National Development and Reform Commission: Venture Investment Funds Must Focus on New-Type Production Capacity to Address Key Bottleneck Issues

　　Granton Daily July 30th | The Draft Guideline for Government Investment Fund Layout Planning and Orientation (Public Consultation Version) proposes that government investment funds should focus on increasing high-end capacity supply, focusing on industrial technology innovation and key core technology breakthroughs to drive the accelerated achievement of high-level technological self-reliance. Among them, industry investment funds should play a leading role in industrial development, surrounding the refinement of modern industrial systems, supporting the upgrading of traditional industries, cultivating emerging industries and building future industries; venture capital funds should focus on developing new-type production capacity, investing in seed and early-stage enterprises through market-oriented means, taking into account early- to mid-period small and micro-sized enterprises, supporting technological innovation and addressing key bottleneck issues.