Study on Optimizing the Exit Mechanism of Government Guided Funds Under the Background of New Quality Productive Forces
Under the background of cultivating and developing new quality productive forces,the exit mechanism of government-guided funds faces many challenges in actual operation,and the existing institutional arrangements,such as"early exit",focus on protecting the interests of government contributors,which may lead to an imbalance of interests between them and social capital investors and general partners.In order to maximize the effect of government-guided funds on social capital,the exit mechanism of government-guided funds should be optimized from the perspective of balancing the interests of multiple parties,taking into account the group interests of social capital investors and general partners,as well as the social public interest of supporting the development of emerging industries.Based on the analysis of the perspective of balance of interests,this paper proposes the optimization path of the exit mechanism of government-guided funds from three aspects:firstly,the concept of government-guided funds around the world should further clarify the conditions for the exit of government-guided funds,and secondly,the mechanism should improve the relevant fault-tolerance mechanism and due diligence and responsibility exemption mechanism,and thirdly,it should actively pilot and smooth the exit channels of government-guided funds.
government-guided fundsexit mechanismnew quality productive forcesbalance of interestsoptimization paths