Core Viewpoint - The article emphasizes the need for financial institutions to develop new service models that align with the demands of emerging industries, particularly in new consumption, new technology, new digital, new terminal, and future industries, as these sectors are becoming crucial for China's economic growth [6][7][8]. Group 1: Importance of New Industries - Emerging industries are becoming a significant driving force for economic development, with the new economy's added value reaching 24.3 trillion yuan in 2024, accounting for 18.01% of GDP, an increase of 0.43 percentage points from the previous year [8]. - As of June 2025, there are 25.36 million registered new economy enterprises in China, a year-on-year increase of 6.6%, representing over 40% of the total number of enterprises [8]. Group 2: Characteristics of New Economy Industries - New economy industries differ from traditional ones in four key aspects: driving forces, industry chain ecology, risk characteristics, and value connotation [9][10]. - New economy industries rely more on digital, technological, and model-driven growth, leading to tighter interdependencies within the industry chain and higher innovation risks [9]. Group 3: Financial Service Models for New Consumption - New consumption industries face challenges in asset valuation and sustainable business model assessment due to their reliance on intangible assets [11][12]. - Financial institutions must consider the multi-dimensional value of new consumption, focusing on emotional, cultural, and social values, and develop a reasonable valuation system [12][13]. Group 4: Financial Service Models for New Technology - New technology industries are crucial for innovation-driven growth, with over 500,000 high-tech enterprises in China as of 2024, an increase of 83% since 2020 [14]. - Financial institutions face challenges in understanding technology risks, information asymmetry, and differing valuation logic across various technology sectors [14][15]. Group 5: Financial Service Models for New Digital Industries - The digital economy's added value is projected to exceed 43% of GDP by 2024, with rapid growth in sectors like industrial internet and smart manufacturing [17]. - Financial institutions need to enhance their valuation and pricing capabilities for new digital industries, as current market practices are insufficient [18][19]. Group 6: Financial Service Models for New Terminal Industries - New terminal industries, characterized by deep integration of manufacturing, digital, and technology, require financial services that adapt to their complex ecosystem [21][22]. - Financial institutions must optimize their value assessment capabilities and provide integrated financial solutions for the entire industry chain [22][23]. Group 7: Financial Service Models for Future Industries - Future industries are marked by technological breakthroughs and significant risks, necessitating innovative financial service models that address these uncertainties [24][25]. - Financial institutions should leverage policy funds and private equity investments to support the development of future industries while managing associated risks [26][27].
适应产业变革 打造类型化产业金融服务新模式
申万宏源研究·2025-12-01 06:38