On November 2, the third China enterprise reform and development BBS issued "high quality development report of central enterprises" in the state development investment group co., LTD. Sub-report shows that the state advanced manufacturing industry investment fund phase ii has been established, raising 50 billion yuan. The establishment of the second phase of the fund will accelerate China's manufacturing industry towards the middle and high end of the global value chain, and promote China's transformation from a manufacturing power to a manufacturing power, and from a manufacturing power to a creation power. It is reported that the initial 20 billion yuan fund has been invested in rail transit equipment, industrial robots, new energy vehicles and other fields, supporting a number of advanced manufacturing enterprises such as ningde times, Shanghai lianying and cimc rafs. For example, ningde era, which was just established in 2011, saw its shipments of power batteries reach 21.3GWh in 2018, a 97.2% increase over 2017, and its market share of power batteries in the world was 21.9%, 0.5 percentage points higher than that of panasonic. It became the first lithium battery manufacturer to enter the supply chain of top international automobile companies. It was successfully listed on chinext in 2010 and became a "super unicorn" enterprise, with its maximum market value once exceeding 200 billion yuan. Other companies backed by industrial investment funds have also done well.

This also means that the national level to set up the advanced manufacturing industry investment fund, the crucial moment of the economic transformation in China, have played a lubricant engine, even to the transformation of the new advanced manufacturing enterprises and is, need to transition, to transform the traditional manufacturing enterprises, can be directly assigned to the fu can directly, cannot be directly assigned to indirectly promote. In particular, the newly established advanced manufacturing enterprises directly provide fuel support, making their upward momentum, explosive force and shock force stronger.

The fact is, if China's economy is to fully transform, if it is to truly transform from a manufacturing power to a manufacturing power, and from a manufacturing power to a manufacturing power, it is far from enough without sufficient policy and financial support. From the perspective of policies, we should say that there is ample supply of them. Especially after the 19th national congress put forward the transformation of China's economy from high-speed growth to high-quality development, a series of policies have been introduced to promote economic transformation and enterprise transformation. The key is to see how to implement the operation level, operation level can find the foothold of enterprise transformation needs, can grasp the key, highlight the key.

Obviously, an industrial investment fund should be established to make strategic, venture and tactical investments in industries and enterprises in need of key support. On the one hand, to solve some enterprises in the process of development may encounter financial problems. Because, for quite a number of advanced manufacturing enterprises, science and technology enterprises with market potential, especially newly established enterprises, capital is the biggest problem. Moreover, these enterprises are often asset-light enterprises, which need further test by the market and can hardly get full support from Banks. If the industrial investment fund can get involved in time, the development of these enterprises is quite beneficial, and the effect will be very obvious. On the other hand, once an enterprise is supported by the national industrial investment fund, its influence in the market will be greatly enhanced, and the trust of investors and consumers will also be rapidly enhanced, which will play a very important role in the development of the enterprise. On this basis, the safety and growth of the industrial investment fund itself will generate a strong impetus, will become bigger, stronger and more confident.

From the actual situation, since the national integrated circuit industry investment fund was first established in September 2014, the national investment fund has grown rapidly in the past few years. According to incomplete statistics, up to now, more than 10 state-level investment funds have been set up and distributed, with over one trillion yuan in place in the first phase and over two trillion yuan in the future. Such as state-owned enterprise structural adjustment fund, state-owned capital venture capital fund, central enterprise state innovation investment guide fund. Especially the national integrated circuit industry investment fund, the size of the second phase is up to more than 200 billion yuan. The investment fund for advanced manufacturing industry in the two phases has a total scale of 70 billion yuan, and the second phase is 2.5 times the size of the first.

It should be noted that since national industrial investment funds are mostly established by central enterprises, it is also a question that needs to be studied and solved whether the central enterprises or their cooperative enterprises should be the main part in the investment process. Because, if the central enterprises or state-owned enterprises are also the majority, the role of fund establishment cannot be fully played, and the efficiency of fund use cannot be maximized. Therefore, the investment and use of the fund should be market-oriented and open to all advanced manufacturing industries, state-encouraged industries and enterprises, and key industries and fields. In particular, enterprises and products with good market prospects, core competitiveness of their products, and internationally advanced technology should be supported and encouraged. Only in this way can enterprises under other forms of ownership, including advanced manufacturing enterprises, especially private enterprises, enhance their confidence and invest more efforts to realize enterprise innovation. After all, enterprises are the main source of innovation, and China's current enterprises are mainly private enterprises. Without the active participation of private enterprises, it is difficult to make breakthroughs in innovation, to achieve economic transformation and industrial structure optimization, to transform from made in China to created in China, and to transform from a manufacturing power to a manufacturing power.

Therefore, we must give full play to the role of lubricant of the state industrial investment fund and, when necessary, give full play to the role of engine for specific enterprises, so that these enterprises, with the support of the state industrial investment fund, can stimulate new innovation impetus, new development potential and new market explosive force.

Source: HeXun