Ministry of Finance: The National Venture Capital Guiding Fund is expected to leverage trillions of social capital.

On December 26th, at the launching ceremony of the National Entrepreneurship Investment Guidance Fund, the person in charge of the Ministry of Finance stated that the fund has the following new characteristics: first, greater financial strength; second, more precise investment positioning, with a clear orientation of "investing early, investing small, investing long-term, and investing in hard technology", focusing on artificial intelligence, biopharmaceuticals, quantum technology, 6G, and other cutting-edge fields, matching the long-term R&D needs of hard technology with a duration of 15-20 years; third, the fund has a good leverage effect. The fund adopts a three-tier structure of guidance fund, regional fund, and sub-fund. At the regional fund and sub-fund levels, it actively targets local governments, financial institutions, state-owned enterprises, private enterprises, etc., leveraging trillions of social capital with hundreds of billions of fiscal funds.