7月30日，据国家发改委网站消息，国家发改委向社会公开征求《政府投资基金布局规划和投向工作指引》(以下简称《工作指引》)和《加强政府投资基 金投向指导评价管理办法》(以下简称《管理办法》)意见。其中提出，政府投资基金要着力增加高端产能供给，聚焦产业技术创新和关键核心技术攻关， 推动加快实现高水平科技自立自强。 《工作指引》规定，政府投资基金要着力增加高端产能供给，聚焦产业技术创新和关键核心技术攻关，推动加快实现高水平科技自立自强。其中，产业投 资类基金要在产业发展方面发挥引领带动作用，围绕完善现代化产业体系，支持改造提升传统产业、培育壮大新兴产业、布局建设未来产业；创业投资类 基金要围绕发展新质生产力，通过市场化方式投资种子期、初创期企业，兼顾早中期中小微企业，支持科技创新，解决重点关键领域"卡脖子"难题。 《工作指引》明确，国家级基金要立足全局、抓大放小，重点支持国家层面现代化产业提质升级、关键核心技术攻关和跨区域重大项目建设，补齐产业发 展短板，突破产业基础瓶颈，聚焦少数关键领域发挥示范引领作用。鼓励国家级基金加强与地方基金联动，在前沿科技领域和产业链关键环节，结合地方 资源禀赋，通过联合设立子基金或对地 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is soliciting public opinions on the "Guidelines for the Layout Planning and Investment Direction of Government Investment Funds" and the "Management Measures for Strengthening the Guidance and Evaluation of Government Investment Fund Investment Direction," emphasizing the need for government investment funds to focus on enhancing high-end production capacity and promoting technological innovation and key core technology breakthroughs [1][3][4]. Group 1: Investment Guidelines - Government investment funds should avoid investing in industries with structural contradictions and prevent blind following in emerging industries, while supporting mergers and acquisitions and accelerating technological upgrades [1][5]. - The investment areas must align with national industrial adjustment guidance, foreign investment encouragement directories, and regional planning requirements, with a focus on key industries [3][4]. - The guidelines specify that funds should control the investment amount or proportion for individual enterprises and avoid increasing local government hidden debts through indirect means [4][5]. Group 2: Evaluation and Management - The "Management Measures" propose a comprehensive evaluation system that combines quantitative and qualitative indicators, focusing on policy alignment, investment layout optimization, and execution capability [7][8]. - The evaluation results will be communicated to provincial governments and relevant departments, with incentives for top-performing funds, including recognition and support for collaboration with local funds [8][9]. - For underperforming funds, the NDRC will enhance guidance and may implement corrective measures, including warnings and adjustments to fund management [9].

Core Viewpoint - The National Development and Reform Commission (NDRC) has proposed significant policies for government investment funds, focusing on enhancing high-end production capacity, promoting technological innovation, and achieving high-level self-reliance in technology [2][4]. Group 1: Government Investment Fund Guidelines - The proposed guidelines emphasize that government investment funds should avoid investing in industries with structural contradictions and prevent blind following in emerging industries [2][6]. - The guidelines require that investments align with national industrial policies and support the upgrading of traditional industries while fostering new industries [4][5]. - Government investment funds are encouraged to collaborate with local funds to leverage regional resources and enhance funding effectiveness [5]. Group 2: Evaluation and Management - The management measures outline a comprehensive evaluation system that combines quantitative and qualitative assessments of fund operations, focusing on policy alignment, investment optimization, and execution capability [3][7]. - The evaluation results will be communicated to provincial governments and relevant departments, with incentives for high-performing funds and corrective measures for underperforming ones [8].

Core Viewpoint - The establishment of government investment funds aims to implement the requirements for building a unified national market, not for the purpose of attracting investment, and encourages the reduction or cancellation of reinvestment ratios [4]. Group 1: Guidelines for Government Investment Funds - The guidelines emphasize that government investment funds should align with national macro-control requirements for productivity layout and avoid investing in industries with structural contradictions [4]. - The investment focus should prevent blind following in emerging industries and support mergers and acquisitions, accelerate technological updates, and promote industrial quality upgrades [4]. Group 2: Key Support Areas - The investment areas for government investment funds should comply with national industrial adjustment guidance and encourage foreign investment, focusing on industries that align with national development plans [5]. - National-level funds should support modernization, key technology breakthroughs, and major cross-regional projects, addressing industrial development shortcomings [5][6]. - Local funds should consider regional financial capacity and industry resources, focusing on local特色优势产业 and supporting small and micro enterprises [6]. Group 3: Investment Fund Management - Government investment funds are prohibited from increasing local government hidden debts through disguised methods and from engaging in public trading of stocks or derivatives [7]. - The evaluation of fund direction will be based on a combination of quantitative and qualitative indicators, focusing on policy alignment, layout optimization, and execution capability [7][8]. - Existing funds that do not meet the new guidelines will be encouraged to exit upon expiration, while ensuring the protection of legitimate rights and market order [8].

Core Viewpoint - The National Development and Reform Commission (NDRC) has released draft guidelines for government investment funds, emphasizing alignment with national economic strategies and avoiding blind investments in emerging industries [1][2]. Group 1: Investment Focus Areas - The guidelines specify four key areas for government investment funds: compliance with national industrial directories, support for modernization and technological innovation, regional resource optimization, and enhancement of high-end production capacity [2][3]. - National-level funds should focus on major projects and critical technology breakthroughs, while local funds should tailor investments to regional strengths and support small and innovative enterprises [2][3]. Group 2: Investment Restrictions - Government investment funds are prohibited from increasing local government hidden debts through indirect means and are restricted from engaging in public stock trading, derivatives, or providing guarantees for non-invested entities [3][4]. - The NDRC will establish a comprehensive evaluation system for fund performance, focusing on policy alignment, investment optimization, and execution capability [4]. Group 3: Evaluation Indicators - The evaluation indicators will assess compliance with policy directions, optimization of investment layouts, and the effectiveness of fund management [4]. - Existing funds that do not meet the new guidelines will be encouraged to exit upon expiration, while promoting consolidation and restructuring where appropriate [4].

Core Viewpoint - The meeting emphasizes the importance of international scientific and technological cooperation, aiming to enhance China's technological independence and modernization efforts through strategic diplomatic initiatives [1] Group 1: Key Tasks and Initiatives - The meeting calls for the implementation of tasks outlined in the national science and technology work conference, focusing on government and civil international scientific and technological exchanges [1] - It highlights the high-quality execution of the "Belt and Road" scientific innovation action plan as a priority [1] - The meeting stresses the need to deepen the construction of an international research environment and expand cultural and technological exchanges [1]

北京商报讯（记者 卢扬 程靓）7月30日，国家发展改革委就《政府投资基金布局规划和投向工作指引 （公开征求意见稿）》向社会公开征求意见。其中提出，政府投资基金要着力增加高端产能供给，聚焦 产业技术创新和关键核心技术攻关，推动加快实现高水平科技自立自强。其中，产业投资类基金要在产 业发展方面发挥引领带动作用，围绕完善现代化产业体系，支持改造提升传统产业、培育壮大新兴产 业、布局建设未来产业；创业投资类基金要围绕发展新质生产力，通过市场化方式投资种子期、初创期 企业，兼顾早中期中小微企业，支持科技创新，解决重点关键领域"卡脖子"难题。 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is soliciting public opinions on guidelines for government investment funds, focusing on enhancing support for key sectors and promoting technological innovation [1][3]. Group 1: Government Investment Fund Guidelines - The guidelines aim to increase high-end production capacity and focus on industrial technological innovation and addressing critical core technology challenges [3]. - Industry investment funds are expected to play a leading role in industrial development, supporting the transformation of traditional industries, nurturing emerging industries, and establishing future industries [3]. - Venture capital funds will target the development of new productive forces, investing in seed and early-stage enterprises while also supporting small and medium-sized enterprises in their early to mid-stages [3].

Core Viewpoint - The National Development and Reform Commission (NDRC) is soliciting public opinions on the "Guidelines for the Layout Planning and Investment Direction of Government Investment Funds" and the "Management Measures for Strengthening the Guidance and Evaluation of Government Investment Fund Directions" [1] Group 1: Government Investment Fund Objectives - The guidelines aim to promote government investment funds to support key areas, focusing on increasing high-end production capacity and driving technological innovation and breakthroughs in critical core technologies [1] - Industry investment funds are expected to play a leading role in industrial development, supporting the transformation and upgrading of traditional industries, nurturing emerging industries, and planning for future industries [1] - Venture capital funds are directed to develop new productive forces by investing in seed-stage and early-stage enterprises through market-oriented methods, while also supporting small and medium-sized enterprises in their early to mid-stages [1]

Core Viewpoint - The National Development and Reform Commission emphasizes the need for venture capital funds to focus on developing new productive forces and addressing critical bottlenecks in key areas [1] Group 1: Government Investment Fund Guidelines - The proposed guidelines for government investment funds aim to enhance high-end production capacity and focus on industrial technological innovation and tackling core technology challenges [1] - Industrial investment funds are expected to play a leading role in industrial development, supporting the transformation of traditional industries, nurturing emerging industries, and establishing future industries [1] Group 2: Venture Capital Fund Focus - Venture capital funds are encouraged to invest in seed-stage and early-stage enterprises through market-oriented approaches, while also considering small and medium-sized enterprises in the early to mid-stages [1] - The objective is to support technological innovation and resolve critical bottleneck issues in key sectors [1]