Ministry of Finance: The National Venture Capital Guidance Fund focuses on cutting-edge fields such as artificial intelligence, biopharmaceuticals, quantum technology, and 6G, and is expected to leverage trillions of yuan in social capital.

At the launch ceremony of the National Venture Capital Guidance Fund on December 26, a relevant official from the Ministry of Finance stated that the fund has the following new characteristics: First, it has greater fiscal support; second, its investment positioning is more precise, with the fund focusing on "early-stage, small-scale, long-term, and hard-tech" investments, targeting cutting-edge fields such as artificial intelligence, biopharmaceuticals, quantum technology, and 6G, with a lifespan of 15-20 years to match the long-term R&D needs of hard technologies; third, it has a good multiplier effect. The fund adopts a three-tiered structure of guidance fund, regional fund, and sub-fund. At the regional fund and sub-fund levels, it actively targets local governments, financial institutions, state-owned enterprises, and private enterprises, and is expected to leverage trillions of yuan in social capital through hundreds of billions of yuan in fiscal funds. (Source: Cailian Press)