Hubei is trying to use market means to guide financial capital and social capital to invest in the real economy. Recently, the Hubei provincial government decided that the provincial finance invested 40 billion yuan, initiated the establishment of the total size of 200 billion yuan in Hubei Province, the Yangtze River economic belt industry fund.

Hubei Yangtze River Economic Belt Industrial Fund Mother Fund consists of several components. Hubei Province invested 40 billion yuan initiated the establishment of financial guidance funds, to guide social capital fund raising, initiated the establishment of more than just the parent fund, the total size of the fund will reach 200 billion yuan. Currently, there are 68 agencies reporting. December 30, the Fund will be officially launched.

In terms of investment, the Yangtze River economic belt industry fund to focus on industry training and development, the infrastructure and non-industry import, general real estate projects included in the negative list of investment. Industry funds will focus on the rapid development of the next generation of information technology industry, high-end equipment manufacturing seven new industries, to promote transformation and upgrading of automobile, steel and other traditional pillar industries, financial support, developing breakthrough "Internet +" and other modern service industry to support green, technology, eco-agriculture and industrialization. To reflect the international requirements, we will set up a special sub-funds, overseas sub-fund, support Hubei enterprises "going out, bringing in."

As with most government-sponsored fund industry is different, the Yangtze River economic belt industry funds will create specialized team that will only send a government cadres as chairman and legal representative, were all produced by other market-oriented approach; the Government only grasp the direction of policy, respect for the professional management team decision-making, let professional people to do professional things. Meanwhile, the implementation of market-oriented management, the formation of mixed ownership of fund management companies, actively use market-oriented means power list, negative lists, etc. to achieve the fund supervision and management, to clarify the boundaries of government and the market, the fund management company into a market mechanism and policy connection Boot bridge.

"The government does not seek a veto power and absolute control, not interfere with the normal operation of the fund, not a single project earnings assessment, development of administrative power to exclude a list of effective interventions to achieve a high degree of market-oriented operation of the Fund." Hubei Provincial Government Finance Office Liu stressed that the United States Director of frequency, in order to ensure realization of government objectives, based on a high degree of market-oriented operation, according to the fund industry laws, by a negative inventory management, the partnership agreement, breach of the share repurchase, etc., with a system of tubes, with steward system, released in advance by the Fund plans to provide project information during and after the due diligence carried out assessment and other guided management to ensure that the mother sub-fund is set to run on the track.

About boot allocation funds, the chairman of Hubei Province Yangtze River Economic Belt Industrial Fund Management Company Wang ice, the Yangtze River Industrial Fund set up a number of ewe's fund, divided "track" operate independently, form a "horse race mechanism" through competition, stimulate each management team potential. 40 billion yuan government guidance funds act as a "safety cushion", the initiative to take risks and to help social capital, attract more outstanding team and quality projects landing Hubei. Also, when there is demand for funds to ensure a working day financial funds appropriated.