Hi Finance | "Cultivate and Strengthen Emerging Industries and Future Industries"

Source: Overseas Network

This year’s government work report proposed, “Cultivate and expand emerging industries and future industries,” and “Establish mechanisms for increased investment and risk sharing in future industries, fostering the development of future energy, quantum technology, embodied intelligence, brain-computer interfaces, 6G, and other future industries.”

Researchers use micron-scale brain-computer interface mixed reality to precisely display the spatial relationship between brain-computer interfaces and the main blood vessels and brain tissues of rats. Xinhua News Agency reporter Xiao Yijiu photo

It is understood that future industries refer to forward-looking emerging industries driven by cutting-edge technology, currently in the incubation or early industrialization stage, with significant strategic, leading, disruptive, and uncertain characteristics.

During the National Two Sessions, future industries became a hot topic among representatives and committee members. According to Shi Haofei, Vice President of the Chongqing Institute of Green and Intelligent Technology, Chinese Academy of Sciences, China has made positive progress in the development of future industries, with breakthroughs in some frontier areas and a generally good development trend.

“China’s future industries are at a critical stage of transitioning from incubation to growth and expansion. However, there are still challenges, including insufficient original innovation capabilities, obvious shortcomings in the factor allocation system, and difficulties in transforming scientific and technological achievements.” To accelerate the cultivation and expansion of future industries, Shi Haofei suggests strengthening original innovation supply to build a solid technological foundation for future industries. Optimize innovation element allocation to break through development bottlenecks. Remove obstacles in achievement transformation to promote industry implementation and effectiveness.

To address issues such as a lack of high-quality entrepreneurial entities and the absence of a venture capital ecosystem in the layout of future industries, Ding Hong, member of the National Committee of the Chinese People’s Political Consultative Conference, academician of the Chinese Academy of Sciences, and Chair Professor at Shanghai Jiao Tong University, believes that efforts should focus on breaking through transformation bottlenecks, building a collaborative innovation ecosystem, cultivating versatile talents, and promoting market-oriented allocation of innovation factors. Additionally, explore establishing “laboratory companies,” introduce agile funding mechanisms to accelerate technological iteration, and improve state-owned asset supervision systems by establishing sound fault-tolerance and exemption mechanisms and optimizing investment approval processes to strengthen capital support for early-stage projects.

“Facing the ‘14th Five-Year Plan’ development goals, focus should be on future industries such as 6G and low-altitude economy. In the field of 6G, it is recommended to adhere to the principle of moderate foresight, using the commercial scale deployment of 5G-A to lead 6G technology reserves, and build a healthy cycle of ‘research and development—commercialization—iteration—reserves.’” Miao Wei, Senior Vice President of ZTE Corporation and a representative of the National People’s Congress, told People’s Daily Overseas Network, “Drive network intelligence evolution through AI intelligent terminal application innovation, support future application ecosystems with appropriately advanced network capabilities, promote the development of new scenarios and creation of new markets, lead industry leapfrogging development, and find a deterministic path to 6G leadership, gaining the initiative in future development.” (Overseas Network Mu Yuchen)