Core Viewpoint - The government investment fund is a crucial tool for driving social capital and supporting the construction of a modern industrial system, as highlighted in the 2025 guidelines issued by the State Council [1][9]. Group 1: Government Investment Fund Role - The government investment fund serves as an important policy tool to support local industrial transformation and the development of the real economy, shifting from "large investments" to "leveraging investments" [1][10]. - The Wenzhou State-owned Financial Capital Management Company (referred to as "Guojin Company") is tasked with managing municipal government industry funds, including the key industry fund and the science and technology innovation fund, with a target scale of 30 billion yuan [1][3]. Group 2: Investment Strategies and Achievements - Guojin Company has established a multi-layered investment network focusing on local industrial transformation and ecological cultivation, with 117 projects funded by the science and technology innovation fund, amounting to 2.323 billion yuan [3][12]. - The company has successfully attracted external capital and quality projects to Wenzhou, facilitating significant investments in key sectors, such as a 10 million yuan investment in the Wenzhou Gene Drug Valley project, which subsequently attracted an additional 10 million yuan from social capital [3][12]. Group 3: Performance and Recognition - Since 2021, Guojin Company has been recognized in various industry rankings, including "Top 30 City-level Government Guidance Funds" and "Top 50 Best Government Guidance Funds," showcasing its influence and leadership in the capital market [4][13]. - The company has also facilitated the successful listing of 14 enterprises, including four local companies, contributing to the overall upgrade of related industrial chains [6][15]. Group 4: Collaborative Investment Framework - Guojin Company is building a collaborative investment framework that integrates "fiscal and financial" efforts, enhancing the system's effectiveness in supporting local industrial development through city-county collaboration and cross-regional cooperation [7][17]. - The establishment of a 3 billion yuan provincial "specialized, refined, distinctive, and innovative" mother fund has successfully attracted 2.1 billion yuan from internal and external sources, creating a new model for cross-regional fund cooperation [7][17]. Group 5: Risk Management and Operational Efficiency - To ensure the safe and efficient operation of government industry funds, Guojin Company is developing a comprehensive risk control mechanism, focusing on the selection of sub-fund management institutions and enhancing post-investment management practices [8][18]. - The company has been recognized as one of the "Top 50 Best Risk Control" entities for city and county-level government guidance funds for two consecutive years, reflecting its commitment to maintaining fund safety and operational standards [8][18].