Shandong: Guide government investment funds to be patient capital.

In recent days, Shandong Province issued the "Shandong Provincial Government Investment Fund Layout Plan and Investment Guidance Measures". The "measures" emphasize that government investment funds should take the lead in being patient capital, focusing on "early investment, small investment, long-term investment, and investment in hard technology", and promoting more startups to accelerate their growth into technology-based companies. The investment direction of government investment funds revolves around the in-depth implementation of the "Ten Major Projects" in Shandong, continuously enhancing the "Ten New Advantages", focusing on four trillion-level emerging pillar industries such as high-end equipment, information technology services, new energy, and new materials, and four hundred billion-level emerging potential industries such as artificial intelligence, biomedicine, new energy vehicles, aerospace, and low-altitude economy. Taking into account the local financial resources, industrial resource base, debt risks, etc., investment areas are chosen according to local conditions.