Problems And Suggestions Of Liaoning Provincial Government Guiding Fund Operation

Since the reform and opening up,China’s investment and financing environment has greatly improved,and the government guided fund has also developed rapidly.In order to support the industrial development in the region,local governments at all levels have begun to study and establish the government guided fund.At present,Liaoning Province is in an important stage of optimizing the industrial structure and the transformation of the real economy.It is faced with practical difficulties such as the narrow financing channels of the government,the great pressure of the local government’s financial expenditure,and the financing difficulty of small and medium-sized enterprises.Research and practice at home and abroad also show that the government guided fund is an important hand in establishing a market-oriented investment and financing mechanism.It can leverage more social capital to participate in government investment by using a small amount of government financial investment.It is to promote the rapid development of high-tech industry,emerging strategic industry and advanced manufacturing industry in Liaoning Province,and realize the optimization of industrial structure Important means.This paper first summarizes and defines the concept of the government guided fund,abstracts its four characteristics,then introduces the main operation mode of the current government guided fund and its role in reality,through in-depth analysis and study of the operation status of the government guided fund in Liaoning Province,expounds the specific contents of the government guided fund in four aspects of raising,investment,management and retirement,and finds that it has been operated There are some problems in the process,such as poor investment and financing environment,unclear rights and responsibilities between the government and the market,lack of professional fund management personnel and imperfect exit mechanism.Then compare the experience and lessons of domestic and foreign governments in guiding the development and operation of the fund.Finally,through in-depth analysis,combined with the actual situation of Liaoning Province,the paper puts forward countermeasures and suggestions for the development of Liaoning provincial government guided fund.This paper holds that in the process of operation,Liaoning provincial government’s guiding fund should fully combine the characteristics of Liaoning’s industrial structure,mainly through measures such as opening up the "wealth" road,defining the boundary between the government and the market,strengthening personnel training and improving the way of exit,etc.to form a "fast lane" of guiding fund development with Liaoning’s industrial characteristics,so as to better play the leverage effect of the government’s guiding fund And enlarge the role of industry to achieve leapfrog development.