Financial Technology Input,Tax Preference Policy And Angel Investment Development

Angel investment is a core measure to promote the development of the "double innovation" cause.It not only plays a core guiding role in the field of market failure,especially in the front end of the industry,but more importantly,it can ease the pressure of financial funds and stimulate the potential and vitality of social innovation and entrepreneurship.Further promote the society on the road to innovation and development.Because of this,angel investment has high expectations and expectations from relevant parties and governments at all levels.In recent years,although the modern science and technology represented by "Great Wisdom Cloud" has accelerated the development of angel investment business to a certain extent,there is still a big gap between its development level and people's expectations.For this reason,many provinces and cities in China strategically use fiscal technology investment and tax incentives to promote the development of angel investment.So,does the relevant policies promote the development of angel investment? This is a major theoretical and practical issue that deserves in-depth attention.This paper comprehensively uses the methods of literature research,logical reasoning,and empirical tests to systematically analyze the limited level of development of angel investment by financial investment in science and technology and tax incentives.The dissertation first summarizes the relevant theories and research literature on the impact of financial technology investment and tax incentives on angel investment,and collects and organizes the financial technology investment and tax incentive policies issued by angels and provinces across the country,and then analyzes financial technology investment and taxation.The direct impact of preferences on angel investors and indirect effects on investee companies and technology platforms are used to explain the mechanism of fiscal and tax policies on angel investment development.On this basis,using the interprovincial panel data of China from 2009 to 2018 as a sample,the data are first subjected to stationarity test and cointegration test,followed by likelihood ratio test and Hausman test to determine the specific panel data model,and finally Regression analysis was conducted to examine the impact of financial technology investment and tax incentives on the development of angel investment.Based on the theoretical analysis and empirical test,the research conclusions are made,and related policy suggestions are provided to guide angel investment development through policy incen-tives.The research results show that financial technology investment and tax incentives have a significant positive effect on angel investment development.But the financial science and technology fund investment and tax incentives have different incentive effects on angel investment.The incentive effect of tax incentives is more significant than the incentive effect of fiscal technology investment.This is mainly because the incentive effect of tax incentive policies is more direct.The government should use the two policy tools of fiscal technology investment and tax incentives to promote angel investment in China Career development.