Establishing a mechanism for future industrial investment growth (new knowledge)

2024-10-25

[Phenomenon] Shanghai has issued an action plan to promote innovation in gene therapy technology and industrial development. Currently, Zhangjiang Cell and Gene Industry Park has gathered hundreds of enterprises related to the industry chain; Guangxi has introduced a medium - and long-term plan for the development of the hydrogen energy industry, actively building an industrial chain and seizing new opportunities for hydrogen energy development... In recent years, various regions have combined their competitive advantages and technological development trends to formulate future industrial development plans and continuously explore new economic growth points. 【 Commentary 】 Future industries are driven by cutting-edge technologies and are in the stage of incubation or early industrialization, with significant strategic, leading, and disruptive forward-looking industries. Throughout the history of global industrial development, a series of future industries have emerged in every industrial revolution process. Whoever can better grasp the direction of technological development, continuously stimulate new industries, models, and driving forces with cutting-edge technology, can seize the high ground of development and take the initiative in development. The Decision of the Third Plenum of the 20th Central Committee of the Communist Party of China proposes to establish a mechanism for future industrial investment growth. Strengthening the institutional supply of new fields and tracks will provide stronger institutional protection for the high-quality development of future industries. The future industry has high growth potential, which is related to the overall development and is an industrial highland that major countries must strive for. China has a solid foundation for developing future industries and occupies a favorable position in new fields such as quantum information and life sciences. In recent years, multiple regions have introduced a series of policies and measures to support the development of future industries, focusing on building a number of leading pillar industries that will lead the future. These include Beijing's "weaving" constellation communication system, Jiangsu's layout of quantum technology, Zhejiang's development of brain like intelligence, and Sichuan's expansion of computing infrastructure applications. It should also be noted that the current global technological innovation has entered an unprecedentedly intensive and active period, with major cutting-edge and disruptive technologies continuously emerging. China's future industrial development is facing a situation of "falling behind if we don't advance, and falling behind if we advance slowly". To gain a leading edge in fierce competition, it is necessary to have a forward-looking layout, increase investment, improve long-term mechanisms, and further promote the aggregation of innovative elements into future industries. Developing future industries is, to some extent, entering a 'no man's land', which requires the full chain promotion of technology incubation, process maturation, product research and development, user cultivation, and market development. We need to increase investment efforts, balance investment directions, and provide broad space for both basic research and achievement transformation. Currently, many social capitals have increased their investment in the stage of achievement transformation, especially in seizing investment opportunities before start-up companies go public. In response to the problem of insufficient investment in the field of basic research, the "tangible hand" needs to be replenished in a timely manner to elevate basic research to a more prominent position and avoid being light in the front and heavy in the back. Ensuring the effectiveness and scientificity of innovation resource investment, organically combining basic research and applied research, will increase the probability of fruitful results in the future industry. Incubation and cultivation of future industries have long cycles and high risks, requiring more patient capital than other industries. We should encourage diversified investment, effectively leverage and guide fiscal funds, and leverage more social capital to invest in future industries. Guangzhou, Chengdu and other cities have established large-scale government guidance funds and emerging industry investment mother funds, which have achieved positive results in promoting scientific and technological research and development. Establish and improve the linkage mechanism between government technology research and development funds, government industry guidance funds, and market-oriented investment funds, and increase the support of financial institutions such as banks, insurance, guarantees, and leasing for entrepreneurial investment. Only in the future can industries gain more development vitality and achieve multi-point flowering and diverse development. Only by investing in the future can we win it. In the tide of the new round of technological revolution and industrial transformation, we need to accelerate the construction of a diversified and multi-level investment and financing system, and promote a virtuous cycle of "technology industry finance" with the continuous nourishment of long-term patient capital. We have the conditions and ability to seek "certainty" in the "uncertainty" of development and seize the opportunity in future industrial development. (New Society)

Edit:Luo yu    Responsible editor:Jia jia

Source:people.cn

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