| Government-guided funds generally take the form of private equity funds.The funds usually come from the government’s budget.Then the government departments concerned should play an overall role to support various industries.Through the market-oriented operation of financial or investment institutions,all kinds of social capital would be"attracted and guided to participate in and invest in many kinds of related funds(sub-funds).In order to promote the development of related industries,improve the quality and efficiency of government investment,and innovate the way of government financial expenditure,various kinds of government investment guidance funds have been set up from the central government to the local government since 2002.At the end of 2015,the Guangxi government set up the Guangxi Government Investment Guidance Fund and injected capital to establish the Guangxi Investment Guidance Fund Co.,Ltd.Nowadays,China’s supervision in the field of finance is becoming more and more stringent,and the local government’s original ways of investing and financing are greatly limited.Under the two pressures of strong economic and financial supervision and downward economic operation,the government-guided fund has become an important tool for the steady growth of local governments,and how to make the government-guided fund play its role better under the premise of meeting the regulatory policy requirements is very important.’Studying the development direction and operation mode of Guangxi Government Investment Guidance Fund can promote Guangxi’s economy to be more efficient,fair and sustainable.This paper adopts the research method of combining theory with practice.It not only uses the evaluation matrix of internal and external factors and the quantitative strategic plan matrix to make quantitative analysis,but also studies the way and method of local government guiding fund management in other provinces of China.Finally,it is concluded that the general strategy of concentric diversification is more suitable for Guangxi Government Investment Guidance Fund at the current stage.Specific measures should be taken in organizational management,operation management,investment management,government support and risk prevention to ensure the smooth implementation of the company’s development strategy. |