A Case Design On Systematic Financing Planning For Zhuzhou To Build Power Valley

The 18th CPC National Congress proposed that "innovation is a strategic support for enhancing social productivity and comprehensive national strength." At this point,the innovation-driven has officially risen as a national development strategy.As an important old industrial city,it is imminent for Zhuzhou to accelerate the conversion of kinetic energy and the upgrading of the industry.As a result,Zhuzhou will change from the former "train head" to the coming "EMU".As the dominant industry,rail transportation,general aviation and new energy auto industry arc the main battlefields of the transformation and upgrading,and arc also the strongest engines to drive innovation.And Power Valley is the convergence of the three major industries,and to promote the development of industrial clusters in the form of geographic linkage.It is inseparable from the support of funds to develop Power Valley.At the same time,it is difficult to provide long-term funds by relying solely on the financial support of government and traditional financing models.Therefore,it is an inevitable to broaden the financing channels and develop a new mode of diversification and new financing.However,to design financing scheme involves many complex factors,such as financing subjects,financing items,financing conditions,financing tools and policy environment.So it is necessary to make a systematic and long-term plan for financing.Because of the characteristics of Power Valley,this paper combs and summarizes the literature about industrial cluster development at home and abroad at the beginning.And also explains the related concepts of industrial clusters and industrial parks.What's more,pays special attention to the induction and sum up of the applicable investment and financing models for the developnent of industrial clusters and infrastructures.This paper first introduces the blueprint of building power Valley,including goals,strategic positioning,functional layout.And then analyzes the current financing environment and situation in Zhuzhou,eombined with the recent financial policy and the state of financial revenue and expenditure of Zhuzhou municipal government.On this basis,on the one hand,uses the time series model to calculate the medium and long term demand of the power valley construction according to the historical annual data.On the other hand,combined with the macro financial environment of Zhuzhou,calculates the supply of funds,including domestic credit funds,extraterritorial funds,self raised funds and other funds in the state budget.As the concequence,we calculate the funding gap and propose a overall thinking of keeping the balance of financial funds and innovating financing mode.At last,we put forward some policy recommendations,such as improving financial system and factor markets,activating private capital and transforming platform mode.