China’s Ministry of Industry and Information Technology (MIIT) minister Li
Lecheng said in a People’s Daily article that Beijing will build mechanisms to
boost investment and share risk for “future industries,” citing long incubation
cycles and high market risk. He called for exploring funding approaches that
encourage innovation and tolerate failure, mobilizing government investment
funds and national industry–finance cooperation platforms and stepping up
financial support. The MIIT urged development of a tech-finance services system
and new financing tools to attract social capital into early-stage and patient
investments, prioritizing early, small-scale backing of hard‑tech. It also
reiterated acceleration of manufacturing talent programs, faster cultivation and
recruitment of cross-disciplinary and high‑skill personnel, and optimization of
university disciplines to strengthen industry‑tech innovation talent pools.
