Report from our correspondent (full media reporter hai-tao fan) is a comprehensive upgrade of xuzhou city industry development fund operation effect, give full play to their role as the industry funds boost economic transformation and upgrading, in xuzhou city according to the stipulations of the provincial government documents, according to "strengthen apanage responsibility, clear responsibilities, improve fund performance" principle, we will further improve the xuzhou city industrial development fund operation management mechanism.

The establishment of government investment fund is an important measure to deepen the reform of fiscal management system, fiscal expenditure mode and give full play to the decisive role of market in resource allocation. In recent years, the establishment of xuzhou industrial development fund is an important investment layout for the revitalization of xuzhou old industrial base. According to the actual situation of the whole city, the fund has customized the three-layer structure of "guiding fund, mother fund and sub-fund", with market-oriented operation and professional management. Among them, the guiding fund adopts the limited partnership system, with a duration of 7+2 years and a scale of 7 billion yuan. It is funded by the municipal and district governments and does not aim at making profits. Guide the fund to cooperate with financial capital and social capital to establish a parent fund, and make investment through equity or creditor's rights, forming a parent fund group with a scale of 30 billion yuan; Through the establishment of several sub-funds, a sub-fund group with a total scale of 100 billion yuan will be formed to promote the construction of xuzhou regional industrial science and technology innovation center, advanced manufacturing base and modern service industry highland.

After several years of exploration and practice, xuzhou industrial development fund has become an important role in improving regional development competitiveness and promoting high-quality development. As a system innovation, it is difficult for government fund management not only to minimize the risk of financial capital, but also to fully mobilize the enthusiasm of social capital and maximize the benefits. Relevant aspects still need to be improved.

For the comprehensive promotion of xuzhou city industrial development fund operation effect, boosting industrial economic transformation and upgrading, the city government issued a few days ago "about further perfecting the mechanism of xuzhou city industrial development fund operation management notice", according to the measures for the management of government investment fund in jiangsu province regional development of the jiangsu province government investment fund fund operation plan and other documents, in accordance with the "enhanced apanage responsibility, clear responsibilities, improve fund performance" principle, further improve the xuzhou city industrial development fund operation management mechanism.

The new regulation defines the main responsibility of xuzhou industrial development fund management. According to introducing, xuzhou city industry develops fund to the county of project seat (city), district government or its authorize main body to initiate establish for main body, city industry develops guide fund to participate in establishing contributive. Each county (city), district government or its authorized subject shall perform the main responsibility as the initiator, apply for fund establishment according to the local industrial layout and development needs, and play a leading role in the whole process of establishment, operation and management of follow-up funds; Adhere to market operation, professional management, preferred fund managers, supervision of the actual operation of the fund and the use of funds, to ensure the safe and efficient operation of the fund.

According to the industry nature and industrial characteristics of the project to be invested by the fund, the municipal guiding fund will study whether to participate in the establishment of investment based on the fit between the project and the industrial development direction of xuzhou city. The investment scope of the fund initiated and established by the municipal guiding fund is mainly projects within the administrative area of the whole city, with the focus on supporting the industrial transformation and development of xuzhou.

In terms of operation, the investment shares of the municipal guiding fund can be authorized to be managed. Around to fully embody the government's leading role, enhance the efficiency of the fund management and city guide fund part may authorize earthly government or its authorized on behalf of the management of the main body, its share of the management, supervision, performance appraisal, and excess income distribution suggest that such rights shall be authorized to earthly government or its authorized entity. The authorized subject is generally a limited partner authorized by the local government to contribute to the project fund. The local government or its authorized subject should perform the responsibility of credit increase and guarantee for the security of the contribution share of the fund guided by the city.

Specify the proportion of municipal guiding fund in the project fund. According to the scale and characteristics of the project fund, the strength of the management team, and the contribution to the industrial development of xuzhou city, the investment proportion of the municipal guiding fund shall be determined according to the current financial management system. Adjusted the city industry development guide fund management decision-making committee members. The mayor shall be the director, and the deputy mayor in charge shall be the deputy director. The relevant departments of the municipal government, the governments of counties (cities), the economic development zone of xuzhou and the administrative committee of xuzhou high-tech zone shall be the members.

At the same time, the new regulation establishes and improves the performance evaluation system of municipal guiding funds. In order to prevent and dissolve risks effectively, the management measures of fund withdrawal and termination were strengthened.

Source: xuzhou daily