Scheme Design Of H Province Energy Saving And Environmental Protection Industry Fund

The increasingly severe environmental problem in H province hastened the rapid development of energy conservation and environment protection industry.There is a series of new policies convoy this industry,but the huge capital demands and unsound investment as well as financing mechanism are still the critical factors inhibiting its progress.The characteristics of energy conservation and environment protection industry such as long lifecycle and marketization operation contribute to relieve the investment and financing difficulty of energy conservation and environment protection industry in H province.For this reason,based on the development status of energy conservation and environment protection industry in H province,this paper discusses the establishment as well as operation mode of energy conservation and environment protection industrial investment fund,designs feasible solution,and innovates the financing mode of energy conservation and environment protection industrial investment fund,so as to support the development of energy conservation and environment protection industry in H province.In the initiative stage of energy conservation and environment protection industrial fund solution in H province,it is suggested to adopt the method of combining government guided fund,H province local energy conservation and environment protection enterprise and domestic powerful investment institution;choose Henan Zhongchuangxin Environmental Protection Industry to guide fund,Henan Investment Group and CDH Investment act as initiators;apply the form of private placement and closed-off management.The organizational structure shall be limited partner,where Henan Zhongchuangxin Environmental Protection Industry guides fund,Henan Investment Group acts as limited partner,and CDH Investment is general partner;the fundraise scale is 1.2 billion in 15 years' duration;fund manager is CDH Investment and fund trustee is ICBC.In the operation stage of energy conservation and environment protection industrial fund solution in H province,the funds raised are all invested in H province unlisted energy conservation and environment protection enterprises with potential,or the projects in and after growth period.Fund performance return applies "fixed+floating",including fund management fee and floating income.In terms of the exit mechanism selection of energy conservation and environment protection industry in H province,it is suggested to use IPO,M&A and listing in new three board market with the expectation of gaining higher return on investment.