适应产业变革 打造类型化产业金融服务新模式

Core Insights - The article emphasizes the need for financial institutions in China to develop new financial service models that align with the evolving demands of new economic industries, particularly focusing on five categories: new consumption, new technology, new digital, new terminals, and future industries [1][4]. Group 1: New Economic Industries - New economic industries are becoming a significant driving force for economic development, with the added value of the new economy projected to reach 24.3 trillion yuan in 2024, accounting for 18.01% of GDP, an increase of 0.43 percentage points from the previous year [2]. - As of June 2025, there are 25.36 million registered new economy enterprises in China, representing a year-on-year growth of 6.6% and exceeding 40% of the total number of enterprises [2]. Group 2: Characteristics of New Economic Industries - New economic industries exhibit distinct characteristics compared to traditional industries, including different driving forces, tighter interdependencies within the industrial chain, higher operational risks, and the creation of diverse social values alongside economic benefits [3]. Group 3: Financial Service Requirements - The traditional financial service model, which relies on collateral and cash flow, is incompatible with the high intangible assets and risks associated with new economic industries, leading to a structural contradiction of "asset scarcity" in financial investment and "capital scarcity" in real investment [4]. Group 4: New Consumption Financial Service Model - The new consumption industry is crucial for expanding domestic demand, with a shift towards service, value, cultural, and green consumption. Financial institutions face challenges in providing services due to the intangible nature of core assets and the lack of market comparables for valuation [5][6]. - Financial institutions must understand the multi-dimensional value of new consumption, focusing on emotional, cultural, and social values, and establish a reasonable valuation system [6][7]. Group 5: New Technology Financial Service Model - The new technology industry is vital for innovation-driven growth, with over 500,000 high-tech enterprises in China as of 2024, an increase of 83% since 2020. However, challenges remain in securing long-term funding and converting technological achievements into marketable products [8][9]. - Financial institutions need to address challenges such as limited understanding of technological innovations, information asymmetry, and differing valuation logic across various new technology sectors [9][10]. Group 6: New Digital Financial Service Model - The digital economy is rapidly growing, with its value added expected to exceed 43% of GDP by 2024. However, financial services for new digital industries are currently insufficient, with a low representation of digital enterprises in the A-share market [11][12]. - Financial institutions must enhance their valuation capabilities for new digital industries and develop a diverse range of investment products to support the growth of digital enterprises [12][13]. Group 7: New Terminal Financial Service Model - The new terminal industry, characterized by deep integration of manufacturing, digital, and technology, requires financial services that can adapt to the evolving relationships within the industrial chain [14][15]. - Financial institutions should provide integrated financial solutions that consider the interdependencies among new terminal enterprises and their supply chains, focusing on value assessment and collaborative development [15][16]. Group 8: Future Industry Financial Service Model - Future industries are marked by breakthroughs in common technologies and face significant risks, including the feasibility of technological paths and the challenges of market demand realization [18][19]. - Financial institutions are encouraged to innovate comprehensive financial service models that address the uncertainties of future industries, leveraging government funds and private equity investments to support long-term development [19][20].