Practical Research On The Industrial Development Fund Of Xiangjiang New District In Hunan Province

As an important financial tool,the government guidance fund can reduce the financing cost of strategic emerging industries,and its role in the emerging industries and science and technology fields that promote industrial transformation and upgrading and development potential is more obvious and efficient.Under the background of the new normal of China’s economy,China’s original excess and falling production capacity need to be optimized and upgraded.Intelligent industries,new energy and new materials,biomedicine and other emerging industries need strong government support.However,local governments have limited financial resources and are unable to meet the economic development needs of the new era.In this context,various forms of financing have emerged,leading to the continuous expansion of local debt.Through the government guidance fund,the use of market-oriented operation mode,balance social effects and economic effects,improve the efficiency of capital utilization,to a certain extent,effectively control the growth rate of government debt,ensure the value of financial funds to maintain value,achieve its policy objectives,and promote local economic development.At the same time,it can also mobilize the participation enthusiasm of all the main players in the market,allocate funds to the entity enterprises,gather and guide social capital to invest in the industrial structure center of gravity and weak areas,and realize the optimization and upgrading of the industrial structure in the region.However,in the actual operation process of the government guidance fund,there are still many problems.At the same time,with the changes of national policies and markets,it needs to be continuously improved in terms of operation,management and incentives.Since the establishment of Xiangjiang New Area,in order to realize the strategic goal of “Rise of the Central Region” and “Yangtze River Economic Belt”,the orientation of “three districts and one highland” has been proposed to promote industrial leadership and innovation drive,and to set up industrial development funds to target key industries in Xiangjiang New District.Guided capital to help the industry transform and upgrade,while focusing on emerging strategic industries,and set about creating innovative regional construction.The Xiangjiang New District Industrial Development Fund has achieved good results in recent years,and has repeatedly listed on the list of domestic and foreign investment institutions,creating a good model image and receiving wide attention.The industrial development fund model of Xiangjiang New District may provide an effective paradigm for solving some existing problems of government guidance funds.In view of this,this paper first summarizes the problems existing in the operation and development of China’s government guidance funds,and comprehensively sorts out the development of government guidance funds,focusing on its historical evolution,policy development,and the types and objectives of government-guided funds in recent years.The changes in scale and quantity,analysis of the operation mode,investment mode,management mode,and evolution of the exit channel of the guiding fund have revealed problems in the government guidance funds.Through literature and case study analysis,from the perspective of the status quo of the Xiangjiang New District Government Guided Fund Industry Development Fund,combined with the relevant situation and achievements of the Xiangjiang New District Industrial Development Fund,the organizational structure,market operation,management and incentive system of the industrial fund Research and analysis in other aspects.Summarize the significant characteristics of the guiding fund in terms of management system,fund structure and operation mode,and propose possible risks.At the end of the paper,several suggestions are put forward to solve the potential problems of the industrial development fund of Xiangjiang New Area in the actual operation,and combined with its characteristics,look forward to the future development trend of the government guidance fund.