人民财评: 让“耐心资本”更好服务发展大局
Ren Min Wang·2026-01-14 06:38

Core Viewpoint - The recent introduction of the "Work Method" by the National Development and Reform Commission and other departments aims to systematically regulate the layout and investment direction of government investment funds, focusing on major strategies and key areas where the market cannot effectively operate [1][2]. Group 1: Government Investment Fund's Role - Government investment funds are crucial for addressing investment challenges in strategic areas, particularly in key core technology breakthroughs and the construction of a modern industrial system [2]. - The funds should focus on supporting major cross-regional projects and private investment projects with strong demonstration effects, ensuring they address industrial development shortcomings and bottlenecks [2]. Group 2: Investment Strategy and Focus - The government investment funds should not adopt a "flood irrigation" approach but rather act as precise "timely rain," ensuring funds are used effectively and in alignment with policy goals [3]. - A full-chain management system has been established, including planning, investment direction, and evaluation, to prevent funds from deviating from policy guidance [3]. Group 3: Collaboration and Efficiency - The policy emphasizes central-local collaboration, ensuring that national and local funds complement each other, avoiding homogeneous competition and resource waste [3]. - The government investment funds are expected to play a key role in fostering new productive forces and optimizing economic structure during a critical phase of development [3].