Research Of Bohai Industrial Investment Fund

By applying institutional evolvement theory and financial innovation model, this article analyzes significance as well as route of Bohai industrial investment fund. The financial innovation route in China is that the government, through institution-supply, intervenes into the process and control the degree of innovation. However, with the enhancement of laws and regulations and the deepeness of finance, market will take the place of government step by step and innovational conduct and accomplishment will gradually get market-oriented. Generally speaking, the design of Bohai industrial investment fund complies with this innovational route.In this paper, we set up the positive feedback mechanism of financial innovation evolvement, highlights the target, route and difficulty of financial innovation in China's transitional period. We discuss Bohai industrial investment fund's breakthrough and its leading role in financial innovation. Based on thorough investigation and analysis, this article proposes to promote improvement of financial breakthrough in three aspects, namely, market entry, market building and institutional enhancement, and it also presents some suggestions for the first-try effect and the further development of Bohai industrial investment fund.