曾经引起争议的《产业投资基金管理办法》于2001年被国务院常务会议否决后,最近,一些部门人士又在为“产业基金”攻关,以期新一届政府上任后尽快促成“产业基金”死灰复燃。为什么会有部门与市场人士热炒“产业投资基金”?仔细分析不难发现这概念背后的“企图”。 有关部门希望借“产业基金”概念获取审批权并将其扩张到不适合于创业投资的领域。在1995年前后,创业投资概念被引入我国时,由于称之为“私人股权投资”更容易让人理解为私有化,所以有关部门在那时称之为“产业投资”是可以理解的。但在社会各界都认识到创业投资对于促进企业创业和再创业的重要性之后,仍然坚持“产业投资基金”这个概念,则显然是希望借助于“产业投资基金”这种模糊概念,将审批权进一步扩张到并不适合于创业投资的其它领域。例如,“房地产投资基金”是在房地产二级市场高度发达之后的产物,由于它主要投资于公开流通的房地产收益凭证,因此是一种“证券基金”。而有关部门在我国房地产二级市场还没有形成的情况下,就热炒“房地产基金”,并将其纳入“产业基金”范畴。 对“产业基金”这种模糊概念,地方政府更是不知为何物。但是一 Recently, the controversial Measures for the Administration of Industrial Investment Fund was rejected by the executive meeting of the State Council in 2001. Recently, some departmental officials tackled the issue of “industrial funds,” so as to prompt the resumption of the “industrial fund” as soon as the new government assumes office. Why do departments and market participants stir the “Industry Investment Fund”? Careful analysis is not difficult to find behind the concept of “attempt.” Authorities hope to use the concept of “industrial fund” to obtain approval and extend it to areas unsuitable for venture capital. Around 1995, when the concept of venture capital was introduced into our country, it was understandable what the authorities referred to as “industrial investment” at that time because what was called “private equity investment” was more easily understood as privatization. However, after all walks of life in the community have realized the importance of venture capital for promoting entrepreneurship and reinventing business, they still insist on the concept of “industrial investment fund”, and obviously hope that with the help of the vague concept of “industrial investment fund” Further expansion to other areas that are not suitable for venture capital. For example, a “real estate investment fund” is a product of the highly developed real estate secondary market, which is a “securities fund” because it invests primarily in publicly traded receipts of real estate. The relevant departments in our real estate secondary market has not yet formed under the circumstances, the speculation on the “real estate fund” and include it in the “industrial fund” category. For the vague concept of “industrial fund,” local governments do not know anything about it. But one