首页|政府引导基金退出机制新探索——基于S基金视角

政府引导基金退出机制新探索——基于S基金视角

扫码查看
政府引导基金作为引导、聚集社会资本扶持创新企业的政策性基金,已经成为股权投资市场的重要力量,但其在十多年的增量培育下,面临着严重的退出危机.S基金在退出需求激增和政策刺激的双重背景下急速发展,其良好的发展势头之下同时存在市场体量小、专业投资机构少、交易体系不完善等问题,针对以上问题,结合现有情况,文章从S基金交易主体建设、容错机制构建、生态体系完善三方面为完善政府引导基金退出新渠道提出对策建议.
The New Exploration of the Withdrawal Mechanism of Governmen-led Fund——A Basis of the Secondary Fund
As a policy-based fund to guide and gather social capital to support innovative enterprises,the government-guided fund has become an important force in the equity investment market.However,more than a decade of incremental cultivation,it is faced with a withdrawal crisis.So Secondary fund has rapid development under the background of surging withdrawal demand and polocy stimu-lus.A series of issues arise;a small number of markets,few professional investment institutions,imperfect trading system.In respond to the above problems,combined with the existing situation,the article proposes countermeasures and suggestions for improving the new channel of the government-guided withdrawal fund from three aspects:secondary fund trading subject construction,fault tolerance mechanism construction,perfecting ecological system.

government-guided fundsecondary fundprivate equity investmentsecond-hand share trading

刘小燕、杨贾、雎华蕾

展开 >

陕西省科技资源统筹中心 陕西科技控股集团有限公司,西安 710077

西北政法大学 经济学院,西安 710122

政府引导基金 S基金 私募股权投资 二手份额交易

陕西省科技厅软科学计划一般项目陕西省科技厅软科学计划一般项目西北政法大学研究阐释党的二十大专项项目

2023-CX-RKX-1832023-CX-RKX-0702022ZX11

2024

陕西行政学院学报
陕西省行政学院

陕西行政学院学报

CHSSCD
影响因子:0.243
ISSN:1673-9973
年,卷(期):2024.38(1)
  • 14