Promoting Technology Finance by Deepening Financial Reform
As the most important one of"five fields"of technology finance,technology finance is helpful to establish the benign loop among technology,industry and finance,develop new productivity forces and realize the high-level technological progress.The development and strengthening of indigenous technological innovation is not only a prerequisite for ensuring continued technological advancement in China,but also an important prerequisite for securing sustained rapid economic growth in the future.The high risk,high yield and light asset characteristics of technological innovation enterprises make commercial banks and other the traditional financial institutions face the difficulties of asset valuation,credit record and collateral provision in financing.At present,Chinese technology finance is facing the following challenges:the generalized equity market is less developed,the high yield bond market is at the infant stage,t he debt-equity combination financing regime is at the early stage,the market of intellectual properties and intellectual properties are underdeveloped,the ecosystem of technology finance is inadequate,etc.Finally,this paper provides eight policy suggestions to promote Chinese technology finance through deepening financial reform.
technology financedirect financingdebt-equity combinationecosystem of technology financepolicy finance agency
万方数据
维普
