Traditional and Emerging Sources of Finance

Traditional sources of finance are the main sources of finance on which the country relies for a long period of time, and the opposite of traditional sources of finance is the emerging sources of finance. In China, cigarettes, alcohol, sugar, textiles and so on have been used as traditional sources of wealth, which has its historical origin. After entering the period of economic construction, petroleum, chemical, electric power, machinery and other products to replace, from emerging sources of wealth into traditional sources of wealth, and in a long period of time constraints on the status of financial resources. In recent years, the new technological revolution in the emergence of the information industry, knowledge products, such as computer software, genetic engineering, for the construction of financial resources into a new content. The more developed the economy, the faster the production renewal, the more rapid the development and utilization of new financial resources, which is the main driving force to update the structure of financial resources.

In the process of dealing with the relationship between traditional and new sources of financial resources, should attach importance to the cultivation of traditional sources of financial resources on the basis of the new sources of financial resources without losing time to start. On the one hand, for the traditional industries, traditional products, as long as the social economy needs, we must maintain its momentum of development, and constantly use modern science and technology and advanced management tools to expand its scale, improve production capacity, especially for the traditional financial resources of the old base, we must focus on the connotation of expanding reproduction, in order to renew and transform the injection of follow-up power. For the social economy is no longer needed, or renewal and transformation of the task is too heavy, diminishing economic benefits, can not maintain the average level of social output of the old financial resources, can be withdrawn from the field of financial resources. On the other hand, we should actively open up new areas of financial resources, the development of high precision products, to promote the change of financial resources with emerging power, so that the financial resources are full of vitality and vigor.

Emerging sources of finance is a temporal, over time, the original emerging sources of finance will be transformed into traditional sources of finance, the newly developed areas and become newer emerging sources of finance, which is the source of finance to spit out the past and accept the new cycle of the process. For the economy of Heilongjiang Province, the forestry industry is its traditional source of wealth, while other industries, especially the IT industry is the new source of wealth. For the mining economy in Heilongjiang Province, the energy industry is a traditional source of wealth, non-metallic industry development, geothermal development, etc. are new sources of wealth.