In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund

Jiang Shiji

doi:doi:10.11648/j.ijefm.20210905.14

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In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund

Jiang Shiji

Published in International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 5)

Received: 26 September 2021 Accepted: 15 October 2021 Published: 21 October 2021

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Abstract

As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 5)
DOI	10.11648/j.ijefm.20210905.14
Page(s)	193-202
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Small and Medium-sized Enterprises, Government Guided Funds, Follow-up Investment, Investment Exit, Operation Mode

References

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APA Style

Jiang Shiji. (2021). In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. International Journal of Economics, Finance and Management Sciences, 9(5), 193-202. https://doi.org/10.11648/j.ijefm.20210905.14

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Jiang Shiji. In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. Int. J. Econ. Finance Manag. Sci. 2021, 9(5), 193-202. doi: 10.11648/j.ijefm.20210905.14

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AMA Style

Jiang Shiji. In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. Int J Econ Finance Manag Sci. 2021;9(5):193-202. doi: 10.11648/j.ijefm.20210905.14

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@article{10.11648/j.ijefm.20210905.14,
  author = {Jiang Shiji},
  title = {In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {5},
  pages = {193-202},
  doi = {10.11648/j.ijefm.20210905.14},
  url = {https://doi.org/10.11648/j.ijefm.20210905.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210905.14},
  abstract = {As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.},
 year = {2021}
}

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TY  - JOUR
T1  - In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund
AU  - Jiang Shiji
Y1  - 2021/10/21
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210905.14
DO  - 10.11648/j.ijefm.20210905.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 193
EP  - 202
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210905.14
AB  - As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.
VL  - 9
IS  - 5
ER  -

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Author Information

Jiang Shiji

School of Business, Trade and Economic Management, Huzhou Vocational and Technical College, Huzhou, China

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Plain Text BibTeX RIS

APA Style

Jiang Shiji. (2021). In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. International Journal of Economics, Finance and Management Sciences, 9(5), 193-202. https://doi.org/10.11648/j.ijefm.20210905.14

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ACS Style

Jiang Shiji. In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. Int. J. Econ. Finance Manag. Sci. 2021, 9(5), 193-202. doi: 10.11648/j.ijefm.20210905.14

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AMA Style

Jiang Shiji. In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund. Int J Econ Finance Manag Sci. 2021;9(5):193-202. doi: 10.11648/j.ijefm.20210905.14

Copy | Download

@article{10.11648/j.ijefm.20210905.14,
  author = {Jiang Shiji},
  title = {In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {5},
  pages = {193-202},
  doi = {10.11648/j.ijefm.20210905.14},
  url = {https://doi.org/10.11648/j.ijefm.20210905.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210905.14},
  abstract = {As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund
AU  - Jiang Shiji
Y1  - 2021/10/21
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210905.14
DO  - 10.11648/j.ijefm.20210905.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 193
EP  - 202
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210905.14
AB  - As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.
VL  - 9
IS  - 5
ER  -

Copy | Download