China Overhauls State Investment Rules in Push for Tech, Efficiency
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China has unveiled sweeping new regulations to strengthen oversight of its sprawling network of government investment funds, redirecting capital toward national strategic priorities and curbing risky or speculative activity.
The new rules — jointly released on Monday by the National Development and Reform Commission (NDRC) and three other ministries — lay out a comprehensive framework for the planning, governance and assessment of government-backed funds. The move aims to bring discipline to a sector plagued by redundant projects, inefficient regional competition and investments misaligned with Beijing’s policy goals.
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- China introduced new regulations for government investment funds to align with national priorities, reduce risk, and curb inefficient spending.
- The rules establish investment guidelines, prohibit funding outdated sectors, and introduce annual performance evaluations based 60% on policy alignment.
- Local and national funds have defined roles; funds violating the new regulations must adjust or wind down operations.
- 2026-01-12：
- The new government investment fund regulations were jointly released by the National Development and Reform Commission (NDRC) and three other ministries in China.
- 2026-01-13：
- The new regulations on government investment funds became effective immediately.
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