本文選題：私募股權(quán)基金　切入點(diǎn)：新興產(chǎn)業(yè)　出處：《首都經(jīng)濟(jì)貿(mào)易大學(xué)》2012年碩士論文　論文類型：學(xué)位論文

【摘要】：二十一世紀(jì)以來，私募股權(quán)基金進(jìn)入了快速發(fā)展時期，目前已經(jīng)成為了證券發(fā)行和銀行信貸以外的第三大融資方式。我國的私募股權(quán)基金較歐美國家起步較晚，但是增長迅速。民間資本越來越積聚，機(jī)構(gòu)投資者越來越壯大，這些給我國私募股權(quán)基金提供了寬闊的平臺，對于該行業(yè)領(lǐng)域的研究也逐漸升溫。特別是新三板和創(chuàng)業(yè)板的上市，在一定程度上促進(jìn)了我國多層次資本市場的發(fā)展。私募股權(quán)基金的加入則進(jìn)一步完善了我國多層次資本市場。 建國六十年來，，我國的經(jīng)濟(jì)發(fā)生率翻天覆地的巨變，三大產(chǎn)業(yè)的結(jié)構(gòu)也有明顯的變化。目前我國已經(jīng)從傳統(tǒng)的工業(yè)制造業(yè)轉(zhuǎn)向以科學(xué)技術(shù)為主導(dǎo)的產(chǎn)業(yè)發(fā)展路線。2010年10月10日，國務(wù)院以國發(fā)（2010）32號文正式發(fā)布《關(guān)于加快培育和發(fā)展戰(zhàn)略性新興產(chǎn)業(yè)的決定》引起了廣泛的關(guān)注，標(biāo)志著我國產(chǎn)業(yè)要從勞動密集的低端廉價產(chǎn)品轉(zhuǎn)向?yàn)楦吒郊又档目萍籍a(chǎn)品。對于新興產(chǎn)業(yè)的發(fā)展，合理的規(guī)劃必不可少，但其中重要的一環(huán)就是資金投入產(chǎn)業(yè)。如何使資金投入到產(chǎn)業(yè)中，有很多途徑。但是針對新興產(chǎn)業(yè)抵押率低的特點(diǎn)，私募股權(quán)基金則是最好的投資方式。以股權(quán)的方式注入到產(chǎn)業(yè)中，和產(chǎn)業(yè)一同發(fā)展進(jìn)步。 私募股權(quán)基金的成長正好與新興產(chǎn)業(yè)的發(fā)展相互促進(jìn)，形成良好的互促模式。與商業(yè)貸款、發(fā)行債券、IPO上市等融資方式相比,私募股權(quán)拓展了產(chǎn)業(yè)融資渠道，并且具有自己的特點(diǎn)和優(yōu)勢。為加快私募股權(quán)資金投入到新興行業(yè)中，2011年8月財政部、國家發(fā)展改革委制定了《新興產(chǎn)業(yè)創(chuàng)投計劃參股創(chuàng)業(yè)投資基金管理暫行辦法》。政府資金可直接投入到創(chuàng)業(yè)股權(quán)基金或者參股投資基金的方式促進(jìn)新興產(chǎn)業(yè)的發(fā)展。辦法以“政府引導(dǎo)、規(guī)范管理、市場運(yùn)作、鼓勵創(chuàng)新”為原則，鼓勵市場機(jī)制運(yùn)作，自主盈虧。 本文主要探討了私募股權(quán)基金投入到新興產(chǎn)業(yè)后，其能促進(jìn)相互發(fā)展的運(yùn)作機(jī)制。分析了高新科技園區(qū)、三板市場、創(chuàng)業(yè)板、地方產(chǎn)權(quán)交易所等資本市場中，私募股權(quán)基金與新興產(chǎn)業(yè)結(jié)合的模式。此外，以首都北京為例，重點(diǎn)介紹了私募股權(quán)基金與地方經(jīng)濟(jì)互促模式，產(chǎn)業(yè)基金的作用等等。
[Abstract]:Since the 21 century, private equity funds have entered a period of rapid development, which has become the third largest financing method other than securities issuance and bank credit. Private equity funds in China started later than those in Europe and the United States. But rapid growth. Private capital is accumulating more and more, institutional investors are growing, which provides a broad platform for private equity funds in our country. In particular, the listing of the new third board and the growth enterprise market, To a certain extent, it has promoted the development of multi-level capital market in China, and the entry of private equity funds has further improved the multi-level capital market in China. In the 60 years since the founding of the people's Republic of China, the economic incidence of our country has changed dramatically. The structure of the three major industries has also changed markedly. At present, China has shifted from the traditional industrial manufacturing industry to a science-technology-led industrial development route. On October 10, 2010, The decision on speeding up the cultivation and Development of Strategic emerging Industries, officially issued by the State Council in document No. 32 of the State Council, has aroused widespread concern. It marks the shift of China's industries from labour-intensive, low-end, cheap products to high-value-added scientific and technological products. For the development of new industries, reasonable planning is essential. But one of the most important is the investment of capital in the industry. There are many ways to get money into the industry. But in view of the low mortgage rate of the emerging industries, Private equity funds are the best way to invest. The growth of private equity funds and the development of new industries promote each other and form a good mutual promotion mode. Compared with commercial loans, bond issuance and IPO listing, private equity has expanded the financing channels of the industry. And has its own characteristics and advantages. In order to speed up private equity funds into emerging industries, in August 2011, the Ministry of Finance, The National Development and Reform Commission has formulated the "interim measures for the Management of Venture Capital funds involving New Industries". Government funds can be invested directly into venture equity funds or equity investment funds to promote the development of emerging industries. ... Under the guidance of the Government, Standardize management, market operation, encourage innovation "as the principle, encourage market mechanism operation, independent profit and loss." This paper mainly discusses the operation mechanism of private equity fund which can promote the mutual development after it is invested in the emerging industry, and analyzes the capital markets such as high-tech park, third board market, growth enterprise board, local property exchange and so on. In addition, taking Beijing as an example, the paper mainly introduces the mutual promotion mode between private equity fund and local economy, the role of industry fund and so on.
【學(xué)位授予單位】：首都經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.51;F276.44

【參考文獻(xiàn)】

相關(guān)期刊論文 前9條

1 張合金;徐子堯;;私募股權(quán)融資:融資方式的創(chuàng)新[J];財會月刊;2007年06期

2 樊志剛;趙新杰;;全球私募基金的發(fā)展趨勢及在中國的前景[J];金融論壇;2007年10期

3 侯玉娜;李振一;;國內(nèi)私募股權(quán)投資基金發(fā)展思考[J];合作經(jīng)濟(jì)與科技;2007年23期

4 艾西南;;私募股權(quán)基金將開啟我國產(chǎn)業(yè)整合的新時代[J];今日工程機(jī)械;2007年11期

5 周丹;王恩裕;;私募股權(quán)投資基金存在性的經(jīng)濟(jì)學(xué)分析[J];金融理論與實(shí)踐;2007年06期

6 高鎖平;王征南;;私募股權(quán)融資——農(nóng)業(yè)產(chǎn)業(yè)化融資的新途徑[J];江蘇農(nóng)村經(jīng)濟(jì);2006年02期

7 鄭瑋斯;;我國私募基金的現(xiàn)狀及發(fā)展前景[J];中共福建省委黨校學(xué)報;2007年08期

8 卞華舵;;中國私募股權(quán)基金發(fā)展的問題與對策[J];現(xiàn)代企業(yè)教育;2007年13期

9 馮屹;陳學(xué)彬;;企業(yè)年金投資私募股權(quán)基金問題分析[J];新金融;2007年05期

相關(guān)博士學(xué)位論文 前2條

1 向吉英;經(jīng)濟(jì)轉(zhuǎn)型期產(chǎn)業(yè)成長與產(chǎn)業(yè)投資基金研究[D];暨南大學(xué);2002年

2 黃寰;論自主創(chuàng)新與區(qū)域產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化升級[D];四川大學(xué);2006年

相關(guān)碩士學(xué)位論文 前4條

1 莫桂海;創(chuàng)業(yè)投資介入下的高新技術(shù)產(chǎn)業(yè)集群發(fā)育研究[D];暨南大學(xué);2006年

2 陳明珠;私募股權(quán)投資基金發(fā)展研究[D];北京物資學(xué)院;2007年

3 孫薇;歐洲私募股權(quán)資本發(fā)展現(xiàn)狀與經(jīng)驗(yàn)總結(jié)[D];同濟(jì)大學(xué);2007年

4 佘延雙;關(guān)于發(fā)展我國礦業(yè)私募股權(quán)基金的研究[D];中國地質(zhì)大學(xué)（北京）;2007年

本文編號：1650358