The Economic Daily article states that Government Investment Funds should become responsible long-term capital and patient capital. Government Investment Funds are an important source of mid- to long-term funding for private equity venture capital funds, public funds, etc. They need to provide long-term and stable financial support for investment projects and the Capital Markets, maintaining patience and determination, and stabilizing and increasing investment in key areas. At the same time, reforms should improve the fund evaluation, fault tolerance and exemption mechanisms, and establish a performance evaluation system, focusing on long-term investment rather than prioritizing short-term gains, creating a positive atmosphere that encourages innovation and tolerates failure. While Government Investment Funds are playing their role, they must also manage the relationship between the government and the market to prevent crowding out social capital. Fund allocation should be moderately concentrated, focusing on key and innovative industries that require government regulation. Promoting Government Investment Funds to follow a path of high-quality development will better leverage fiscal funds, actively guide social capital investment, and more effectively support the rapid cultivation of new industries, new models, and new driving forces, becoming a new engine for fostering Technology innovation and industrial development.
经济日报:规范运作政府投资基金
Economic Daily: Standardizing the operation of Government Investment Funds.
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