Research on the Innovation and Development of China's Government Guide Funds
Under the urgent needs of the real estate industry to return to the attributes of living and consump-tion and high-quality development,the transformation of land finance to equity finance has become an inevitable trend.In recent years,governments around the world have taken the establishment of a new mechanism of govern-ment and social capital cooperation and the improvement of the effectiveness of financial services as an important policy guidance,which on the one hand can cultivate the local industry and realize the development of the regional economic breakthrough,and on the other hand can further support the growth of strategic emerging industries.However,there are still a lot of problems in the development of government guide funds,this paper analyzes the current situation of its development on the basis of combing and summarizing the various operational modes,re-form trends,problems and dilemmas in the development of the government guide funds.This paper proposes to clarify the boundaries between the government and the market and strengthen the market-oriented operation mech-anism,develop industrial clusters based on regional comparative advantages,consolidate the foundation of digital science and technology to improve the level of fine management,and improve the incentive and constraint mecha-nism so as to open up the chain of capital circulation.
government guide fundsfund managementgovernment investmentequity investmentgovern-ment and social capital cooperationlocal government debtequity financestrategic emerging industries