Merging Mechanism And Policy Of Science&Technology Finance

Science and technology (hereafter referred to as S&T) are the primary productiveforces, while finance is the core of modern economy. In the modern economic society,S&T have become the most active elements of the social productive forces. The integrationof S&T and finance is the objective necessity, and will greatly improve productive qualityand efficiency of S&T.With the acceleration of the economic globalization process and increasing fierce ofinternational competition, it has already been the common choice that improvingcomprehensive national power and core competitiveness by S&T innovation. To build aninnovation-oriented country is a complex system engineering, and requires system andmechanism of finance. In recent years, the governments has attached great importance tothe S&T finance, and made a big progress. However, S&T enterprise is still perplexed bysome problems such as difficulty in financing and low efficiency of innovation. Therefore,the paper interpreted the merging mechanism of S&T finance, summarized the foreignexperience that how S&T merge with finance, explored the current situation of China,revealed the restrictive factors, and put forward some suggestions how S&T merge withfinance in China. The paper is structured as follows:Chapter One is a production. This section, the author interpreted the background andsignificance of this paper, and presented framework and methods, main content, researchideas and methods of the paper.Chapter Two is the basis theory. In this section, concepts related S&T finance weredefined, research at home and abroad were reviewed, the innovation theory and financialdevelopment theory were elaborately described, and summarized some revelation for thisresearch.Chapter Three is analysis about the merging mechanism of S&T finance. In thissection, we explained in detail the inherent formation mechanism and functionalmechanisms on S&T finance. Through this analysis, we lay the theoretical foundation forthe study of the integration path of S&T finance. Chapter Four is international comparisons and domestic analysis. First, we select theUSA and Japan, compare the experience of this two country, summed up the enlightenmentto China. Then we made a comprehensive study about China’s integration of S&T finance,and analyze the constraints.Chapter Five is the paper of the end and the result, based on the combination of eachchapter research, put forward the suggestions about China’s integration of S&T finance.