政府投资基金“怎么投” 国家首次作出系统规范

Core Viewpoint - The newly released guidelines by the National Development and Reform Commission (NDRC) establish a systematic framework for the planning and direction of government investment funds, focusing on strategic sectors and innovation [1] Group 1: Investment Direction - The guidelines emphasize that government investment funds should support major strategies, key sectors, and areas where market resource allocation is weak, promoting deep integration of technological and industrial innovation [1] - Funds are required to align with national major plans and encourage industries listed in the national industrial catalog, while avoiding investments in restricted, eliminated, or prohibited sectors [1] Group 2: Fund Management and Focus - National-level funds are directed to support the construction of a modern industrial system and tackle key core technology challenges, aiming to address industrial shortcomings and overcome development bottlenecks [1] - Local funds are encouraged to choose investment directions based on local industrial foundations and development realities, focusing on industrial upgrades, enhancing innovation capabilities, and incubating small and micro private enterprises and technology-based companies [1] Group 3: Evaluation and Management - The NDRC has also developed a management approach for evaluating the investment direction of government funds, aimed at enhancing their role in serving national strategies, promoting industrial upgrades, and fostering innovation and entrepreneurship [1]