金融生态圈模式下商业银行投贷联动业务创新研究  

The Business Innovation of Investment and Loan Linkage of Commercial Banks in the Model of Financial Ecosphere

作　　者：单国俊[1] 张晓宇[2] 

机构地区：[1]复旦大学应用经济学博士后流动站,上海浦东发展银行博士后科研工作站,上海浦东发展银行总行战略发展部,上海200433 [2]复旦大学理论经济学博士后流动站,上海浦东发展银行博士后科研工作站,上海200433

出　　处：《商业经济》2018年第9期147-151,共5页Business & Economy

摘　　要：投贷联动业务是商业银行参与风险投资、支持科创企业发展的新模式。目前我国商业银行的投贷联动模式较为单一,不能有效契合科创企业轻资产、高成长性的融资需求特征。针对投贷联动业务推进中的痛点和难点,提出了投贷联动的金融生态圈模式。该模式下商业银行投贷联动业务围绕科创企业成长基金、PE/VC、产业龙头科技企业、产业并购基金、科技型中小企业等多方主体展开,并融入互联网金融、Fi nt ech、法律和审计等多业态元素。依托大数据、区块链、云计算等数字化手段,在交易撮合、产业对接、资源整合等方面发力,解决"投"、"贷"双方信息不对称、利益诉求不一致等问题,最终形成金融服务的闭环生态系统,从而有效契合科创企业的综合金融服务需求。The investment and loan linkage business isa new model for commercial banks to participate in venture investment andsupport the development of science and innovation enterprises. The model of investment and loan linkage of commercial banks inChina is relatively simple, which cannot effectively meet the financing demand characteristics of science and innovation enterpriseswith light assets and high growth. Aiming at the pain points and difficulties in promoting, the study puts forward the financialecosphere model of investment and loan linkage. Under this model, the linkage business of commercial banks focuses on the growthfund of science and innovation enterprises, PE/VC, industrial leading technology enterprises, industrial M＆A fund, and technology-based SMEs, and integrates multiple business elements such as Internet finance, Fintech, law and auditing. Relying on the digitalmeans in terms of large data, chain blocks and cloud computing, the study develops in terms of deal making, industrial docking andresource integration, resolves information asymmetry and interests appeal inconsistent of investment and loan, and finally forms theclosed-loop ecological system of financial services, so as to effectively fit the comprehensive financial service needs.

关 键 词：生态圈模式 投贷联动 科技型中小企业 

分 类 号：F832[经济管理—金融学]