Study On Operation Mode And Optimization Of Government Guiding Fund In Tai’an City

Government guiding fund is the government macroeconomic regulation and control function,activate the potential market,adjust the economic structure is an important policy tool,reasonable and effective use of government guiding fund can magnify the financial leverage effect,to make up for the short board,to overcome the market failure of social capital,weak links and field support,promoting industrial transformation process.In order to accelerate the implementation of the development strategy of replacing old and new driving forces,the Tai ’an government has set up a TY fund for key enterprises with a total scale of 10 billion yuan,which is used to support the cultivation and development of strategic emerging industries,traditional advantageous industries and "three strong" enterprises in Tai ’an.However,many risks are hidden in the current vigorous development of government guide funds.Therefore,how to optimize the operation mode of government guide funds has become an urgent problem to be solved in the development of government guide funds.Based on combing the learned a lot about the government’s guiding fund operation model,problems,optimization recommendations based on literature,public finance theory,principal-agent theory,the leverage effect theory,the economic cycle theory as the guiding ideology,through on-the-spot investigation interview,typical case study,sums up the methods of analysis,for guiding TY Tai’an City government funds for further study,The research results are as follows: First,tai ’an government guided TY fund is a government guided fund that adopts the limited partnership mode,entrusts fund managers to manage,invests through fund participation,and exits from diversified modes.Second,through the in-depth analysis of the operation process,summed up the existing problems under the current model: social capital participation is not enough,the management boundary is not clear,professional investment ability is insufficient,easy to cause the expansion of government debt,the evaluation system is not perfect;Third,the optimization suggestions are given according to the analysis of the problems found point by point: to drive the investment of social capital through the profit transfer model and high-quality projects;By accelerating market-oriented transformation and gradually reducing the government’s leading role in the direction of management optimization;Improve the efficiency of investment operation by building an information platform,introducing and training talents and developing according to local conditions;By strengthening the integration of target resources and standardizing the withdrawal process,the withdrawal efficiency of government-guided funds can be improved.Through constructing perfect supervision evaluation system and the effective use of the evaluation results to improve the supervision mechanism,to standardize the government guiding fund investment operation,make the government guiding fund really play to accelerate the taian the old and new kinetic energy transformation,realize the guidance to support the development of high quality,as well as other backward area development Suggestions of government guidance fund to provide valuable experience.