Research On Operation Of Tea Industry Investment Fund In Songyang County Of Zhejiang Province

Over the past ten years,Songyang tea industry has developed rapidly,has become a local characteristic industry and pillar industries,but in the process of rapid development also exposed corporate financing difficulties,irrational industrial structure,regional competitiveness and other issues,these The problem seriously restricts the further development of tea industry in Songyang County,the urgent need to seek the road to crack,to achieve industrial upgrading.To achieve industrial upgrading,it is imperative to solve the problem of lack of funding for the development of tea industry.As a modern economic blood,finance for industrial development has provided an important impetus.When the industry to a certain extent,the effective combination of industry and finance is particularly important,not only help to broaden the channels of investment and financing enterprises,but also help diversified development of enterprises to create the integration of financial integration value.As one of the effective ways of combining industry and finance,industrial investment fund has become an important tool to connect with finance and industry.It plays an important role in alleviating industrial financing difficulties,improving entrepreneurial innovation ability and promoting industrial transformation and upgrading.This paper studies the operation of Songyang County Tea Industry Investment Fund is also hope to play the role of industrial investment funds,crack the difficulties of the development of tea industry in Songyang County,to achieve tea industry upgrades.Based on the analysis of China's industrial investment fund and Songyang tea industry,this paper puts forward the operation of Songyang County Tea Industry Investment Fund,which is divided into three stages: fund raising,investment management and exit.The fund-raising stage consists of Songyang county government,fund management company,Commercial banks,large enterprises co-sponsored closed-end limited partnership private equity fund;investment management stage by the fund managers in accordance with the investment strategy of the robust fund investment in Songyang County local tea industry projects,and through active participation in major business Decision-making,risk monitoring of enterprises,to provide value-added services to carry out post-management,to reduce investment risk,to ensure that capital preservation and appreciation;exit stage preferred IPO exit,followed by the new three board or equity transfer exit,and finally through the provision of repurchase terms,Repurchased by the sponsor.Finally,this paper analyzes the risks of Songyang County Tea Industry Investment Fund from the three stages of fundraising,investment management and exit,and puts forward countermeasures.In the economic downturn is huge,industrial transformation and upgrading of the imminent today,the study of Songyang County Tea Industry Investment Fund's specific operation is not only want to find Songyang County tea industry to upgrade the road,but also for other areas,especially underdeveloped areas County economy Of the transformation and upgrading to provide reference,but also on the county-level industrial investment fund to do a useful exploration,enriched the industrial investment fund operation of the theoretical research and practical research.