Research On Financial Support Effect Of Strategic Emerging Industry Development

The negative impact of the global financial crisis in 2008 create the world’s economies slowly receded, in this situation, economies whoever seeks force of the next economic cycle of economic growth, will grasp the "engine" of economic boom. Of great significance for a country’s long-term strategic development, new industries become a national concern quickly, the revitalization of the global era of emerging strategic industries to enter a new round of technology and innovation combined. Various regions of the country in response to the call, have introduced policies to support strategically important, the development of new industries; develop without the funds to support the industry, all parties need to actively boost capital in order to achieve leapfrog development, a certain industrial scale, promote local economic development. This article as a starting point to explore the development of emerging industries of strategic financial support, the study of financial support mechanisms and support for emerging industries of strategic effects, in order to enhance the effects of financial support for industrial development.In this paper, it will study three industry of strategic emerging industries industry to be the representatives, collect relevant data to support the next study, analyzing the characteristics of strategic emerging industries, finance features Status of industrial development, financial situation and the mechanism of financial support to support industrial development; development status by studying the three sub-industries, in the space of 31 provinces(cities, districts) of the distribution of financial support for the status quo and the empirical evaluation of eastern Midwest and Chongqing, Sichuan, Guizhou, Yunnan, four regional government financial support funds, bank credit funds for financial support for industrial development and the size of the effect is valid should explore how to enhance the overall development of the financial support for emerging industries of strategic effect of policy recommendations. In the three major industries of strategic emerging industries represented in recent years with the support of the government and financial institutions have indeed made under certain development, has been a substantial increase in output, formed a certain scale of the industry, a new generation of IT industry is relatively large-scale industry; biological pharmaceutical industry is relatively stable; high-end equipment manufacturing is the relatively rapid development industry. However, there are still various industrial development financing difficulties, as the main bank financing, indirect financing less direct financing, financial institutions to support efforts shortage. Further establish vector auto-regression model, eastern, central, western and southwestern region of four provinces and one city empirical evaluation of the effect of financial support, according to the results of quantitative analysis software output, showing the effect of financial support for the three major industries in various regions of government funds and bank funds vary greatly, even in some areas of financial support is invalid, the final results of the empirical basis for policy recommendations to enhance financial support for emerging industries of strategic effects, with a view to improving the financial support of the Government and the various effects of the financial institutions industry.