Core Viewpoint - The article highlights the efficiency dilemma faced by government industrial funds, characterized by slow decision-making, reluctance to invest, and difficulty in achieving results, stemming from the conflict between rigid safety requirements and the inherent uncertainties of risk investment [2]. Group 1: Three Major Issues of Government Fund Management Efficiency - The contradiction between administrative decision-making processes and market-driven investment timing leads to lengthy approval processes, causing the loss of quality investment opportunities [3]. - The conflict between multiple goals, such as financial returns and industrial cultivation, results in a conservative investment approach due to inadequate incentive mechanisms for fund management teams [4]. - The ambiguity in responsibility definition and the lack of a fault-tolerant mechanism create a fear of accountability, discouraging support for high-risk, high-potential innovative projects [5]. Group 2: Systematic Solutions - Establishing a tiered authorization decision-making system can enhance decision-making efficiency by categorizing investment projects based on amount, risk level, and industry importance, allowing for quicker decisions on smaller projects [7]. - Developing a multi-dimensional performance evaluation framework that includes both economic benefits and contributions to the industrial ecosystem can help align goals and improve accountability [8]. - Designing a scientific fault-tolerant mechanism that allows for normal investment risks while ensuring compliance with established processes can encourage innovation and reduce the fear of accountability among fund managers [9][11]. - Strengthening dynamic management throughout the investment process with clear timelines and regular reviews can improve operational efficiency and ensure timely decision-making [12]. Group 3: Governance System Improvement - A governance system characterized by clear responsibilities, efficient decision-making, compatible incentives, and scientific fault tolerance is essential for government industrial funds to effectively leverage their role in promoting industrial transformation and cultivating new growth drivers [13].