China News Service, Haikou, December 24 (Reporter Wang Ziqian) The General Office of the People’s Government of Hainan Province announced on the 24th the "Administrative Measures for the Construction and Investment Fund of the Hainan Free Trade Port", establishing a provincial level funded by the Hainan Provincial Government and operated in a market-oriented manner. The government investment fund fund of funds, with a fund size of 10 billion yuan, mainly invests in key industries, key parks and major projects of the Free Trade Port.
The Hainan Free Trade Port Construction Investment Fund (referred to as "Hainan Free Trade Port Fund") is managed in accordance with professional investment operations. The fund management structure mainly includes the free trade port fund investment operation joint meeting mechanism, fund funding companies, fund management companies and custodian banks Wait.
The Hainan Provincial Department of Finance performs the responsibilities of fund investors of the Free Trade Port Fund. The fund management company is specifically responsible for management and operation. The Free Trade Port Fund selects a commercial bank with custody qualification established in China as the custodian bank to establish a special fund account.
In principle, the Hainan Free Trade Port Fund adopts the "parent-sub-fund" investment method to operate, and mainly invests in three areas:
Support the development of key industries.
Support the development of leading industries such as tourism, modern service industries, high-tech industries and tropical characteristics and high-efficiency agriculture; support the digital economy, new petrochemical materials, modern biomedicine and other strategic emerging industries and advanced manufacturing industries, as well as deep-sea technology and southern breeding , Aerospace science and technology and other "sea, land, and air" future industrial development; support the cultivation of small and medium-sized enterprises to develop into "specialized, special and innovative".
Support the development of key parks.
Support the industrial cultivation and agglomeration of various industrial parks in the province, such as Haikou Jiangdong New District, Sanya Yazhou Bay Science and Technology City, and Boao Lecheng International Medical Tourism Pioneer Zone.
Encourage qualified cities, counties and parks to cooperate with the Free Trade Port Fund to establish sub-funds.
Support the construction of major projects.
Encourage and guide social capital to enter the field of infrastructure and public services, and support the expected future cash flow to cover investment costs and exit the construction of major projects that are guaranteed.
Hainan Province requires the Free Trade Port Fund Management Company to establish a risk control mechanism, strengthen post-investment management and services for sub-funds, and take effective measures to ensure the safety of funds.
In terms of the fault tolerance mechanism, the operation of the Hainan Free Trade Port Fund follows objective laws, reasonably tolerates normal investment risks, and does not take normal investment risks as the basis for accountability.
The construction of the Hainan Free Trade Port has entered a critical period of comprehensively deepening reforms, and a large amount of capital needs to be invested to speed up infrastructure construction and improve the efficiency of public service supply.
Recently, Hainan Province clearly proposed to accelerate the high-quality development of the government and social capital cooperation (PPP) model and attract social capital to participate in economic and social construction.
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