Research On The Financial Policy Guiding The Transformation And Upgrading Of Foshan Industry

Under the new normal economic background,the macro-level countries have obviously strengthened the “ Made in China ” top-level design,focused on promoting industrial transformation and upgrading,and promoted China's transformation from a “manufacturing power” to a “manufacturing power”.Foshan,located in the Pearl River Delta,is China's economic development leader and reform pioneer.As early as in 2008,it took the lead in implementing the “cage-for-cage change” strategy and promoted industrial transformation and upgrading to achieve better results,but also gradually to the development bottleneck.This article analyzes the financial policy aspect of the local government's mesothelioma by taking the strong manufacturing industry and financial city Foshan as the research objects since the new normal of our economy.After 40 years of rapid reform and opening up,Foshan is undergoing a special phase of structural adjustment,acceleration,transformation and upgrading,and active period of technological innovation.Financial policy is crucial to the transformation and upgrading of local industries in Foshan.Therefore,it is particularly urgent to study the financial policy of Foshan industrial transformation and upgrading under the new normal.This paper clarifies the current situation of Foshan's industrial transformation and upgrading,and the current situation of financial policies to guide the development of the industry.By sorting out the financial policies introduced in recent years in Foshan,this paper clarifies the inadequacies of Foshan's financial boosting industry transformation and upgrading: First,inadequate targeted financial policies.The matching between finance and supporting industries is relatively low.Second,policy guidance lacks hard targets.It does not lead to significant investment in credit funds.Third,policy support is weak.The problem of corporate mortgage guarantees has not yet been resolved.Fourth,the policy threshold is relatively high.The participation of the equity and bond markets is relatively low.Fifth,the supporting policies are to be improved and the financial ecological environment is poor.The main reasons for these problems are as follows: first,government agencies use financial instruments to implement inadequate support for industrial support;second,lack of central management departments to coordinate the use of financial policies;third,the relationship between financial policies and the government needs to be further rationalizing,fourth,the financial policy is insufficient for the construction of the financial ecological environment;fifth,the poor communication mechanism between the government and the enterprise leads to difficulties in the connection between industrial capital and financial capital.sixth,the evaluation mechanism for financial policy effects needs to be established.Finally,drawing lessons from the advanced experience at home and abroad,combined with the practice of Foshan,the path of Foshan's financial policy optimization has been clarified,and on this basis,proposals for optimizing Foshan's financial policy have been proposed.This paper mainly uses the combination of literature analysis and field surveys,theoretical research and case studies,and longitudinal and horizontal research methods.This paper combines the related knowledge of public management and government governance with the financial policy of industrial transformation and upgrading.In order to conduct an analysis,we will change from a market-based perspective of the study of finance and industry to the perspective of local governments.We will change the previous research on financial policy at the national level to the prefecture-level level.We will change the previous use of financial instruments from government policies to focusing on financial policy,it has certain theoretical significance for enriching government governance theory,industrial development theory,and financial policy theory.It also has certain practical significance and application value for local governments to use financial policies to guide industrial transformation and upgrading.