How to promote the construction of our characteristic town from the perspective of finance

How to Promote the Construction of Characteristic Towns from the Financial Perspective

The construction of characteristic towns has a long way to go, and it is very important how to use various financial support means and make full use of the function of financial intermediary to realize the diversification of the capital source channels and the diversification of the investment methods for the construction of characteristic towns. Macroscopically speaking, finance can promote the development of characteristic towns by optimizing market structure and improving resource allocation efficiency; and the development of characteristic towns can prompt the establishment of a market-led capital formation mechanism through the expansion of industrial platforms, which in turn improves the level of financial promotion.

From the experience of successful industrial clusters and characteristic towns construction at home and abroad, regardless of the form and development mode, financial activities have played an irreplaceable role in the process of booster construction and development. Currently, Zhejiang, Guizhou and other places in China have accumulated many valuable experiences in the construction of characteristic towns. Among them, many policies issued by local governments, especially those related to finance, investment and taxation, have played a great role.

Internationally, in the construction of characteristic towns, giving full play to the role of the market in resource allocation and the role of finance in promoting the construction of characteristic towns cannot be ignored. For example, the construction funds of the French towns of Menton and Coma mainly come from financial allocations, bank loans, bonds, tax revenues and corporate investment, social institutions investment and so on. Therefore, in order to accelerate the construction and development of China's characteristic towns, it is of great significance to explore a road of financial support for the construction and development of China's characteristic towns.

Nowadays, the construction of characteristic towns has been rapidly pushed forward all over the country, but due to resource conditions, especially financial constraints, in general, the construction of characteristic towns is still in the stage of slow start. In many areas of the characteristic town, the industrial support capacity is insufficient, the infrastructure is relatively scarce, the ecological environment owes more, and the talent resources are relatively scarce, coupled with insufficient financial support and great dependence on financial input, leading to the lack of continuous and stable sources of funding and mature resource allocation system in the construction process of many characteristic towns.

Specifically, in the construction process of characteristic town, there are still many deficiencies in financial support. First, the financial system lacks efficiency in the financing of characteristic towns; second, the vacuum of financial support in the financing of construction of characteristic towns; third, the allocation efficiency of financial resources in the construction of characteristic towns is not high; fourth, the function of financial services in the financing of construction of characteristic towns is missing.

In this context, it is particularly important to take corresponding measures to improve the level of financial services in the process of construction of characteristic towns. First of all, it is necessary to further optimize the structure of the financial market and promote the securitization of financing. The optimization of the structure of the financial market is not only the need for the continuous development of the market economy, but also the result of the increase in the proportion of financing securitization. Through the securitization of financing to promote the development of the characteristics of the town, and the introduction of market mechanisms to configure the relevant resources, the resulting long-term economic benefits are obviously more obvious than simply attracting investment.

Secondly, the development of small and medium-sized financial institutions, improve the financial system. Private enterprise-based small and medium-sized enterprises are the characteristics of the town, but also to promote the sustainable development of the town's power and vitality. Therefore, attention must be paid to the establishment of small and medium-sized enterprise financing system, to provide stable and reliable financing channels for the development of small and medium-sized enterprises. The development of small and medium-sized financial institutions must break the monopoly advantage of large state-owned financial institutions, change the policy restrictions that are not conducive to the survival and development of small and medium-sized financial institutions, and create a truly fair competitive environment.

And then secondly, encourage various forms of financial innovation to help the development of characteristic towns. In the construction process of characteristic town, financial investment is inevitable, but with the increasing scale of government indebtedness, it is obviously unrealistic to continuously support the development of characteristic town with financial allocation. Therefore, local governments at all levels should give full play to the leverage of financial investment, and attract social capital by means of subsidized interest, credit, tax reduction and PPP mode to participate in the construction and investment of characteristic towns.

Finally, combine with their own characteristics to provide personalized financial needs. The charm of the construction and development of characteristic town lies in its characteristics. And to do a good job of financial services in the construction of characteristic towns, it is necessary to meet the different financial needs of different subjects. Financial institutions should do a good job of their own traditional financial business at the same time, market and characteristics of the town demand-oriented, high-quality services and characteristics of the service as the core, multi-faceted, multi-form to provide and improve the personalized financial service programs, and constantly meet the development of the characteristics of the town and the need for sustainable business, for the characteristics of the town tailored to provide financial services.

In short, all kinds of financial institutions at all levels should, under the premise of ensuring fairness, openness and competitiveness, look for their own entry points and force points to support the construction of characteristic towns according to their own business characteristics. In front of the diversified trend of financial needs for the construction and development of characteristic towns, they should strengthen the connection and cooperation with other banking and financial institutions such as securities, insurance and investment funds, so as to meet the multifaceted financial needs of characteristic towns.