近日，國務(wu)院(yuan)常務(wu)會(hui)議提出，促進制(zhi)造業(ye)穩增長，需要引(yin)導金融(rong)機構(gou)創新(xin)方式(shi)，緩解中(zhong)小企業(ye)融(rong)資(zi)(zi)難(nan)融(rong)資(zi)(zi)貴。實施(shi)差異化信貸政策，鼓勵增加制(zhi)造業(ye)中(zhong)長期貸款，股權投資(zi)(zi)、債券(quan)融(rong)資(zi)(zi)等(deng)更多向制(zhi)造業(ye)傾斜。

　　新時代證(zheng)券首(shou)席(xi)經濟學家潘向東在接(jie)受(shou)《證(zheng)券日(ri)報》記者采訪時表示，去年，為了緩解(jie)制造(zao)業融(rong)(rong)資難、融(rong)(rong)資貴問題(ti)，政策(ce)上多管齊(qi)下，首(shou)先(xian)，完善“三檔兩優”存款(kuan)準備(bei)金(jin)框架，通(tong)過(guo)(guo)降(jiang)準、MLF等(deng)方式保持(chi)流動性(xing)合理充裕；第(di)二(er)，通(tong)過(guo)(guo)信用(yong)支(zhi)持(chi)政策(ce)，緩解(jie)信用(yong)風險；第(di)三，資本(ben)市場上，設立(li)科創板(ban)并試(shi)點注冊制，完善再融(rong)(rong)資、并購(gou)重(zhong)組等(deng)資本(ben)市場制度，加大直接(jie)融(rong)(rong)資對制造(zao)業的(de)支(zhi)持(chi)；第(di)四，通(tong)過(guo)(guo)LPR改革(ge)等(deng)方式疏通(tong)貨幣政策(ce)傳導機(ji)制。

　　其中(zhong)，資本市場助力制(zhi)造業融(rong)(rong)資效果明(ming)顯，去(qu)年(nian)A股制(zhi)造業直接融(rong)(rong)資規(gui)模保持了增長態勢。

　　東方財(cai)富Choice數據(ju)統計(ji)顯示(shi)，2019年，制(zhi)造業（證監會行(xing)業）IPO融(rong)資1149.55億(yi)元(yuan)，同(tong)(tong)比(bi)增長(chang)(chang)35.56%；增發融(rong)資4018.78億(yi)元(yuan)，同(tong)(tong)比(bi)增長(chang)(chang)25.88%；配股融(rong)資163.61億(yi)元(yuan)，同(tong)(tong)比(bi)增長(chang)(chang)53.8%；債(zhai)券融(rong)資4733.83億(yi)元(yuan)，同(tong)(tong)比(bi)增長(chang)(chang)41.07%。綜上，去年A股制(zhi)造業直接(jie)融(rong)資規模為10065.77億(yi)元(yuan)，同(tong)(tong)比(bi)增長(chang)(chang)34.16%。

　　記(ji)者統(tong)計發現，去(qu)年(nian)制造業(ye)(ye)IPO融(rong)(rong)資(zi)(zi)中(zhong)(zhong)，科創(chuang)板貢獻(xian)了近一半(ban)融(rong)(rong)資(zi)(zi)額。去(qu)年(nian)70家科創(chuang)板企業(ye)(ye)IPO融(rong)(rong)資(zi)(zi)764.89億元，其中(zhong)(zhong)制造業(ye)(ye)融(rong)(rong)資(zi)(zi)572.79億元，在科創(chuang)板IPO融(rong)(rong)資(zi)(zi)中(zhong)(zhong)占比為74.88%。制造業(ye)(ye)通過(guo)科創(chuang)板的(de)IPO融(rong)(rong)資(zi)(zi)規模，在A股IPO融(rong)(rong)資(zi)(zi)規模中(zhong)(zhong)占比約五成(cheng)。

　　寶(bao)新金融(rong)首(shou)席經濟學(xue)家、全球(qiu)金融(rong)科技(ji)實(shi)驗室專家顧問鄭磊(lei)對(dui)《證券(quan)日報》記(ji)者(zhe)表示，從(cong)證券(quan)市(shi)場角度(du)看(kan)(kan)，支持制造業融(rong)資，需要(yao)大力發展制造業企業的(de)高收(shou)益債券(quan)市(shi)場，從(cong)目前看(kan)(kan)，交易(yi)所市(shi)場還是一個主要(yao)渠道。

　　中南財經政(zheng)法大(da)學(xue)數字經濟研(yan)究院執(zhi)行院長盤和林對《證券日報》記者(zhe)表(biao)示，我國制造(zao)(zao)(zao)(zao)業(ye)外源融(rong)(rong)資(zi)(zi)的(de)渠(qu)道(dao)主(zhu)要包括銀行貸款(kuan)、股權(quan)融(rong)(rong)資(zi)(zi)、債券融(rong)(rong)資(zi)(zi)和非標融(rong)(rong)資(zi)(zi)四大(da)類(lei)。為(wei)進一步(bu)支(zhi)持制造(zao)(zao)(zao)(zao)業(ye)融(rong)(rong)資(zi)(zi)，要鼓勵銀行實施差(cha)異化信貸政(zheng)策，增加制造(zao)(zao)(zao)(zao)業(ye)的(de)中長期貸款(kuan)，貸款(kuan)投向向制造(zao)(zao)(zao)(zao)業(ye)傾斜。同時(shi)，要繼(ji)續支(zhi)持制造(zao)(zao)(zao)(zao)業(ye)股權(quan)融(rong)(rong)資(zi)(zi)，支(zhi)持優(you)質(zhi)的(de)民營(ying)企業(ye)不斷擴大(da)債券融(rong)(rong)資(zi)(zi)規模，推動建立(li)多層次資(zi)(zi)本市場(chang)，提(ti)高制造(zao)(zao)(zao)(zao)業(ye)企業(ye)的(de)外源融(rong)(rong)資(zi)(zi)能(neng)力(li)。