Empirical Research On Financial Support For The Growth Of Industrial Enterprises In State-level New Areas

In recent years,China's industrial development has been rapid,which has become an important pillar of the national economy and promoted the improvement of the comprehensive national strength of the basic industry.Because of the production cycle long financing demand and other prominent characteristics the development of industrial enterprises is largely affected by the financial system financial support.The reports of the19 th National Congress of the Communist Party of China comes up very explicitly that deepening the reform of financial system and enhancing the economic ability of financial service entities.But at the present stage,most industrial enterprises in China are still faced with problems such as limited financial support and low financial support efficiency,which greatly restricts the development and progress of China's industry.As a comprehensive functional zone for China's key development and reform and opening up,the state-level new area occupies an important position in China's economic development.Tianjin Binhai new area and Chongqing Liangjiang new area take industry as the key development object,which is typical for studying the industrial development of national new areas.In this study,two new areas with industrial industries as the key development objects were selected as the research objects,using literature research and comparative analysis methods to analyze the current industrial development status of Binhai new area and Liangjiang new area and summarize the achievements and existing problems of industrial development of the two national new areas at the present stage.The differences in industrial structure between the two new areas were analyzed,and the differences in the proportion of industrial output value of major industries and the scale structure of industrial enterprises were extracted.At the same time,the development situation of financial industry in these two new areas and the status quo of financial support for industrial enterprises above their respective sizes were summarized.Second,the Binhai new area and Liangjiang new area's efficiency of industrial enterprises above designated size increase financial is supported for empirical research.The translog production function is built on 2007-2017s' 11 years data and calculate the two national district including Policy banks loans and Commercial bank loans and Equity financing,listed company each of the three main financial support of the output elasticity and contribution rate.It is concluded that there are some problems in the financial support of industrial enterprises in national new area,such as the insufficient financial support of policy Banks,the low utilization rate of industrial loansof commercial Banks and various types of financing scale and industry internal structure does not match.Finally,using the method of combining normative research and empirical research based on the above research.Making policy Suggestions to improve the financial support efficiency of industrial enterprises in state-level new areas from the perspectives of policy bank financial support,commercial bank financial support,listed financial support and innovative financial support.This research to industrial structure difference and regional financial development difference combining research financial support industrial growth,and on the financial support from the angle of dual industrial structure difference to explain the efficiency difference.Thus put forward the financial support national new policy Suggestions on the development of industrial enterprises,which has reference significance for controlling the financial risk of industrial enterprises,improving the investment efficiency and promoting the construction of national new areas.