Technological innovation-based enterprises are the main force of scientific and technological innovation in China,and are important market players in promoting Chinese-type modernization.The financing needs of science and technology innovation enterprises in different periods are different,and the degree of financial repression they face varies.The main causes of China's sci-tech innovation financial repression dilemma are the insufficient supply of venture capital entities,the low enthusiasm of commercial banks for sci-tech innovation finance,the ineffective implementation of investment and loan linkage mode,and the imperfect risk compensation mechanism of sci-tech innovation finance.In response to these issues,the article proposes countermeasures and suggestions to optimize China's science and technology innovation financial ecosystem.
technological innovation-based enterprisesscience and technology innovation financefinancial ecosystemdirect financing