The General Office of the State Council recently issued the "Guiding Opinions on Promoting the High-Quality Development of Government Investment Funds." It optimizes fund investment methods. Newly established government investment Funds can adopt a mother-child fund or direct investment project approach for investment, encouraging venture capital funds to adopt the mother-child fund model. Sub-funds should primarily invest through direct investment projects, controlling the fund hierarchy to prevent multi-layered nesting from impacting the achievement of policy objectives.