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Significance of SASAC's Establishment of Industrial Development Fund
1. Promote the transformation and upgrading of state-owned enterprises. Industrial development fund can provide financial support for state-owned enterprises, help them to carry out technological innovation, industrial upgrading and transformation and development, and improve their core competitiveness and market position.

2. Promote industrial restructuring. The industrial development fund can focus on supporting strategic emerging industries and high-tech industries that the country focuses on, promoting the adjustment, optimization and upgrading of industrial structure, and improving the country's economic competitiveness and innovation ability.

3. Promote social capital investment. Industrial development fund can attract social capital to participate in the industrial development of state-owned enterprises, promote the cooperation between state-owned enterprises and social capital, form a diversified investment pattern, and improve the market competitiveness and profitability of state-owned enterprises.

4. Promote the optimization of state-owned capital layout. The industrial development fund can promote the optimization of the layout of state-owned capital, promote the strategic reorganization and major asset reorganization of state-owned enterprises, and improve the efficiency and value of state-owned capital through capital operation.