| Throughout the development of sci-tech finance, this stage is a critical period of its future. The booming scientific and technological business, which leads to the birth and growth of sci-tech banks and branches, provides a rich and reliable source of data for research on sci-tech financing status of commercial banking system, while the urgent needs of the combination of science and finance long to more practical researches and theories in order to the shortages of sci-tech financial business in China.The survey to110commercial banks in Jiangsu Province as samples involves the arrangements and products of sci-tech financial business. The factoring model of banks’ SMEs business performance shows that mode innovation contributes to increase the sci-tech financial ability of banks.The differences between94general banks and16sci-tech branches in sci-tech arrangements are also mentioned.The survey shows that, after two years of practice and exploration, the sci-tech banking financing system which is an organic combination of sci-tech and finance has been initially established and provides higher efficiency in Jiangsu Province. Commercial banks do much better in the organizational arrangements, financial products and model innovation of sci-tech services, while the advantages of sci-tech branches have been fully proved as professional sci-tech institutions to ease the financing difficulties of some high-tech SMEs.Bank loan is the most important financing channel of high-tech SMEs, while other channels develop relatively slowly like venture capital investment and new type of financial institutions.High-tech SMEs in Southern Jiangsu Province have more financing channels, which reduce the demand for loans from commercial banks, but the venture investment and government-funded financing channels for SMEs have not yet been fully established in Northern and Central Jiangsu Province. There are frictional and structural mismatches between the financial needs of SMEs and the banking supply, so simply increasing the credit of banks does not necessarily alleviate SMEs’ financing difficulties. The rates of owning and using of financial products differ a lot, and intellectual property impawn loans and agricultural loans are merely used. Joint-stock commercial banks have the most SMEs business efficiency while the state-owned commercial banks the least. Sci-tech financial Arrangements have a negative impact on the commercial banks’SMEs business efficiency via mainly the scale factor, while sci-tech financial products positive. Sci-tech branch has a comparative advantage in organization arrangements, investment network platform and accounting, but the advantages in service window and financial products are not obvious. City Banks’ efficiency of sci-tech services is higher than other kinds. Small and micro-enterprises have more frequent but divided loans, while medium-sized enterprises have larger amount of a single loan. An increasing number of industries get financing support from sci-tech banking financing services and emerging industries are more favored. |
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