Research On Financial Support For The Development Of China 's Equipment Manufacturing Industry

Equipment manufacturing industry is a unique concept in our country, relative to the international industrial classification standards, scope mainly refers to the international industrial classification standards in the 38 major categories, namely, ISIC38, including metal products, machinery and equipment manufacturing. The equipment manufacturing industry is a general term describing the manufacturing industry that supplies technical equipment for various sectors of the national economy. The equipment manufacturing industry functions as the "prime mover" for the whole industry with crucial influences on the production level and production means of the whole national economy, and is the key indicator of the overall economic strength of a country.After more than 60 years of development, the equipment manufacturing industry in China has made significant achievements but still lags far behind advanced countries in the following main aspects: most of the products are of low added value, the exported products ate mainly labor-intensive and of low technological content; irrational industrial structure, the key equipment, which is the key to the core competitiveness of a country, are not entirely self-sufficient, and equipment needed for the development of national economy and hi-tech industries relies heavily on imports. From the perspective of financial development to promote the upgrading of industrial structure, the reason why China’s equipment manufacturing industry has not yet formed the core competitiveness lies in the low technology R & D investment, the low R & D efficiency, the lack of technological talents, financing difficulties, etc. In the final analysis, the development of the equipment manufacturing industry to high-end is lack of the strong support of financial system.The main structure of this article is based on the theoretical overview, current situation analysis, find the problems, explore the reasons, the experience of reference, put forward the proposed research steps, the full text is divided into five chapters except the introduction, Chapter One discusses China’s equipment manufacturing industry in the development of the status quo, respectively, of the status of the development of China’s equipment manufacturing industry, China’s equipment manufacturing industry, China’s equipment manufacturing industry development the main problems; The second chapter summarizes the history of China’s equipment manufacturing industry financial support; the third chapter is analysis of the causes of China’s equipment manufacturing industry lags behind the development of financial, financial reform, financial policy and financial support from the three aspects are discussed in this paper; The fourth chapter discusses the financial support for the development of equipment manufacturing industry in the developed countries (USA, Germany, Japan) and its experience and Enlightenment; From the developed countries of the equipment manufacturing industry financial support experience, the fifth chapter proposed accelerate China’s equipment manufacturing industry in the development of financial measures, including China’s financial reform and the strategic and financial policy of the equipment manufacturing industry tilt support, in view of the equipment manufacturing industry to build a multi-level financial organization system innovation, and promote the equipment manufacturing industry in the development of financial instruments, and actively develop a multi-level capital market, financial support for the equipment manufacturing industry talent team construction.Within the province of the system abstract method as the basic method, after comparison and analysis, classification, integrated thinking process, especially with the use of the research methods of comparative analysis, the unity of logic and history method, method of combination of qualitative and quantitative analysis, normative analysis and empirical analysis combining.The possible innovation of this paper is shown in the following aspects:first, the innovation of the research perspective. This article will start from the supply side, the study of how to actively and directly from the equipment manufacturing industry itself to adjust the allocation of funds, to promote its sustainable development. Two is the innovation of research methods. This paper tries to use the method of dialectical analysis, grasp the main contradiction, to explore the development of China’s equipment manufacturing industry, the main problems. Three is the innovation of research ideas. In the final analysis, the development of equipment manufacturing industry depends on talent, financial support should highlight the investment in personnel training, improve the quality and skills of equipment manufacturing workers, so that their products have Chinese traditional cultural heritage.The main point of this paper is that the financial return to support the nature of the development of the real economy, limiting economic virtualization, foam, focusing on supporting the development of the main industry, the equipment manufacturing industry. To achieve high-end equipment manufacturing industry, the state-owned large equipment manufacturing enterprises as the main body, the development of small and medium-sized equipment manufacturing enterprises, highlighting its specialization and innovation. The establishment of equipment manufacturing specialized policy banks to support the state-owned key enterprises, state-owned commercial bank credit tilt support, promote the technological innovation of state owned enterprises. Small and medium-sized equipment manufacturing enterprises mainly through multi-level capital market financing, the state to encourage and guide the private capital investment. In the final analysis, the improving of the equipment manufacturing industry development depends on the quality and skills of workers, financial support and technical personnel, innovative talents, management personnel training, increase the investment in basic scientific research. At the same time, actively introduce foreign talent.