利好来了，“国家队”投向明确，四部门联合发布

Core Viewpoint - The National Development and Reform Commission and three other departments have jointly issued guidelines to strengthen the planning and investment direction of government investment funds, marking the first systematic regulation at the national level regarding the layout and investment focus of these funds [3][6]. Group 1: Investment Focus and Areas - The guidelines emphasize that investment funds should support the development of new productive forces, focusing on emerging industries such as new generation information technology, new energy, new materials, high-end equipment, new energy vehicles, green environmental protection, civil aviation, and marine engineering equipment [6][9]. - Future industries highlighted include the metaverse, brain-computer interfaces, quantum information, humanoid robots, generative artificial intelligence, biomanufacturing, biological breeding, future displays, future networks, and new energy storage [9][10]. Group 2: Policy Measures and Implementation - The guidelines propose 14 policy measures focusing on three main aspects: where to invest, how to invest, and who manages the funds [6][7]. - It requires funds to support major strategies and key areas, addressing weak links in resource allocation, and promoting deep integration of technological and industrial innovation [6][7]. - Local funds are instructed to align their investment directions with local industrial foundations and development realities, supporting industrial upgrades and the incubation of small and medium-sized enterprises [7][10]. Group 3: Evaluation and Management - The newly established evaluation management method includes three primary indicators: policy compliance (60% weight), optimization of productive force layout (30% weight), and policy execution capability (10% weight) [9][12]. - The policy compliance indicator assesses the fund's role in supporting new productive forces, technological innovation, and green development, among other areas [9][12]. - The optimization of productive force layout indicator evaluates the fund's alignment with national regional strategies and effective utilization of production capacity [12].