Study On The Problems And Countermeasures In The Internal Control Of The Operation Of JXCT Government Guidance Fund

In academic area,compared with the number and depth of literature on internal control of enterprise operation and the research objects of internal control of fund operation,the number of literature on internal control of equity investment fund operation is relatively low.And scholars are mainly focusing on the optimization and improvement of internal control of equity investment fund market-oriented operation.There are few studies on internal control of equity investment fund operation initiated by government and social capital cooperation invested funds.As a consequence,the study on the internal control of equity investment funds established by the government and social capital cooperation appears to be less and weaker.Since 2002,Beijing municipal government platform company launched a Zhongguancun Venture Capital Fund,which has led a vigorous increase in numbers of government-guided funds in China.Today,the role of government-guided funds in government promoted economic development has become increasingly significant.Nowadays,the capriciously epidemic is making a strong impact on social activities,which resulting a decline in the growth rate of economic development.As a result,the stabilization of economic growth is crucial to the national economic development,and it requires the government to take a variety of fiscal and financial measures to support economic development,inculding the use of funds,leverage,attract private capital to follow goverment capital investment,develop social economy,etc.However,with the rapid expansion of the scale and number of funds,problems such as lack of use in capital investment,explicit shares and real debts,and low capital return rate.According to this,the dissertation uses the JXCT government-guided fund as an example and takes the internal control of the fund operation as the research object.Tring to guide the government-guided fund by improving the internal control system.Therefore enriching the exploration and discussion on the internal control of goverment-guided funds.This dissertation firstly analyzes the research results on the internal control of general enterprises and the internal control of private equity funds in the market,especially the theoretical research on the internal control of equity investment funds by scholars.Secondly,auther will construct a theoretical framework to study the internal control of government-guided fund operation by combining the job responsibilities and major risks of each section of equity investment fund operation.After that,based on the process of JXCT government-guided fund operation,auther will use this framework to analyze the current situation of JXCT government-guided fund operation from five aspects of internal control.Besides,auther will pointing out the causes of the neglecgence in the role of industry guidance,low quality of due diligence,low quality of information disclosure,unscientific division of labor,and large risk exposure in the agreement.Finally,auther will try to improve the improve the internal control of JXCT government-guided fund operation in terms of control environment,information communication system and contract system.In the end of the dissertation,auther will propose several methods to to improve the fund investment management effectively and reduce the probability of internal control failure.