Reflections on improving industrial investment and financing environment to promote healthy development of commercial aerospace

Authors

Cuilin WU, Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai 200030, China; National Institute of Strategic Studies, Shanghai Jiao Tong University, Shanghai 200030, China; Industry Research Institute, Shanghai Jiao Tong University, Shanghai 200030, ChinaFollow
Chao ZHANG, Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai 200030, China; National Institute of Strategic Studies, Shanghai Jiao Tong University, Shanghai 200030, China; Industry Research Institute, Shanghai Jiao Tong University, Shanghai 200030, China
Quan CHENG, China Academy of Information and Communications Technology, Beijing 100083, ChinaFollow
Hongyu WU, School of Naval Architecture, Ocean and Civil Engineering, Shanghai Jiao Tong University, Shanghai 200240, China

Keywords

commercial aerospace, investment and financing, capital structure, risk sharing, investment and financing ecosystem

Document Type

Strategic Research on High-quality Development of Commercial Space

Abstract

As a new frontier in global technological competition, the sustainable development of the commercial aerospace industry highly depends on a sound and efficient investment and financing environment. Although China’s commercial aerospace investment and financing system has achieved initial progress, it still faces multiple challenges, including imbalanced capital structure, insufficient risk-sharing mechanisms, and weakened market incentives, which constrain industrial innovation and competitiveness. This study systematically analyzes the current status and main challenges of China’s commercial aerospace investment and financing environment and draws on international experience to propose following optimization strategies. First, improve the structure of capital supply and expand diversified financing channels. Second, establish a full-chain risk-sharing mechanism to reduce investment uncertainty. Third, cultivate an open and collaborative financing ecosystem to enhance industrial innovation capability. Fourth, strengthen the policy and regulatory framework to ensure orderly development of the commercial aerospace sector, aiming to build an efficient, rational, and sustainable investment and financing ecosystem. The study seeks to provide strategic and actionable solutions for optimizing China’s commercial aerospace investment and financing, supporting greater breakthroughs in the industry.

First page

1926

Last Page

1936

Language

Chinese

Publisher

Bulletin of Chinese Academy of Sciences

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Recommended Citation

WU, Cuilin; ZHANG, Chao; CHENG, Quan; and WU, Hongyu (2024) "Reflections on improving industrial investment and financing environment to promote healthy development of commercial aerospace," Bulletin of Chinese Academy of Sciences (Chinese Version): Vol. 40 : Iss. 11 , Article 4.
DOI: https://doi.org/10.3724/j.issn.1000-3045.20250821008
Available at: https://bulletinofcas.researchcommons.org/journal/vol40/iss11/4