According to "Impact Investment in China", in 2007, Rockefeller Foundation put forward the innovative investment concept of impact investment for the first time, advocating capital to do public welfare through economic investment. In 20 10, JPMorgan Chase and Rockefeller Foundation jointly published "Impact Investment: Emerging Asset Category", which defined impact investment as an asset category, thus establishing the status of impact investment in the investment and public welfare circles. Credit Suisse believes that impact investment is an investment with measurable social impact as its main purpose and financial appreciation potential.
target
The main goal of impact investment is to improve people's livelihood at the bottom of society in developing countries or to achieve positive social and environmental effects through investment behavior. The ultimate beneficiary of impact investment is "BoP: the bottom of the pyramid".
Investment targets are often profitable enterprises that can bring positive social or environmental effects. As far as industries are concerned, these enterprises are mainly concentrated in industries such as environment, housing, basic education and health, which are closely related to people's livelihood.
differentiate
Compared with venture capital, impact investment still pursues financial returns, but compared with mainstream venture capital, it has more flexible requirements for return methods and returns and longer payback period, so it is also called "patient capital".
And socially responsible investment: Impact investment is often called social investment and sustainable investment, but it is not exactly the same as socially responsible investment. Social responsibility investment pays more attention to the prevention of negative events, and impact investment refers to the ability to actively invest assets in funds to obtain better social influence.
in China
Development is relatively slow
From the perspective of investment, the obstacles that impact investment may encounter in China are not much different from those of mainstream investment. In the policy issues of China government, influence investment has not been paid attention to.
Compared with other countries' impact investment, especially from the perspective of policy and public concern, the entry point of China's impact investment mostly lies in the green economy. In this respect, government policies and regulations are numerous and relatively clear, and the market mechanism is relatively perfect. In contrast, although there are many policies that pay attention to social vulnerable groups, the market mechanism is not in place and it is difficult for society and the market to participate.
The era of influence investment is coming.
China's influence investment has just begun to appear.
Social Investment Platform: The Social Entrepreneur Skills Training Project launched in 2009 has trained more than 65,438+0,000 existing or potential social entrepreneurs, and more than 60 institutions have received funding from China partners through the "Excellent Social Enterprise Plan Selection" activity. August 20 13, the British Council, together with Shanghai Zeng 'ai Foundation, Xinhuyu Public Venture Capital Fund and Social Enterprise Research Center, launched the social investment platform of "Social Entrepreneur Skills Project".
The first influential investment fund in China: 20 12 10 The first influential investment fund in China-Xinhu-Education Public Welfare Venture Capital Fund was established. The fund integrates corporate charitable donation, social investment of foundation and professional team management, and is trying to explore the innovative road of cross-border combination of public welfare mission and business model.