In order to thoroughly study and implement Xi Jinping’s socialist ideology with Chinese characteristics in the new era and the Party’s spirit of the Nineteenth Congress, we will fully implement the “Thirteenth Five-Year Plan for National Economic and Social Development of the People's Republic of China” and the “Thirteenth Five-Year” National Strategy. The Emerging Industrial Development Plan will accelerate the building of an industrial system that integrates real economy, scientific and technological innovation, modern finance, and human resource development, nurtures and develops new kinetic energy, and strengthens the ability of finance to support the development of strategic emerging industries. Lin Nianxu, deputy director of the National Development and Reform Commission, and China The president of the Construction Bank, Wang Zuji, recently signed the "Memorandum of Understanding on Cooperatively Launching a Strategic Emerging Industry Development Fund".
The National Development and Reform Commission and China Construction Bank will establish a strategic cooperation mechanism to support the development and expansion of strategic emerging industries. They jointly initiate the establishment of a national-level strategic emerging industry development fund, and further attract social funds through the establishment of sub-funds, etc. The target size is about 300 billion yuan. The fund will specifically invest in new strategic industries such as new-generation information technology, high-end equipment, new materials, biotechnology, new energy vehicles, new energy, energy conservation and environmental protection, and digital creativity to support major projects in strategic emerging industries. Construction, highlighting leadership and pillars, give priority to nurturing and vigorously developing a group of strategic emerging industrial clusters, and build a new pillar of the industrial system.
