近年来，面向国家引导的战略性产业、基础设施建设以及公共服务领域 的产业投资基金规模快速增长，有效缓解了政府的财政支出压力，同时吸引 社会资本投资，提高了资金的使用效率。商业银行利用理财产品将募集来的 资金投资于产业投资基金，并在产业投资基金运作的各个环节发挥重要作用。 商业银行在客户资源及风险控制方面具有得天独厚的优势，使其成为产业投 资基金发展重要的参与主体，产业基金业务也逐渐成为商业银行重要的利润 增长点。为了降低商业银行产业基金业务运行中的风险，确保产业基金业务 的顺利开展，本文对商业银行产业基金运作模式研究，针对其问题提出相应 优化措施。 本文对 HRB 银行产业基金的发展现状进行实际考察，对比国内外先进 产业基金数据，研究发现：在内部体制机制僵化和团队建设缺失的背景下， 外部业务多元风险和复杂的金融环境会导致 HRB 银行产业基金业务出现诸 多问题，例如吸引社会资本有限、内部管理存在问题以及基金业务涉及领域 狭窄。以问题为导向，本文提出了优化产业基金组织结构和 PPP 模式的运用 以加大社会资本的吸引力度；通过优化业务流程、提高业务效率和加强风险 控制来进一步加强内部管理；围绕地区经济发展蓝图、实现优势产业全覆盖 及调整产业基金的投资结构来拓宽 HRB 银行的产业基金投资领域。本文以 产业基金理论指导实践，结合 HRB 银行产业基金业务的发展情况，指出其 发展前景并提出相应的发展建议。 关键词：商业银行；产业基金；社会资本；ROT/TOT 产业基金哈尔滨工业大学工商管理硕士学位论文 - I - Abstract In recent years, the scale of industrial investment funds for strategic industries, infrastructure construction and public services has grown rapidly, playing an increasingly important role in integrating social capital, filling the gap in government financing, expanding the scale of social financing and improving the utilization rate of idle funds in the market. The development of industrial investment funds is not only an important means for the steady growth of fiscal power, but also a realistic choice for building a new engine of economic growth expanding the supply of public goods and public services. Commercial banks use financial products to invest the raised funds in industrial investment funds, and play an important role in the initiation, collection, investment and withdrawal of industrial investment funds. With the advantages of customer resources, risk control and retail channels, commercial banks are becoming indispensable participants in the development of industrial investment funds. Industrial fund business has gradually become an important profit growth point for commercial banks. In order to reduce the risks in the operation of commercial banks'Industrial Fund business, enhance the profits and enhance its sustainability, commercial banks must attach importance to the industry of commercial banks. The study of fund operation mode and corresponding optimization measures are put forward in view of its problems. This paper investigates the current situation of the development of industrial funds in HRB banks, compares the data of advanced industrial funds at home and abroad, and finds that under the background of the rigidity of internal system and mechanism and the lack of team building, combined with the diversified risks of external business and complex financial environment, the limited attraction of social capital, the problems of internal management of industrial funds in HRB banks have emerged. Fund operations involve narrow areas. Guided by the problem, this paper proposes to optimize the organizational structure of industrial funds and the application of PPP model in order to increase the attraction of social capital; further strengthen internal management by optimizing business processes, improving business efficiency and strengthening risk control;哈尔滨工业大学工商管理硕士学位论文 - II - widen the industry of HRB bank by focusing on the blueprint of regional economic development, achieving full coverage of superior industries and adjusting the investment structure of industrial funds. The field of fund investment. Combining theory with practice, this paper clearly describes the development of industrial fund business of HRB bank, points out the prospects of development and development suggestions, which has a certain reference significance. Keywords: commercial bank, industrial fund, ROT/TOT industrial fund哈尔滨工业大学工商管理硕士学位论文 - I - 目 录 摘要...............................................................................................................................I Abstract............................................................................................................................I 第 1 章 绪论................................................................................................................... 1 1.1 研究背景及意义.................................................................................................1 1.2 国内外研究现状及评述.................................................................................... 2 1.2.1 国外研究现状..............................................................................................2 1.2.2 国内研究现状..............................................................................................4 1.2.3 国内外研究现状评述................................................................................. 8 1.3 研究内容及方法.................................................................................................9 1.3.1 主要内容.......................................................................................................9 1.3.2 研究方法.......................................................................................................9 第 2 章 HRB 银行产业基金业务发展现状.............................................................11 2.1 HRB 银行总体概况..........................................................................................11 2.2 HRB 银行产业基金业务合作客群................................................................13 2.3 HRB 银行产业基金业务运作形式................................................................14 2.3.1 产业基金业务设立流程...........................................................................14 2.3.2 产业基金业务运营模式...........................................................................14 2.4 HRB 银行产业基金业务投资领域................................................................16 2.5 HRB 银行产业基金业务外部宏观环境....................................................... 19 2.5.1 宏观经济环境............................................................................................19 2.5.2 宏观政策环境............................................................................................20 2.6 本章小结............................................................................................................21 第 3 章 HRB 银行产业基金运作存在问题及原因剖析.......................................22 3.1 HRB 银行产业基金业务运作存在的问题...................................................22 3.1.1 吸引社会资本有限....................................................................................22 3.1.2 内部管理存在问题....................................................................................23 3.1.3 基金业务涉及领域狭窄...........................................................................28 3.2 HRB 银行产业基金发展问题产生的原因分析.......................................... 31 3.2.1 内部成因.....................................................................................................31 3.2.2 外部成因.....................................................................................................32哈尔滨工业大学工商管理硕士学位论文 - II - 3.3 本章小结............................................................................................................37 第 4 章 HRB 银行产业基金业务优化措施.............................................................38 4.1 加大吸引社会资本力度..................................................................................38 4.1.1 优化产业基金组织结构...........................................................................38 4.1.2 P