
Core Viewpoint - The National Development and Reform Commission emphasizes the need for venture capital funds to focus on developing new productive forces and addressing critical bottlenecks in key areas [1] Group 1: Government Investment Fund Guidelines - The proposed guidelines for government investment funds aim to enhance high-end production capacity and focus on industrial technological innovation and tackling core technology challenges [1] - Industrial investment funds are expected to play a leading role in industrial development, supporting the transformation of traditional industries, nurturing emerging industries, and establishing future industries [1] Group 2: Venture Capital Fund Focus - Venture capital funds are encouraged to invest in seed-stage and early-stage enterprises through market-oriented approaches, while also considering small and medium-sized enterprises in the early to mid-stages [1] - The objective is to support technological innovation and resolve critical bottleneck issues in key sectors [1]