《关于加强政府投资基金布局规划和投向指导的工作办法（试行）》和《政府投资基金投向评价管理办法（试行）》同日发布 多部门系统规范政府投资基金布局和投向

Core Viewpoint - The newly released "Work Method" by the National Development and Reform Commission and other ministries aims to systematically regulate the layout and investment direction of government investment funds, marking the first national-level effort in this regard [1]. Group 1: Investment Direction and Guidelines - Government investment funds are required to align with national productivity layout and macro-control requirements, focusing on encouraged industries while avoiding restricted and eliminated industries as per the "Industrial Structure Adjustment Guidance Catalog" [1]. - The emphasis is on preventing blind following and low-level repeated construction in encouraged industries through strengthened evaluation and demonstration [1]. - The distinction between government investment funds and purely market-oriented funds is clarified, highlighting that the former is not primarily profit-driven but aims to serve long-term national development strategies [1]. Group 2: Fund Classification and Stability - The "Work Method" outlines the functional positioning and key investment directions for national and local funds, with national funds focusing on cross-regional and key areas, while local funds should support local特色优势产业 and small and medium enterprises [2]. - A collaborative development approach is promoted to avoid redundant construction and optimize national productivity layout [2]. - The "Work Method" specifies prohibited investment behaviors to ensure stability, including avoiding hidden local government debt and engaging in high-risk derivative trading [2]. Group 3: Evaluation and Management - The "Management Method" establishes a multi-dimensional evaluation framework for government investment funds, assessing alignment with national strategic planning and market failure compensation [3]. - Evaluation results will be linked to budget arrangements, fund adjustments, and management team accountability, with measures for underperforming funds [3]. - The combination of the "Work Method" and "Management Method" creates a comprehensive management loop, indicating a new phase of "standardized development and quality improvement" for government investment funds [4].