以供给侧改革增强金融服务实体经济能力

Increasing the Ability of the Financial Services Sector to Serve the Real Economy Through the Supply-side Reform

次贷危机以来中国实体经济转型取得明显成效,如服务业在GDP中的占比不断提升;高新技术产业竞争力增强等,但在中美贸易摩擦不断、国际贸易保护主义抬头的背景下,中国实体经济仍面临许多新挑战。从金融供给侧改革视角看,金融供给结构、动力和效率不够完善,带来了资金脱实入虚、企业融资难、无效产能出清难等问题。为此,应当以供给侧改革思路推动金融体系发展,提高金融体系和实体经济的匹配度,提升金融体系服务实体经济的能力。

Since the subprime crisis, China’s real economy transformation has achieved remarkable results. For example, the service sector is constantly growing as a proportion of the GDP, and the competitiveness of the high-tech industries has been enhanced. However, against the backdrop of continuous trade frictions between China and the United States and rising international trade protectionism, China’s real economy still faces many new challenges. From the perspective of the financial supply-side reform, the structure, motivation and efficiency of financial supply are inadequate, which leads to problems such as capital flowing into the virtual economy rather than the real economy, the financing difficulty of enterprises, and the difficulty in eliminating invalid production capacity. Therefore, the supply-side reform should be adopted to promote the development of the financial system, improve the matching degree between the financial system and the real economy, and enhance the ability of the financial system to serve the real economy.