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Financial Support for China’s Marine Economy: Progress, Challenges and Policy Options for the 14th Five-Year Plan Period (No.169, 2020)
2020-08-19
By Zhang Chenghui, Wang Gang, Zhu Junsheng & Sun Fei, Research Institute of Finance, DRC
Research Report, No.169, 2020 (Total 5913) 2020-7-3
Abstract: Vigorously developing marine economy is an important measure to implement the development strategy of "speeding up building China into a maritime power" put forward by the 19th National Congress of the CPC. Since the 13th Five-Year Plan period, significant progress has been made in financial support for China’s marine economy. The financial support policy system has taken shape, professional financial institutions related to marine economy have been constantly emerging, and institutional mechanism construction and product innovation have been accelerated. However, there are still many problems needed to be resolved, for example, the statistical standard of “marine economy” is unclear, policy support and degree of refinement need to be enhanced, structural problems of financial support stand out, and there are weak links in the maritime infrastructure. During the 14th Five-Year Plan period, we need to seize the favorable opportunities to implement the national strategy for marine development and promote high-quality development of the marine economy. Therefore, it is necessary to further build and improve the financial service system corresponding to the marine economic structure and its financing demands. In view of the current weakness of China’s marine economy, multiple measures need to be adopted in a targeted manner, so as to improve the efficiency and quality of financial services for China’s marine economy.
Keywords: marine economy, financial support, 14th Five-Year Plan
