Financial Support For Industrial Transformation Of Resource-based Cities

With the development of the industrialization, resource-based industry has evolved from pillar industry of the national economy to basic industry. Our country’s economy is facing a new pattern: the decline of economic growth rate and the readjustment of economic structure. With the exhaustion of resources and the deterioration of ecological environment, resource-based industry’s transformation becomes inevitable. Tangshan is a typical resource-based city, the economic situation is not optimistic, the traditional pillar industry faces oversupply, sluggish market situation, and there is no substitute industries. Under this situation, the government must play a leading role in the use of market-based instruments, to boost the transformation of traditional industries and develop the alternative industries. As the core of modern economy, finance is an important means of market regulation and is one of the boosters of resource-based urban industrial transformation.Thesis takes the financial development theory, financial intermediation theory, financial deepening theory, and financial symbiosis theory as a theoretical guide and takes a typical resource-based city- Tangshan as a specific example to research the financial support for resource-based industrial transformation. Firstly, the mechanism of financial support for industrial transformation and the successful experience of foreign financial support for industrial transformation are analyzed. Secondly, government, financial supply side, the enterprise as a game’s tripartite to seek a balanced solution for policy analysis. Thirdly, China’s resource-based urban development and financial status of the supply and demand situation are analyzed. Finally, thesis is based on the financial demand and supply situation of Tangshan industrial transformation and presents the optimal policy choice of financial support for industrial transformation: the hybrid financial support policies and puts forward the corresponding countermeasures and suggestions: The government should improve the credit system, improve the guarantee system, and expand financing channels.