250 billion yuan
Focus on investment
6 major fields
● Infrastructure construction ● Top 100 billion industries ● New urbanization construction ● Cultural tourism projects ● Urban renewal ● Investment attraction and mergers and acquisitions.
There are many investment concessions.
● Invest in major project library projects
All proceeds are transferred.
● The fund is large in scale.
Reduce the proportion of subscribed capital contribution
● Private equity funds have settled down.
Maximum subsidy150,000 yuan. The newspaper reported on April 9 (Reporter Wang Bin) that this morning, the promotion meeting and signing ceremony of Jinan New and Old Kinetic Energy Conversion Fund held by the municipal government was held. Wang Zhonglin, Deputy Secretary of the Municipal Party Committee and Mayor, attended the event.
Accelerating the conversion of old and new kinetic energy is a major decision of the CPC Central Committee and the State Council, and it is the responsibility of the provincial party committee and government.
This major strategic deployment is a major historical choice for Jinan's economic and social development, which is of great significance. At the beginning of this year, the State Council officially approved the overall plan for the construction of the new and old kinetic energy conversion comprehensive experimental zone in Shandong. As an important "one core" of Shandong's "three cores leading" the transformation of old and new kinetic energy, Jinan has been given the heavy responsibility of planning and building a pioneering area for the transformation of old and new kinetic energy at a high level. The municipal party committee and municipal government attach great importance to this, and set 20 18 as the first year of the construction of the pioneer area for the conversion of old and new kinetic energy, and regarded the construction of the pioneer area as one of the "four major battles", and proposed to promote the construction of the pioneer area for the conversion of old and new kinetic energy with the help of the whole city. At present, the draft master plan (20 18-2035) for the new and old kinetic energy conversion pioneer area in Jinan has been compiled and officially announced to the public.
At this promotion meeting, our city initiated the establishment of Jinan New and Old Kinetic Energy Conversion Fund with a total scale of not less than 250 billion yuan. The fund adopts a three-level linkage investment structure of government-guided fund, parent fund and sub-fund. Among them, at the first level, the municipal, county and district finances invested 30 billion yuan to set up a government guidance fund for the conversion of old and new kinetic energy; The second level attracts social capital investment from financial institutions, enterprises, etc. by guiding fund injection, and strives for the support of old and new kinetic energy conversion funds in Shandong Province, forming a parent fund group with a scale of not less than 654.38+000 billion yuan; On the third level, the parent foundation incites all kinds of social capital by investing in several sub-funds. After three to four years, the total size of the fund will not be less than 250 billion yuan. The fund will focus on infrastructure construction, 100 billion industries, new urbanization, cultural tourism projects, urban renewal, investment promotion, mergers and acquisitions.
At the meeting, Zhuhai introduced new and old key investment projects of kinetic energy conversion, and signed cooperation framework agreements with representatives of fund companies, financial institutions and project companies.
Xu Qun, member of the Standing Committee of the Municipal Party Committee and vice mayor, Li Zijun, deputy mayor, Wang, vice chairman and chairman of China National Heavy Duty Truck Group, and Mao Huaming, secretary general of the municipal government attended the event.
Investment structure
In principle, the proportion of industrial venture capital, new urbanization, cultural tourism, investment attraction, merger and reorganization funds shall not be less than 70%, and the proportion of infrastructure and urban renewal funds shall not be higher than 30%.
Investment proportion
The proportion of guiding funds to invest in parent funds should be treated differently according to the positioning of parent funds, the difficulty of raising funds and other factors;
The parent fund's investment in a single sub-fund generally does not exceed 40% of the total size of the sub-fund;
In principle, the investment of a sub-fund in a single enterprise shall not exceed 20% of the total fund size.
Investment region
In principle, the parent funds of infrastructure, new urbanization, cultural tourism and urban renewal will invest in Jinan projects;
The proportion of parent funds such as industrial venture capital and investment mergers and acquisitions with a high proportion of funds outside the city is not less than 70%.
The establishment of a new and old kinetic energy conversion fund with a total scale of not less than 250 billion yuan in our city has aroused widespread concern. How will the fund operate, what areas will it invest in and what benefits will it have for Jinan? The reporter conducted an in-depth interview on this.
Building a modern green and intelligent new city in the pioneering area
2065438+0810.3, 18, the State Council approved the overall plan for the construction of a comprehensive experimental zone for the conversion of new and old kinetic energy in Shandong, which was the first regional national development strategy approved after the 19th National Congress and the first regional development strategy with the theme of conversion of new and old kinetic energy in China.
In order to implement the deployment of the central government, the provincial party committee and the provincial government, our city is planning and constructing the pioneer area of transforming old and new kinetic energy along the Yellow River with high starting point, high standard and high level, gathering intensive innovative factor resources, developing high-end and efficient emerging industries, creating a new platform for open cooperation, innovating urban management mode, comprehensively upgrading infrastructure and public services, and building a modern green and smart new city.
Regarding the idea of transforming old and new kinetic energy, our city proposes that the first thing is to connect with the province and adhere to the development path of "four modernizations" and "four modernizations". By developing new technologies, new industries, new formats and new models, we will promote the industrial intelligence of traditional industries, the intelligent industrialization of emerging industries, the cross-border integration of primary, secondary and tertiary industries, and the high-end brand of enterprises, industries, regional brands and geographical indications. Give priority to the development of major industrial projects closely related to the "5+5" top ten strong provinces and Jinan's "10 billion industries". Build a modern provincial capital city that is "big, strong, beautiful, rich and connected", build a new highland for innovation and entrepreneurship in Beijing and Shanghai and a new highland for headquarters economy, and build an important regional economic center, financial center, logistics center and scientific and technological innovation center in China. Second, we must firmly establish the concept of "project first" and pay attention to cohesion and promotion. Further strengthen project awareness and project thinking, focus on projects, and pay close attention to projects, especially those with strong agglomeration ability and good economic benefits, which are conducive to the city's industrial transformation and upgrading, and the conversion of old and new kinetic energy. We must advance quickly, solve problems and provide quality services. Third, accelerate the innovation of system and mechanism, and make full use of the right to reform, experiment and advance. Demonstrate in reform and opening up, innovation, "four innovations" economy, urban governance, etc., and strive to create a streamlined and efficient government ecology, a vibrant innovation and entrepreneurship ecology, a natural ecology that highlights charm, and a social ecology that is honest and ruled by law.
The establishment of the fund highlights specialization, regionalization and industrialization.
According to the person in charge of the financial department, the establishment of the new and old kinetic energy conversion fund is an important measure for our city to implement the State Council's reply on the overall plan of building a comprehensive experimental zone for the conversion of new and old kinetic energy, a key measure to implement the spirit of the mobilization meeting of major projects for the conversion of new and old kinetic energy in the province, to accelerate the "1+454" system in Jinan, and to plan and build a national pioneering zone for the conversion of new and old kinetic energy with high standards and high levels.
In order to set up Jinan's new and old kinetic energy conversion fund, the Municipal Finance Bureau and China Development Finance Co., Ltd., in accordance with the operating ideas of "investment and loan cooperation" and "integration of industry and finance", highlight the characteristics of specialization, regionalization and industrialization, and mainly grasp three principles. First, government guidance and market operation. City, county and district governments arrange special financial funds to integrate existing government investment funds, and at the same time incite the market-oriented operation of social capital, so that professionals can do professional things. The second is openness and transparency, openness and tolerance. The fund is publicly raised to the public, and a number of incentive policies are comprehensively used to relax the investment threshold of the fund, treat all kinds of investors equally, and open the door to welcome all social capital to participate. The third is to comply with the law and prevent risks. Formulate fund plans and management methods, implement all-round management of fund investment direction, investment decision-making, income distribution, risk control, assessment and supervision, and improve the standardization level of funds.
Duration of the fund The establishment period of the parent (subsidiary) fund is 10-25 years.
In the way of fund establishment, the city adopts a three-level linkage model to build the overall structure of the fund. The fund adopts a three-level linkage investment structure of government-guided fund, parent fund and sub-fund. Among them, at the first level, the municipal, county and district finances invested 30 billion yuan to set up a government guidance fund for the conversion of old and new kinetic energy; The second level attracts social capital investment from financial institutions, enterprises, etc. by guiding fund injection, and strives for the support of old and new kinetic energy conversion funds in Shandong Province, forming a parent fund group with a scale of not less than 654.38+000 billion yuan; In the third stage, the parent fund invests in several sub-funds, leveraging all kinds of social capital, and it takes 3-4 years to form a total fund scale of not less than 250 billion yuan.
Our city has established a perfect capital investment mechanism. In terms of investment methods, equity investment is the main investment. Guide the fund to focus on supporting the establishment of the parent fund, but also according to the need to invest in sub-funds, if necessary, can directly invest in key projects identified by the municipal party Committee and the municipal government.
The parent fund can set up a sub-fund through subscription share, equity participation or capital increase, and can also arrange funds with a proportion not exceeding 50% to directly invest in key projects of new and old kinetic energy conversion in this city.
In order to standardize the fund operation mode, our city mainly adopts the form of limited partnership, with each investor as a limited partner (LP) and the fund management company as a general partner (GP). In terms of fund management, a guiding fund management company is established to be responsible for guiding fund management and fund supervision of parent (subsidiary) companies; The parent fund can flexibly adopt "single GP" mode or "double GP" mode for market-oriented operation and management.
In terms of fund term, the parent (subsidiary) fund is established for 10-25 years. If there are still projects that have not withdrawn after the expiration, the implementation period may be extended. In the fund income distribution, according to the principle of "income * * *, risk * * *", according to the agreement of the fund participants.
Focus on six major areas, including ten billion industries.
What areas will the fund invest in? Our city clearly put forward that Jinan new and old kinetic energy conversion fund should focus on supporting six major areas. First, support infrastructure construction. Focus on infrastructure projects such as railways, highways, bridges, rail transit, airports and public services. The second is to support the top ten billion industries. Focus on the "big data and new generation information technology, intelligent manufacturing and high-end equipment, quantum technology, biomedicine, advanced materials, industrial finance, modern logistics, medical care, cultural tourism, scientific and technological services" and other 100 billion strong industries determined by the municipal party Committee and the municipal government. The third is to support new urbanization. The focus is on gas supply, water supply, heat supply, sewage purification, garbage disposal, ecological environment protection, medical care, education, culture, sports, old-age care and other fields. The fourth is to support cultural tourism projects. Focus on tourism infrastructure construction, scenic spot development, smart tourism, boutique tourism and so on. The fifth is to support urban renewal and transformation. The focus is on the transformation of shanty towns, villages in cities and land acquisition and demolition. Sixth, support investment and mergers and acquisitions. Focus on supporting investment, encourage enterprises to carry out mergers and acquisitions, and attract overseas funds to invest in key projects in our city.
There are many concessions to maximize the benefits of social capital.
In order to promote the conversion of old and new kinetic energy, our city has also put forward a series of preferential policies.
Our city proposes to maximize the benefits of social capital. First, the fund invests in major projects that convert old and new kinetic energy, or invests in scientific and technological innovation projects in the seed stage and initial stage of the city, and guides the fund to transfer all the proceeds. Second, the fund invests in infrastructure and mature projects, and with the approval of the fund decision-making Committee, the guiding fund can appropriately transfer the part above the threshold rate of return agreed in the agreement. Third, during the existence of the fund, fund investors or other investors are encouraged to buy the equity or shares held by the guiding fund. Guide the original capital contribution of the fund to be transferred within two years, and transfer the sum of the original capital contribution and the interest calculated according to the benchmark interest rate of one-year loans within two to three years.
In terms of management policies, the fund is also relatively loose and convenient. First, in terms of capital contribution, parent (subsidiary) funds can not only make capital contribution in parallel, but also introduce structured design to improve financing efficiency. Second, in terms of capital contribution subscription, for large-scale funds, the proportion of capital contribution subscription of fund management institutions can be reduced, and the pressure on social capital contribution can be alleviated. Third, in the distribution of fund income, funds and other investors can be guided to make their own decisions according to the actual situation of the fund, giving social capital more autonomy. Fourth, in the fund performance evaluation, the fund policy objectives and policy effects are comprehensively evaluated, and the profit and loss of a single fund or a single project are not evaluated, so that the evaluation is more fair, scientific and objective.
Our city has also put forward a strong incentive and reward policy. The first is the settlement reward. Corporate private equity funds and partnership private equity funds are rewarded according to the paid-in registered capital and the actual raised funds respectively, with a maximum subsidy of 6,543,800 yuan. The second is institutional support incentives. Equity investment funds invest in non-affiliated enterprises in our city in the form of equity. If they meet certain conditions, they will be given a one-time reward of 2% of their investment amount, and the highest reward for a single equity investment enterprise is 1 10,000 yuan. The third is office space support. Subsidies are provided for the construction, purchase and lease of office space for equity investment enterprises that meet the incentive policy for settlement. The maximum subsidy for building and buying houses is not more than 5 million yuan, and the subsidy for renting houses is not more than 2 million yuan. The fourth is talent subsidy. According to the level of financial talents introduced and their contribution to the city's financial industry, the highest living allowance of 6,543.8+0,000 yuan will be given, and the one-time settlement allowance of 200,000 yuan will be given to enterprise executives, and the working allowance of 6,543.8+0.2 million yuan will be given every year for three years. At the same time, talents who meet the introduction policy will enjoy green channel treatment such as children's schooling, medical care, industry and commerce, taxation and household registration. In addition, social capital can also enjoy the regional preferential policies of Shandong new and old kinetic energy conversion comprehensive experimental zone in Jinan. (Reporter Wang Bin)