Finance and the real economy are the same interest body, one glory and one loss. The real economy is the foundation of financial development. Without the support of the real economy, the key of financial services to the real economy lies in giving full play to the supporting role of finance in the innovation of the real economy and cultivating new economic growth points. For innovative economic activities, the role of the financial system is not only to improve the availability of funds, but also to create an efficient "testing ground", to play the role of financial screening innovation under the conditions of controllable risks, and to provide support for the transformation and diffusion of innovation achievements.
Financial support for the real economy is multidimensional, and we can't focus on financing services. The most basic and primitive function of finance is to provide financial services, but this is not the whole content of financial services.
The effective operation of the real economy requires not only capital turnover, but also convenient trading methods, effective risk management means, accurate capital cost signals and perfect corporate governance mechanism.
In these aspects, finance can provide strong support. It is based on these needs of the real economy that finance has formed four basic functions: financing intermediary, payment and settlement, information consultation and risk management. Finance is born for the real economy, and its function is constantly derived around the effective operation of the real economy. The process of financial development is the process of constantly improving and enhancing the ability to serve the real economy.
At present, with the development of financial market, the functions of financial services are constantly expanding, and the focus of services is also changing. If one-sided emphasis is placed on the function of finance to provide funds while ignoring other functions, it will be easy to simplify financial services to the real economy to meet the capital needs of enterprises. If we only limit the vision of financial services to financial support, it will not be conducive to a comprehensive evaluation of the efficiency of financial services, nor to the innovative development of finance itself.
Compared with the demand of real economy development, China's financial innovation is not enough. Different from the excessive financial innovation in developed countries, China still has the problem of insufficient financial innovation at this stage, which can not fully meet the needs of the development of the real economy.
Financial innovation must be based on effective risk prevention, not innovation for innovation's sake, or even a series of risks, but the pace of financial innovation cannot be restrained for risk prevention.
One of the fundamental reasons leading to the international financial crisis in 2008 is that the financial industry in some developed countries mainly relies on self-service and internal circulation to achieve innovation, especially the innovation of financial derivatives, which leads to the excessive expansion of the virtual economy from the real economy and ultimately cannot be maintained.
In view of this, China should pay attention to limiting complex, derivative and entertaining financial innovation, let financial innovation return to the standard of serving the real economy, and provide more and better financial products and services around meeting the development needs of the real economy, so that finance and the real economy can promote each other's progress and flourish in promoting economic and social development.