政府引导基金

我国发展风险投资政府引导基金模式研究

Research on China Developing Venture Capital Through Government Guiding Fund Model

日前，上海市发展改革委正在制定《上海市创业投资引导基金管理暂行办法》（征求意见稿），上海市静安区也正在积极研究政府引导基金设立模式。

Currently , Shanghai Development and Reform Commission has been formulating Interim Administrative Measures for Venture Capital Guiding Fund of Shanghai ( Comments to be received ) . Jing ' an district has also been engaged actively in the process of establishing a government guiding fund .

第五章，构建政府创投引导基金绩效评价的体系。

The fifth chapter is building government performance evaluation system of venture capital fund .

第六章，政府创投引导基金绩效评价的案例分析以及对策研究。

And the sixth chapter is case analysis of government performance evaluation of venture capital fund and countermeasures .

第二章，阐述政府创投引导基金绩效评价的相关理论基础，包括相关概念的界定和相关理论基础的内容。

The second chapter is the government investment fund performance evaluation theory , including definition and theory based on the concept of content .

通过新制度经济学的视角，分析并建立了政府风险投资引导基金中的基金管理人的代理制度、激励约束制度及风险控制机制。

Through the perspective of new institutional economics , the agent system of fund managers , incentive system and risk control system are analyzed and established .

并以此为基础，从投资效益和政策效益两个方面，构建我国政府创业投资引导基金的效益评价指标体系，利用层次分析法确定指标权重。

Bases on this , an achievements evaluating indicator system was built from both investment benefits and policy benefits , and takes advantages of analytic hierarchy process to calculate the weight of indicators .

海外国家创业投资引导基金的运作模式主要包括两种：参股支持模式与融资担保模式，在我国，绝大部分的政府创业投资引导基金采取的是参股支持模式。

There are mainly two modes of Venture Capital Leading Fund overseas : joint stock and guaranteed financing . And in China , the vast majority of Venture Capital Leading Funds adopts the joint stock mode .

政府风险投资引导基金通过有效集聚社会与民间资金，扩大创业风险投资资本总量，对创业初期企业提供部分资金支持和信用担保，促进了创业风险投资业和本国经济快速发展。

By effectively gathering social capital and private funds , government venture capital fund of funds extend the amount of the venture capital , provide some financial support and credit guarantee , which promote venture capital industry and national economy into rapid development .

综观现有的政府干预引导计划，基金规模不大，并且分散，投资大多集中于科技行业，覆盖面不够广泛。

Throughout the existing government intervention in the lead , the fund size , plan and dispersion , investment in science and technology industry , the most concentrated coverage .