The Study On Constructing Tianjin Sic-tech Financial System

Science and technology are the primary productive forces, while finance is the core of modern economy. The synthesis of finance and technology will greatly improve productive efficiency of science and technology. In the post-financial crisis era, in the context of the global economic slowdown, debt crisis in Europe further aggravated, trade protectionism upgrade, our country has been facing many problems due to the irrational structure of long-term economic growth, industrial structure. Through technological innovation, scientific and technological achievements, the combination between the development of high-tech industries and financial capital, not only according with the strategy of building an innovative country, but also having great significance of the structure of China’s economic transformation and upgrading of industrial structure. Since2006, the State Council approved Tianjin Binhai New Area, as a national comprehensive reform place, Tianjin as China’s third economic growth engine, using the advantages of financial innovation to promote the development of science and technology enterprises, high-tech industry cluster strength growth, to achieve economic being the first to restructure, and financial innovation has also been further developed, forming a virtuous circle of science and technology of the financial system.After reviewing domestic and foreign classical literature, this article studies operation mechanism of Sic-tech Financial System in deep. Based on Tianjin, combined with foreign technology and finance the interactive experience between science and technology and finance, as well as characteristics of technology financial services system in other provinces and cities, analyzing the status, highlights and inadequacies of Tianjin Sic-tech Financial System, and give the relevant revelation. Since then, using vector autoregressive model (VAR) Empirical analyzes the relationship between financial and technological innovation in Tianjin nearly30years, first measure the degree of technological innovation in Tianjin, and then builds the VAR model, the empirical results show that there is high degree of association between technology and finance. Finally, according to the analysis of domestic and international experience, the empirical analysis, describing the whole thinking of constructing Tianjin Sic-tech Financial System arrangement, and give suggestions from the market mechanism, government mechanisms and external support system mechanism.