Ministry of Finance: Guiding funds will cultivate innovative ecosystems through differentiated risk control systems.

On December 26th, the National Entrepreneurship Investment Guidance Fund was officially launched. The National Development and Reform Commission held a special press conference. Guo Fangming, Director of the Department of Economic Development of the Ministry of Finance, said in response to questions from journalists that the National Entrepreneurship Investment Guidance Fund will leverage its own characteristics to develop in a complementary manner with the government guidance funds previously established, forming a joint force. First, it will focus on the front end of the innovation chain, relying on the positioning of early-stage innovation tracks, paying attention to the financing gap for companies in the original innovation stage, and focusing on the transformation of results or industrial empowerment in the growth period. Secondly, by building patience capital attributes, it will adhere to incentive mechanisms, reserve high-quality innovation projects for future stages, promote the cultivation of innovative results from the source towards industrial development, and coordinate with local funds to cooperate regionally. Through the linkage of sub-funds, the leverage effect of funds will be amplified. Thirdly, by cultivating an innovative ecosystem with a differentiated risk control system, it will guide social capital to establish long-term roots in the field of technological innovation, consolidate services for high-level technological self-reliance, and cultivate new quality productivity.