Domestic industrial investment funds shall be declared by local governments to the National Development and Reform Commission, and set up and put into trial operation after being approved by the State Council. In recent years, the development of China's industrial investment funds has been gradually accelerated, from the establishment of the first batch of industrial investment funds, namely Bohai Industrial Investment Fund, in June 2006 165438+ 10, to the request of the National Development and Reform Commission to approve the pilot expansion of RMB industrial investment funds in August 2007. Five industrial funds, including Shanxi Energy Fund, Guangdong Nuclear Power Industry Fund, Shanghai Financial Fund, China High-tech Industry Investment Fund and Mianyang Science and Technology City Industrial Fund, were approved as the second batch of pilot industrial funds, and then the third batch of four industrial funds was released recently. Up to now, there are only 10 industrial investment funds approved by the state, and the total fundraising scale exceeds14 billion yuan. However, except for the first batch of approved Bohai Industrial Investment Funds with substantial investment projects, the second batch of five industrial funds have not yet been formally invested and operated.