Core Viewpoint - The article emphasizes the need to redefine the characteristics and economic attributes of the modern productive service industry during the "14th Five-Year Plan" period, establishing its priority strategic position in industrial policy support, which is essential for China's transition to high-quality development and for strengthening its governance over global industrial and value chains [1] Group 1: Global Industrial Technology Competition - The essence of global industrial technology competition has evolved beyond individual technological fields to a contest of overall effectiveness of industrial ecosystems, with modern productive service industries forming the invisible infrastructure that underpins technological research, transformation, and commercialization [1][2] - Key areas of competition include hard technologies such as chips, AI, and quantum computing, while the development of productive service industries like industrial design software and technology finance is crucial for future industrial competitiveness [1][2] Group 2: Strategic Development of Productive Service Industry - The modern productive service industry should be positioned as a new "driving industry" to create asymmetric advantages for China in global competition, focusing on leveraging short-term breakthroughs in hardware through accelerated development of productive services [2] - Enhancing industrial software development and fostering technology transfer institutions can unlock significant potential from dormant patents in universities and research institutes [2] Group 3: Policy Recommendations for Productive Service Industry - There is a need to reassess the nature and function of the modern productive service industry at the national strategy and policy level, addressing misconceptions that hinder its development [3] - Market-oriented reforms should be implemented to eliminate administrative monopolies and resource misallocation, allowing for the professionalization and marketization of the productive service industry [4] - A dual-platform ecosystem combining "service trade + manufacturing capability" should be established to enhance the international competitiveness of manufacturing through productive services [5] Group 4: Investment and Statistical Framework - The focus of industrial policy should shift from supporting backend manufacturing capacity expansion to prioritizing the development of productive service industries led by technological innovation [6] - A new statistical monitoring system is needed to accurately assess the contribution of the productive service industry to economic growth, including the establishment of a satellite account system for productive services [6]

Core Insights - The establishment of the Ningbo Tonggao Gongrong Private Equity Investment Fund marks a significant development in the financial landscape of Ningbo, with a registered scale of 2 billion yuan, making it the largest single AIC equity investment fund in the city [1] - The fund aims to focus on eight key industrial sectors, including digital industry, artificial intelligence, new energy vehicles, high-end equipment manufacturing, biomedicine, new materials, fine chemicals, and modern productive services [1][2] - The Industrial and Commercial Bank of China (ICBC) has cumulatively registered AIC equity investment funds totaling 5 billion yuan in Ningbo, positioning itself as the leading commercial bank in the city [1] Investment Strategy - The Ningbo Tonggao Gongrong Private Equity Investment Fund is a collaborative effort involving ICBC Financial Asset Investment Co., Ningbo Tongshang Holding Group Co., and Ningbo High-tech Venture Capital Co., focusing on precision investment and nurturing to attract quality resources for regional industrial upgrades [1][2] - Following the expansion of the financial asset investment company's equity investment pilot program, ICBC Ningbo Branch has successfully launched its first equity investment project under the Ningbo Gongrong New Momentum Fund, indicating a proactive approach to leveraging policy opportunities [2] - The bank plans to continue utilizing its comprehensive advantages to support key industries in Ningbo, emphasizing the importance of "long-term capital," "patient capital," and "strategic capital" in fostering technological innovation [2]