Design Of The Government-guided Fund Operation Mode Of Dongbuzhou Venture Capital Company

At the end of 2001,the first government-guided fund "Zhongguancun Venture Capital Guide Fund" was officially established in Beijing.The operation mode of "Zhongguancun Venture Capital Guide Fund" is established by Beijing Zhongguancun Management Committee,and operated by Beijing Zhongguancun Venture Capital Development Center(Co.,LTD.).After the market-oriented operation of the management company,the guiding fund has achieved remarkable results,attracting a large number of social funds to invest in high-tech enterprises in the park,playing a positive role in promoting independent innovation The emergence of Zhongguancun government guide fund is a pioneering work,which has laid a good foundation for the development of government guide fund in China.In the past two decades,the operation mode of government-guided funds has evolved and played an important role in promoting industrial upgrading of enterprises and improving industrial efficiency.Dongbuzhou Venture Capital Company is a state-owned investment company in Haimen District,the main business for venture capital and equity investment business.Haimen District vigorously develops science and technology finance,entrusts Dongbuzhou Venture Capital Company to operate Haimen government guide fund.Although the company has rich experience in direct investment projects and sub-fund cooperation,it has no experience in operating government guided funds.Therefore,Dongbuzhou Venture Capital Company actively explores the operation mode of government guided funds,and creates the operation mode suitable for Dongbuzhou Venture Capital Company’s government guided funds by learning from the operation experience of government guided funds in advanced regions in China.This is the content and background of this paper.Through literature and case study analysis,this paper objectively analyzes the existing operating conditions of Dongbuzhou Venture Capital Company based on the relevant concepts and theoretical regulations of government-guided funds.At the same time,the paper analyzes the environment of Haimen government guide Fund,combines the current development advantages and disadvantages of Dongbuzhou Company and the existing operation basic conditions,and takes the "Guidance Opinions on the Standard establishment and Operation of Venture Capital Guide Fund" issued by the Ministry of Finance and the Ministry of Science and Technology on October 18,2008 as the basis for the establishment and operation of the operation mode.To study and formulate the operation mode of Haimen government guide fund under the management of Dongbuzhou Venture Capital Company.Since the government guide Fund of Dongbuzhou Venture Capital Company has not been formally established and operated,it lacks specific data support.However,the paper tries to choose the operating data of similar companies for comparative analysis,so as to make up for the lack of data.