International Experience and Implications of Pension Funds'Invest-ment in Science and Innovation Enterprises
In the"five big articles"of science and technology finance,green finance,inclusive finance,pension finance and digital finance,pension finance and science and technology finance have more room for integration and de-velopment.As an important way of accumulating patient capital in China,pension funds and long-term life insurance funds can provide a large amount of long-term financial support for the development of the science and technology in-dustry.In recent years,pension funds in many countries in Europe and the United States have increased their invest-ment in science and innovation enterprises,which has strongly supported the development of the science and innova-tion industry.In comparison,there is still much room for improvement in China's pension fund investment in science and technology enterprises.This paper combs through the practices of pension funds investing in science and innovation enterprises in the United States,the United Kingdom,Canada,Japan,the Netherlands,Norway,Sweden,Swit-zerland,Denmark,Australia and other countries,and puts forward policy suggestions to promote China's pension funds investing in science and innovation enterprises.