First, combine the central special fund for the development of strategic emerging industries with the central infrastructure investment fund, revitalize the stock, give play to the leverage of government funds, and attract the participation of powerful enterprises, large financial institutions and other social and private capital, forming a guiding fund for venture capital in emerging industries with a total scale of 40 billion yuan.

Second, the fund implements market-oriented operation and professional management, and selects several fund management companies to be responsible for operation and independent investment decision-making through public bidding. Third, in order to highlight the investment focus, the venture capital fund of emerging industries can cooperate with the relevant funds of local or industry leading enterprises in the form of equity participation, and mainly invest in innovative enterprises in the early, middle and early stages of emerging industries. Fourth, the income distribution of venture capital funds in emerging industries should be rewarded first and then distributed, and social investors can give priority to dividends. The state-funded income can be appropriately allowed to make profits, and the recovered funds are given priority for the fund's accumulated use. Through the joint efforts of the government, society and private funds, we will promote mass entrepreneurship and innovation and realize industrial upgrading.