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我国产业投资基金的特征、问题与对策

编者按:

  当前,我国产业投资基金规模巨大、关联性强,对创新创业、产业发展产生重要影响,但同时也呈现出野蛮生长、功能异化和风险持续累积等问题,虽然2018年至2019年的规范整顿取得积极进展,但产业投资基金的稳健运行、规范运作和功能完善仍然任重道远。

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  我国产业投资基金的发展状况

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  我国产业投资基金的优势与重要特征

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  我国产业投资基金面临的问题

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  促进产业投资基金发展的政策建议

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人人专区人人免费香蕉  3.chanyetouzijijindeyunyingyaoshizhongjianchishichanghuayuanze。chanyetouzijijindezuoyongzhuyaotongguoshichangjizhilaifahui,qirichangguanlihetouziyunzuoyibanzhuyaoyituozhuanyexingdetouzijigou,yongshichanghuafangshilaishixianyunying,zhengfuhenshaoganshejijinshijiguanlirendejingyinghetouzi。zuiweiqiangdiaozhengfujiaosedeyiselieyozmajijin,zuihoushizhengfuzhudongsiyouhuagaijijin,xinjiapozeshitongguoguojihua、zhuanyehuadeguanlituanduilairuohuazhengfudeqianzaiyingxiang。muqian,zaiwoguochanyetouzijijinyouqishizhengfuchuzidechanyetouzijijinhuozhengfutouzijijinzhong,zhengfuduiyujijinyunyingcanyuguoduoshenzhiguoduganyujiaopubian,zheijizhengfuzhinengdingwei、chanyejijinzhiliheguquantouziyunzuodoudailaifeishichanghuadeyueshu。

  4.jiangyaosuronghehechanyejijuzuoweichanyetouzijijindejichumubiao。chanyetouzijijinbenzhishangshichanrongjiehe,jianguchanyefazhanhejinrongzibendeshuxingronghe,zuizhongshixianyaosujiju、chanrongjiehe、chanyeshengjidemubiao。chanyetouzijijinfazhanduiyuchanyedingweihechanyebujujuyouzhanlveyiyi,shijiegouzhuanxingdefangxiangzhiyinhejuecejichu。chanyetouzijijinjianguxinxingchanyefazhanhechuantongchanyeshengji,xuyaokaolvgediqudechanyejiegouheziyuanbingfu,zhongzaihangshigedijingjifazhandechanyezhuanxingshengjijichu,yicujingaozhiliangzhuanxingfazhan。chanyetouzijijinxuyaozhuanyehua、jingxihuaheshichanghuayunzuoweizhicheng,bingbushisuoyoudiqu、chanye、xiangmudoushihecaiyongchanyetouzijijindefangshilaiyunzuo。yinci,chanyetouzijijinyingzhiliyushixianyaosuronghehechanyejiju。

人人专区人人免费香蕉  (er)jiaqiangduichanyetouzijijindeguanli

  1.jianquanxiangguanfalvguifan,bimianduotouguanli。zhongyangzhengfuyingjinyibujianquanxiangguanfalvfaguilaicujinchanyetouzijijindefazhan,guowuyuanyingxiediaoxiangguanbumenliqingzhengfutouzijijin、zhengfuchuzichanyetouzijijinjiqitaleixingjijindeneizaiguanlianxing,bingchutaitongyizhiduguifan。xiangguanguanlibumenyingjianquanfalvguifan,qianghuayindaogongneng,zhuzhongshichangguilv,youxiaofangkongfengxian,baozhangchanyetouzijijinwenjianyunxing,cujinchanyechuangxin、jiegoushengjihegaozhiliangfazhan。

人人专区人人免费香蕉  2.zhuzhongyindaogongneng,bimianxiangmuhuayunzuo。chanyetouzijijingongnengzaidingweijihuiguitouzijijinbenyuanyouliyufangfanchanyejijindegongnengyihua。zhongyangzhengfuyaozhongdiankaolvchanyetouzijijinshifouxuyaohuonenggouchengdanjichusheshi、gonggongfuwu、zhufangbaozhang、jichuchanye、quyuronghedengyindaogongneng,duichanyetouzijijindetouxiangshezhitouzizhinan。zaidingweishang,yaomingquechanyetouzijijinshichanyefazhandejichuxingjinrongzhichigongjuzhiyi,zhuyaotixianzhengfuzaichanyezhuanxinghejiegoushengjifangmianshifangdezhengce“xinhao”gongneng。

人人专区人人免费香蕉  3.qianghuachanyeshuxing,bimianchengweikonggugongsi。zhengfuyingqianghuachanyetouzijijindechanyeshuxing,jiyushitijingji、jingjijiegouhechanyeyouhuadeneizaiguanlianxing。gediyaojieheshiji,zhongdiankaolvjijintouxiang,zhongdianfahuiqizaichanyeyaosujijuzhongdeyindao、fangdaheyouhuazuoyong,chufadianheluojiaodiandoushichanyeyouhua、chuangxinfazhan。fangzhichuxianyichanyetouzijijinweiming,yidifangpingtai、guoyouqiyedengguquanweibiaode,xingchengdifangjinrongkonggujituanhuoyihuade“mujijin”,fangzhijijintuoshixiangxu。

  4.bingchengshichanghuayuanze,fahuishichangzhudaoxing。shichanghuayuanzeshichanyetouzijijinzhangqikechixufazhandejichu,yaojinyibufahuishichangzaichanyetouzijijinfazhanzhongdejuedingxinghezhudaoxingzuoyong。yishijiejianguojijingyan,fahuizhengfuzaijijinchuzi、chanyeyindao、zhiduwanshanjifuwutigongdengfangmianjichugongneng。ershijianchishichanghuayuanze,tongguojijinguanlirenshixianzhuanyehuayunzuo,zhengfubunengzhijiecanyuhuoganyujijinrichangyunxing。sanshifahuishichangdejuedingxingzuoyong,bimiantanpaizhengfujigou、qiyechengweichanyetouzijijindeshizhiguanliren。sishijijinguanlirenyaochengdanshichanghuadefengxianfentanzeren,bunengjiangjijinyunzuodeshibaihewentijiandanguijiuyuzhengfu。

  5.shenhuajinrongjianguan,qianghuafengxianguankong。yingtongguoshenhuajinrongjianguan,wanshanchanyetouzijijindengjiyuxinxitongjixitong,jianquanchanyetouzijijingongnengjianguanzhidu,qianghuadifangzhengfuzhaiwufengxianguankongzhutizeren,shichanyetouzijijinjitouzihuiguichanyeshengji、jiegouyouhua、chuangxinqudongdebenyuan,fangzhichuxiangezhongxingshideweijijin,gaodujingtichanyehezibenheerburong、fengxianwaiyi、gongnengyihua、gongsizhilibuguifanhecaiwuyunzuobuwenjiandengfengxian,zhongdianfangfanchanyetouzijijindezichanfuzhaibiaofengxian、difangzhengfuyinxingzhaiwufengxianjijinrongtixineizaiguanlianxingfengxian,quebaochanyetouzijijinwenjianyunxing,shixianchanyejiegoushengjiheshouzhufengxiandixiandeyouxiaopingheng。

来源:金融时报-中国金融新闻网 作者:郑联盛 夏诗园 葛佳俐

2020年05月13日

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