The Research Of Financial Support China’s Strategic Emerging Industry Development

After the financial crisis, in both developed and developing countries are concerned about the emerging industry. New energy and energy-saving environmental protection industry become the hotspot of a new round of economic development. Compared with the traditional industries, strategic emerging industries with high investment, high-risk, high-growth characteristics. More important is the strategic emerging industries to drive China’s industrial structure adjustment and transformation of economic development, stimulate economic growth, endogenous motivation to achieve leapfrog development of the Chinese economy. The cultivation, development and the upgrade of strategic emerging industries is a integrated systems support with different factors such as financial, resources, technology, and management. Financial system, including commercial banking, capital markets, play an important function in this process. Therefore, as the focus of the development of China’s "12th Five-Year Plan", explore financial how to support the growth of emerging industries is particularly important. From domestic scholars view the relevant literature on the financial support strategic emerging industries, before clearly defined the concept of strategic emerging industries, the focus of the study is to investigate the financial support for the development of a single industry options. After clearly defined the concept of strategic emerging industries, they take focus on the development of the field of domestic scholars into the path of financial support in the development of strategic emerging industries.In this paper, a method of combining theory with practice, to study the problem of the growth of financial support strategic emerging industries. Firstly, the article departure from the basic theory of the financial support of strategic emerging industries, broad introduced general idea and constraints of financial supporting the strategic emerging industries, and then focus on the interactive mechanism of the growth of strategic emerging industries with financial support.Try to explore the interactive relationship between the financial needs of the industry and the financial supply characteristics from a demand and supply perspective. The empirical part of this paper use panel data, making financial support as emerging industries of strategic growth factors, and the introduction of firm size, asset structure, as well as corporate profitability impact factors as control variables of the model to analyze the impact of the financial support level. The end of the article combined with a quantitative analysis of the empirical results give policy recommendations, developing the capital market and improving the operating efficiency of the capital markets; Developing the venture capital and broaden the sources of venture capital funds, and training more professionals, improving venture capital exit mechanism.