Ten-year Development Trends and Issues of the Chinese Government Guidance Fund from 2011 to 2020

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v2i2.306

Chunhui Zhang

Nanjing Normal University


In the ten years from 2011 to 2020, the Chinese government guidance fund has experienced a development stage from steady development to rapid explosion and then gradually returning to rationality. At present, the number and scale of the establishment of government guidance funds have achieved steady development, the development of Northwestern China has accelerated, and the investment hotspot has gradually shifted from the Internet to the core technology field. However, there are still problems such as uneven regional development, insufficient social capital, and low utilization of some funds. It is recommended to start with the establishment of funds according to local conditions and relax geographical restrictions to improve management and promote the healthy and long-term development of government-guided funds.


government guidance fund, rational regression, equilibrium, utilization rate


[1] Yue Du, Xiaoni Ying. Government Venture Capital Guidance Fund: Rational Return after Explosive Growth. Macroeconomic Management. 2018; (05): 35-39.
[2] Shanmin Li, Xingyun Liang, Dazhong Wang. The guiding effect and mechanism of the Chinese government guidance fund. Southern Economy. 2020; (08):1-16.
[3] Xiaolan Deng, Changpeng Sun. The mechanism of corporate innovation, industrial upgrading and government guidance funds. Journal of Shanxi University of Finance and Economics. 2019; 41(05): 54-67.
[4] Zero2IPO Research Center. Research Report on the Development of Jingjin Guided by the Chinese Government in 2010. 2019.
[5] ChinaVenture Investment Consulting Research Institute. Special report of the Chinese Government Guidance Fund. 2020.
[6] Xiaofeng Cui. (2019) Research on Performance Evaluation of Xiamen Government Guidance Fund. Xiamen University, Xiamen.
[7] Kangheng Wang. (2019) Research on the Development of China Industrial Investment Funds. Huazhong Normal University, Wuhan.

Copyright © 2021 Chunhui Zhang

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License