Research On Operation Management Of YUCT Government Investment Fund

At present China's economy is at an important stage of economic structural adjustment and traditional industries upgrading,government investment fund has played an important role in promoting the rapid development of the "New Economy" and changing the way of financial investment in this historical period of development.Objectively speaking,there are many problems in actual operation and management of the government investment fund,which leads to low usage efficiency of fund.“Fund raising,fund investment,post investment management and fund withdrawal” are key steps of current operation and management of government investment fund.Clarifying the problems during the operation and management of government investment fund and proposing optimization measures will help to play effectiveness of government investment fund in promoting industrial upgrading and transformation.Firstly,this article analyzed the relevant theories of government investment fund by collecting domestic and overseas literature.And then the article introduced the current operation management status of YUCT government investment fund from the perspectives of “Fund raising,fund investment,post investment management and fund withdrawal”.By using some methods such as the field work and qualitative and quantitative methods,the article analyzed the exiting problems and reasons,including the single financing channel,the policy attributes of investment need to be improved,low efficiency of fund usage,insufficient professional post-investment management level,and simple withdrawal method.This article also explained the relevant reasons,including insufficient publicity of the fund,poor market for PE investment,unreasonable fund performance evaluation system,complicated investment decision-making process,imperfect employee incentive mechanism and lack of relevant industry experience in PE background.Finally,this article proposed the relevant suggestion based on the actual situation of the fund,including the establishment of a professional fundraising team,improvement of the project decision-making process mechanism and fund performance management system,improvement of relevant procedures of post-investment management and employee salary incentive mechanism,and flexible arrangement of multiple withdrawal mechanisms.It also provided guarantee measures for the optimization of fund operation and management from the perspectives of intelligence,system and organization.This research results of this article provide directions for the optimization of the future operation and management of YUCT government investment fund,and have important practical significance.It also provides reference for the improvement of the operation and management of government investment funds in other provinces and cities.