The CAS Fund of Funds (“CAS FOF”) is a major strategic arrangement decided by the Chinese Academy of Sciences (CAS) to implement the guiding principle of president Xi Jinping's speech during his inspection to the CAS. Aiming to support and promote the technology transfer within the CAS system, the CAS FOF is an exploration and practice of the new national mechanism in the field of scientific and technological innovation.

The CAS FOF makes it its mission to solve the stranglehold problems in the core technological fields of China, and implements the innovation-driven development strategy. Relying on the profound scientific andtechnological resources of the CAS, the CAS FOF applies the investment mode of “FOF (fund of funds) + direct investment” to mainly invest in strategic emerging industries and such key stranglehold technologies as “key technology” and “green technology”, and takes “technology + finance” as the link to build a nationwide platform and investment system for the technology transfer, thus realizing the common improvement of the national strategy of innovation-driven development, social responsibilities and economic value.