[National Development and Reform Commission Official: First Time Systematically Regulating the Layout and Investment Direction of Government Investment Funds at the National Level] Today, the National Development and Reform Commission (NDRC) and three other departments jointly released the "Working Measures on Strengthening the Planning and Guidance of the Layout and Investment Direction of Government Investment Funds." An NDRC official stated that this is the first time a systematic regulation has been established at the national level regarding the layout and investment direction of government investment funds. Regarding optimizing fund layout, the measures require funds to support major strategies, key areas, and weak links where the market cannot effectively allocate resources, promote the deep integration of technological and industrial innovation, focus on cultivating emerging pillar industries, and adhere to the principles of early, small-scale, long-term, and hard-tech investment. The NDRC official also noted that in recent years, some government investment funds have encountered problems in their establishment and operation, such as mismatch with local resource endowments and industrial foundations, unclear fund positioning, and homogenized investment directions. In response to these issues, the "Working Measures" clearly define the functional positioning and investment priorities of national-level and local funds.
