Development of Government Investment Funds”. Among them, it was mentioned that government investment funds should focus on major strategies, key areas, and weak links where the market cannot fully function, attract and drive more social capital, support the construction of a modern industrial system, and accelerate the cultivation and development of new types of productivity. According to the direction of investment, government investment funds are mainly divided into industrial investment funds and venture capital funds. Optimize the functions of industrial investment funds. Industrial investment funds should play a leading and driving role in industrial development, focusing on improving the modern industrial system, supporting the transformation and upgrading of traditional industries, cultivating and expanding emerging industries, laying out and building future industries, focusing on investing in key links in the industrial chain and projects to extend the chain and strengthen the chain, promote the improvement of the level of resilience and safety of the industrial chain supply chain, and build an internationally competitive industrial cluster. Encourage the development of venture capital funds. Venture capital funds should focus on developing new types of productivity, supporting scientific and technological innovation, and investing in early, small, long-term, and hard technology, promoting the acceleration of self-reliance and self-improvement in high levels of technology, enhancing independent innovation capabilities and key core technology research capabilities, and solving the “stuck neck” problem in key key areas. Develop and expand long-term capital and patient capital. Reasonably determine the life span of government investment funds, give full play to the fund's cross-cycle and countercyclical adjustment role as long-term capital and patient capital, and actively guide long-term capital investment such as national social security funds and insurance funds. In fields that require a long-term layout, continuous investment methods can be adopted to ensure investment continuity.