Assisting high-level technology self-reliance and self-improvement, adding impetus to technological innovation and development through finance
2023-06-13
Accelerating the realization of high-level scientific and technological self-reliance plays a fundamental and strategic role in supporting Chinese path to modernization. How to promote the development of technological innovation has always been a hot topic in the industry. A few days ago, Yi Gang, the governor of the People's Bank of China, said when he went to Shanghai for research, that he would strengthen support for financing in key areas such as technology-based enterprises and green development, help high-level science and technology to become self reliant, enhance the endogenous growth momentum of the economy, and promote high-quality development. Li Yunze, secretary of the Party Committee and director of the State Administration of Financial Supervision and Administration, also said when he went to Shanghai for research, that he would focus on strengthening and improving the financial supply in areas such as self-reliance in high-level science and technology, manufacturing, rural revitalization, investment and consumption. All along, technological innovation has high costs, long cycles, and high risks. From technological research and development to achievement transformation and market development to generate benefits, each stage requires a large amount of capital investment. Industry insiders believe that finance, as a hub for resource allocation, provides financial support for technological innovation and financial tools to avoid innovation risks, which is an important guarantee for technological innovation. Continuously improving the financial support mechanism for technological innovation, building an active financial market, smooth financing channels, and a good financial environment, and guiding more funds to flow into the field of technological innovation are important missions of financial institutions. According to the reporter's review, in response to the characteristics of high-tech, high-risk, and light asset of technological innovation enterprises, in recent years, the People's Bank of China has used structural monetary policy tools to increase credit investment in the field of technological innovation by providing re loans or capital incentives, reducing the financing cost of enterprises and guiding the flow of funds to key areas. A series of measures have achieved significant results. The People's Bank of China recently released a statistical report on loan investment by financial institutions, showing that at the end of the first quarter of this year, there were 150800 technology-based small and medium-sized enterprises in China that received loan support, with a loan acquisition rate of 45.9%, 1.3 percentage points higher than the end of the previous year. At the end of the first quarter of this year, the loan balance for technology-based small and medium-sized enterprises was 1.76 trillion yuan, a year-on-year increase of 25.2%, 0.9 percentage points higher than the end of the previous year. How can finance better support the development of technological innovation for the next step? At the 14th Lujiazui Forum held recently, Wang Weidong, Vice President of the China Development Bank, said that financial support for scientific and technological innovation needs to constantly improve quality and efficiency, and efforts should be made to expand the coverage of financial services. Financial institutions should be encouraged to focus on basic research, applied research, transformation of scientific and technological achievements, scientific and technological infrastructure and other scientific and technological innovation fields around the whole life cycle of scientific and technological enterprises in the start-up, growth and mature stages, Meet the financial needs of technological innovation entities such as enterprise research institutes. Gu Shu, chairman of Agricultural Bank of China, believes that banks should focus on the deep integration of innovation chain and industrial chain, and lengthen and deepen the financial service chain; Improve the exclusive service system for science and technology innovation finance, and enhance professional service capabilities; The improvement of the efficiency of scientific and technological innovation financial services cannot be separated from cross disciplinary and multi-level cooperation, and we need to jointly create a good ecosystem for service technology innovation. It is worth mentioning that the capital market also plays an important role in promoting the self-reliance and self-reliance of high-level technology. Data shows that in recent years, China has taken the establishment of the Science and Technology Innovation Board and the pilot registration system as a breakthrough, improved the institutional mechanism of the capital market serving technology innovation, and technology innovation enterprises have been listed in newly listed enterprises
Edit：qihang Responsible editor：xinglan
Source：People.cn
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