基于生命周期的中国科技金融支持体系研究

Study on the Science and Technology Financial Supporting System Based on the Lifecycle Theory in China

摘要:

为促进经济发展和技术创新，世界各国都倾向于将科技政策和金融政策整合为一体。 企业、产业和产品在不同生命周期阶段有着不同的资金需求和风险与收益特征；各类科技金融资源，也具有各自不同的功能。供求之间的配合日益重要，任何一个环节的缺失和薄弱以及供求不匹配都会阻碍技术创新。 从企业生命周期、产业生命周期和产品生命周期的资金需求及特点出发，分析中国科技金融的五种主要形式：科技财政支持、创业风险投资、科技贷款、科技资本市场、科技保险等科技金融供给的现状和存在的问题，并借鉴国际经验，提出进一步促进其发展的对策建议。

Abstract:

In order to promote economic development and technological innovation, governments around the world tend to integrating science and technology policy and financial policy as a whole. Enterprises, industries and products have different needs and characteristics of the benefits and risks in different life cycle stage. All kinds of financial resources of science and technology also have different functions, adaptive phase and characteristics. The coordination between supply and demand is becoming increasingly important. Any missing link or weakness and the demand do not match with supply will hinder the technology innovation. This paper Mainly studies the current situation of the developing state and the existing problems of science and technology financial in China including the following five aspects, Such as Financial support of science and technology、venture capital、loan for science and techniques、the capital market of science and technology、scientific and technological insurance based on life cycle theory. Draw lessons from international experience. And put forward the corresponding sustainable development suggestions propose.