The influence of financial policy of automobile industry on

With the development of economic globalization and the trend of industrial structure adjustment and upgrading, China's automobile industry is facing the pressure of transformation and upgrading while developing rapidly. In this context, the state has issued a series of financial support policies for the automobile industry, which has promoted the healthy and stable development of the automobile industry, and also promoted the reform and development of the automobile parts manufacturing industry to a certain extent.

First, reduce financing costs and expand production scale

The government reduces the financial pressure of enterprises by giving tax incentives, financial subsidies and other means, and provides low-interest loan services for enterprises, so that enterprises can obtain the required financial support at a lower cost. This will help alleviate the financial difficulties faced by enterprises in technology research and development and equipment renewal, thus promoting their expansion of reproduction and improving market competitiveness.

Second, guide industrial upgrading and transformation

Financial policies are often closely linked with industrial orientation, such as encouraging the research and development of new energy vehicles and their related parts and components. For those enterprises that are committed to the development of green and low-carbon technologies, they will get more support from banks or financial institutions, which is conducive to accelerating the pace of product structure adjustment and technological progress.

Third, enhance international competitiveness

With the change of global trade environment and the increasing saturation of domestic market, exploring overseas markets has become an inevitable choice for many China auto parts manufacturers. Good external financing conditions can not only help enterprises to better cope with the risk of exchange rate fluctuations, but also provide the possibility for them to implement the strategy of transnational mergers and acquisitions, thus enhancing the internationalization level of the whole industry.

Fourth, promote the coordinated development of the industrial chain

By optimizing the supply chain financial service system, the problem of information asymmetry between upstream and downstream enterprises can be effectively solved, and resource sharing and complementary advantages can be realized. For example, providing suppliers with accounts receivable pledge financing services can not only help them withdraw funds in time, but also ensure the normal operation of the main engine plant; Or establish a risk-sharing mechanism, when a link is difficult, other members can share the losses appropriately according to the actual situation and jointly safeguard the safe and stable operation of the whole industrial chain.

To sum up, a reasonable financial policy for the automobile industry can not only directly benefit the vast number of automobile parts manufacturers, but also indirectly promote the growth of related fields and even the entire national economy. Therefore, in the future, we should continue to improve the relevant policy framework and make timely adjustments based on the development trend of the industry in order to give full play to its due role.