Multiple regions are making efforts to lay out government guidance funds, focusing on industrial upgrading and cultivating new driving forces

On December 24th, according to incomplete statistics from reporters, many places such as Shanxi, Shandong, and Zhejiang have recently taken frequent actions in the field of government guided funds. The State Council executive meeting held on December 16th studied policy measures to promote the high-quality development of government investment funds, and pointed out the need to build a scientific and efficient management system, highlight government guidance and policy positioning, standardize the operation of government investment funds in accordance with market-oriented, rule of law, and professional principles, and better serve the overall development of the country. Tian Lihui, Dean of the Institute of Financial Development at Nankai University, stated in an interview that based on the situation this year, local governments have shown a characteristic of “increasing scale, focusing on various fields, and diversified collaboration” in guiding funds. With policy guidance, experience accumulation, and technological progress, future government guidance funds will pay more attention to details, including but not limited to improving internal governance structures, optimizing investment portfolios, and strengthening risk management. (Securities Daily)

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