The Policy Research Of Nanjing Technology And Finance Development

In the "Twelfth Five-Year Plan" period, China’s economic and technological innovation is one of the major forces in support of sustainable development and economic restructuring, but also the necessary choice to realize the change from the "Made in China" to "Created in China". The Technology and Finance is an important backing of technological innovation and also an important support of improving scientific innovation capability and enhancing the competitiveness of domestic science and technology. China’s central and local governments highly recognized the importance of technology and finance. At the same time, both domestic and foreign scholars also launched a long discussion on how science and finance combine effectively. However, we know that enterprise has a life cycle, for the enterprises in different life cycle, there are different risk characteristics, financing demands and demand models. Therefore, the integration of technology and finance mechanisms should be based on life-cycle theory, targeted at different stages of the business discussions.Research of this article focuses on the core issues that how the policy of Nanjing science and technology finance improves the technology and finance combine effectively, learning from foreign science and technology, life cycle stage theory and other related theories, combining with the situation and the problems of the current technology and finance of Nanjing, using comparative analysis, literature analysis, empirical analysis and theoretical analysis method, proposing redesign of technology and finance and effective integration of technology and finance, and draw the following conclusions:Firstly, Nanjing should combine characteristics of the financial needs of the science and technology enterprises in the entire life cycle, guide the financial institutions to match the resources to different stages of life cycle of the enterprises reasonably, and promote the integration of technology and finance more effectively.Secondly, Nanjing government should urgently base on the features of enterprise in different life cycle stages and the characteristic of the capital requirements, strengthen the promotion of the "fund+incubator", promote the cooperation between the financial institutions of science and technology, strengthen the guiding role of state-owned fund, perfect the financial service platform of science and technology, promote the coordinated development of various levels of capital market, optimize the policy environment for the development of science and technology.Thirdly, Nanjing science and technology financial development should change from cultivating financial institutions to developing the scale of financial institutions of science and technology, setting up and perfecting the service platform of science and technology and enriching the financial services mode.