1437, with a scale of 2.47 trillion.
(202 1 year-end data)
[government guidance fund]
It refers to the funds set up by governments at all levels through budget arrangements, which are funded separately or jointly with social capital, and use market-oriented methods such as equity investment to guide all kinds of social capital to invest in key areas and weak links of economic and social development and support the development of related industries and fields.
[organizational form]
Mainly limited partnership system, in addition to the company system and trust system.
[level]
National, provincial, municipal, district and county level.
[Management Type]
Entrust management, self-management and consultant management.
(1) Venture Capital Guidance Fund
It refers to supporting venture capital institutions, which in turn drives social capital to support innovation and entrepreneurship and support the development of small and medium-sized enterprises.
(2) Industrial Investment Guidance Fund
The government guides funds to support the development of key industries, cultivate emerging industries and promote enterprises to become bigger and stronger. T includes industrial transformation fund, strategic emerging industry development fund and industrial structure adjustment guidance fund.
(3) Investment Guidance Fund for Infrastructure and Public Services
Support infrastructure construction and public services to improve the quality and level of public services.
It mainly includes PPP development fund, urbanization investment guidance fund and various public service-oriented guidance funds.
Running die
(1) "Parent Fund+Sub Fund" model
That is, the FOF model, local governments adopt a parallel investment structure, attract large financial institutions and other funding institutions to participate, and amplify the leverage advantage.
The focus of the investment decision of the parent fund is to choose PE institutions as managers of the sub-funds, and use them to truly invest in the target enterprises through the sub-funds.
(2) State-owned enterprises take the lead.
Financial funds are jointly established by industry leaders, financial institutions or other social capital, with a single-layer fund structure, focusing on supporting specific industries or specific types of enterprises.
(3) Special fund model
This kind of fund usually adopts the structure design of priority over inferiority, and the leverage ratio is different. Financial institutions subscribe first, and state-owned enterprises or designated entities subscribe for inferior levels.
[Give a chestnut]
Xi is a city with a long history, with profound cultural accumulation and tourism resources. Mayor Xi 'an assigned Orange a task-developing Xi 'an's culture and tourism industry.
But I only gave oranges 3 million, which is a little less. Oranges must get some money before completing the task. Orange set up a cultural industry fund A in the name of Xi government, and then found several banks, several brokers and several state-owned enterprises to absorb a little social capital to contribute.
With money, you can start working. A invested in Xiying Factory and made several films related to Xi 'an. Xi 'an began to be popular all over the country. A invested in Chang 'an at twelve o'clock, Chang 'an opened a branch at twelve o'clock, and every store lined up ... Xi 'an's cultural tourism industry has been thriving ever since ~