Research On The Development Status And Countermeasure Of Zhengzhou Government Guidance Fund

As China's economic development has entered a new normal in an all-round way,the pace of supply-side structural reforms and industrial restructuring is continuing to accelerate.Economic development is facing the practical needs of upgrading traditional manufacturing and developing strategic emerging industries.The drive of industrial innovation has become a new engine to promote China's economic development.At the same time,there are increasing uncertainties in China's economic development process.Some of the technology companies in their infancy and start-ups are difficult to meet the loan conditions of traditional financial institutions such as banks and cannot receive timely financial support due to immature technology and low market recognition when cultivating technology,innovative products and business models.Facing serious business risks and survival difficulties.In the context of industrial restructuring and upgrading,mass entrepreneurship,and mass innovation,the government hopes to make up for the failure of the market in the process of resource allocation through policies and macro-control measures such as capital.The government guidance fund has become an innovative model for the government to play the role of financial capital guidance and leverage,gather social capital,cultivate and support the development of emerging industries,and plays an irreplaceable and important role.In recent years,Zhengzhou has successively established several government guidance funds,mainly investing in high-end equipment manufacturing,energy conservation and environmental protection,information industry,biomedicine,new energy and other strategic emerging industries and modern agriculture,cultural creativity and other key industries,It has made remarkable achievements in promoting industrial development and technological innovation.Therefore,this article takes Zhengzhou Municipal Government Guidance Fund as the research object.Through searching various documents,it analyzes the role of government guidance fund policy guidance and leverage to make up for the market's failure to allocatesocial capital.Through investigation and interviews and collecting first-hand data,the background,operation mode,development effectiveness,problems and reasons of the establishment and development of the Zhengzhou government guidance fund are introduced.Although the Zhengzhou Municipal Government has many guide funds,there are still problems such as small fund size,backward operation mode,insufficient leverage effect,low marketization level,and lack of professional talents.By analyzing the development effectiveness of the city government's guidance funds in Shenzhen,Chongqing,Hangzhou and other cities,relevant revelations were obtained and advanced management experience was used for reference.Finally,it puts forward suggestions for rationalizing countermeasures for optimizing the guiding fund of Zhengzhou Municipal Government.The Zhengzhou Municipal Government Guidance Fund can give full play to its advantages of latecomer,adopt the "parent fund + sub-fund" structure model,formulate attractive incentive assessment methods,introduce a professional management team,build a sound institutional management system,and follow the market-oriented operation model,By investing mainly in equity investment in sub-funds and a combination of parent funds and investment,a large amount of social capital is mobilized into key development industries in Zhengzhou City,thereby better promoting Zhengzhou 's industrial structure adjustment and economic transformation and upgrading.