2015•ICTACT Journal on Management StudiesOpen access
POLICY SUGGESTIONS ON THE DEVELOPMENT OF SCI-TECH FINANCE IN ZHEJIANG, CHINA
Yongmin Zhang, Zhou Kaibing, Wen‐Jun Tu, Xi Shen, Jie Tang
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Abstract
Transformation is a pressure faced by Chinese enterprises. As the first productivity, Sci-tech is the key to enterprise transformation and upgrading, and even to national strategic structural adjustment. Most enterprises conducting technological R&D and innovation are all faced with fund shortage. It is crucial and urgent to study how finance promotes Sci-tech progress and development. Based on a large quantity of survey data, by studying the current situation and difficulties of Sci-tech finance development in Zhejiang province in China, this article focuses the two major cities in the province: Hangzhou and Ningbo as typical cases to discuss how to perfect Sci-tech finance policies in Zhejiang province in order to lay the foundation for further promoting Scientific and technological development in Zhejiang province.