让资本赋能大湾区全球创新高地建设

粤港澳大湾区是我国实施创新驱动发展战略的重大引擎,有优势成为引领全球新一轮产业革命的"领头雁"。资本是创新发展的重要驱动力,文章认为股权投资(VC/PE)能通过筛选培育、风险分散、融资支持、要素集成、制度供给、资源重组六方面制度功能支持创新发展。巩固提升粤港澳大湾区股权投资市场优势,让股权投资赋能粤港澳大湾区全球创新高地建设,要宽化资本来源,实现投资主体多元化;强化技术攻关,发展非对称性"杀手锏"技术,培育优质项目源;深化人才激励,推进风险投资家与企业家、科学家的深度合作;优化投资环境,让创新创业创造活力竞相迸发;活化退出通道,畅通"募投管退"的投资闭环。

Make VC/PE Empower Guangdong-Hong Kong-Macao Greater Bay Area to Build a Global Innovation Highland

Guangdong-Hong Kong-Macao Great Bay Area is an important engine of China's innovation-driven development strategy, and it has the advantages of becoming the bellwether to lead the global new round of industrial revolution. Capital is a significant driving force of innovation. This paper holds that equity investment can support innovative development through six institutional functions:screening and cultivation, risk diversification, financing support, factor integration, institutional supply and resource reorganization. It is necessary to consolidate and enhance the market advantages of equity investment in Guangdong-Hong Kong-Macao Greater Bay Area, and let VC/PE empower Guangdong-Hong Kong-Macao Greater Bay Area to build a global innovation highland. Therefore, it is required to broaden funding sources to diversify the investors of VC/PE, strengthen technical research to cultivate more high-quality investment projects, deepen talent incentives by promoting in-depth cooperation among venture capitalists, entrepreneurs and scientists, optimize the investment environment to stimulate innovation and entrepreneurship, activate the channel to smooth the closed loop of "fundraising-investment-management-exit".