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Research on the Influence of Chinese Capital Market on Technological Innovation

Keyi Lu


With the continuous development and change of social economy, the influence of the financial field on China's technological innovation is also increasing. In the financial system, especially the capital market system, has become an important institutional arrangement to promote the technological innovation ability of enterprises. This paper focuses on the advantages and disadvantages of China's capital market on technological innovation and the mechanism of the relationship between capital market and technological innovation.This paper analyzes the current situation of the development of China's multi-level capital market. Secondly, based on the existing research results, it makes a theoretical research and Discussion on the relationship between capital market and technological innovation, and further points out the advantages and disadvantages of China's capital market on technological innovation. Some studies have pointed out that the effect of China's capital market in promoting technological innovation is not obvious,  and the effectiveness of the capital market is insufficient; However, the technological innovation activities of enterprises have brought positive performance in the capital market to a certain extent. Capital market is a platform for investment and financing. Its development has an important impact on the economic growth of enterprises and even the whole society. At the same time, China's capital market has gradually developed with the continuous promotion of the reform and opening-up policy. It not only promotes the development of China's economy and enterprises, but also leads the reform of the financial system, and has an increasing impact on China's economy and society.


Capital Market; Technological Innovation Venture Capital; Reform and Opening Policy; Financial System; Investment Financing

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Included Database


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Huang YP. Financial Innovation to support high-quality economic development [J]. New Financial Review, 2019 (04).

Wu C. Research on the Influence Mechanism of Corporate Governance on Technological Innovation [D]. Shandong University, 2016.

Guo CW. Understanding the relationship between capital market and scientific and technological innovation.2020 (7).

DOI: http://dx.doi.org/10.18686/fm.v8i4.8730