The Research Of Operation Mode Of Inner Mogolia Government Guiding Fund

Government guiding fund is an investment mode,generally funded by the government drawing social capital to promote the development of regional economy.Guiding fund,which originates in western developed countries,is a kind of economic policy adopted by many countries and regions to support regional economic development.In recent years,Chinese government guiding fund is flourishing.Practice shows that guiding fund has played a significant role in promoting regional economic restructuring and supporting development of venture enterprises.The Inner Mongolia Autonomous Region is located in the northern part of China.Due to the decline of the mineral resource-based industry,especially coal industry,regional economy is under pressure.Under these circumstances,it is necessary for the Inner Mongolia Autonomous Region to explore a new way of economic development to maintain steady economy growth.Considering the current situation of regional economy,it is imperative to establish guiding fund.Firstly,the author did case studies of the development of domestic and foreign government guiding fund,and then made a summary of the cases.The author clarified operational processes of domestic and foreign government guiding fund,which consisted of financial sourcing,guiding mode,management mode,investment conditions,quitting mode and so on,and summarized the highlights and experiences.Based on this analysis,the author defined the background and necessity of establishing Inner MongoliaGovernment guiding fund,and also made the principle and purpose clear.combined with the economic environment and the business development,the author finally proposed the mode and procedure of operation of guiding fund in Inner Mongolia Autonomous Region.This paper will apply the research results of domestic and foreign government guiding fund to the practices of formulating policy in Inner Mongolia,which is the effective combination of theoretical research and practical exploration.This paper is divided into six parts.In the introduction part,this article is elaborated from theory aspect and practice aspect.By summarizing the research status of domestic and foreign scholars in the field to put forward the writing purpose of this paper is to explore suitable operation mode of Inner Mongolia government guiding fund.Chapter two starts with the definition of guiding fund,and the origins of the guiding fund,and then discuses important function of government guiding fund.Chapter three introduces the development and experience of the domestic guiding funds and summaries from five aspects including financial sourcing,guiding mode,management mode,investment conditions and quitting mode.Chapter four uses case analysis to sum up the foreign government guiding fund development mode.These cases involve the UK,Australia,the United States,Israel and other government guiding fund in well-developed countries.Author takes these cases as examples for establishing government guiding mode of Inner Mongolia.Chapter five introduces the relatively popular PPP funds,and discusses relationship between government guiding fund and PPP funds.Chapter six sets the establishment motivation,general principle of Inner Mongolia government guiding fund.It also proposes the solutions of Inner Mongolia government guiding fund and clarifies the whole procedure of the government guiding fund,which is composed of the investor,the capital scale,the organization and operational process.The last chapter has summarized for the whole paper.It is believed that,with the gradual implementation of the "One belt and One road","the Development of China's West","the revitalization the old northeastern industrial base of China" and other national strategies,Inner Mongolia is facing an unprecedented opportunity.It is imperative to seize the opportunity and challenge to establish the government guiding fund,which is suitable for regional development.The operation mode of the government guiding fund in Inner Mongolia should be combined with the characteristics of the industrial development.FOF mode should be adopted referring to the experiences from domestic and foreign countries.The fund,invested by government financial department and other partner,should be organized in partnerships and corporations of equity investment and be managed by professional investment team.The form is more flexible,and the operation mode is more conducive to guarantee the fund invested in high-quality projects and to play a powerful role in amplifying the capital and guiding the whole industry.