构建适配先进装备制造业集群的现代金融体系

Core Viewpoint - The article emphasizes the need for a modern financial support system that aligns with the development of advanced equipment manufacturing clusters in China, addressing structural mismatches in the current financial support framework [1][2]. Group 1: Structural Mismatches in Financial Support - There is a structural mismatch between financial support and the evolution of advanced equipment manufacturing clusters, which hampers the upgrading of industry capabilities and the transformation process [1][2]. - Financial resources are unevenly distributed, with advanced equipment manufacturing clusters concentrated in eastern coastal regions, while central and western regions face challenges such as limited financing channels and low credit availability [2][3]. - The financing structure shows a mismatch in terms, with a lack of "patient capital" for equipment manufacturing enterprises that require long-term funding due to their high asset intensity and long R&D cycles [2][3]. Group 2: Need for Systematic Financial Reform - A systematic approach is needed to deepen financial supply-side structural reforms, creating a financial support system that covers the entire lifecycle of clusters and enhances collaboration among government, banks, and enterprises [1][4]. - Current financial services do not effectively match the evolving needs of industry clusters, with a tendency to favor mature enterprises over early-stage ones, leading to gaps in support across different development stages [2][3]. Group 3: Recommendations for Financial Support System - It is recommended to establish a diversified financing system that integrates equity, debt, loans, and guarantees, addressing the unique characteristics of the equipment manufacturing industry [5][6]. - Financial product innovation should be promoted throughout the lifecycle of enterprises, including models for technology introduction and government credit enhancement in the formation stage, and green bonds in the mature stage [6][7]. - The establishment of specialized, market-oriented cluster promotion institutions is suggested to improve the efficiency of policy transmission and better match enterprise financing needs with financial institutions [3][6]. Group 4: Importance of Financial Empowerment - Financial empowerment should not merely involve capital injection but should focus on institutional innovation and product adaptation to foster deep integration between the financial system and advanced equipment manufacturing clusters [7]. - A modern financial support system is essential for facilitating the transition from traditional manufacturing to intelligent manufacturing, ultimately contributing to the construction of a modern industrial system and achieving high-level technological self-reliance [7].