Legal basis: Measures for the Administration of Industrial Funds in Zhejiang Province
(1) Unified operation of provincial industrial funds. The former provincial industrial fund for transformation and upgrading, the provincial rural revitalization investment fund and the provincial agricultural product circulation fund are integrated into the provincial industrial fund, and the provincial finance department, the provincial project department, the provincial financial holding company and the fund management company perform their respective duties to promote the realization of the policy objectives of the provincial industrial fund. The preparation of the annual investment operation plan, the provincial financial holding company scientifically predicts the annual rolling available amount of funds, and puts forward the plan to the Provincial Department of Finance at the beginning of each year, which will be implemented after being approved by the executive vice governor.
(2) Classification of project investment. Provincial industrial fund investment projects are divided into three categories: strategic category, technical category and benefit category. Policy projects include strategic and technical categories. Strategic projects refer to major strategic industrial projects around the development of strategic industries, "six 100 billion" industrial investment projects, ten landmark industrial chain leading demonstration projects, strong chain repair projects, provincial and municipal county magistrate projects and provincial major industrial projects. Technical engineering refers to a major innovation project driven by scientific and technological innovation, at the forefront of the world's science and technology, with the focus on seizing the commanding heights of technology and breaking through key core technologies. Benefit projects refer to projects with good development prospects and strong profitability, which focus on maintaining and increasing the value of state-owned capital and operate in a market-oriented way.
(3) Establish a system of overall coordination and classified decision-making. Establish a joint meeting system for investment and operation of provincial industrial funds, with the executive vice governor of the provincial government as the convener of the joint meeting to coordinate and promote the investment and operation of provincial industrial funds. The provincial department in charge of the project is specifically responsible for the establishment of an investment decision-making committee, with the provincial leaders in charge or the corresponding deputy secretary-general of the provincial government as the director, responsible for the investment decision-making of policy projects; The members of the investment decision-making committee are generally not less than 5, of which the members of the provincial project department account for not less than 1/3; The proportion of external experts such as heads and senior professionals of other departments and units directly related to investment decision-making projects shall not be less than one third. Matters examined and approved must be approved by more than two-thirds of the members of the investment decision-making Committee. Provincial financial holding companies are responsible for the operation and management of benefit projects and can be used as reference departments for investment decision-making of policy projects.
(four) clear investment model and standards. Policy project investment generally adopts direct investment and directional funds, which can be operated with non-directional funds after being approved by the main leaders of the provincial government; Benefit projects can be operated through direct investment, targeted funds and non-targeted funds. If the policy project adopts direct investment, the provincial industrial fund shall not contribute more than 2 billion yuan, and the shareholding ratio shall not exceed 20%, and shall not be the largest shareholder; If the directional fund model is adopted, the contribution of the provincial industrial fund shall not exceed 2 billion yuan, and the indirect shareholding ratio of the directional fund to the project shall not exceed 20%, and the directional fund is not the largest shareholder; If the non-directional fund model is adopted, the contribution ratio of the provincial industrial fund shall not exceed 20% of the sub-fund scale. The proportion of science and technology and agricultural strategic projects can be appropriately increased, but not more than 30%. For particularly important projects, after the approval of the main leaders of the provincial government, they may not be subject to proportional restrictions.
(5) Carry out classified evaluation. The provincial government evaluates the decision-making work of strategic and technical projects of provincial project departments, and the Provincial Department of Finance evaluates the performance of the operation and management of provincial industrial funds, which is included in the annual performance appraisal system of provincial financial holding companies.
(6) Focus on supporting major provincial innovation entities. Clarify the special policies for major innovation platforms at or above the provincial level. Major innovation platforms can initiate the establishment of sub-funds for the transformation of scientific and technological innovation achievements. The contribution ratio of the provincial industrial fund to the sub-fund established by the above-mentioned single entity shall not exceed 30% of the fund scale, and the accumulated contribution shall not exceed 600 million yuan. Provincial financial holding companies make investment decisions in accordance with relevant procedures and evaluate them according to policy projects.
(7) Management fee payment is linked to performance. The collection of management fees is linked to the performance evaluation of the overall operation of the fund, and the standard of classified payment is set. The provincial industrial fund of the investment benefit project shall pay the entrusted management fee in installments according to the performance evaluation results of the provincial industrial fund. If the performance evaluation results are qualified, the entrusted management fee shall be paid at the rate of 0.6%/ year; Good, according to the proportion of investment of 0.8%/ year to pay the entrusted management fee; Excellent, pay the entrusted management fee according to the proportion of investment 1%/ year; Can not meet the requirements, according to the proportion of investment 0.4%/ year to pay the entrusted management fee.
(eight) standardize the management of fund management companies. According to the requirements of the fair competition review system, the Provincial Market Supervision Bureau reviewed the Measures and gave relevant feedback. As a fund management company, the provincial financial holding company collects fund management fees in a market-oriented way, and the provincial financial holding company directly entrusts the provincial financial control management company to be responsible for the investment management of provincial industrial funds, which does not conform to the fair competition review system. To this end, the "Measures" have adjusted the way that provincial financial holding companies directly entrust provincial financial control management companies. Provincial financial holding companies need to determine fund management companies in accordance with relevant regulations and sign entrustment management agreements. At the same time, for the beneficiary projects with good investment benefits, a certain proportion can be extracted from the project investment income to reward the performance of the fund management company.