基础设施产业基金的可行性及运作模式探析

城镇化进程加快，使基础设施需求巨大，与此同时，法规日趋完善、投资理性日益增强，且社会资金充裕，这些都为设立基础设施产业基金提供了良好外部环境和基础。设立基础设施产业基金一方面可解决部分财政资金压力．同时对降低系统性金融风险、促进理性投资具有积极意义。此类基金运作涵盖“募、投、管、退”全过程，应加强收益结构设计、策略选择、风险控制、增值服务、退出模式安排。差异化、专业化、强化投后管理将是基础设施产业基金的发展方向。

The Feasibility and Implementing Scheme on Establishment of Infrastructure Industry Fund

Along with the urbanization speeding up, the infrastructure needs huge capital, at the same time, the abundant social capital, improvement of laws and regulations, growing rational investment idea, which provide a good external environment and foundation to set up the infrastructure industry funds. It could partly solve some capital, also has a positive significance for reducing systemic financial risk and promoting the rational investment. The fund operations cover the process of raise, investing, controlling and exiting. It should strengthen the revenue structure design, strategy selection, risk control, value-added services, and exit mode arrangement. Differentiation, professionalization and post-investment management will be the developing direction.