Period Of Economic Transition, Industrial Investment Funds Operation

Industrial investment fund is a form of combination between industrial and financial firms as well as a financial innovation and a product of economic restructuring in the course of industrial growth. In China ,the industrial investment fund is divided into venture fund,infrastructure investment fund and state-owned enterprises restructuring investment fund. It has more rich content than foreign venture capital fund.The development of industrial investment fund has great practical significance to China's basic industries and high-tech industries,the development of emerging industries,the reform of state-owned enterprises and the optimization of the capital market structure..The analysis of industry investment fund operations from the perspective of China's economic transformation is the central thesis of this paper.The development of industrial investment fund in China is just at the early stage with deficient practical experience.Referring to a plenty of overseas research fruits in this area, the author explores the lagging development of China's investment fund by the comparative methodology. The case of Zibo fund is analyzed to elaborate the operation of industrial investment fund and the lessons from its success and failure.With the progress of reform,China's industrial financial source no longer solely depends on the government. The restructuring of traditional industries and the improvement of industry quality cry for diversified financial supports, on which industrial investment fund will play an active role.According to our country's current situation,this paper is divided into six parts as follows:The first section introduces the purpose,methodology and the original ideas of the research, and reviews relative literatures..The second section provides a general description of industrial investment fund by illustrating the industrial investment background of economic transition. The implication of industrial investment fund is derived through the comparison between the foreign venture capital fund and industrial investment fund.