Beijing City's 16 measures to support the development of future industries encourage government funds and state-owned enterprise funds to tolerate normal investment risks.

According to Beijing Daily, the "Several Measures to Establish a Mechanism for Increasing Investment in Future Industries and Promoting the Development of Future Industries in Beijing" was recently released. The Municipal Economic and Information Bureau disclosed that the city will promote the development of future industries through 16 measures, from research and development innovation, enterprise generation, business format cultivation to cluster scale development, supporting the development of new productive forces in Beijing according to local conditions. The report noted that in terms of the new investment and financing service system, the city encourages and supports the investment of municipal and district-level government investment funds, state-owned enterprise funds in future industries, tolerating normal investment risks. The new policy proposes to encourage and support the investment of municipal and district-level government investment funds, state-owned enterprise funds in future industries, following the rules of fund investment operation, tolerating normal investment risks, and not simply using individual projects or annual profitability as the basis for evaluation. The "Several Measures" also clearly stipulate the reform and optimization of the evaluation system for future industry investment and financing, promoting the establishment of an inclusive, prudent, diligent, and non-accountable innovation and entrepreneurship ecosystem.