As a sector of strategic emerging industries, the advanced materials industry is vital for the socioeconomic development and security of the country．This paper describes the current status of the advanced materials industry in China and abroad and discusses weakness of the related enterprises．Finally, we propose the major development directions and make suggestions on government policies for promoting the advanced materials industry

Materials form a solid basis for productivity and human welfare, and hence development of advanced materials has become one of the key tasks for hi-tech research and industrialization scheduled in the national 10 th Five-year-plan. Many of the institutions dedicated to the research and development of materials have over the time accquired strong capability in the R&D of advanced materials and accumulated abundant intellectual resources. These institutions are a major force which plays an important role in the development of national materials industry. As a main institution in this field, General Research Institute for Nonferrous Metals has actively and successfully promoted the industrialization of advanced materials. Its experiences can be epitomized into 5 aspects as conception renewal, technology innovation, mechanism reforming, talent management and capital operation.