Recently, Shandong issued the Implementation Opinions on Promoting the High-Quality Development of Government Investment Funds. According to the document, Shandong will accelerate the formation of a high-quality development framework for government investment funds characterized by appropriate scale, rational layout, standardized operations, scientific efficiency, and controllable risks. This initiative aims to bolster the province's role as a key economic growth engine in northern China and provide robust support for building a modern socialist powerhouse in the new era.
The Implementation Opinions document has clarified the functional positioning of funds, stipulating that government investment funds shall fundamentally serve the development of the real economy. They should focus on the implementation of major strategies, the development of key sectors, and areas of market failure while guiding and mobilizing more social capital to foster new quality productive forces, facilitate industrial transformation and upgrading, and achieve the organic alignment of policy objectives and economic benefits. Based on their support orientations and investment fields, these funds are primarily categorized into industrial investment funds and venture capital funds.