Study On Development Of Technology Finance In China

Scientific and technological innovation play a vital role in China’s economic restructuringand sustainable economic development process, is China the only way to shift from the "Madein China" to "Created in China". Innovation will face multiple risks and financing difficultieswhich lead to technological development hamper the advance, Technology Finance become thebasic way to crack the problem. In the recent years，Government at all levels of China hasenacted policies aimed at promote the development of technology financial， practicalexploration had been taken immediately. But the theoretical research about development rule oftechnology finance is still relatively scarce, unable to effectively guide the practice. Therefore,analysis of technology financial mechanism and the development pattern of the present stage inChina have important theoretical and practical significance for cooperative development oftechnology innovation and technology finance.The article carried on the systematic exploration around the development pattern andconstruction of technology financial system in our country. From perspectives of developmentprocess, it analyses the he fit of science and technology; from perspectives of theoretical, itprobe into basic elements such as connotation and features; from perspectives of structure, itinquire into extension of technology finance system, include objects, subjects and intermediaryorganization; from the empirical, it use the provinces data and then discuss the current situationof technology finance in our country; at last, after comparing with the ripe experiences, it takethe example of Guangdong Province to build technology finance system with localcharacteristics.Technology finance is advanced stage in the process of combined with technology andfinance, which has become an independent financial category. All previous technologicalrevolutions have confirmed that technology innovation and technology industry inevitablydevelop after financial innovation. Into the third revolution of science and technology, the fastrhythm of technological innovation makes the stable development of the traditional financial institutions cannot match explosive innovation risk brought by innovation. Under thebackground of technological innovation outbreak, technology and finance will be harmonizedin virtue of technological capital, and eventually come into being a finance of technologicalindustry adapted to innovative activities, which can keep the financial capital flow and circleinto technology finance system. Therefore, technology finance essentially belonged to industryfinance, is an innovative integrated system based on technological capital and aimed ofpromoting technological and financial innovations, which has the characters of high risk, highreturn, high knowledge content, stage evolution, complex and multilayered market,permeability of human capital and management intervention.Facing unperfected capital market in our country，the development pattern of technologyfinance still need to be with the aid of government power, coordinate development of financialinstitutions and multi-level capital market, improve financial environment such as informationplatform and the credit system, cultivating talents of technology finance in order to buildtechnology finance system，which is appropriate local technological innovation and upgradeindustries.