Government, Private Capital and Foreign Capital of Industrial Investment Fund in Blue Economic Zone

Driven by the national strategy of Shandong Peninsula Blue Economic Zone Development Plan approved by the State Council, the Blue Industry Fund came into being. The "Planning" clearly stated: "Through market-oriented operation, the industrial investment fund of the blue economic zone will be established".

The Blue Industry Fund actively strives for government financial funds as guiding funds, and has received strong support from the provincial government and relevant provincial departments, and obtained a series of support in project establishment, projects, finance, taxation, investment and financing policies, island development, land use, and opening up. Shandong Ocean Investment Company, one of the sponsors of the Blue Industry Fund, was approved by the provincial government and funded by six large state-owned enterprises directly supervised by the provincial SASAC, namely Shandong Expressway (600350) Group, Shandong Iron and Steel Group, Yankuang Group, Xinkuang Group, Shandong State-owned Assets Investment Holding Co., Ltd. and Rizhao Port (6000 17) Group.

However, industrial funds are not just "government-run". Among the sponsors, it binds civil and international resources. The other two sponsors of Blue Industry Fund are Akashi Investment and Zheng Da Group. Akashi Investment, which belongs to China Akashi Investment Management Group Co., Ltd., is one of the earliest enterprises engaged in equity investment in China. Through the qualification examination and filing of the private equity fund management company of the National Development and Reform Commission, it has obtained the qualification to manage the national social security fund, commercial insurance fund and set up industrial funds. Chia Tai Group is the first famous multinational company to invest in China. Its subsidiary Zhengda Global Investment Co., Ltd. is a professional organization responsible for industrial investment of Zhengda Group. The stock ratio of the three sponsors of the Blue Fund is 4: 3: 3. Secondly, the direct operation of the Blue Industry Fund will mainly rely on "investment banks" with successful experience. For example, in his domestic fund management team, President Wang Tao was the executive president of Akashi Investment Management Co., Ltd. and the president of Pan Asia International Investment Company. In the overseas fund management team, President Liang Xu used to be the chief financial officer and vice president of Bona Film Group. In the investment decision-making committees of the two companies, there are many market participants such as Yang Xiaoping, Vice President of Zheng Da Group, Gao Feng, Chairman of Akashi Investment Board, zhaowei, Vice President of Zheng Da Global Investment Co., Ltd. and Wei Song, Vice President of Haina Hongyuan Investment.

Its "mother-child fund" operation mode embodies the function of financing. Bao Jianying, chairman of Shandong Ocean Investment Company, introduced that in addition to the Blue Industry Fund and overseas (USD) parallel funds, Shandong Haitou Company, the main sponsor of the fund, also allocated funds according to the closed "parent fund" model, of which 40% was used for direct investment, that is, 654.38+08 billion yuan was taken out from the total scale of 30 billion yuan to launch several industries according to different regions, industries and projects. Constantly expand the scale of financing and enlarge the leverage of funds. According to the calculation of professional organizations, the operation mode of "mother-child fund" will generally enlarge the scale of funds by more than 6 times, which means that "blue fund" will incite hundreds of billions of direct investment.