On September 5, the Office of the National Philosophy and Social Science Work of China publicly announced the list of projects approved for the 2025 National Social Science Fund Annual Projects. The project Theoretical Reconstruction of the Political Economy of Patient Capital and Research on Innovation in Its Cultivation Mechanisms, led by Associate Professor Zhang Qinyue of the School of Economics, Shanghai University of Finance and Economics, was approved as a General Program project. The public notice period was from September 5 to September 11, 2025.
Research Content
The project focuses on a major proposition in China's economic development in the new era. Grounded in the perspective of Marxist political economy, it explores the unique role of patient capital in promoting the development of new quality productive forces and reveals its essential attributes that distinguish it from the Western model. The project proposes that Chinese-style patient capital is led by public ownership, possesses strategic resolve, and is able to coordinate the diffusion of technology with capital cycles. It embeds the new development philosophy and becomes an important carrier connecting new quality productive forces with socialist production relations with Chinese characteristics. The research will explore how Chinese-style patient capital in real-world operation can sublate drawbacks such as the alienation of value distribution and technological monopoly. It will also focus on exploring mechanism innovation to provide new ideas for overcoming the difficulties of long-term investment and stimulating social innovation vitality. The ultimate goal of the project is to promote the formation of a patient capital cultivation model that suits China's national conditions, assist the leap in new quality productive forces and the construction of new production relations, and serve the historical process of Chinese-style modernization.
Personal Profile
Zhang Qinyue is an Associate Professor at the School of Economics, Shanghai University of Finance and Economics. She has long been engaged in teaching and research on Das Kapital, political economy, and socialist economic theory. Her research areas include contemporary Marxist economic theory, socialist market economy theory, and the contemporary Chinese economy. She has published multiple papers in journals such as Marxism Studies, Academic Monthly, and Teaching and Research. She is the sole author of one monograph and the co-author of another.
