Equipment manufacturing industry fund brewing establishment

(The brewing and establishment of this industry fund and financial support will constitute "double insurance" for the revitalization of China's equipment manufacturing industry.)

In mid-August, the research group set up a fund to discuss the revitalization of the country's major equipment manufacturing industry and support the development of the industry. Experts and leaders from the China Development Bank, the State Council’s Policy Group and Industrial Group of the Revitalization Northeastern Office, the China Machinery Industry Federation, and the State-owned Economic Research Office of the State Ministry of Finance, discussed with the heads of the Yizhong Group how to use the industrial fund to revitalize the equipment. The content of manufacturing envisagement. In the same period, the National Technical Cooperation Office of the National Development and Reform Commission convened representatives from four provinces of Hunan, Sichuan, Shaanxi, and Hubei, held an equipment manufacturing symposium in Wuhan, Hubei Province, and subsequently manufactured a number of key equipments including four Chinese provinces including China National Heavy Industries Group. Enterprises and research institutes conducted field research.

It is understood that in order to speed up the revitalization of the equipment manufacturing industry, the National Technology Development and Reform Commission's Office of Major Technical Equipment Coordination is conducting research on the topic of “using industrial funds to support industrial rejuvenation.” Once the idea of ​​an industrial fund is approved, it is like a heavy, heavy, etc. to the development of the national economy. Particularly important state-owned backbone equipment manufacturers will receive key support. By then, the equipment manufacturing industry fund and financial support will constitute "double insurance" for the revitalization of China's equipment manufacturing industry.

The idea of ​​establishing a special development fund for the national equipment manufacturing industry has already been proposed by the industry. Its contents include two aspects: On the one hand, the establishment of national equipment manufacturing industry revitalization fund. The fund will be mainly used for subsidies for research and development of important technologies and common technologies, subsidies for cooperation projects for government, production, and research, and working capital loans for key national technology areas and major research and development projects, technological transformation projects, and high-precision product production links. discount. Sources of funds can be considered in three ways: First, special national financial allocations; Second, exemptions from the company's outstanding taxes (mainly corporate value-added tax) and tax returns; The third is to integrate the existing fiscal policy, that is, from the relative wealth of electricity and other wealth Some of the funds allocated for industrial funds are used to support the development of the equipment manufacturing industry; on the other hand, a major equipment development risk fund is established. The production cycle of equipment manufacturing industry is generally longer, and the amount of funds used in the production process is relatively large. Its industry reputation and brand are of equal importance. In addition, the equipment required by some major equipment and high-tech industries is far more affected by the economic prosperity index and fixed asset investment than the general manufacturing industry, and the technical risks are relatively large, and the investment risks brought by it are much higher than others. industry. To this end, a major equipment development risk fund may be set up to support equipment manufacturing companies in the research and development of major technical equipment to encourage and promote the localization of major technical equipment in China. For example, the state can allocate a certain amount of funds from science and technology as a risk fund for enterprises to develop new products, and use subsidies or discounts for equipment buyers and sellers to promote the application of the first (set) equipment.

In addition to the brewing industrial funds, the attempt to use financial revenues to support the revitalization of the equipment manufacturing industry has taken the first step and accelerated. Judging from the history of major industrialized countries, governments of all countries have provided indispensable fiscal and taxation support for the development of equipment manufacturing, and institutionalized and standardized them. For example, the Japanese government adopted diversified fiscal and taxation policies several decades ago, such as support for fiscal allocation, tax relief, preferential import and export tariffs, and industrial orientation for the introduction of foreign capital, and engaged in high-tech development and product innovation for equipment manufacturing companies. Regional development of high-tech industries has given consistent support. The use of fiscal and taxation policies by the government to promote the adjustment of the industrial structure of the equipment manufacturing industry has now become a common practice in many developed countries. Its experience is worth our country's reference.

In terms of policy orientation, due to the characteristics of industry guidance, policy operability, and obvious direct effects of fiscal and taxation policies, it is determined that it will inevitably become an important means for China to revitalize the equipment manufacturing industry. At present, many outstanding problems faced by China's equipment manufacturing industry cannot be completely resolved by the enterprises themselves. For example, the equipment manufacturing company's products are mostly large-scale complete sets of equipment, the production cycle generally takes 12 to 24 months, and the user's start-up payment is only 10% to 20%, requires a lot of liquidity advances to purchase raw materials, accessories, etc. In order to maintain the production and operation. In addition, the equipment manufacturing industry uses more ordering methods for product sales, and the company's ability to respond to market price fluctuations is weak. Most of the pressure of rising raw material prices depends on the internal digestion of the company. Profit transfer has led to a substantial decline in corporate profits, leading to a serious lack of liquidity for many companies, and even on the verge of bankruptcy. In addition, in order to support the development of key and key enterprises and adjust the import and export trade of technical equipment to match the localization, it is necessary to adopt tax intervention measures. At present, principled and intentional documents concerning tax control policies have been issued one after another. However, due to the large number of administrative departments involved in this measure, it is necessary for the Ministry of Finance, the National Development and Reform Commission, the Customs, and other ministries and commissions to cooperate with each other to form specific operational regulations and systems. There is still a lot of work to do.