In order to deepen the reform of the investment and financing system, promote industrial upgrading and economic structural adjustment, standardize the establishment, operation and supervision of industrial investment funds, and protect the legitimate rights and interests of fund parties, the "Interim Measures for the Management of Industrial Investment Funds" are formulated.

The measure was formulated by the National Development Planning Commission in 2001 but has not been implemented.

At present, the practice of industrial investment funds in my country has been surging, but the relevant legal framework and regulatory system still need to be improved.

Since the "Interim Regulations on the Management of Industrial Investment Funds" proposed by the State Planning Commission in 2001 have not been formally implemented, the current legal framework governing government-led industrial investment funds is classified as private equity funds, such as the "Company Law" and "Partnership Law"

, the Securities Investment Fund Law and the Interim Measures for the Supervision and Administration of Private Equity Funds issued in 2014.

The investment subjects of private equity funds are mostly private investors, such as securities investors and private enterprises. Corporate legal persons are important targets of the private equity fund legal system.

The main investment entities of industrial investment funds are government finance, local government industrial investment platforms and state-owned enterprises at all levels.

Therefore, it is necessary to introduce relevant laws to regulate the raising and operation of industrial investment funds, improve government investment policies and measures, and clarify the fund's launch goal constraints, industrial investment, and other legal persons from the perspective of the main responsibilities of legal persons such as government agencies, associations, and public institutions as investors.

The form of operational organization, etc., to protect the rights and interests of the actual bearer of fund investment (taxpayer), avoid private use of public assets, and ensure the purpose of fund initiation.