【正文】 資基金的組織形式選擇 ............................ 22 （一）有限合伙人 ............................................................................................ 24 （二）普通合伙人 ............................................................................................ 24 （三）基金托管機(jī)構(gòu) ........................................................................................ 24 （四）投資顧問委員會 ..................................................................................... 25 四、資金結(jié)構(gòu) ..................................................................................... 25 五、管理費(fèi)用 ..................................................................................... 25 六、收益分配 ..................................................................................... 25 第五章 設(shè)立方案 ................................................................................... 27 一、基金規(guī)模 ..................................................................................... 27 二、募集方式 ..................................................................................... 27 三、資金來源 ..................................................................................... 28 （一）政府引導(dǎo)基金 ........................................................................................ 30 （二）連云港的金融機(jī)構(gòu) ................................................................................. 30 四、最低認(rèn)繳出資 .............................................................................. 30 第六章 運(yùn)作形式 ................................................................................... 31 一、投資原則 ..................................................................................... 31 （一）投資領(lǐng)域 ............................................................................................... 31 （二）投資區(qū)域 ............................................................................................... 31 （三）投資階段 ............................................................................................... 31 （四）投資規(guī)模 ............................................................................................... 31 二、項(xiàng)目儲備 ..................................................................................... 32 三、投資決策 ..................................................................................... 32 四、投資管理 ..................................................................................... 33 （一）投資后監(jiān)管 ............................................................................................ 33 （二）投資后服務(wù) ............................................................................................ 33 五、退出方式 ..................................................................................... 34 徐圩新區(qū) 節(jié)能環(huán)保產(chǎn)業(yè)投資基金 可行性研究 報告 iii （一） IPO ....................................................................................................... 35 （二）企業(yè)回購 ............................................................................................... 35 （三）股權(quán)轉(zhuǎn)讓 ............................................................................................... 35 （四）清算 ...................................................................................................... 35 第七章 風(fēng)險分析 ................................................................................... 36 一、風(fēng)險識別 ..................................................................................... 36 （一）技術(shù)風(fēng)險 ............................................................................................... 36 （二）市場風(fēng)險 ............................................................................................... 36 （三）管理風(fēng)險 ............................................................................................... 36 （四）道德風(fēng)險 ............................................................................................... 36 （五）財務(wù)風(fēng)險 ............................................................................................... 37 （六）退出風(fēng)險 ............................................................................................... 37 二、風(fēng)險防范 ..................................................................................... 37 （一）明確投資方向，強(qiáng)化可行性論證 ............................................................ 37 （二）做足市場調(diào)研，投資策略多元化 ............................................................ 37 （三）協(xié)助決策管理， 監(jiān)督執(zhí)行過程 ................................................................ 37 （四）加強(qiáng)內(nèi)部控制，完善激勵機(jī)制 ................................................................ 38 （五）重視指標(biāo)預(yù)警，落實(shí)應(yīng)對問責(zé) ................................................................ 38 （六）擇機(jī)選擇退出，拓寬退出渠道 ................................................................ 38 第八章 進(jìn)度安排 ................................................................................... 39 一、項(xiàng)目實(shí)施的各階段 ....................................................................... 39 （一）項(xiàng)目研究 ............................................................................................... 39 （二）項(xiàng)目籌備 ............................................................................................... 39 （三）項(xiàng)目申報 ............................................................................................... 39 （四）項(xiàng)目設(shè)立 ............................................................................................... 39 二、項(xiàng)目實(shí)施進(jìn)度表 ........................................................................... 40 第九章 經(jīng)濟(jì)社會效益評價 ..................................................................... 41 一、經(jīng)濟(jì)效益評價 .............................................................................. 41 （一）直接經(jīng)濟(jì)效益 ........................................................................................ 41 （二）間接經(jīng)濟(jì)效益 ........................................................................................ 41 二、社會效益評價 .............................................................................. 41 （一）促進(jìn)區(qū)域經(jīng)濟(jì)發(fā)展，并帶動就業(yè) ............................................................ 41 （二）改善徐圩新區(qū)投融資環(huán)境 ..