DYC Bank Technology Finance Development Strategy Research

DYC Bank was founded in 2008.At the beginning of the construction,it formed the vision of "serving agriculture,countryside and small and medium-sized enterprises".DYC bank defined the mission of supporting local economic development.As a large commercial bank in D city,it still faces many challenges,such as the market-oriented interest rate leads to the decrease of credit interest rate and interest margin income;the economic downturn leads to the decline of financial demand of the masses;the competition between the establishment of new banks and the innovation of old banks is intensified;the impact of Internet finance;the requirements of regulatory authorities and so on.According to the financial data of DYC Bank,the total income and after-tax profit of the whole bank in 2017 have declined compared with 2016,and the business scale has obviously shrunk.Therefore,it is very important to find new revenue and profit growth points,establish new strategies and accelerate financial innovation for improving the income of DYC Bank.In recent years,the central and local governments have issued a number of policies to support the development of science and technology finance in order to encourage the combination of science and technology,finance and support the growth and development of science and technology enterprises.In November 2011,the Ministry of Science and Technology and other eight ministries jointly issued"Some Opinions on Promoting the Integration of Science and Technology and Finance and Accelerating the Implementation of Independent Innovation Strategy",which clearly pointed out that"Science and technology are the first productive force,financial institutions should put the implementation of independent innovation strategy in a prominent position,and strengthen credit support and financial services for key technology-based enterprises."In January 2013,the successful launching of the national small and medium-sized enterprises share transfer system and the new third board is another important breakthrough in promoting the equity financing channels of science and technology enterprises,and also an important measure to support the development of small and medium-sized science and technology enterprises.In August 2016,the National Science and Technology Innovation Plan of the 13th Five-Year Plan clearly put forward the idea of "expanding the scale of S&T venture capital and promoting the innovation of S&T financial products and services".It also further clearly pointed out that we should strengthen our efforts to support the innovation and development of S&T enterprises,innovate the means and methods of service,and encourage the practice of first try.All these policies and regulations indicate that China's financial industry has further strengthened its efforts in scientific and technological innovation and economic restructuring,and also indicate that the combination of science and technology and finance will be closer at present and in the future.As an economic province,Shandong is also in the forefront of technological innovation and development.The number of small and medium-sized technological enterprises is relatively large,and D city is no exception.With the support of current policies,small and medium-sized technology-based enterprises will face enormous development space,and the management mode will be further improved.DYC bank should seize this opportunity,break the bondage of traditional financial business,see the development prospects of science and technology SMEs,form a strategy of science and technology finance,provide credit,discount,financial products for science and technology SMEs,and improve bank earnings.However,due to the relatively large risk and relatively loose management mode,it is difficult for DYC banks to provide credit,financial management,letters of credit and other financial services.This is the key problem to be solved in the development strategy of DYC banks'science and technology finance.Compared with ordinary small and medium-sized enterprises,technology-based SMEs have the characteristics of light assets,heavy creativity,explosive growth space,high risks and high returns.By analyzing the factors affecting the internal and external environment of DYC Bank,this paper explores the competitive strategy selection and corresponding implementation strategies of DYC Bank's science and technology finance under the situation of fierce competition in the banking industry,which provides strategic thinking for the development of DYC Bank's science and technology finance and solves key problems.Such as designing differentiated strategic products,forming strategic cooperative relations with government and enterprises,establishing platforms,etc.