Answer: Hello, the three aspects of fixed asset investment include: ① targeting fixed assets; ② having new production capacity or usage benefits; ③ being able to convert capital form into physical form. Fixed assets refer to non-monetary assets that are held by an enterprise for the purpose of producing products, providing labor services, leasing or operating and managing, used for more than 12 months, and with a value reaching a certain standard, including houses, buildings, machines, machinery, transportation Tools and other equipment, appliances, tools, etc. related to production and business activities. Fixed assets are the means of labor of an enterprise and the main assets on which the enterprise relies for production and operation. From an accounting perspective, fixed assets are generally divided into production fixed assets, non-production fixed assets, leased fixed assets, unused fixed assets, unused fixed assets, financial lease fixed assets, donated fixed assets, etc.

1. Main characteristics of fixed assets

1. Fixed assets generally have a relatively large value, are used for a long time, and can participate in the production process repeatedly for a long time.

2. Although wear and tear occurs during the production process, it does not change its physical form. Instead, its value is gradually transferred to the product according to the degree of wear and tear, and the value transferred is partially recovered. A depreciation fund is then formed.

As the monetary expression of fixed assets, fixed funds also have the following characteristics:

1. The cycle period of fixed funds is relatively long. It does not depend on the production cycle of the product, but on the production cycle of the product. The useful life of fixed assets.

2. The value compensation and physical renewal of fixed funds are carried out separately. The former is gradually completed along with the depreciation of fixed assets, and the latter is accumulated with the usual money when the fixed assets cannot be used or are not suitable for use. Depreciation funds are used to achieve this.

3. When purchasing and constructing fixed assets, a considerable amount of monetary funds needs to be paid. This investment is a one-time investment, but the recovery of the investment is carried out through the depreciation of fixed assets in installments.

II. Fixed asset investment policy

Since its establishment in 1996, the capital system for fixed asset investment projects has played an important role in improving macro-control, adjusting the total amount of investment, adjusting the investment structure, and protecting financial institutions. It has played a positive role in maintaining stable operations and preventing financial risks. In 2004, the ratio was appropriately increased in response to the overheating economy at that time, and in 2009, the relevant ratio was appropriately lowered in response to the international financial crisis.

With the signature and approval of Premier Li Keqiang, the State Council issued the "Notice on Adjusting and Improving the Capital System for Fixed Asset Investment Projects" in September 2015. This adjustment focuses on optimizing the investment structure, improving the capital ratio and related content of fixed asset investment projects determined in 2009, and reasonably lowering the investment threshold, which is conducive to improving investment capabilities, increasing effective investment, and accelerating the replenishment of public funds. Products, public services and other development "shortcomings" will be promoted through reform to promote structural adjustment and improvement of people's livelihood.