Source: China News Agency
Reporter: Xia Bin
The front foot of the country "issued orders", and the local area followed up.
Several policies and measures issued by the General Office of the State Council to promote the high -quality development of entrepreneurial investment were announced on June 19th.Among them, it is clearly mentioned that the role of the entrepreneurial investment fund that the government has invested in is to support strategic emerging industries and future industries through the "parent fund+shares+direct investment" method.
On June 21, Jiangsu Province announced the launch of provincial strategic emerging industrial parent funds, with funds from finance and state -owned enterprises, with a total scale of 50 billion yuan. The fund was positioned as "patient capital".On the same day, Guangzhou released the Angel Mother Fund of 10 billion yuan, relying on the establishment of Guangzhou Golden Control Group.Guangzhou Financial Holdings Group is held by the Guangzhou Municipal People's Government and the Guangdong Provincial Department of Finance, and the shareholding ratio of the Guangzhou Municipal People's Government exceeds 90%.
This means that among the government's parent funds that bloom in China, new funds have entered the market.According to incomplete statistics from China News Agency, since 2023, Qinghai Province, Chongqing, Hangzhou, Hefei, Shenzhen and other places have announced their own government parent funds with a total amount of 100 billion yuan.
How to invest in Jiangsu's new funds this time?It is reported that, with the establishment of the 50 billion yuan parent fund, the establishment of a three -storey fund architecture in Jiangsu Province is completed: provincial parent funds and districts, cities, and provincial enterprises cooperate with three types of industrial special funds.Capital, social capital, insurance funds, social security funds and other cooperation set up a series of industrial funds.
The latest news shows that a total of 14 first industrial special funds planned by Jiangsu Province's strategic emerging industry parent funds, with a total scale of 50.6 billion yuan.Among them, the provincial parent fund contributed 12.65 billion yuan.
All districts and cities have also chosen to dominate the advantageous industries or key development industries as the fund investment direction, such as Nanjing's software information and new power, Suzhou biomedicine, Wuxi integrated circuit, etc.Establish a special industry fund to promote superior strategic emerging industries to further integrate and develop cluster.
According to official information, Guangzhou's 10 billion yuan Angel Mother Fund anchor Guangzhou "3+5+X" strategic emerging industries and future industries, focusing on new fields and new tracks, focusing on the seeds and angel period projects."Mother and Child Fund"+direct investment to attract social capital, long -term capital, and overseas capital to support Guangzhou's strategic emerging industries and future industries.
Specifically, the above industries include the new generation of information technology, intelligent and new energy vehicles, biomedicine and health, intelligent equipment and robots, rail transit, new energy and energy saving and environmental protection, new materials and fine chemicals, digital creativity, etc.
Zhao Xijun, co -dean of the China Capital Market Research Institute of Renmin University of China, told reporters from China News Agency that compared with the investment model of direct investment projects in the past, the government's establishment of a parent fund, the system, system, design and other aspects of the parent fund systemThe arrangements are more suitable, and the degree of marketization will be higher.
"The key is to find excellent talents. Investors who have the ability in a certain field to participate in the management of the fund, there will be more forward -looking and professional vision to judge the project.It will be better. "Zhao Xi said.
It is worth noting that Jiangsu Province specializes in the positioning of this provincial parent fund as "patient capital". What is the meaning of it?
In Zhao Xijun's view, the investment direction of the Jiangsu Provincial Mother Fund is a strategic emerging industry. These industries usually have good development prospects and are future leading industries.However, from the present to the future, the industry must go through different stages of development, grow continuously to mature. Obviously, the investment time of funds will be longer. The positioning of "patient capital" shows that Jiangsu's "long -termism" in cultivating new productivity.
Jin Li, vice president of Southern University of Science and Technology and Dean of the Southern Institute of Science and Technology and Finance, believes that the government needs to adopt a multi -dimensional strategy.First of all, long -term investment culture should be cultivated and investors should pay attention to long -term value, not short -term interests.Provincial parent funds should play a key role in leading this cultural change.
Secondly, the government should adopt policies such as tax incentives, simplify approval, and provide credit support to inspire long -term investment and stabilize social capital.
At the same time, improve the capital market system and provide diversified exit channels for long -term investment, such as mergers and acquisitions, equity transfer, etc. The lack of exit mechanism will hinder the long -term investment of social capital.
