Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)

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Research on the Mechanism of Government Support for Sci-Tech Finance from the Perspective of Resource Allocation—A Case Study of Guangdong Province

Authors
Dawei Li1, Yifan Wang2, Ying Pan2, *
1Guangdong Productivity Center, Guangzhou, China
2School of Business Administration, South China University of Technology, Guangzhou, China
*Corresponding author. Email: bmp@mail.scut.edu.cn
Corresponding Author
Ying Pan
Available Online 9 September 2023.
DOI
10.2991/978-2-38476-092-3_206How to use a DOI?
Keywords
sci-tech finance; resource allocation; government; mechanism; case study
Abstract

The development of sci-tech finance is inseparable from government support. The government may play a more critical role than the market, especially in the initial stage. This paper first reviews the research literature related to sci-tech finance and resource allocation during the transformation of government functions. It divides the exploration of Guangdong Province in the government mechanism of sci-tech finance in recent years into three aspects: guidance-incentive mechanism, service-guarantee mechanism, and supervision-constraint mechanism. Then, from the perspective of resource allocation, this paper points out five main problems in the government mechanism of sci-tech finance in Guangdong Province: the macroscopic management system is too scattered, the multi-level investment and financing system should be improved, the status of the national strategic emerging industries is not prominent, the regional agglomeration effect of resources has not been brought into full play, and high-quality external resources from Guangdong-Hong Kong-Macau Greater Bay Area are not introduced. Finally, the paper provides targeted suggestions for directions of improvement and policy recommendations.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
9 September 2023
ISBN
10.2991/978-2-38476-092-3_206
ISSN
2352-5398
DOI
10.2991/978-2-38476-092-3_206How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dawei Li
AU  - Yifan Wang
AU  - Ying Pan
PY  - 2023
DA  - 2023/09/09
TI  - Research on the Mechanism of Government Support for Sci-Tech Finance from the Perspective of Resource Allocation—A Case Study of Guangdong Province
BT  - Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
PB  - Atlantis Press
SP  - 1598
EP  - 1611
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-092-3_206
DO  - 10.2991/978-2-38476-092-3_206
ID  - Li2023
ER  -