The Shaanxi Provincial Development and Reform Commission recently held a symposium on how equity investment funds can support strategic emerging industries. Wen Zhigang, deputy director and Party member of the commission, presided over the meeting and delivered a speech.
Representatives from state-owned fund management institutions, market-oriented venture capital firms, and the Shaanxi Venture Capital Association participated. Based on their operational experience, attendees shared views and suggestions on topics including the circulation of technology, industry, and finance, cultivation of new quality productive forces, investment layouts in emerging industries, tiered project management, and the guidance and evaluation of government investment funds.
Wen Zhigang noted at the meeting that in recent years, institutional safeguards for equity and venture capital investment in Shaanxi have been continuously strengthened, industry scale has steadily expanded, and fund efficiency and the ecosystem have been optimized. He urged all parties to focus on key directions, strengthen multi-level resource coordination, secure large-scale project reserves and attraction, accelerate the issuance of a list of priority areas for government investment funds, and deepen the evaluation mechanism for fund investment directions.
The meeting also called for optimizing decision-making and approval processes, broadening financing and exit channels for funds, and enabling equity investment funds—particularly government funds—to better serve as patient, strategic, and innovative capital, thereby injecting sustained momentum into the high-quality development of strategic emerging industries in the province. Fund management institutions were encouraged to strengthen cooperation with “Northern Shaanxi capital” and actively invest in strategic emerging industries such as semiconductors and integrated circuits, aerospace, artificial intelligence, advanced materials, and biomedicine, as well as future industries like photonics and quantum, embodied intelligence, 6G network equipment, hydrogen energy, and controlled nuclear fusion.
Officials from the commission’s finance, investment, high-tech, industry, and project offices also attended the meeting.