China’s government is reining in its investment arms with unprecedented precision. The December 12 release of ‘Working Measures for Government Investment Funds’ by top ministries—including NDRC, Finance, Science & Tech, and Industry & IT—establishes the first systematic rules for fund layouts and directions.
A top NDRC voice described it as a pioneering effort covering ‘where, how, and who’ invests. The 14 clauses prioritize national strategies, strategic industries, and areas of market inefficiency.
Fund optimization pushes for innovation synergies, emerging industry development, and strict adherence to patient, tech-centric capital deployment—early, modest, enduring investments.
Directions are locked to approved national plans and catalogs, with zero tolerance for restricted sectors. National funds adopt a macro view, spearheading modern industry builds, tech breakthroughs, and weakness eradication, while breaking barriers and building innovation resilience.
Local implementations tailor to regional contexts, mandating national market harmony. Priorities include industrial evolution, innovation amplification, private SME and tech support, social capital attraction, and robust PPP frameworks.
This policy overhaul underscores Beijing’s strategy for resource efficiency, positioning China to dominate high-tech frontiers and overcome developmental hurdles in a competitive world.