政府资金作为政府调整市场的一个工具,在为中小企业“加杠杆”的过程中可将更多的收益让渡给社会资本,形成更大的推动力与吸引力。在中国供给侧结构性改革的背景下,通过调节杠杆来促进民营企业自身的完善和发展,显得尤为重要。一些重资产的传统制造业企业杠杆率过高,但一些新兴产业、高科技产业却需要适当加杠杆。特别是对于中小企业,杠杆问题更 As a tool for the government to adjust the market, government funds can give more benefits to social capital and create greater impetus and attraction in the process of “increasing leverage” for SMEs. Under the background of supply-side structural reforms in China, it is particularly important to promote the improvement and development of private-owned enterprises by adjusting their leverage. Some heavily-weighted traditional manufacturing companies have over-leveraged, but some emerging and high-tech industries need to be appropriately leveraged. Especially for SMEs, the issue of leverage is even more