Analysis On The Key Links Of The Operation Of The Guizhou Poverty Alleviation Industry Sub-fund

Poverty alleviation is the top priority and the first livelihood project during the 13 th Five-Year Plan of China,and developing industry is the basic strategy to eradicate poverty.Industrial poverty alleviation is related to the overall situation of poverty alleviation and the stability and sustainability of poverty eradication results.Guizhou is one of the main battlefields of poverty alleviation in China,although the socio-economic development has been good in recent years,the task of poverty alleviation and development,especially industrial poverty alleviation,is still very difficult due to economic,environmental and historical factors.Guizhou is faced with such practical problems as large scale of investment,long period of capital recovery and extensive projects coverage.In 2017,in order to solve the bottleneck of inaccuracy,inefficiency and lack of supply and demand in the investment of poverty alleviation funds,Guizhou set up the Guizhou Poverty Alleviation Industry Sub-fund with a total size of 120 billion yuan.This fund is the first private equity investment fund that is led by the provincial government,operates according to the principle of marketization,and focuses on industrial poverty alleviation.It has the characteristics of large amount,long term and low income.After the establishment of the fund,it became an important carrier for industrial development and poverty alleviation in Guizhou.This thesis takes Guizhou Poverty Alleviation Industry Sub-fund as the research object,and through consulting the relevant literature,expounds the private equity equity investment fund and its key aspects of operation,the government investment fund and its principle requirements,and the government-funded industry investment fund and its principle requirements.Based on actual cases and practice data,the thesis focuses on the four key links of "raising,investing,managing,and withdrawing” from the operation of the fund,analyzes the operating status,summarizes experience and puts forward suggestions,aiming to provide reference for the better operation of the fund in the future and explore the new mode of industry poverty alleviation financing.The study believes that combining private equity investment funds with poverty alleviation and industrial poverty alleviation is an innovative exploration of industrial poverty reduction financing models,which is conducive to the optimal allocation and effective supply of the investment elements of poverty alleviation funds.For private equity investment funds such as the Guizhou Poverty Alleviation Industry Sub-fund,they also have various attributes such as government-led,market-oriented operations and focus on poverty alleviation.Compared with private equity investment funds operating purely market-oriented,such funds have their own characteristics in the four key links of “raising,investing,managing,and withdrawing” in the operation of funds.In addition to following the general rules for private equity investment funds,such funds should pay special attention to the balance of various attributes,handle the relationship between the government and the market,balance the social and economic effects,improve the effectiveness of targeted poverty alleviation,adjust and optimize the industrial structure of poor areas and promote economic development.