Research on Financial Support for Innovation and Integration of Military and Civil Industries

Abstract

The development of military civilian integration can realize the cross domain allocation of financial resources and optimize the allocation efficiency of national financial resources. The theoretical explanation of military civilian integration is to lead the civilian with the military and promote the military with the civilian, which is conducive to the development of cutting-edge technology, the industrialization of cutting-edge technology and the diffusion of advanced technology. Promoting the army by the people is beneficial for military enterprises to make use of civilian technology, capital and market, play the role of scale economy, reduce costs and improve efficiency. The financing mode of military civilian industry integration includes industrial development fund, bank credit and asset-backed bond. The integration of military and civilian needs to establish the capital formation mechanism guided by the government and led by the market, the coordination mechanism of innovation subjects and the operation mechanism of innovation projects. From the experience of international military and civil industry integration and innovation, it is concluded that the financial support of China's military and civil industry integration and innovation needs to establish a diversified financing system in which the government guides market participation, and at the same time, to play an important role in Internet finance.