⊙记者 赵晓琳 ○编辑 全泽源

⊙ reporter ZhaoXiaoLin ○ edit all ze source

　　近期证监会、科技部等多部门动作频频，以推进科技成果转化为生产力。创投机构则希望国家引导基金的运作方式能更加市场化，以撬动更多民间资本，扩大科技金融的杠杆效应。

The CSRC recently/The science and technology ministry and other departments have action,In order to promote transformation of scientific and technological achievements into productive forces.Vc institution is hope national guide fund operation mode can be more marketization,To pry more private capital,Expand the financial leverage effect of science and technology.

　　日前，证监会新闻发言人透露，为进一步落实创新型国家战略，促进科技成果产业化发展，中国证监会与科技部正在制定支持科技成果入股的政策性文件，很快将正式下发。同时，记者了解到，科技部近期一直在研究推动利用“两个国家基金”，做好创业投资方面的政策引导；且今年截至目前，通过阶段投资的方式已陆续参股13家主要面向科技型中小企业的创业投资引导基金。

a,Securities regulatory commission spokesman said,To further implement the strategy of an innovation-oriented country,To promote the industrialization of scientific and technological achievements,The China securities regulatory commission and the ministry of science and technology is developing in support of scientific and technological achievements of the policy documents,Soon will be officially issued.At the same time,The reporter understands,Ministry of science and technology recently have been studying promote use"The two countries fund",Do entrepreneurial investment policy guidance;And so far this year,Through the stage investment way has been participation and home mainly to small and mid-sized enterprise of venture investment guide fund.

　　业内人士表示，促进科技和金融结合是支撑和服务经济发展方式转变和结构调整的着力点，多部门针对“科技金融”频频出台政策及相关细则措施，有利于促进科技成果转化，有助于企业自主创新，更有利于创新型国家的建设。

The personage inside course of study says,To promote science and technology and financial combination is support and service economy development mode change and structure adjustment is the key,Many departments according to"Technology and finance"Frequently policy and related rules measures,To promote transformation of scientific and technological achievements,Help enterprise independent innovation,More conducive to the construction of an innovation-oriented country.

　　一位接受采访的科技金融促进会人士对记者表示，多部门联动希望打造的是“全过程、接力式科技金融支持体系”。具体来看，即为“通过建立政府引导基金、投贷联盟、小额贷款公司、融资担保、创新金融产品、推进企业上市等多元化融资渠道，形成服务创业苗圃——孵化器——加速器的全过程、接力式科技金融支持体系”。

An interview of science and technology financial promotion association people told reporters,Many department linkage is wanted to build"process/Relay financial support system of science and technology".Specific to see,as"Through the establishment of government guidance funds/TouDai alliance/Petty loan company/Financing guarantee/Innovative financial products/Promote enterprise listed diversified financing channels,Form service business incubator nursery -- - the whole process of the accelerator/Relay financial support system of science and technology".

　　显而易见，政府引导基金是发挥带动民间资本、发挥资本杠杆作用的源头之水。

obviously,The government guide fund is play to drive the folk capital/Play capital leverage of the source of water.

　　“科技部近期一直在研究在推动，利用"两个国家基金"，做好创业投资方面的政策引导：第一，科技部今年将通过阶段投资的方式，陆续参股13家主要面向科技型中小企业的创业投资引导基金；第二，今年科技部将会同财政部启动国家科技成果转化引导基金，把科技成果作为一个重要的投资方向，引导社会力量、民间资本共同投入。”科技部条财司科技金融处处长沈文京日前在“2012政府、资本、产业对接发展论坛”上表示。

"Ministry of science and technology recently have been studying in promoting,use"The two countries fund",Do entrepreneurial investment policy guidance:The first,Ministry of science and technology this year will through the stage investment way,Participation in 13 home mainly to small and mid-sized enterprise of venture investment guide fund;The second,This year, the ministry of finance jointly with the ministry of science and technology will start state transformation of scientific and technological achievements guide fund,The scientific and technological achievements as an important investment direction,Guide social forces/The folk capital invest together."The ministry of science and technology department of wealth of science and technology financial marshal ShenWenJing recently in"2012 the government/capital/Industry butt joint development BBS"Said on.

　　而所谓“两个国家基金”，一个是2007年财政部和科技部正式发布《科技型中小企业创业投资引导基金管理暂行办法》，首个国家级创业投资引导基金正式启动。当年，中央财政安排1亿元资金，专项用于引导基金。另一个是今年2月1日国务院常务会议明确，中央财政将安排150亿元设立国家中小企业发展基金，重点用于支持小型微型企业发展，希望通过这项政策为具有发展潜力的中小企业保驾护航。

The so-called"The two countries fund",One is in 2007 the ministry of finance and the ministry of science and technology official release[Small and mid-sized enterprise venture investment guide the interim measures for the administration of the fund],The first national venture capital investment guide fund official start.the,The central government for 100 million yuan,Special used to direct the fund.The other is a February 1, the state council executive meeting of clear,The central government will arrange 15 billion yuan to establish national small and medium enterprise development fund,Key used to support small miniature enterprise development,Hope that through this policy as having the potential for the development of small and medium-sized enterprise to escort.

　　科技部数据显示，截至2011年底，由财政部、科技部设立的“科技型中小企业创业投资引导基金”，共安排财政资金15.59亿元，带动了约127亿创业投资资本投资初创期科技型中小企业，通过风险补助、投资保障、阶段参股三种支持方式共立项904项。

Ministry of science and technology data display,By the end of 2011,By the ministry of finance/The establishment of the ministry of science and technology"Small and mid-sized enterprise venture investment guide fund",A total of arranging financial capital is 1.559 billion yuan,Drive about 12.7 billion venture investment capital investment initial technology-based smes,Through the risk subsidies/Investment security/Stage participation three kinds of support way project a total of 904 items.

　　沈文京在上述论坛同时透露，目前全国共有188家创业风险投资机构获得各类政府引导基金支持，政府创业风险投资引导基金累计出资260.08亿元，引导带动的创业风险投资管理资金规模达1407亿元，平均放大6倍。

ShenWenJing in the BBS also revealed that,At present there are throughout the country 188 home business risk investment institutions to all kinds of government guidance fund support,The government business risk investment guide fund accumulative total investment 26.008 billion yuan,Guide drive the venture investment risk management capital size of 140.7 billion yuan,Average amplification six times.

　　但是创投界对“国家创导基金”态度不一。据记者了解，不少机构联合地方引导基金已经表现出对国家级创业型引导基金的浓厚兴趣。

But the venture of library"National chong-aged fund"Different attitude.According to reporter understanding,Many agencies combined local guide fund has displayed on national venture type guide fund interest.

　　对政府引导基金非常感兴趣且运作非常成功的典例，莫过于本土明星PE机构深创投，其官网显示，该机构已与各地政府发起设立并管理了50多个政府引导性创投基金，规模近100亿元，形成了全国性的投资和服务网络。董事长靳海涛亦多次公开表示，“政府引导基金通过商业运作贯彻政府意图”，是对政府、企业、投资机构和产业升级均有利的方式。

For the government guide fund is very interested in operation and the typical example of very successful,Local star way PE institutions deep venture,The website shows,The agency has been established with the local government and the management more than 50 government leading venture fund,Scale of nearly 10 billion yuan,Formed a national investment and service network.The chairman JinHaiTao also many times openly,"The government guide fund through the commercial operation to carry out government intention",Is for the government/enterprise/Investment institutions and industrial upgrading are beneficial way of.

　　但也有业内人士在接受记者采访中表示，由于不认可引导基金目前的运作模式，因此对“国家级创投基金”兴趣一般。国家级基金可能是通过指标分配到各省市甚至县区，采取中央、地方、社会三类基金按照一定的比例共同投资。各地政府纷纷争取基金设立指标，争取资金并投入当地新兴产业。根据以往发改委的新兴产业政府引导基金的经验来看，到地方之后市场化运作受到不少限制，因此“不是很有吸引力”。

But there are also the personage inside course of study when accepting a reporter to interview said,Because do not approval guide fund the present operation mode,So to"National venture fund"Interests are generally.National fund may be through the index distribution to the provinces and cities and counties,Take the central/place/Social three kinds of fund according to certain proportion mutual investment.Local governments have set up index for funds,Secure funding and put into local emerging industry.According to the development and reform commission (NDRC) before emerging industry government guide fund experience,To local market operation after by many restrictions,therefore"Is not very attractive".