金融支持企业创新的路径与对策

Approach and Strategies of Enterprise Innovation Supported by Finance

本文深入分析了我国金融体系支持企业创新存在的障碍,包括商业银行异质化竞争程度低,创新不足;风险投资行业发展缓慢,可得性不高;股票市场激励创新的制度不健全;数字金融面临信贷风险。我国金融支持企业创新的发展思路:一是推动商业银行竞争,改变传统以抵押为主的融资模式,提高其对企业创新的支持力度;二是完善股票市场的发行、并购和投资者保护等制度;三是推动风险投资行业发展;四是引导数字金融等新型金融中介服务创新;五是加大金融开放,在全球范围内为我国科技创新配置资本。

The paper had in-depth analysis of innovation obstacles of China’s financially-supported enterprises,including commercial banks’low level heterogenized competition and inadequate innovation,sluggish development of venture capital and low availability,imperfect system for promoting innovation of stock market,and credit risk faced by digital finance.The paper puts forward new development ideology for enterprise innovation with the help of finance.First,we should promote competition of commercial banks,transform traditional financing mode based on mortgage,thus enhance support for enterprise innovation.Second,we should improve stock market’s issuance,acquisition and investor protection system.Third,we should improve the development of venture capital sector.Fourth,we should encourage innovation in financial intermediary service such as digital finance.Fifth,we should further expand the opening-up of finance,seeking global capital allocation for China’s technological innovation.