Xinhua News Agency, May 31, at the special event of the 2023 Zhongguancun Forum on major scientific and technological achievements, the National Council of Social Security funds announced the establishment of the "Zhongguancun Independent Innovation Special Fund of the Social Security Fund." It is understood that the special fund is all funded by the social security fund, with a scale of 5 billion yuan in the first phase, with Junlian Capital as the manager and investing and operating in a market-oriented way. The Social Security Foundation and the Beijing Municipal Government will set up a strategic committee to guide the investment direction of the fund and evaluate the investment performance. With a term of more than 10 years and long-term funding characteristics, the fund will mainly invest in early and growing science and technology start-up enterprises in Zhongguancun, focusing on supporting science and technology start-up enterprises to tackle key technological problems and transform scientific and technological achievements. Liu Xiangdong, deputy director of the Economic Research Department of the China Center for International Economic Exchange, said that for the social security fund, how to give full play to its long-term financial advantages and maintain and increase its value is an important issue at present, while the establishment of a special fund to support key core technologies reflects not only the demand for active service and integration into the national strategy, but also the need for its own long-term maintenance and appreciation of value and stable development. In particular, the use of special funds to invest in high-return scientific and technological enterprises, will be able to achieve the rolling value-added development of their own funds. (Securities Daily)