CCTV News: The "Guiding Opinions on Promoting the High-Quality Development of Government Investment Funds" (hereinafter referred to as the "Guiding Opinions") was announced to the public on January 7. As an important document to promote the development of government investment funds issued at the national level for the first time, what are the specific contents of the "Guiding Opinions" and what is its significance? Let’s see the expert interpretation.
Government investment funds refer to investment funds that are established at all levels of governments through budget arrangements, individually contributed or jointly invested with social capital, and adopted market-oriented methods such as equity investment to guide various social capital to support the development of related industries and fields and innovation and entrepreneurship.
Hu Bo, associate professor at the School of Finance and Finance of Renmin University of China, said that government investment mainly includes three forms: the first form is that the government directly invests budget funds into the fund; the second form is that the government entrusts a state-owned enterprise to hold the government's investment on its behalf; the third form is that the government injects money into a state-owned enterprise in the form of capital increase, and then in the decision to increase capital increase, it is clear that this capital increase is specifically used to contribute to a certain fund.
Hu Bo said that government investment funds are actually playing the role of the government, and giving full play to the combination of fiscal funds and financial tools to use the development of government funds to leverage, lead and attract social capital to support innovation and support the development of new quality productivity.
