Industrial Investment Fund Investment And Financing Mode Selection

Since the1970s, high-tech industries around the world have been extraordinary development. The development of high-tech industry to promote the country’s economic structure can be adjusted by the labor-intensive industries are gradually transformed into knowledge-intensive industries. At the same time, high-tech project in itself implies a larger technical risk and market risk, high-tech industry investment and financing has also become a widespread concern of government and academic circles. The status quo, we believe that the high-tech industry development needs a long period, accompanied by features of high-risk and high-yield equity capital can be adapted to serve. Industry Investment Fund is suitable for high-tech industry development. Industry Investment Fund promote high-tech projects to accelerate the transition to actual productivity, and accelerate high-tech research to the market, which established the dominant position of the high-tech industry.Industry Investment Fund is to serve the high-tech industry and create an innovative capital investment. Due to the different stages of development of high-tech industry has a different degree of investment risk and financing requirements, so the phase characteristics of the high-tech industry to become an important factor in industrial investment funds investment and financing mode selection. In accordance with the characteristics of the stages of development of high-tech industry, we target investment and financing mode selection.A good investment and financing model of the industrial investment fund help the Fund to play its role to promote and facilitate the development of high-tech industry. Perfecting stage of development of high-tech industry investment risk measurement can reduce the investment risk of industry investment fund and improve investment efficiency. For the different stages of development of high-tech industry, and explore Industry Investment Fund financing mechanisms, help to promote the optimization and innovation of China’s high-tech industrial development financing environment. In the above point of views, this article may well be a new attempt, with a strong theoretical and practical significance.The perspective of high-tech industry development stage, research and industry investment fund investment and financing mode selection. To analyze the risk of investment properties and financing demand characteristics for the three stages of the development of high-tech industry, industrial investment funds to study the investment patterns and financing models. Initial establishment of a research framework from the high-tech industrial development phase of the perspective of Industry Investment Fund investment and financing mode, combined with the reality of China’s proposed environmental analysis, to support the development of industrial investment funds in China.This paper firstly introduces the research background, and explained the purposes of this article and thinking. Studies then for industrial investment funds and high-tech industry development status in these two areas. Then, based on the perspective of the stages of development of high-tech industry, from risk investment mechanism and the mechanism of the financing model Analysis of Industry Investment Fund investment and financing mode causes and development value. Subsequently, this article focuses on industrial investment funds investment patterns and financing model, and proceed from the high-tech industry development mechanism and dynamic process of industrial investment funds, investment mode selection. Through the establishment of the venture capital model, the correlation between the stage of technology research and development stage, the stage of industrialization and large-scale empirical analysis of high-tech industry, to arrive at the optimal pattern of industrial investment funds invest in high-tech industry development. Next, starting from the high-tech industry development stage financing obstacles, Research Financing Options Industry Investment Fund. Presented to the life cycle of the high-tech enterprises established on the basis of the financing mode of the match industry investment fund its life-cycle. At the same time difficult to analyze the high-tech corporate finance, it is recommended that the industry the choice of investment funds in the financing model should not be across the board, to distinguish between the different stages of development for effective financing. Finally, the paper examines the operating environment for industrial investment funds. From the talent environment, legal environment, policy environment and cultural environment and other aspects, we advise policy recommendations the development of high-tech industry investment fund.Based on the above theoretical and empirical research, the conclusions of this paper is the different characteristics and risks of the life cycle of the high-tech industry, put forward a reasonable and feasible, to match industry investment fund its life-cycle investment and financing mode. The choice of investment patterns, industrial investment funds should be based on the regularity of the stage of development of high-tech industries within the system structure, selecting the lowest level of risk, economic mode for venture capital. Industry Investment Fund in the choice of financing mode for different forms of financing options should be based on the different stages of development of high-tech industry, specifically in the technology R&D and seed of select government-led industrial investment funds should be selected in the industrialization phase industrial investment funds led by the commercial banks as the main body. Finally, the operating environment of the high-tech Industrial Investment Fund policy recommendations that should improve the personnel training system, to promote a favorable investment fund culture, establish and improve laws and regulations and regulatory capital markets point of view, the promotion of high-tech industry investment fund system construction.In this thesis, in the views of high-tech industry development, we make a basic and tentative industrial investment fund’s investment and financing mode. For the actual development of Chinese high-tech industries, and promote China’s industrial investment funds investment and financing models to improve the reference value. However, due to the limitations of my knowledge structure and space limitations, this study inevitably there are omissions and deficiencies, which need to be further in future research and improvement.