科技金融发展的国际比较与启示

International Comparison and Enlightenment of the Development of Science and Technology Finance

文章通过介绍美国、日本科技金融发展概况,分析我国科技金融与外国的差距:国内商业银行设立了大批科技支行,经营管控体系和外国科技银行的差距较大;风险投资机构数量较多,真正从事风险投资的机构很少;创业板市场成长较快,择优筛选机制缺失;股权众筹迅速崛起,监管制度设计比较落后;各级财政针对科技领域的投入不断增加,然而与金融调节的结合运用缺失。文章提出以推动科技银行制度创新,破除分业经营体制的束缚;创新风险投资的运作和扶持机制,引导风险投资机构发展;增强创业板市场的筛选功能,推进科技创新的资本市场体系构建;完善股权众筹监管体系设计,推动大众创业;万众创新、改革科研投入机制;综合运用财政和金融调节支持科技创新等对策。

This paper introduces the development of science and technology finance in America and Japan. Then it analyzes China＇s foreign financial technology gap： domestic commercial banks set up a large number of science and technology branch, a large gap of running control system and foreign technology, bank risk investment institutions are many. However, venture capital institutions are rare, the real gem market to grow faster, but the preferred screening mechanism is missing, the lack of public equity raise rapidly, but design of supervisory system is relatively backward and so on. The article puts forward the suggestions： to promote the innovation of the science and technology banking system, break down the shackles of the separation operation system; innovate the operation and support mechanism; enhance the screening function of the gem market and promote the construction of the capital market system; improve the supervision system design of equity-based crowdfunding, and promote mass entrepreneurship, innovation and reform of scientific research input mechanism; use fiscal and financial regulation to support scientific and technological innovation.