“投资者点题 代表委员作答”｜如何破解金融服务实体经济结构性矛盾？·2026全国两会特别策划

Core Viewpoint - The article discusses the need for financial services to better support the real economy, particularly focusing on how to direct funds towards innovative small and medium-sized enterprises (SMEs) and traditional businesses in need of transformation [2]. Group 1: Financial Services and SMEs - There is a significant disparity in funding, with capital favoring large enterprises while innovative SMEs struggle to access financing [2]. - Suggestions include broadening private equity exit channels and innovating the investment-loan linkage mechanism to enhance financial service efficiency for the real economy [2]. Group 2: Private Equity Fund Challenges - Private equity funds face challenges in their funding cycles, particularly due to a slowdown in traditional exit channels like IPOs, which affects their ability to reinvest [4]. - A proposal is made to establish a national, market-oriented private equity fund share trading platform in Hainan to improve transaction efficiency and transparency [4]. Group 3: Investment-Loan Linkage Mechanism - The article emphasizes the need to improve the investment-loan linkage mechanism to encourage banks to invest in technology innovation sectors, as traditional risk assessment methods do not align with the characteristics of tech firms [6][7]. - Recommendations include creating standardized cooperation platforms and enhancing communication between banks and private equity fund managers to foster long-term partnerships [7]. Group 4: Comprehensive Financial Service System - The development of direct financing channels in capital markets is crucial for addressing structural issues in financing, alongside the need for patient capital and support for mergers and acquisitions [9]. - Suggestions include refining policies for merger funds and relaxing certain regulatory requirements to stimulate activity in the capital market [9]. Group 5: Addressing Financing Bottlenecks - To overcome financing challenges for SMEs, financial institutions are encouraged to innovate credit products and local governments to establish risk compensation funds [10]. - The overarching goal is to ensure that funds flow to where they are most needed, thereby supporting innovative SMEs through various financing avenues [10].