利好来了！万亿级“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 issued a significant document to guide the planning and investment direction of government investment funds, marking the first systematic regulation at the national level for these funds [1][2]. Group 1: Investment Direction and Areas - The government investment funds will focus on supporting the development of new productive forces, with key areas including 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 [1][5][7]. - 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 [1][5][7]. Group 2: Policy Measures and Guidelines - The document outlines 14 policy measures focusing on three main aspects: where to invest, how to invest, and who manages the funds [5][6]. - It emphasizes the need for funds to support major strategies and key areas, particularly in sectors where market resources are inadequately allocated, promoting deep integration of technological and industrial innovation [5][6]. 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) [6][7]. - The policy compliance indicator assesses the fund's role in supporting new productive forces, technological innovation, and green development, among other areas [7][8]. Group 4: Regional Focus and Local Fund Management - Local funds are required to align their investment directions with local industrial foundations and development realities, focusing on industrial upgrades and enhancing innovation capabilities [6][8]. - The document also mandates that local funds support small and micro enterprises and technology-based startups, guiding social capital to participate effectively [6][8].