Research On The Development Of China's Industrial Investment Funds

The Industrial Investment Fund is a type of fund that invests in the equity of non-publicly traded enterprises.It has the function of pooling social resources and investing in emerging industries.It is one of the important tools for the country to transform its economic development mode and promote high-quality development and optimize the industrial economic structure.In recent years,China's industrial investment funds are in a relatively rapid development stage,showing the characteristics of fund fundraising scale,social capital and government joint funding,but in the process of operation,there are some problems and deficiencies.Studying the operating rules of industrial investment funds is conducive to improving the operational efficiency of the fund and enhancing the international competitiveness of China's industry.This paper mainly uses the case study method to analyze the basic operation mode,operational effectiveness and shortcomings of China's development industry investment funds,and proposes corresponding improvement suggestions.The selected industrial investment fund of the Yangtze River Economic Belt of Hubei Province is one of the largest industrial investment funds in China in recent years.It adopts the typical operation mode of the Fund of Funds(FOFs)and brings together a group of high quality and High-standard investment power in the political,commercial and industrial fields.Through the introduction of several major investment projects,the fund has promoted and led the industrial upgrading of Hubei Province,and the investment results have begun to show.This paper can be divided into three parts.Firstly,it analyzes the overall development status of China's industrial investment funds,including the related concepts,development status and the development of government-funded funds of industrial investment funds.Then,it analyzes a case of industrial investment funds in the Yangtze River Economic Belt of Hubei Province.It mainly includes the establishment background,basic operation mode and investment effect of the fund.Finally,conclude that it summarizes some problems and its causes,and its causes,and proposes suggestions.This paper mainly sorts out the relationship between central government and local government,financial capital and social capital,and capital and industry in the operation of government-funded industrial investment fund.On the basis of these"three relationships",it summarizes the successful and failed experiences and lessons.In view of the shortcomings in the development,it is proposed that the operation of industrial investment fund should select the industries in the growth stage and integrate the superior resources of the government,social capital and industrial core companies.By reasonably distributing the decision-making power and investment income of the fund,the opposition between investment objectives of all participants can be reduced,so as to improve the operation efficiency of the fund.And then we can seek the joint realization of the goals of government investment,social income and industrial development.