By Chen Ning & Zhang Liping, Research Team on “Basic Approach and Major Measures for Going Global during the 14th Five-Year Plan Period”, DRC

Research Report, No.351, 2021 (Total 6416) 2021-11-24

Abstract: Enhancing the position of China’s enterprises in the global industrial chain is an import task in China’s efforts to establish the new development pattern. High-quality financial support is the key to realizing this goal. With the continuous rising of Chinese companies’ global standing, their demand for financial support has become more diversified and invidualized, in a comprehensive manner. However, the support of finance to enterprises in accelerating global industrial chain layout is weakened by limited funds and high capital costs, huge risks for global operation, short of financial services for demand,  inadequate supporting arrangements and insufficient room for international cooperation. In the new development stage, to enable businesses to get better integrated with the new layout, the focus needs to be placed on overcoming these choking points. It is suggested to pursue a synergetic development with specific focus laid on key issues, press ahead with reform and innovation, take measures to control risks and refine supporting arrangements in a bid to enhance Chinese enterprises’ place in global industrial chain with reinforced financial support.                      

Keywords: global industrial chain, financial support, high-quality development