Performance Appraisal Of Financial Guidance Funds Of Strategic Emerging Industries In Jiangxi

Development of strategic emerging industries can help maintain China’s rapid economic growth, while seize new ground.At present, most provinces treat the development of strategic emerging industries as an important way to enhance the competitiveness of the region.In recent years,on the basis of a good situation,the development of strategic emerging industries make a huge contribution to the economic growth of Jiangxi province.Therefore, the public has become increasingly concerned about the purpose and effect of the financial guide funds of strategic emerging industries, and the urgent need to improve the regulatory system and performance appraisal of local financial investment.This paper describes the relevant definition and characteristics of the strategic emerging industries,and introduce the strategic theory of financial support for emerging industries. including externalities, market failure, infant industry protection theory which emphasizes the necessity of financial guidance funds, and clarify the mechanism of action of guidance funds, such as not only a boost for the development of the industry,but also the role of external traction,therefore, the role of financial guidance funds should not be overlooked. For the development of strategic emerging industries in Jiangxi province. Second, by the existing performance appraisal index system of guidance funds of Jiangxi strategic emerging industries, this paper analyze the performance and usage of financial guidance funds of 82 emerging industrial projects in Jiangxi. And this paper, based on the appraisal results, analyze the existing problems during the process of using the financial guidance funds. Including the overall size of funds is generally small, the standard of the size of financial guidance funds is not clear;the progress of project construction is not uniform; the operation rates is not enough;Some companies have a small need of guidance funds, they need innovate supporting way; the effect of implementation is not ideal, some unfinished business losses, which influence the schedule of project completion and the level of expected profit;political design is not science, companies checking is not strict; lax supervision of the enterprise, the lately follow-up system is imperfect, and so on.Focus on the problem in the research, we propose the following policy recommendations: First, give full play to exclusive features of guidance funds,increase the scale of investment funds;secondly, finishing the tracking appraisal of the use of funds carefully,further enhance the level of performance of guidance funding.Thirdly,continue to improve institutional mechanisms for the distribution offunds,further improve capital efficiency;Fourthly,expand the guidance effect of funds in most degree,further enhance the development of the service industry; fifthly, strengthen the performance management of strategic emerging industries, and establish an integrated performance management system.