id	sid	tid	token	lemma	pos
ape-56636	1	1	advances	advance	NOUN
ape-56636	1	2	in	in	ADP
ape-56636	1	3	politics	politic	NOUN
ape-56636	1	4	and	and	CCONJ
ape-56636	1	5	economics	economic	NOUN
ape-56636	1	6	issn	issn	VERB
ape-56636	1	7	2576	2576	NUM
ape-56636	1	8	-	-	SYM
ape-56636	1	9	1382	1382	NUM
ape-56636	1	10	(	(	PUNCT
ape-56636	1	11	print	print	NOUN
ape-56636	1	12	)	)	PUNCT
ape-56636	1	13	issn	issn	PROPN
ape-56636	1	14	2576	2576	NUM
ape-56636	1	15	-	-	SYM
ape-56636	1	16	1390	1390	NUM
ape-56636	1	17	(	(	PUNCT
ape-56636	1	18	online	online	ADJ
ape-56636	1	19	)	)	PUNCT
ape-56636	1	20	vol	vol	NOUN
ape-56636	1	21	.	.	NOUN
ape-56636	2	1	8	8	NUM
ape-56636	2	2	,	,	PUNCT
ape-56636	2	3	no	no	INTJ
ape-56636	2	4	.	.	NOUN
ape-56636	2	5	1	1	NUM
ape-56636	2	6	,	,	PUNCT
ape-56636	2	7	2025	2025	NUM
ape-56636	2	8	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	2	9	125	125	NUM
ape-56636	2	10	original	original	ADJ
ape-56636	2	11	paper	paper	NOUN
ape-56636	2	12	rethinking	rethink	VERB
ape-56636	2	13	the	the	DET
ape-56636	2	14	development	development	NOUN
ape-56636	2	15	of	of	ADP
ape-56636	2	16	science	science	NOUN
ape-56636	2	17	and	and	CCONJ
ape-56636	2	18	technology	technology	NOUN
ape-56636	2	19	finance	finance	NOUN
ape-56636	2	20	in	in	ADP
ape-56636	2	21	china	china	PROPN
ape-56636	2	22	xin	xin	PROPN
ape-56636	3	1	dong1	dong1	PROPN
ape-56636	3	2	1	1	NUM
ape-56636	3	3	the	the	DET
ape-56636	3	4	university	university	NOUN
ape-56636	3	5	of	of	ADP
ape-56636	3	6	shanghai	shanghai	PROPN
ape-56636	3	7	for	for	ADP
ape-56636	3	8	science	science	NOUN
ape-56636	3	9	and	and	CCONJ
ape-56636	3	10	technology	technology	NOUN
ape-56636	3	11	,	,	PUNCT
ape-56636	3	12	shanghai	shanghai	PROPN
ape-56636	3	13	,	,	PUNCT
ape-56636	3	14	china	china	PROPN
ape-56636	3	15	received	receive	VERB
ape-56636	3	16	:	:	PUNCT
ape-56636	3	17	august	august	PROPN
ape-56636	3	18	29	29	NUM
ape-56636	3	19	,	,	PUNCT
ape-56636	3	20	2025	2025	NUM
ape-56636	3	21	accepted	accept	VERB
ape-56636	3	22	:	:	PUNCT
ape-56636	3	23	october	october	PROPN
ape-56636	3	24	11	11	NUM
ape-56636	3	25	,	,	PUNCT
ape-56636	3	26	2025	2025	NUM
ape-56636	3	27	online	online	ADV
ape-56636	3	28	published	publish	VERB
ape-56636	3	29	:	:	PUNCT
ape-56636	3	30	october	october	PROPN
ape-56636	3	31	25	25	NUM
ape-56636	3	32	,	,	PUNCT
ape-56636	3	33	2025	2025	NUM
ape-56636	3	34	doi:10.22158	doi:10.22158	NOUN
ape-56636	3	35	/	/	SYM
ape-56636	3	36	ape.v8n1p125	ape.v8n1p125	NOUN
ape-56636	3	37	url	url	NOUN
ape-56636	3	38	:	:	PUNCT
ape-56636	3	39	http://dx.doi.org/10.22158/ape.v8n1p125	http://dx.doi.org/10.22158/ape.v8n1p125	X
ape-56636	3	40	abstract	abstract	ADJ
ape-56636	3	41	technological	technological	ADJ
ape-56636	3	42	innovation	innovation	NOUN
ape-56636	3	43	and	and	CCONJ
ape-56636	3	44	financial	financial	ADJ
ape-56636	3	45	development	development	NOUN
ape-56636	3	46	are	be	AUX
ape-56636	3	47	mutually	mutually	ADV
ape-56636	3	48	reinforcing.the	reinforcing.the	DET
ape-56636	3	49	financial	financial	ADJ
ape-56636	3	50	system	system	NOUN
ape-56636	3	51	alleviates	alleviate	VERB
ape-56636	3	52	the	the	DET
ape-56636	3	53	financing	financing	NOUN
ape-56636	3	54	constraints	constraint	NOUN
ape-56636	3	55	faced	face	VERB
ape-56636	3	56	by	by	ADP
ape-56636	3	57	technological	technological	ADJ
ape-56636	3	58	innovation	innovation	NOUN
ape-56636	3	59	by	by	ADP
ape-56636	3	60	providing	provide	VERB
ape-56636	3	61	services	service	NOUN
ape-56636	3	62	such	such	ADJ
ape-56636	3	63	as	as	ADP
ape-56636	3	64	information	information	NOUN
ape-56636	3	65	incentives	incentive	NOUN
ape-56636	3	66	,	,	PUNCT
ape-56636	3	67	risk	risk	NOUN
ape-56636	3	68	management	management	NOUN
ape-56636	3	69	,	,	PUNCT
ape-56636	3	70	and	and	CCONJ
ape-56636	3	71	intertemporal	intertemporal	ADJ
ape-56636	3	72	resource	resource	NOUN
ape-56636	3	73	allocation	allocation	NOUN
ape-56636	3	74	.	.	PUNCT
ape-56636	4	1	this	this	DET
ape-56636	4	2	paper	paper	NOUN
ape-56636	4	3	first	first	ADV
ape-56636	4	4	reviews	review	VERB
ape-56636	4	5	the	the	DET
ape-56636	4	6	interactive	interactive	ADJ
ape-56636	4	7	relationship	relationship	NOUN
ape-56636	4	8	between	between	ADP
ape-56636	4	9	technological	technological	ADJ
ape-56636	4	10	progress	progress	NOUN
ape-56636	4	11	and	and	CCONJ
ape-56636	4	12	financial	financial	ADJ
ape-56636	4	13	innovation	innovation	NOUN
ape-56636	4	14	during	during	ADP
ape-56636	4	15	the	the	DET
ape-56636	4	16	three	three	NUM
ape-56636	4	17	industrial	industrial	ADJ
ape-56636	4	18	revolutions	revolution	NOUN
ape-56636	4	19	,	,	PUNCT
ape-56636	4	20	clarifying	clarify	VERB
ape-56636	4	21	the	the	DET
ape-56636	4	22	connotation	connotation	NOUN
ape-56636	4	23	and	and	CCONJ
ape-56636	4	24	functional	functional	ADJ
ape-56636	4	25	positioning	positioning	NOUN
ape-56636	4	26	of	of	ADP
ape-56636	4	27	science	science	NOUN
ape-56636	4	28	and	and	CCONJ
ape-56636	4	29	technology	technology	NOUN
ape-56636	4	30	finance	finance	NOUN
ape-56636	4	31	.	.	PUNCT
ape-56636	5	1	subsequently	subsequently	ADV
ape-56636	5	2	,	,	PUNCT
ape-56636	5	3	by	by	ADP
ape-56636	5	4	analyzing	analyze	VERB
ape-56636	5	5	the	the	DET
ape-56636	5	6	structural	structural	ADJ
ape-56636	5	7	characteristics	characteristic	NOUN
ape-56636	5	8	of	of	ADP
ape-56636	5	9	china	china	PROPN
ape-56636	5	10	’s	’s	PART
ape-56636	5	11	financial	financial	ADJ
ape-56636	5	12	system	system	NOUN
ape-56636	5	13	,	,	PUNCT
ape-56636	5	14	it	it	PRON
ape-56636	5	15	points	point	VERB
ape-56636	5	16	out	out	ADP
ape-56636	5	17	the	the	DET
ape-56636	5	18	limitations	limitation	NOUN
ape-56636	5	19	of	of	ADP
ape-56636	5	20	the	the	DET
ape-56636	5	21	government	government	NOUN
ape-56636	5	22	-	-	PUNCT
ape-56636	5	23	dominated	dominate	VERB
ape-56636	5	24	credit	credit	NOUN
ape-56636	5	25	system	system	NOUN
ape-56636	5	26	and	and	CCONJ
ape-56636	5	27	bank	bank	NOUN
ape-56636	5	28	-	-	PUNCT
ape-56636	5	29	dominated	dominate	VERB
ape-56636	5	30	financing	financing	NOUN
ape-56636	5	31	structure	structure	NOUN
ape-56636	5	32	in	in	ADP
ape-56636	5	33	supporting	support	VERB
ape-56636	5	34	technological	technological	ADJ
ape-56636	5	35	innovation	innovation	NOUN
ape-56636	5	36	.	.	PUNCT
ape-56636	6	1	finally	finally	ADV
ape-56636	6	2	,	,	PUNCT
ape-56636	6	3	it	it	PRON
ape-56636	6	4	proposes	propose	VERB
ape-56636	6	5	policy	policy	NOUN
ape-56636	6	6	recommendations	recommendation	NOUN
ape-56636	6	7	for	for	ADP
ape-56636	6	8	improving	improve	VERB
ape-56636	6	9	china	china	PROPN
ape-56636	6	10	’s	’s	PART
ape-56636	6	11	science	science	NOUN
ape-56636	6	12	and	and	CCONJ
ape-56636	6	13	technology	technology	NOUN
ape-56636	6	14	finance	finance	NOUN
ape-56636	6	15	system	system	NOUN
ape-56636	6	16	,	,	PUNCT
ape-56636	6	17	including	include	VERB
ape-56636	6	18	unblocking	unblock	VERB
ape-56636	6	19	the	the	DET
ape-56636	6	20	circulation	circulation	NOUN
ape-56636	6	21	bottlenecks	bottleneck	NOUN
ape-56636	6	22	between	between	ADP
ape-56636	6	23	science	science	NOUN
ape-56636	6	24	,	,	PUNCT
ape-56636	6	25	technology	technology	NOUN
ape-56636	6	26	,	,	PUNCT
ape-56636	6	27	and	and	CCONJ
ape-56636	6	28	finance	finance	NOUN
ape-56636	6	29	,	,	PUNCT
ape-56636	6	30	enriching	enrich	VERB
ape-56636	6	31	the	the	DET
ape-56636	6	32	ecosystem	ecosystem	NOUN
ape-56636	6	33	of	of	ADP
ape-56636	6	34	science	science	NOUN
ape-56636	6	35	and	and	CCONJ
ape-56636	6	36	technology	technology	NOUN
ape-56636	6	37	finance	finance	NOUN
ape-56636	6	38	supply	supply	NOUN
ape-56636	6	39	,	,	PUNCT
ape-56636	6	40	and	and	CCONJ
ape-56636	6	41	establishing	establish	VERB
ape-56636	6	42	a	a	DET
ape-56636	6	43	national	national	ADJ
ape-56636	6	44	-	-	PUNCT
ape-56636	6	45	level	level	NOUN
ape-56636	6	46	science	science	NOUN
ape-56636	6	47	and	and	CCONJ
ape-56636	6	48	technology	technology	NOUN
ape-56636	6	49	finance	finance	NOUN
ape-56636	6	50	support	support	NOUN
ape-56636	6	51	institution	institution	NOUN
ape-56636	6	52	.	.	PUNCT
ape-56636	7	1	keywords	keyword	VERB
ape-56636	7	2	science	science	NOUN
ape-56636	7	3	and	and	CCONJ
ape-56636	7	4	technology	technology	NOUN
ape-56636	7	5	finance	finance	NOUN
ape-56636	7	6	,	,	PUNCT
ape-56636	7	7	financial	financial	ADJ
ape-56636	7	8	system	system	NOUN
ape-56636	7	9	,	,	PUNCT
ape-56636	7	10	technological	technological	ADJ
ape-56636	7	11	innovation	innovation	NOUN
ape-56636	7	12	1	1	NUM
ape-56636	7	13	.	.	PUNCT
ape-56636	7	14	introduction	introduction	NOUN
ape-56636	7	15	after	after	ADP
ape-56636	7	16	more	more	ADJ
ape-56636	7	17	than	than	ADP
ape-56636	7	18	four	four	NUM
ape-56636	7	19	decades	decade	NOUN
ape-56636	7	20	of	of	ADP
ape-56636	7	21	reform	reform	NOUN
ape-56636	7	22	and	and	CCONJ
ape-56636	7	23	opening	opening	NOUN
ape-56636	7	24	up	up	ADP
ape-56636	7	25	,	,	PUNCT
ape-56636	7	26	the	the	DET
ape-56636	7	27	sustainability	sustainability	NOUN
ape-56636	7	28	of	of	ADP
ape-56636	7	29	china	china	PROPN
ape-56636	7	30	’s	’s	PART
ape-56636	7	31	economic	economic	ADJ
ape-56636	7	32	growth	growth	NOUN
ape-56636	7	33	increasingly	increasingly	ADV
ape-56636	7	34	relies	rely	VERB
ape-56636	7	35	on	on	ADP
ape-56636	7	36	technological	technological	ADJ
ape-56636	7	37	innovation	innovation	NOUN
ape-56636	7	38	capabilities.innovation	capabilities.innovation	NOUN
ape-56636	7	39	-	-	PUNCT
ape-56636	7	40	driven	drive	VERB
ape-56636	7	41	development	development	NOUN
ape-56636	7	42	has	have	AUX
ape-56636	7	43	become	become	VERB
ape-56636	7	44	an	an	DET
ape-56636	7	45	inevitable	inevitable	ADJ
ape-56636	7	46	choice	choice	NOUN
ape-56636	7	47	for	for	ADP
ape-56636	7	48	economic	economic	ADJ
ape-56636	7	49	development	development	NOUN
ape-56636	7	50	patterns	pattern	NOUN
ape-56636	7	51	.	.	PUNCT
ape-56636	8	1	technological	technological	ADJ
ape-56636	8	2	innovation	innovation	NOUN
ape-56636	8	3	can	can	AUX
ape-56636	8	4	not	not	PART
ape-56636	8	5	be	be	AUX
ape-56636	8	6	separated	separate	VERB
ape-56636	8	7	from	from	ADP
ape-56636	8	8	financial	financial	ADJ
ape-56636	8	9	support	support	NOUN
ape-56636	8	10	.	.	PUNCT
ape-56636	9	1	a	a	DET
ape-56636	9	2	stable	stable	ADJ
ape-56636	9	3	and	and	CCONJ
ape-56636	9	4	efficient	efficient	ADJ
ape-56636	9	5	financial	financial	ADJ
ape-56636	9	6	system	system	NOUN
ape-56636	9	7	can	can	AUX
ape-56636	9	8	effectively	effectively	ADV
ape-56636	9	9	respond	respond	VERB
ape-56636	9	10	to	to	ADP
ape-56636	9	11	the	the	DET
ape-56636	9	12	financing	financing	NOUN
ape-56636	9	13	constraints	constraint	NOUN
ape-56636	9	14	faced	face	VERB
ape-56636	9	15	by	by	ADP
ape-56636	9	16	technological	technological	ADJ
ape-56636	9	17	innovation	innovation	NOUN
ape-56636	9	18	and	and	CCONJ
ape-56636	9	19	promote	promote	VERB
ape-56636	9	20	its	its	PRON
ape-56636	9	21	stable	stable	ADJ
ape-56636	9	22	and	and	CCONJ
ape-56636	9	23	sustainable	sustainable	ADJ
ape-56636	9	24	development	development	NOUN
ape-56636	9	25	by	by	ADP
ape-56636	9	26	providing	provide	VERB
ape-56636	9	27	services	service	NOUN
ape-56636	9	28	such	such	ADJ
ape-56636	9	29	as	as	ADP
ape-56636	9	30	information	information	NOUN
ape-56636	9	31	production	production	NOUN
ape-56636	9	32	,	,	PUNCT
ape-56636	9	33	incentive	incentive	NOUN
ape-56636	9	34	mechanisms	mechanism	NOUN
ape-56636	9	35	,	,	PUNCT
ape-56636	9	36	risk	risk	NOUN
ape-56636	9	37	management	management	NOUN
ape-56636	9	38	,	,	PUNCT
ape-56636	9	39	and	and	CCONJ
ape-56636	9	40	intertemporal	intertemporal	ADJ
ape-56636	9	41	allocation	allocation	NOUN
ape-56636	9	42	.	.	PUNCT
ape-56636	10	1	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	10	2	advances	advance	VERB
ape-56636	10	3	in	in	ADP
ape-56636	10	4	politics	politic	NOUN
ape-56636	10	5	and	and	CCONJ
ape-56636	10	6	economics	economic	NOUN
ape-56636	10	7	vol	vol	NOUN
ape-56636	10	8	.	.	PROPN
ape-56636	11	1	8	8	NUM
ape-56636	11	2	,	,	PUNCT
ape-56636	11	3	no	no	INTJ
ape-56636	11	4	.	.	NOUN
ape-56636	11	5	1	1	NUM
ape-56636	11	6	,	,	PUNCT
ape-56636	11	7	2025	2025	NUM
ape-56636	11	8	published	publish	VERB
ape-56636	11	9	by	by	ADP
ape-56636	11	10	scholink	scholink	PROPN
ape-56636	11	11	inc	inc	PROPN
ape-56636	11	12	.	.	PROPN
ape-56636	11	13	126	126	NUM
ape-56636	11	14	throughout	throughout	ADP
ape-56636	11	15	human	human	ADJ
ape-56636	11	16	history	history	NOUN
ape-56636	11	17	,	,	PUNCT
ape-56636	11	18	each	each	DET
ape-56636	11	19	industrial	industrial	ADJ
ape-56636	11	20	revolution	revolution	NOUN
ape-56636	11	21	has	have	AUX
ape-56636	11	22	begun	begin	VERB
ape-56636	11	23	with	with	ADP
ape-56636	11	24	a	a	DET
ape-56636	11	25	technological	technological	ADJ
ape-56636	11	26	leap	leap	NOUN
ape-56636	11	27	,	,	PUNCT
ape-56636	11	28	subsequently	subsequently	ADV
ape-56636	11	29	driving	drive	VERB
ape-56636	11	30	changes	change	NOUN
ape-56636	11	31	in	in	ADP
ape-56636	11	32	commercial	commercial	ADJ
ape-56636	11	33	organizational	organizational	ADJ
ape-56636	11	34	forms	form	NOUN
ape-56636	11	35	,	,	PUNCT
ape-56636	11	36	posing	pose	VERB
ape-56636	11	37	new	new	ADJ
ape-56636	11	38	demands	demand	NOUN
ape-56636	11	39	for	for	ADP
ape-56636	11	40	capital	capital	NOUN
ape-56636	11	41	,	,	PUNCT
ape-56636	11	42	and	and	CCONJ
ape-56636	11	43	promoting	promote	VERB
ape-56636	11	44	reforms	reform	NOUN
ape-56636	11	45	in	in	ADP
ape-56636	11	46	the	the	DET
ape-56636	11	47	financial	financial	ADJ
ape-56636	11	48	sector	sector	NOUN
ape-56636	11	49	.	.	PUNCT
ape-56636	12	1	financial	financial	ADJ
ape-56636	12	2	innovation	innovation	NOUN
ape-56636	12	3	,	,	PUNCT
ape-56636	12	4	in	in	ADP
ape-56636	12	5	turn	turn	NOUN
ape-56636	12	6	,	,	PUNCT
ape-56636	12	7	acts	act	VERB
ape-56636	12	8	as	as	ADP
ape-56636	12	9	a	a	DET
ape-56636	12	10	catalyst	catalyst	NOUN
ape-56636	12	11	for	for	ADP
ape-56636	12	12	commercial	commercial	ADJ
ape-56636	12	13	and	and	CCONJ
ape-56636	12	14	technological	technological	ADJ
ape-56636	12	15	progress	progress	NOUN
ape-56636	12	16	.	.	PUNCT
ape-56636	13	1	as	as	SCONJ
ape-56636	13	2	technological	technological	ADJ
ape-56636	13	3	iterations	iteration	NOUN
ape-56636	13	4	become	become	VERB
ape-56636	13	5	more	more	ADV
ape-56636	13	6	frequent	frequent	ADJ
ape-56636	13	7	,	,	PUNCT
ape-56636	13	8	the	the	DET
ape-56636	13	9	demand	demand	NOUN
ape-56636	13	10	for	for	ADP
ape-56636	13	11	financial	financial	ADJ
ape-56636	13	12	innovation	innovation	NOUN
ape-56636	13	13	from	from	ADP
ape-56636	13	14	technological	technological	ADJ
ape-56636	13	15	progress	progress	NOUN
ape-56636	13	16	continues	continue	VERB
ape-56636	13	17	to	to	PART
ape-56636	13	18	increase	increase	VERB
ape-56636	13	19	,	,	PUNCT
ape-56636	13	20	and	and	CCONJ
ape-56636	13	21	the	the	DET
ape-56636	13	22	interactive	interactive	ADJ
ape-56636	13	23	model	model	NOUN
ape-56636	13	24	between	between	ADP
ape-56636	13	25	the	the	DET
ape-56636	13	26	two	two	NUM
ape-56636	13	27	is	be	AUX
ape-56636	13	28	constantly	constantly	ADV
ape-56636	13	29	evolving	evolve	VERB
ape-56636	13	30	.	.	PUNCT
ape-56636	14	1	against	against	ADP
ape-56636	14	2	this	this	DET
ape-56636	14	3	backdrop	backdrop	NOUN
ape-56636	14	4	,	,	PUNCT
ape-56636	14	5	in	in	ADP
ape-56636	14	6	-	-	PUNCT
ape-56636	14	7	depth	depth	NOUN
ape-56636	14	8	research	research	NOUN
ape-56636	14	9	on	on	ADP
ape-56636	14	10	the	the	DET
ape-56636	14	11	development	development	NOUN
ape-56636	14	12	patterns	pattern	NOUN
ape-56636	14	13	of	of	ADP
ape-56636	14	14	science	science	NOUN
ape-56636	14	15	and	and	CCONJ
ape-56636	14	16	technology	technology	NOUN
ape-56636	14	17	finance	finance	NOUN
ape-56636	14	18	and	and	CCONJ
ape-56636	14	19	the	the	DET
ape-56636	14	20	design	design	NOUN
ape-56636	14	21	of	of	ADP
ape-56636	14	22	policy	policy	NOUN
ape-56636	14	23	systems	system	NOUN
ape-56636	14	24	tailored	tailor	VERB
ape-56636	14	25	to	to	ADP
ape-56636	14	26	china	china	PROPN
ape-56636	14	27	’s	’s	PART
ape-56636	14	28	national	national	ADJ
ape-56636	14	29	conditions	condition	NOUN
ape-56636	14	30	are	be	AUX
ape-56636	14	31	of	of	ADP
ape-56636	14	32	great	great	ADJ
ape-56636	14	33	significance	significance	NOUN
ape-56636	14	34	for	for	ADP
ape-56636	14	35	promoting	promote	VERB
ape-56636	14	36	an	an	DET
ape-56636	14	37	innovation	innovation	NOUN
ape-56636	14	38	-	-	PUNCT
ape-56636	14	39	driven	drive	VERB
ape-56636	14	40	development	development	NOUN
ape-56636	14	41	strategy	strategy	NOUN
ape-56636	14	42	.	.	PUNCT
ape-56636	15	1	2	2	X
ape-56636	15	2	.	.	X
ape-56636	15	3	evolution	evolution	NOUN
ape-56636	15	4	of	of	ADP
ape-56636	15	5	financial	financial	ADJ
ape-56636	15	6	innovation	innovation	NOUN
ape-56636	15	7	during	during	ADP
ape-56636	15	8	the	the	DET
ape-56636	15	9	three	three	NUM
ape-56636	15	10	industrial	industrial	ADJ
ape-56636	15	11	revolutions	revolution	NOUN
ape-56636	15	12	2.1	2.1	NUM
ape-56636	15	13	the	the	DET
ape-56636	15	14	first	first	ADJ
ape-56636	15	15	industrial	industrial	ADJ
ape-56636	15	16	revolution	revolution	NOUN
ape-56636	15	17	(	(	PUNCT
ape-56636	15	18	18th	18th	ADJ
ape-56636	15	19	century	century	NOUN
ape-56636	15	20	60s	60	NOUN
ape-56636	15	21	to	to	ADP
ape-56636	15	22	mid-19th	mid-19th	ADJ
ape-56636	15	23	century	century	NOUN
ape-56636	15	24	)	)	PUNCT
ape-56636	15	25	with	with	ADP
ape-56636	15	26	the	the	DET
ape-56636	15	27	widespread	widespread	ADJ
ape-56636	15	28	application	application	NOUN
ape-56636	15	29	of	of	ADP
ape-56636	15	30	the	the	DET
ape-56636	15	31	steam	steam	NOUN
ape-56636	15	32	engine	engine	NOUN
ape-56636	15	33	,	,	PUNCT
ape-56636	15	34	societal	societal	ADJ
ape-56636	15	35	productivity	productivity	NOUN
ape-56636	15	36	underwent	undergo	VERB
ape-56636	15	37	a	a	DET
ape-56636	15	38	breakthrough	breakthrough	NOUN
ape-56636	15	39	transformation	transformation	NOUN
ape-56636	15	40	,	,	PUNCT
ape-56636	15	41	making	make	VERB
ape-56636	15	42	large	large	ADJ
ape-56636	15	43	-	-	PUNCT
ape-56636	15	44	scale	scale	NOUN
ape-56636	15	45	production	production	NOUN
ape-56636	15	46	possible	possible	ADJ
ape-56636	15	47	and	and	CCONJ
ape-56636	15	48	significantly	significantly	ADV
ape-56636	15	49	increasing	increase	VERB
ape-56636	15	50	capital	capital	NOUN
ape-56636	15	51	demand	demand	NOUN
ape-56636	15	52	.	.	PUNCT
ape-56636	16	1	to	to	PART
ape-56636	16	2	meet	meet	VERB
ape-56636	16	3	the	the	DET
ape-56636	16	4	urgent	urgent	ADJ
ape-56636	16	5	funding	funding	NOUN
ape-56636	16	6	needs	need	NOUN
ape-56636	16	7	of	of	ADP
ape-56636	16	8	industrial	industrial	ADJ
ape-56636	16	9	expansion	expansion	NOUN
ape-56636	16	10	,	,	PUNCT
ape-56636	16	11	the	the	DET
ape-56636	16	12	modern	modern	ADJ
ape-56636	16	13	banking	banking	NOUN
ape-56636	16	14	system	system	NOUN
ape-56636	16	15	gradually	gradually	ADV
ape-56636	16	16	emerged	emerge	VERB
ape-56636	16	17	.	.	PUNCT
ape-56636	17	1	the	the	DET
ape-56636	17	2	bank	bank	PROPN
ape-56636	17	3	of	of	ADP
ape-56636	17	4	england	england	PROPN
ape-56636	17	5	was	be	AUX
ape-56636	17	6	established	establish	VERB
ape-56636	17	7	in	in	ADP
ape-56636	17	8	1694	1694	NUM
ape-56636	17	9	.	.	PUNCT
ape-56636	18	1	by	by	ADP
ape-56636	18	2	1825	1825	NUM
ape-56636	18	3	,	,	PUNCT
ape-56636	18	4	the	the	DET
ape-56636	18	5	number	number	NOUN
ape-56636	18	6	of	of	ADP
ape-56636	18	7	banks	bank	NOUN
ape-56636	18	8	in	in	ADP
ape-56636	18	9	britain	britain	PROPN
ape-56636	18	10	exceeded	exceed	VERB
ape-56636	18	11	700	700	NUM
ape-56636	18	12	,	,	PUNCT
ape-56636	18	13	basically	basically	ADV
ape-56636	18	14	achieving	achieve	VERB
ape-56636	18	15	the	the	DET
ape-56636	18	16	effective	effective	ADJ
ape-56636	18	17	conversion	conversion	NOUN
ape-56636	18	18	of	of	ADP
ape-56636	18	19	household	household	NOUN
ape-56636	18	20	savings	saving	NOUN
ape-56636	18	21	into	into	ADP
ape-56636	18	22	industrial	industrial	ADJ
ape-56636	18	23	capital	capital	NOUN
ape-56636	18	24	.	.	PUNCT
ape-56636	19	1	in	in	ADP
ape-56636	19	2	1817	1817	NUM
ape-56636	19	3	,	,	PUNCT
ape-56636	19	4	the	the	DET
ape-56636	19	5	new	new	PROPN
ape-56636	19	6	york	york	PROPN
ape-56636	19	7	stock	stock	PROPN
ape-56636	19	8	exchange	exchange	PROPN
ape-56636	19	9	committee	committee	PROPN
ape-56636	19	10	(	(	PUNCT
ape-56636	19	11	now	now	ADV
ape-56636	19	12	the	the	DET
ape-56636	19	13	new	new	PROPN
ape-56636	19	14	york	york	PROPN
ape-56636	19	15	stock	stock	PROPN
ape-56636	19	16	exchange	exchange	PROPN
ape-56636	19	17	)	)	PUNCT
ape-56636	19	18	was	be	AUX
ape-56636	19	19	established	establish	VERB
ape-56636	19	20	,	,	PUNCT
ape-56636	19	21	and	and	CCONJ
ape-56636	19	22	the	the	DET
ape-56636	19	23	emergence	emergence	NOUN
ape-56636	19	24	of	of	ADP
ape-56636	19	25	railway	railway	NOUN
ape-56636	19	26	stocks	stock	NOUN
ape-56636	19	27	around	around	ADP
ape-56636	19	28	1830	1830	NUM
ape-56636	19	29	marked	mark	VERB
ape-56636	19	30	the	the	DET
ape-56636	19	31	initial	initial	ADJ
ape-56636	19	32	formation	formation	NOUN
ape-56636	19	33	of	of	ADP
ape-56636	19	34	the	the	DET
ape-56636	19	35	early	early	ADJ
ape-56636	19	36	capital	capital	NOUN
ape-56636	19	37	market	market	NOUN
ape-56636	19	38	.	.	PUNCT
ape-56636	20	1	the	the	DET
ape-56636	20	2	most	most	ADV
ape-56636	20	3	representative	representative	ADJ
ape-56636	20	4	financial	financial	ADJ
ape-56636	20	5	innovation	innovation	NOUN
ape-56636	20	6	during	during	ADP
ape-56636	20	7	this	this	DET
ape-56636	20	8	period	period	NOUN
ape-56636	20	9	was	be	AUX
ape-56636	20	10	the	the	DET
ape-56636	20	11	formation	formation	NOUN
ape-56636	20	12	and	and	CCONJ
ape-56636	20	13	operation	operation	NOUN
ape-56636	20	14	of	of	ADP
ape-56636	20	15	commercial	commercial	ADJ
ape-56636	20	16	bank	bank	NOUN
ape-56636	20	17	credit	credit	NOUN
ape-56636	20	18	mechanisms	mechanism	NOUN
ape-56636	20	19	.	.	PUNCT
ape-56636	21	1	banks	bank	NOUN
ape-56636	21	2	absorbed	absorb	VERB
ape-56636	21	3	idle	idle	ADJ
ape-56636	21	4	social	social	ADJ
ape-56636	21	5	funds	fund	NOUN
ape-56636	21	6	and	and	CCONJ
ape-56636	21	7	provided	provide	VERB
ape-56636	21	8	long	long	ADJ
ape-56636	21	9	-	-	PUNCT
ape-56636	21	10	term	term	NOUN
ape-56636	21	11	financing	financing	NOUN
ape-56636	21	12	support	support	NOUN
ape-56636	21	13	for	for	ADP
ape-56636	21	14	emerging	emerge	VERB
ape-56636	21	15	industries	industry	NOUN
ape-56636	21	16	such	such	ADJ
ape-56636	21	17	as	as	ADP
ape-56636	21	18	textiles	textile	NOUN
ape-56636	21	19	,	,	PUNCT
ape-56636	21	20	steel	steel	NOUN
ape-56636	21	21	,	,	PUNCT
ape-56636	21	22	and	and	CCONJ
ape-56636	21	23	railways	railway	NOUN
ape-56636	21	24	,	,	PUNCT
ape-56636	21	25	playing	play	VERB
ape-56636	21	26	a	a	DET
ape-56636	21	27	key	key	ADJ
ape-56636	21	28	role	role	NOUN
ape-56636	21	29	in	in	ADP
ape-56636	21	30	promoting	promote	VERB
ape-56636	21	31	enterprise	enterprise	NOUN
ape-56636	21	32	expansion	expansion	NOUN
ape-56636	21	33	and	and	CCONJ
ape-56636	21	34	industrial	industrial	ADJ
ape-56636	21	35	development	development	NOUN
ape-56636	21	36	.	.	PUNCT
ape-56636	22	1	although	although	SCONJ
ape-56636	22	2	the	the	DET
ape-56636	22	3	stock	stock	NOUN
ape-56636	22	4	market	market	NOUN
ape-56636	22	5	was	be	AUX
ape-56636	22	6	still	still	ADV
ape-56636	22	7	in	in	ADP
ape-56636	22	8	its	its	PRON
ape-56636	22	9	infancy	infancy	NOUN
ape-56636	22	10	,	,	PUNCT
ape-56636	22	11	it	it	PRON
ape-56636	22	12	began	begin	VERB
ape-56636	22	13	to	to	PART
ape-56636	22	14	function	function	VERB
ape-56636	22	15	as	as	ADP
ape-56636	22	16	a	a	DET
ape-56636	22	17	channel	channel	NOUN
ape-56636	22	18	for	for	ADP
ape-56636	22	19	supplementing	supplement	VERB
ape-56636	22	20	enterprise	enterprise	NOUN
ape-56636	22	21	long	long	ADJ
ape-56636	22	22	-	-	PUNCT
ape-56636	22	23	term	term	NOUN
ape-56636	22	24	capital	capital	NOUN
ape-56636	22	25	.	.	PUNCT
ape-56636	23	1	2.2	2.2	NUM
ape-56636	23	2	the	the	DET
ape-56636	23	3	second	second	ADJ
ape-56636	23	4	industrial	industrial	ADJ
ape-56636	23	5	revolution	revolution	NOUN
ape-56636	23	6	(	(	PUNCT
ape-56636	23	7	19th	19th	ADJ
ape-56636	23	8	century	century	NOUN
ape-56636	23	9	60s	60	NOUN
ape-56636	23	10	to	to	ADP
ape-56636	23	11	early	early	ADJ
ape-56636	23	12	20th	20th	ADJ
ape-56636	23	13	century	century	NOUN
ape-56636	23	14	)	)	PUNCT
ape-56636	23	15	the	the	DET
ape-56636	23	16	widespread	widespread	ADJ
ape-56636	23	17	application	application	NOUN
ape-56636	23	18	of	of	ADP
ape-56636	23	19	electricity	electricity	NOUN
ape-56636	23	20	drove	drive	VERB
ape-56636	23	21	industry	industry	NOUN
ape-56636	23	22	further	far	ADV
ape-56636	23	23	towards	towards	ADP
ape-56636	23	24	intensification	intensification	NOUN
ape-56636	23	25	and	and	CCONJ
ape-56636	23	26	organization	organization	NOUN
ape-56636	23	27	,	,	PUNCT
ape-56636	23	28	leading	lead	VERB
ape-56636	23	29	to	to	ADP
ape-56636	23	30	the	the	DET
ape-56636	23	31	emergence	emergence	NOUN
ape-56636	23	32	of	of	ADP
ape-56636	23	33	large	large	ADJ
ape-56636	23	34	-	-	PUNCT
ape-56636	23	35	scale	scale	NOUN
ape-56636	23	36	monopolistic	monopolistic	ADJ
ape-56636	23	37	organizations	organization	NOUN
ape-56636	23	38	such	such	ADJ
ape-56636	23	39	as	as	ADP
ape-56636	23	40	cartels	cartel	NOUN
ape-56636	23	41	and	and	CCONJ
ape-56636	23	42	syndicates	syndicate	NOUN
ape-56636	23	43	,	,	PUNCT
ape-56636	23	44	and	and	CCONJ
ape-56636	23	45	deepening	deepen	VERB
ape-56636	23	46	enterprises	enterprise	NOUN
ape-56636	23	47	’	'	PUNCT
ape-56636	23	48	reliance	reliance	NOUN
ape-56636	23	49	on	on	ADP
ape-56636	23	50	financial	financial	ADJ
ape-56636	23	51	resources	resource	NOUN
ape-56636	23	52	.	.	PUNCT
ape-56636	24	1	financial	financial	ADJ
ape-56636	24	2	innovation	innovation	NOUN
ape-56636	24	3	during	during	ADP
ape-56636	24	4	this	this	DET
ape-56636	24	5	period	period	NOUN
ape-56636	24	6	focused	focus	VERB
ape-56636	24	7	on	on	ADP
ape-56636	24	8	the	the	DET
ape-56636	24	9	rise	rise	NOUN
ape-56636	24	10	of	of	ADP
ape-56636	24	11	investment	investment	NOUN
ape-56636	24	12	banks.on	banks.on	NUM
ape-56636	24	13	the	the	DET
ape-56636	24	14	one	one	NUM
ape-56636	24	15	hand	hand	NOUN
ape-56636	24	16	,	,	PUNCT
ape-56636	24	17	with	with	SCONJ
ape-56636	24	18	the	the	DET
ape-56636	24	19	rapid	rapid	ADJ
ape-56636	24	20	development	development	NOUN
ape-56636	24	21	of	of	ADP
ape-56636	24	22	capital	capital	NOUN
ape-56636	24	23	-	-	PUNCT
ape-56636	24	24	intensive	intensive	ADJ
ape-56636	24	25	industries	industry	NOUN
ape-56636	24	26	such	such	ADJ
ape-56636	24	27	as	as	ADP
ape-56636	24	28	railways	railway	NOUN
ape-56636	24	29	,	,	PUNCT
ape-56636	24	30	manufacturing	manufacturing	NOUN
ape-56636	24	31	,	,	PUNCT
ape-56636	24	32	and	and	CCONJ
ape-56636	24	33	mining	mining	NOUN
ape-56636	24	34	,	,	PUNCT
ape-56636	24	35	commercial	commercial	ADJ
ape-56636	24	36	bank	bank	NOUN
ape-56636	24	37	credit	credit	NOUN
ape-56636	24	38	struggled	struggle	VERB
ape-56636	24	39	to	to	PART
ape-56636	24	40	meet	meet	VERB
ape-56636	24	41	their	their	PRON
ape-56636	24	42	enormous	enormous	ADJ
ape-56636	24	43	financing	financing	NOUN
ape-56636	24	44	needs	need	NOUN
ape-56636	24	45	,	,	PUNCT
ape-56636	24	46	and	and	CCONJ
ape-56636	24	47	enterprises	enterprise	NOUN
ape-56636	24	48	increasingly	increasingly	ADV
ape-56636	24	49	turned	turn	VERB
ape-56636	24	50	to	to	ADP
ape-56636	24	51	issuing	issue	VERB
ape-56636	24	52	stocks	stock	NOUN
ape-56636	24	53	and	and	CCONJ
ape-56636	24	54	bonds	bond	NOUN
ape-56636	24	55	to	to	PART
ape-56636	24	56	expand	expand	VERB
ape-56636	24	57	their	their	PRON
ape-56636	24	58	funding	funding	NOUN
ape-56636	24	59	sources	source	NOUN
ape-56636	24	60	,	,	PUNCT
ape-56636	24	61	driving	drive	VERB
ape-56636	24	62	demand	demand	NOUN
ape-56636	24	63	for	for	ADP
ape-56636	24	64	securities	security	NOUN
ape-56636	24	65	underwriting	underwriting	NOUN
ape-56636	24	66	services	service	NOUN
ape-56636	24	67	.	.	PUNCT
ape-56636	25	1	on	on	ADP
ape-56636	25	2	the	the	DET
ape-56636	25	3	other	other	ADJ
ape-56636	25	4	hand	hand	NOUN
ape-56636	25	5	,	,	PUNCT
ape-56636	25	6	commercial	commercial	ADJ
ape-56636	25	7	banks	bank	NOUN
ape-56636	25	8	were	be	AUX
ape-56636	25	9	unable	unable	ADJ
ape-56636	25	10	to	to	PART
ape-56636	25	11	meet	meet	VERB
ape-56636	25	12	the	the	DET
ape-56636	25	13	demands	demand	NOUN
ape-56636	25	14	of	of	ADP
ape-56636	25	15	numerous	numerous	ADJ
ape-56636	25	16	mergers	merger	NOUN
ape-56636	25	17	and	and	CCONJ
ape-56636	25	18	acquisitions	acquisition	NOUN
ape-56636	25	19	;	;	PUNCT
ape-56636	25	20	from	from	ADP
ape-56636	25	21	1895	1895	NUM
ape-56636	25	22	to	to	ADP
ape-56636	25	23	1904	1904	NUM
ape-56636	25	24	,	,	PUNCT
ape-56636	25	25	the	the	DET
ape-56636	25	26	united	united	PROPN
ape-56636	25	27	states	states	PROPN
ape-56636	25	28	experienced	experience	VERB
ape-56636	25	29	its	its	PRON
ape-56636	25	30	first	first	ADJ
ape-56636	25	31	merger	merger	NOUN
ape-56636	25	32	wave	wave	NOUN
ape-56636	25	33	,	,	PUNCT
ape-56636	25	34	with	with	ADP
ape-56636	25	35	a	a	DET
ape-56636	25	36	significant	significant	ADJ
ape-56636	25	37	trend	trend	NOUN
ape-56636	25	38	of	of	ADP
ape-56636	25	39	integration	integration	NOUN
ape-56636	25	40	between	between	ADP
ape-56636	25	41	industrial	industrial	ADJ
ape-56636	25	42	capital	capital	NOUN
ape-56636	25	43	and	and	CCONJ
ape-56636	25	44	financial	financial	ADJ
ape-56636	25	45	assets	asset	NOUN
ape-56636	25	46	.	.	PUNCT
ape-56636	26	1	the	the	DET
ape-56636	26	2	emergence	emergence	NOUN
ape-56636	26	3	of	of	ADP
ape-56636	26	4	investment	investment	NOUN
ape-56636	26	5	banks	bank	NOUN
ape-56636	26	6	,	,	PUNCT
ape-56636	26	7	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	26	8	advances	advance	NOUN
ape-56636	26	9	in	in	ADP
ape-56636	26	10	politics	politic	NOUN
ape-56636	26	11	and	and	CCONJ
ape-56636	26	12	economics	economic	NOUN
ape-56636	26	13	vol	vol	NOUN
ape-56636	26	14	.	.	PROPN
ape-56636	26	15	8	8	NUM
ape-56636	26	16	,	,	PUNCT
ape-56636	26	17	no	no	INTJ
ape-56636	26	18	.	.	NOUN
ape-56636	26	19	1	1	NUM
ape-56636	26	20	,	,	PUNCT
ape-56636	26	21	2025	2025	NUM
ape-56636	26	22	published	publish	VERB
ape-56636	26	23	by	by	ADP
ape-56636	26	24	scholink	scholink	PROPN
ape-56636	26	25	inc	inc	PROPN
ape-56636	26	26	.	.	PROPN
ape-56636	26	27	127	127	NUM
ape-56636	26	28	specializing	specialize	VERB
ape-56636	26	29	in	in	ADP
ape-56636	26	30	securities	security	NOUN
ape-56636	26	31	underwriting	underwriting	NOUN
ape-56636	26	32	,	,	PUNCT
ape-56636	26	33	corporate	corporate	ADJ
ape-56636	26	34	mergers	merger	NOUN
ape-56636	26	35	and	and	CCONJ
ape-56636	26	36	acquisitions	acquisition	NOUN
ape-56636	26	37	,	,	PUNCT
ape-56636	26	38	and	and	CCONJ
ape-56636	26	39	project	project	NOUN
ape-56636	26	40	financing	financing	NOUN
ape-56636	26	41	,	,	PUNCT
ape-56636	26	42	filled	fill	VERB
ape-56636	26	43	the	the	DET
ape-56636	26	44	gap	gap	NOUN
ape-56636	26	45	in	in	ADP
ape-56636	26	46	commercial	commercial	ADJ
ape-56636	26	47	bank	bank	NOUN
ape-56636	26	48	services	service	NOUN
ape-56636	26	49	in	in	ADP
ape-56636	26	50	the	the	DET
ape-56636	26	51	capital	capital	NOUN
ape-56636	26	52	market	market	NOUN
ape-56636	26	53	,	,	PUNCT
ape-56636	26	54	significantly	significantly	ADV
ape-56636	26	55	enhancing	enhance	VERB
ape-56636	26	56	the	the	DET
ape-56636	26	57	financial	financial	ADJ
ape-56636	26	58	system	system	NOUN
ape-56636	26	59	’s	’s	PART
ape-56636	26	60	ability	ability	NOUN
ape-56636	26	61	to	to	PART
ape-56636	26	62	support	support	VERB
ape-56636	26	63	the	the	DET
ape-56636	26	64	real	real	ADJ
ape-56636	26	65	economy	economy	NOUN
ape-56636	26	66	and	and	CCONJ
ape-56636	26	67	promoting	promote	VERB
ape-56636	26	68	the	the	DET
ape-56636	26	69	increasing	increase	VERB
ape-56636	26	70	maturity	maturity	NOUN
ape-56636	26	71	of	of	ADP
ape-56636	26	72	the	the	DET
ape-56636	26	73	capital	capital	NOUN
ape-56636	26	74	market	market	NOUN
ape-56636	26	75	.	.	PUNCT
ape-56636	27	1	2.3	2.3	NUM
ape-56636	27	2	the	the	DET
ape-56636	27	3	third	third	ADJ
ape-56636	27	4	industrial	industrial	ADJ
ape-56636	27	5	revolution	revolution	NOUN
ape-56636	27	6	(	(	PUNCT
ape-56636	27	7	midto	midto	PROPN
ape-56636	27	8	late	late	ADJ
ape-56636	27	9	20th	20th	ADJ
ape-56636	27	10	century	century	NOUN
ape-56636	27	11	)	)	PUNCT
ape-56636	27	12	the	the	DET
ape-56636	27	13	new	new	ADJ
ape-56636	27	14	round	round	NOUN
ape-56636	27	15	of	of	ADP
ape-56636	27	16	technological	technological	ADJ
ape-56636	27	17	revolution	revolution	NOUN
ape-56636	27	18	,	,	PUNCT
ape-56636	27	19	represented	represent	VERB
ape-56636	27	20	by	by	ADP
ape-56636	27	21	atomic	atomic	ADJ
ape-56636	27	22	energy	energy	NOUN
ape-56636	27	23	,	,	PUNCT
ape-56636	27	24	electronic	electronic	ADJ
ape-56636	27	25	computers	computer	NOUN
ape-56636	27	26	,	,	PUNCT
ape-56636	27	27	aerospace	aerospace	NOUN
ape-56636	27	28	technology	technology	NOUN
ape-56636	27	29	,	,	PUNCT
ape-56636	27	30	and	and	CCONJ
ape-56636	27	31	biotechnology	biotechnology	NOUN
ape-56636	27	32	,	,	PUNCT
ape-56636	27	33	profoundly	profoundly	ADV
ape-56636	27	34	changed	change	VERB
ape-56636	27	35	social	social	ADJ
ape-56636	27	36	production	production	NOUN
ape-56636	27	37	methods	method	NOUN
ape-56636	27	38	and	and	CCONJ
ape-56636	27	39	economic	economic	ADJ
ape-56636	27	40	organizational	organizational	ADJ
ape-56636	27	41	forms.simultaneously	forms.simultaneously	ADV
ape-56636	27	42	,	,	PUNCT
ape-56636	27	43	the	the	DET
ape-56636	27	44	rapid	rapid	ADJ
ape-56636	27	45	development	development	NOUN
ape-56636	27	46	of	of	ADP
ape-56636	27	47	information	information	NOUN
ape-56636	27	48	and	and	CCONJ
ape-56636	27	49	communication	communication	NOUN
ape-56636	27	50	technologies	technology	NOUN
ape-56636	27	51	accelerated	accelerate	VERB
ape-56636	27	52	the	the	DET
ape-56636	27	53	globalization	globalization	NOUN
ape-56636	27	54	of	of	ADP
ape-56636	27	55	economic	economic	ADJ
ape-56636	27	56	activities	activity	NOUN
ape-56636	27	57	,	,	PUNCT
ape-56636	27	58	leading	lead	VERB
ape-56636	27	59	to	to	ADP
ape-56636	27	60	structural	structural	ADJ
ape-56636	27	61	changes	change	NOUN
ape-56636	27	62	in	in	ADP
ape-56636	27	63	the	the	DET
ape-56636	27	64	financial	financial	ADJ
ape-56636	27	65	system.financial	system.financial	ADJ
ape-56636	27	66	innovation	innovation	NOUN
ape-56636	27	67	during	during	ADP
ape-56636	27	68	this	this	DET
ape-56636	27	69	period	period	NOUN
ape-56636	27	70	was	be	AUX
ape-56636	27	71	mainly	mainly	ADV
ape-56636	27	72	reflected	reflect	VERB
ape-56636	27	73	in	in	ADP
ape-56636	27	74	two	two	NUM
ape-56636	27	75	aspects	aspect	NOUN
ape-56636	27	76	:	:	PUNCT
ape-56636	27	77	first	first	ADV
ape-56636	27	78	,	,	PUNCT
ape-56636	27	79	the	the	DET
ape-56636	27	80	internationalization	internationalization	NOUN
ape-56636	27	81	process	process	NOUN
ape-56636	27	82	of	of	ADP
ape-56636	27	83	financial	financial	ADJ
ape-56636	27	84	services	service	NOUN
ape-56636	27	85	accelerated	accelerate	VERB
ape-56636	27	86	.	.	PUNCT
ape-56636	28	1	the	the	DET
ape-56636	28	2	rapid	rapid	ADJ
ape-56636	28	3	expansion	expansion	NOUN
ape-56636	28	4	of	of	ADP
ape-56636	28	5	multinational	multinational	ADJ
ape-56636	28	6	corporations	corporation	NOUN
ape-56636	28	7	and	and	CCONJ
ape-56636	28	8	sustained	sustained	ADJ
ape-56636	28	9	growth	growth	NOUN
ape-56636	28	10	in	in	ADP
ape-56636	28	11	global	global	ADJ
ape-56636	28	12	trade	trade	NOUN
ape-56636	28	13	posed	pose	VERB
ape-56636	28	14	higher	high	ADJ
ape-56636	28	15	requirements	requirement	NOUN
ape-56636	28	16	for	for	ADP
ape-56636	28	17	cross	cross	ADJ
ape-56636	28	18	-	-	ADJ
ape-56636	28	19	border	border	ADJ
ape-56636	28	20	capital	capital	NOUN
ape-56636	28	21	allocation	allocation	NOUN
ape-56636	28	22	and	and	CCONJ
ape-56636	28	23	risk	risk	NOUN
ape-56636	28	24	management	management	NOUN
ape-56636	28	25	.	.	PUNCT
ape-56636	29	1	the	the	DET
ape-56636	29	2	establishment	establishment	NOUN
ape-56636	29	3	of	of	ADP
ape-56636	29	4	multilateral	multilateral	ADJ
ape-56636	29	5	economic	economic	ADJ
ape-56636	29	6	and	and	CCONJ
ape-56636	29	7	trade	trade	NOUN
ape-56636	29	8	organizations	organization	NOUN
ape-56636	29	9	such	such	ADJ
ape-56636	29	10	as	as	ADP
ape-56636	29	11	the	the	DET
ape-56636	29	12	international	international	ADJ
ape-56636	29	13	monetary	monetary	ADJ
ape-56636	29	14	fund	fund	NOUN
ape-56636	29	15	,	,	PUNCT
ape-56636	29	16	world	world	NOUN
ape-56636	29	17	bank	bank	NOUN
ape-56636	29	18	,	,	PUNCT
ape-56636	29	19	and	and	CCONJ
ape-56636	29	20	world	world	NOUN
ape-56636	29	21	trade	trade	NOUN
ape-56636	29	22	organization	organization	NOUN
ape-56636	29	23	provided	provide	VERB
ape-56636	29	24	an	an	DET
ape-56636	29	25	institutional	institutional	ADJ
ape-56636	29	26	basis	basis	NOUN
ape-56636	29	27	for	for	ADP
ape-56636	29	28	a	a	DET
ape-56636	29	29	global	global	ADJ
ape-56636	29	30	financial	financial	ADJ
ape-56636	29	31	coordination	coordination	NOUN
ape-56636	29	32	and	and	CCONJ
ape-56636	29	33	support	support	NOUN
ape-56636	29	34	system	system	NOUN
ape-56636	29	35	.	.	PUNCT
ape-56636	30	1	second	second	ADJ
ape-56636	30	2	,	,	PUNCT
ape-56636	30	3	the	the	DET
ape-56636	30	4	venture	venture	NOUN
ape-56636	30	5	capital	capital	NOUN
ape-56636	30	6	mechanism	mechanism	NOUN
ape-56636	30	7	gradually	gradually	ADV
ape-56636	30	8	took	take	VERB
ape-56636	30	9	shape	shape	NOUN
ape-56636	30	10	.	.	PUNCT
ape-56636	31	1	rapidly	rapidly	ADV
ape-56636	31	2	growing	grow	VERB
ape-56636	31	3	technology	technology	NOUN
ape-56636	31	4	enterprises	enterprise	NOUN
ape-56636	31	5	became	become	VERB
ape-56636	31	6	important	important	ADJ
ape-56636	31	7	drivers	driver	NOUN
ape-56636	31	8	of	of	ADP
ape-56636	31	9	economic	economic	ADJ
ape-56636	31	10	growth	growth	NOUN
ape-56636	31	11	,	,	PUNCT
ape-56636	31	12	but	but	CCONJ
ape-56636	31	13	traditional	traditional	ADJ
ape-56636	31	14	financing	financing	NOUN
ape-56636	31	15	models	model	NOUN
ape-56636	31	16	struggled	struggle	VERB
ape-56636	31	17	to	to	PART
ape-56636	31	18	adapt	adapt	VERB
ape-56636	31	19	to	to	ADP
ape-56636	31	20	their	their	PRON
ape-56636	31	21	high	high	ADJ
ape-56636	31	22	-	-	PUNCT
ape-56636	31	23	risk	risk	NOUN
ape-56636	31	24	and	and	CCONJ
ape-56636	31	25	highly	highly	ADV
ape-56636	31	26	uncertain	uncertain	ADJ
ape-56636	31	27	characteristics	characteristic	NOUN
ape-56636	31	28	.	.	PUNCT
ape-56636	32	1	therefore	therefore	ADV
ape-56636	32	2	,	,	PUNCT
ape-56636	32	3	governments	government	NOUN
ape-56636	32	4	around	around	ADP
ape-56636	32	5	the	the	DET
ape-56636	32	6	world	world	NOUN
ape-56636	32	7	successively	successively	ADV
ape-56636	32	8	established	establish	VERB
ape-56636	32	9	small	small	ADJ
ape-56636	32	10	business	business	NOUN
ape-56636	32	11	investment	investment	NOUN
ape-56636	32	12	companies	company	NOUN
ape-56636	32	13	,	,	PUNCT
ape-56636	32	14	introduced	introduce	VERB
ape-56636	32	15	venture	venture	NOUN
ape-56636	32	16	capital	capital	NOUN
ape-56636	32	17	funds	fund	NOUN
ape-56636	32	18	(	(	PUNCT
ape-56636	32	19	such	such	ADJ
ape-56636	32	20	as	as	ADP
ape-56636	32	21	sequoia	sequoia	NOUN
ape-56636	32	22	capital	capital	NOUN
ape-56636	32	23	)	)	PUNCT
ape-56636	32	24	,	,	PUNCT
ape-56636	32	25	and	and	CCONJ
ape-56636	32	26	promoted	promote	VERB
ape-56636	32	27	the	the	DET
ape-56636	32	28	construction	construction	NOUN
ape-56636	32	29	of	of	ADP
ape-56636	32	30	a	a	DET
ape-56636	32	31	multi	multi	ADJ
ape-56636	32	32	-	-	ADJ
ape-56636	32	33	level	level	ADJ
ape-56636	32	34	capital	capital	NOUN
ape-56636	32	35	market	market	NOUN
ape-56636	32	36	system	system	NOUN
ape-56636	32	37	(	(	PUNCT
ape-56636	32	38	such	such	ADJ
ape-56636	32	39	as	as	ADP
ape-56636	32	40	nasdaq	nasdaq	NOUN
ape-56636	32	41	)	)	PUNCT
ape-56636	32	42	,	,	PUNCT
ape-56636	32	43	effectively	effectively	ADV
ape-56636	32	44	promoting	promote	VERB
ape-56636	32	45	the	the	DET
ape-56636	32	46	commercialization	commercialization	NOUN
ape-56636	32	47	and	and	CCONJ
ape-56636	32	48	industrialization	industrialization	NOUN
ape-56636	32	49	of	of	ADP
ape-56636	32	50	technological	technological	ADJ
ape-56636	32	51	achievements	achievement	NOUN
ape-56636	32	52	and	and	CCONJ
ape-56636	32	53	providing	provide	VERB
ape-56636	32	54	crucial	crucial	ADJ
ape-56636	32	55	financial	financial	ADJ
ape-56636	32	56	support	support	NOUN
ape-56636	32	57	for	for	ADP
ape-56636	32	58	the	the	DET
ape-56636	32	59	formation	formation	NOUN
ape-56636	32	60	of	of	ADP
ape-56636	32	61	technological	technological	ADJ
ape-56636	32	62	innovation	innovation	NOUN
ape-56636	32	63	clusters	cluster	NOUN
ape-56636	32	64	.	.	PUNCT
ape-56636	33	1	3	3	X
ape-56636	33	2	.	.	X
ape-56636	33	3	connotation	connotation	NOUN
ape-56636	33	4	and	and	CCONJ
ape-56636	33	5	functional	functional	ADJ
ape-56636	33	6	positioning	positioning	NOUN
ape-56636	33	7	of	of	ADP
ape-56636	33	8	science	science	NOUN
ape-56636	33	9	and	and	CCONJ
ape-56636	33	10	technology	technology	NOUN
ape-56636	33	11	finance	finance	VERB
ape-56636	33	12	the	the	DET
ape-56636	33	13	development	development	NOUN
ape-56636	33	14	of	of	ADP
ape-56636	33	15	technology	technology	NOUN
ape-56636	33	16	financing	financing	NOUN
ape-56636	33	17	often	often	ADV
ape-56636	33	18	lags	lag	VERB
ape-56636	33	19	behind	behind	ADP
ape-56636	33	20	enterprise	enterprise	NOUN
ape-56636	33	21	and	and	CCONJ
ape-56636	33	22	societal	societal	ADJ
ape-56636	33	23	needs	need	NOUN
ape-56636	33	24	.	.	PUNCT
ape-56636	34	1	on	on	ADP
ape-56636	34	2	the	the	DET
ape-56636	34	3	one	one	NUM
ape-56636	34	4	hand	hand	NOUN
ape-56636	34	5	,	,	PUNCT
ape-56636	34	6	technological	technological	ADJ
ape-56636	34	7	achievements	achievement	NOUN
ape-56636	34	8	possess	possess	VERB
ape-56636	34	9	characteristics	characteristic	NOUN
ape-56636	34	10	such	such	ADJ
ape-56636	34	11	as	as	ADP
ape-56636	34	12	specificity	specificity	NOUN
ape-56636	34	13	,	,	PUNCT
ape-56636	34	14	dependency	dependency	NOUN
ape-56636	34	15	,	,	PUNCT
ape-56636	34	16	virtuality	virtuality	NOUN
ape-56636	34	17	,	,	PUNCT
ape-56636	34	18	monopoly	monopoly	NOUN
ape-56636	34	19	,	,	PUNCT
ape-56636	34	20	spillover	spillover	ADJ
ape-56636	34	21	,	,	PUNCT
ape-56636	34	22	timeliness	timeliness	NOUN
ape-56636	34	23	,	,	PUNCT
ape-56636	34	24	and	and	CCONJ
ape-56636	34	25	optionality	optionality	NOUN
ape-56636	34	26	,	,	PUNCT
ape-56636	34	27	making	make	VERB
ape-56636	34	28	them	they	PRON
ape-56636	34	29	difficult	difficult	ADJ
ape-56636	34	30	to	to	PART
ape-56636	34	31	scientifically	scientifically	ADV
ape-56636	34	32	measure	measure	VERB
ape-56636	34	33	and	and	CCONJ
ape-56636	34	34	trade	trade	NOUN
ape-56636	34	35	.	.	PUNCT
ape-56636	35	1	on	on	ADP
ape-56636	35	2	the	the	DET
ape-56636	35	3	other	other	ADJ
ape-56636	35	4	hand	hand	NOUN
ape-56636	35	5	,	,	PUNCT
ape-56636	35	6	technology	technology	NOUN
ape-56636	35	7	enterprises	enterprise	NOUN
ape-56636	35	8	are	be	AUX
ape-56636	35	9	characterized	characterize	VERB
ape-56636	35	10	by	by	ADP
ape-56636	35	11	intangible	intangible	ADJ
ape-56636	35	12	asset	asset	NOUN
ape-56636	35	13	lightness	lightness	NOUN
ape-56636	35	14	,	,	PUNCT
ape-56636	35	15	high	high	ADJ
ape-56636	35	16	risk	risk	NOUN
ape-56636	35	17	,	,	PUNCT
ape-56636	35	18	information	information	NOUN
ape-56636	35	19	asymmetry	asymmetry	NOUN
ape-56636	35	20	,	,	PUNCT
ape-56636	35	21	small	small	ADJ
ape-56636	35	22	scale	scale	NOUN
ape-56636	35	23	,	,	PUNCT
ape-56636	35	24	and	and	CCONJ
ape-56636	35	25	high	high	ADJ
ape-56636	35	26	growth	growth	NOUN
ape-56636	35	27	potential	potential	NOUN
ape-56636	35	28	,	,	PUNCT
ape-56636	35	29	leading	lead	VERB
ape-56636	35	30	to	to	ADP
ape-56636	35	31	severe	severe	ADJ
ape-56636	35	32	market	market	NOUN
ape-56636	35	33	failures	failure	NOUN
ape-56636	35	34	in	in	ADP
ape-56636	35	35	their	their	PRON
ape-56636	35	36	financing	financing	NOUN
ape-56636	35	37	.	.	PUNCT
ape-56636	36	1	science	science	NOUN
ape-56636	36	2	and	and	CCONJ
ape-56636	36	3	technology	technology	NOUN
ape-56636	36	4	finance	finance	NOUN
ape-56636	36	5	is	be	AUX
ape-56636	36	6	a	a	DET
ape-56636	36	7	systematic	systematic	ADJ
ape-56636	36	8	and	and	CCONJ
ape-56636	36	9	innovative	innovative	ADJ
ape-56636	36	10	arrangement	arrangement	NOUN
ape-56636	36	11	of	of	ADP
ape-56636	36	12	various	various	ADJ
ape-56636	36	13	financial	financial	ADJ
ape-56636	36	14	tools	tool	NOUN
ape-56636	36	15	,	,	PUNCT
ape-56636	36	16	institutions	institution	NOUN
ape-56636	36	17	,	,	PUNCT
ape-56636	36	18	policies	policy	NOUN
ape-56636	36	19	,	,	PUNCT
ape-56636	36	20	and	and	CCONJ
ape-56636	36	21	services	service	NOUN
ape-56636	36	22	aimed	aim	VERB
ape-56636	36	23	at	at	ADP
ape-56636	36	24	promoting	promote	VERB
ape-56636	36	25	technology	technology	NOUN
ape-56636	36	26	development	development	NOUN
ape-56636	36	27	,	,	PUNCT
ape-56636	36	28	achievement	achievement	NOUN
ape-56636	36	29	transformation	transformation	NOUN
ape-56636	36	30	,	,	PUNCT
ape-56636	36	31	and	and	CCONJ
ape-56636	36	32	high	high	ADJ
ape-56636	36	33	-	-	PUNCT
ape-56636	36	34	tech	tech	NOUN
ape-56636	36	35	industry	industry	NOUN
ape-56636	36	36	development	development	NOUN
ape-56636	36	37	.	.	PUNCT
ape-56636	37	1	governments	government	NOUN
ape-56636	37	2	,	,	PUNCT
ape-56636	37	3	enterprises	enterprise	NOUN
ape-56636	37	4	,	,	PUNCT
ape-56636	37	5	markets	market	NOUN
ape-56636	37	6	,	,	PUNCT
ape-56636	37	7	social	social	ADJ
ape-56636	37	8	intermediary	intermediary	ADJ
ape-56636	37	9	organizations	organization	NOUN
ape-56636	37	10	,	,	PUNCT
ape-56636	37	11	and	and	CCONJ
ape-56636	37	12	other	other	ADJ
ape-56636	37	13	entities	entity	NOUN
ape-56636	37	14	provide	provide	VERB
ape-56636	37	15	financial	financial	ADJ
ape-56636	37	16	support	support	NOUN
ape-56636	37	17	in	in	ADP
ape-56636	37	18	the	the	DET
ape-56636	37	19	technological	technological	ADJ
ape-56636	37	20	innovation	innovation	NOUN
ape-56636	37	21	financing	financing	NOUN
ape-56636	37	22	process	process	NOUN
ape-56636	37	23	,	,	PUNCT
ape-56636	37	24	making	make	VERB
ape-56636	37	25	it	it	PRON
ape-56636	37	26	an	an	DET
ape-56636	37	27	important	important	ADJ
ape-56636	37	28	component	component	NOUN
ape-56636	37	29	of	of	ADP
ape-56636	37	30	the	the	DET
ape-56636	37	31	national	national	ADJ
ape-56636	37	32	technological	technological	ADJ
ape-56636	37	33	innovation	innovation	NOUN
ape-56636	37	34	system	system	NOUN
ape-56636	37	35	and	and	CCONJ
ape-56636	37	36	financial	financial	ADJ
ape-56636	37	37	system	system	NOUN
ape-56636	37	38	.	.	PUNCT
ape-56636	38	1	science	science	NOUN
ape-56636	38	2	and	and	CCONJ
ape-56636	38	3	technology	technology	NOUN
ape-56636	38	4	finance	finance	NOUN
ape-56636	38	5	is	be	AUX
ape-56636	38	6	the	the	DET
ape-56636	38	7	organic	organic	ADJ
ape-56636	38	8	integration	integration	NOUN
ape-56636	38	9	of	of	ADP
ape-56636	38	10	“	"	PUNCT
ape-56636	38	11	the	the	DET
ape-56636	38	12	primary	primary	ADJ
ape-56636	38	13	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	38	14	advances	advance	VERB
ape-56636	38	15	in	in	ADP
ape-56636	38	16	politics	politic	NOUN
ape-56636	38	17	and	and	CCONJ
ape-56636	38	18	economics	economic	NOUN
ape-56636	38	19	vol	vol	NOUN
ape-56636	38	20	.	.	PROPN
ape-56636	38	21	8	8	NUM
ape-56636	38	22	,	,	PUNCT
ape-56636	38	23	no	no	INTJ
ape-56636	38	24	.	.	NOUN
ape-56636	38	25	1	1	NUM
ape-56636	38	26	,	,	PUNCT
ape-56636	38	27	2025	2025	NUM
ape-56636	38	28	published	publish	VERB
ape-56636	38	29	by	by	ADP
ape-56636	38	30	scholink	scholink	PROPN
ape-56636	38	31	inc	inc	PROPN
ape-56636	38	32	.	.	PROPN
ape-56636	38	33	128	128	NUM
ape-56636	38	34	productive	productive	ADJ
ape-56636	38	35	force	force	NOUN
ape-56636	38	36	”	"	PUNCT
ape-56636	38	37	and	and	CCONJ
ape-56636	38	38	“	"	PUNCT
ape-56636	38	39	the	the	DET
ape-56636	38	40	primary	primary	ADJ
ape-56636	38	41	driving	driving	NOUN
ape-56636	38	42	force	force	NOUN
ape-56636	38	43	”	"	PUNCT
ape-56636	38	44	,	,	PUNCT
ape-56636	38	45	embodying	embody	VERB
ape-56636	38	46	the	the	DET
ape-56636	38	47	fusion	fusion	NOUN
ape-56636	38	48	of	of	ADP
ape-56636	38	49	technological	technological	ADJ
ape-56636	38	50	and	and	CCONJ
ape-56636	38	51	financial	financial	ADJ
ape-56636	38	52	innovation	innovation	NOUN
ape-56636	38	53	.	.	PUNCT
ape-56636	39	1	the	the	DET
ape-56636	39	2	main	main	ADJ
ape-56636	39	3	functions	function	NOUN
ape-56636	39	4	of	of	ADP
ape-56636	39	5	science	science	NOUN
ape-56636	39	6	and	and	CCONJ
ape-56636	39	7	technology	technology	NOUN
ape-56636	39	8	finance	finance	NOUN
ape-56636	39	9	are	be	AUX
ape-56636	39	10	reflected	reflect	VERB
ape-56636	39	11	in	in	ADP
ape-56636	39	12	the	the	DET
ape-56636	39	13	following	follow	VERB
ape-56636	39	14	aspects	aspect	NOUN
ape-56636	39	15	:	:	PUNCT
ape-56636	39	16	resource	resource	NOUN
ape-56636	39	17	allocation	allocation	NOUN
ape-56636	39	18	function	function	NOUN
ape-56636	39	19	:	:	PUNCT
ape-56636	39	20	from	from	ADP
ape-56636	39	21	a	a	DET
ape-56636	39	22	macro	macro	ADJ
ape-56636	39	23	perspective	perspective	NOUN
ape-56636	39	24	,	,	PUNCT
ape-56636	39	25	science	science	NOUN
ape-56636	39	26	and	and	CCONJ
ape-56636	39	27	technology	technology	NOUN
ape-56636	39	28	finance	finance	NOUN
ape-56636	39	29	must	must	AUX
ape-56636	39	30	provide	provide	VERB
ape-56636	39	31	an	an	DET
ape-56636	39	32	effective	effective	ADJ
ape-56636	39	33	resource	resource	NOUN
ape-56636	39	34	allocation	allocation	NOUN
ape-56636	39	35	mechanism	mechanism	NOUN
ape-56636	39	36	for	for	ADP
ape-56636	39	37	society	society	NOUN
ape-56636	39	38	,	,	PUNCT
ape-56636	39	39	optimizing	optimize	VERB
ape-56636	39	40	social	social	ADJ
ape-56636	39	41	output	output	NOUN
ape-56636	39	42	and	and	CCONJ
ape-56636	39	43	welfare	welfare	NOUN
ape-56636	39	44	with	with	ADP
ape-56636	39	45	limited	limited	ADJ
ape-56636	39	46	resources.society	resources.society	PROPN
ape-56636	39	47	needs	need	VERB
ape-56636	39	48	to	to	PART
ape-56636	39	49	direct	direct	VERB
ape-56636	39	50	resources	resource	NOUN
ape-56636	39	51	towards	towards	ADP
ape-56636	39	52	the	the	DET
ape-56636	39	53	technology	technology	NOUN
ape-56636	39	54	sector	sector	NOUN
ape-56636	39	55	and	and	CCONJ
ape-56636	39	56	the	the	DET
ape-56636	39	57	real	real	ADJ
ape-56636	39	58	economy	economy	NOUN
ape-56636	39	59	to	to	PART
ape-56636	39	60	prevent	prevent	VERB
ape-56636	39	61	excessive	excessive	ADJ
ape-56636	39	62	economic	economic	ADJ
ape-56636	39	63	virtualization	virtualization	NOUN
ape-56636	39	64	.	.	PUNCT
ape-56636	40	1	china	china	PROPN
ape-56636	40	2	’s	’s	PART
ape-56636	40	3	economic	economic	PROPN
ape-56636	40	4	development	development	NOUN
ape-56636	40	5	once	once	ADV
ape-56636	40	6	relied	rely	VERB
ape-56636	40	7	excessively	excessively	ADV
ape-56636	40	8	on	on	ADP
ape-56636	40	9	infrastructure	infrastructure	NOUN
ape-56636	40	10	construction	construction	NOUN
ape-56636	40	11	and	and	CCONJ
ape-56636	40	12	real	real	ADJ
ape-56636	40	13	estate	estate	NOUN
ape-56636	40	14	investment	investment	NOUN
ape-56636	40	15	,	,	PUNCT
ape-56636	40	16	which	which	PRON
ape-56636	40	17	not	not	PART
ape-56636	40	18	only	only	ADV
ape-56636	40	19	caused	cause	VERB
ape-56636	40	20	overcapacity	overcapacity	NOUN
ape-56636	40	21	to	to	ADP
ape-56636	40	22	a	a	DET
ape-56636	40	23	certain	certain	ADJ
ape-56636	40	24	extent	extent	NOUN
ape-56636	40	25	but	but	CCONJ
ape-56636	40	26	also	also	ADV
ape-56636	40	27	triggered	trigger	VERB
ape-56636	40	28	an	an	DET
ape-56636	40	29	economic	economic	ADJ
ape-56636	40	30	virtualization	virtualization	NOUN
ape-56636	40	31	tendency	tendency	NOUN
ape-56636	40	32	,	,	PUNCT
ape-56636	40	33	insufficiently	insufficiently	ADV
ape-56636	40	34	supporting	support	VERB
ape-56636	40	35	consumption	consumption	NOUN
ape-56636	40	36	and	and	CCONJ
ape-56636	40	37	innovation	innovation	NOUN
ape-56636	40	38	.	.	PUNCT
ape-56636	41	1	this	this	DET
ape-56636	41	2	phenomenon	phenomenon	NOUN
ape-56636	41	3	indicates	indicate	VERB
ape-56636	41	4	that	that	SCONJ
ape-56636	41	5	there	there	PRON
ape-56636	41	6	is	be	VERB
ape-56636	41	7	still	still	ADV
ape-56636	41	8	room	room	NOUN
ape-56636	41	9	for	for	ADP
ape-56636	41	10	improvement	improvement	NOUN
ape-56636	41	11	in	in	ADP
ape-56636	41	12	china	china	PROPN
ape-56636	41	13	’s	’s	PART
ape-56636	41	14	macro	macro	ADJ
ape-56636	41	15	-	-	ADJ
ape-56636	41	16	level	level	ADJ
ape-56636	41	17	resource	resource	NOUN
ape-56636	41	18	allocation	allocation	NOUN
ape-56636	41	19	efficiency	efficiency	NOUN
ape-56636	41	20	.	.	PUNCT
ape-56636	42	1	resource	resource	NOUN
ape-56636	42	2	allocation	allocation	NOUN
ape-56636	42	3	efficiency	efficiency	NOUN
ape-56636	42	4	is	be	AUX
ape-56636	42	5	the	the	DET
ape-56636	42	6	result	result	NOUN
ape-56636	42	7	of	of	ADP
ape-56636	42	8	the	the	DET
ape-56636	42	9	combined	combine	VERB
ape-56636	42	10	effects	effect	NOUN
ape-56636	42	11	of	of	ADP
ape-56636	42	12	market	market	NOUN
ape-56636	42	13	mechanisms	mechanism	NOUN
ape-56636	42	14	,	,	PUNCT
ape-56636	42	15	government	government	NOUN
ape-56636	42	16	intervention	intervention	NOUN
ape-56636	42	17	,	,	PUNCT
ape-56636	42	18	and	and	CCONJ
ape-56636	42	19	institutional	institutional	ADJ
ape-56636	42	20	environments	environment	NOUN
ape-56636	42	21	.	.	PUNCT
ape-56636	43	1	information	information	NOUN
ape-56636	43	2	production	production	NOUN
ape-56636	43	3	function	function	NOUN
ape-56636	43	4	:	:	PUNCT
ape-56636	43	5	from	from	ADP
ape-56636	43	6	a	a	DET
ape-56636	43	7	micro	micro	NOUN
ape-56636	43	8	perspective	perspective	NOUN
ape-56636	43	9	,	,	PUNCT
ape-56636	43	10	science	science	NOUN
ape-56636	43	11	and	and	CCONJ
ape-56636	43	12	technology	technology	NOUN
ape-56636	43	13	finance	finance	NOUN
ape-56636	43	14	first	first	ADV
ape-56636	43	15	needs	need	VERB
ape-56636	43	16	to	to	PART
ape-56636	43	17	address	address	VERB
ape-56636	43	18	the	the	DET
ape-56636	43	19	issue	issue	NOUN
ape-56636	43	20	of	of	ADP
ape-56636	43	21	information	information	NOUN
ape-56636	43	22	asymmetry.information	asymmetry.information	NOUN
ape-56636	43	23	asymmetry	asymmetry	NOUN
ape-56636	43	24	refers	refer	VERB
ape-56636	43	25	to	to	ADP
ape-56636	43	26	a	a	DET
ape-56636	43	27	situation	situation	NOUN
ape-56636	43	28	where	where	SCONJ
ape-56636	43	29	transaction	transaction	NOUN
ape-56636	43	30	parties	party	NOUN
ape-56636	43	31	(	(	PUNCT
ape-56636	43	32	such	such	ADJ
ape-56636	43	33	as	as	ADP
ape-56636	43	34	borrowers	borrower	NOUN
ape-56636	43	35	and	and	CCONJ
ape-56636	43	36	lenders	lender	NOUN
ape-56636	43	37	)	)	PUNCT
ape-56636	43	38	possess	possess	VERB
ape-56636	43	39	different	different	ADJ
ape-56636	43	40	quantities	quantity	NOUN
ape-56636	43	41	or	or	CCONJ
ape-56636	43	42	qualities	quality	NOUN
ape-56636	43	43	of	of	ADP
ape-56636	43	44	information	information	NOUN
ape-56636	43	45	,	,	PUNCT
ape-56636	43	46	leading	lead	VERB
ape-56636	43	47	one	one	NUM
ape-56636	43	48	party	party	NOUN
ape-56636	43	49	to	to	PART
ape-56636	43	50	potentially	potentially	ADV
ape-56636	43	51	exploit	exploit	VERB
ape-56636	43	52	its	its	PRON
ape-56636	43	53	information	information	NOUN
ape-56636	43	54	advantage	advantage	NOUN
ape-56636	43	55	to	to	PART
ape-56636	43	56	harm	harm	VERB
ape-56636	43	57	the	the	DET
ape-56636	43	58	other	other	ADJ
ape-56636	43	59	party	party	NOUN
ape-56636	43	60	’s	’s	PART
ape-56636	43	61	interests	interest	NOUN
ape-56636	43	62	,	,	PUNCT
ape-56636	43	63	thereby	thereby	ADV
ape-56636	43	64	distorting	distort	VERB
ape-56636	43	65	resource	resource	NOUN
ape-56636	43	66	allocation	allocation	NOUN
ape-56636	43	67	,	,	PUNCT
ape-56636	43	68	reducing	reduce	VERB
ape-56636	43	69	market	market	NOUN
ape-56636	43	70	efficiency	efficiency	NOUN
ape-56636	43	71	,	,	PUNCT
ape-56636	43	72	hindering	hinder	VERB
ape-56636	43	73	transaction	transaction	NOUN
ape-56636	43	74	completion	completion	NOUN
ape-56636	43	75	,	,	PUNCT
ape-56636	43	76	and	and	CCONJ
ape-56636	43	77	even	even	ADV
ape-56636	43	78	triggering	trigger	VERB
ape-56636	43	79	systemic	systemic	ADJ
ape-56636	43	80	risks	risk	NOUN
ape-56636	43	81	.	.	PUNCT
ape-56636	44	1	information	information	NOUN
ape-56636	44	2	production	production	NOUN
ape-56636	44	3	is	be	AUX
ape-56636	44	4	an	an	DET
ape-56636	44	5	important	important	ADJ
ape-56636	44	6	means	mean	NOUN
ape-56636	44	7	to	to	PART
ape-56636	44	8	address	address	VERB
ape-56636	44	9	information	information	NOUN
ape-56636	44	10	asymmetry	asymmetry	NOUN
ape-56636	44	11	,	,	PUNCT
ape-56636	44	12	but	but	CCONJ
ape-56636	44	13	this	this	PRON
ape-56636	44	14	is	be	AUX
ape-56636	44	15	not	not	PART
ape-56636	44	16	the	the	DET
ape-56636	44	17	responsibility	responsibility	NOUN
ape-56636	44	18	of	of	ADP
ape-56636	44	19	a	a	DET
ape-56636	44	20	single	single	ADJ
ape-56636	44	21	financial	financial	ADJ
ape-56636	44	22	institution	institution	NOUN
ape-56636	44	23	;	;	PUNCT
ape-56636	44	24	it	it	PRON
ape-56636	44	25	requires	require	VERB
ape-56636	44	26	collaboration	collaboration	NOUN
ape-56636	44	27	from	from	ADP
ape-56636	44	28	all	all	DET
ape-56636	44	29	parties	party	NOUN
ape-56636	44	30	in	in	ADP
ape-56636	44	31	society	society	NOUN
ape-56636	44	32	to	to	PART
ape-56636	44	33	establish	establish	VERB
ape-56636	44	34	a	a	DET
ape-56636	44	35	cooperative	cooperative	ADJ
ape-56636	44	36	mechanism	mechanism	NOUN
ape-56636	44	37	among	among	ADP
ape-56636	44	38	banks	bank	NOUN
ape-56636	44	39	,	,	PUNCT
ape-56636	44	40	equity	equity	NOUN
ape-56636	44	41	investment	investment	NOUN
ape-56636	44	42	institutions	institution	NOUN
ape-56636	44	43	,	,	PUNCT
ape-56636	44	44	guarantee	guarantee	NOUN
ape-56636	44	45	institutions	institution	NOUN
ape-56636	44	46	,	,	PUNCT
ape-56636	44	47	the	the	DET
ape-56636	44	48	government	government	NOUN
ape-56636	44	49	,	,	PUNCT
ape-56636	44	50	and	and	CCONJ
ape-56636	44	51	technology	technology	NOUN
ape-56636	44	52	enterprises	enterprise	NOUN
ape-56636	44	53	,	,	PUNCT
ape-56636	44	54	forming	form	VERB
ape-56636	44	55	an	an	DET
ape-56636	44	56	information	information	NOUN
ape-56636	44	57	-	-	PUNCT
ape-56636	44	58	sharing	sharing	NOUN
ape-56636	44	59	pattern	pattern	NOUN
ape-56636	44	60	and	and	CCONJ
ape-56636	44	61	reducing	reduce	VERB
ape-56636	44	62	transaction	transaction	NOUN
ape-56636	44	63	costs	cost	NOUN
ape-56636	44	64	.	.	PUNCT
ape-56636	45	1	incentive	incentive	NOUN
ape-56636	45	2	and	and	CCONJ
ape-56636	45	3	constraint	constraint	NOUN
ape-56636	45	4	function	function	NOUN
ape-56636	45	5	:	:	PUNCT
ape-56636	45	6	moral	moral	ADJ
ape-56636	45	7	hazard	hazard	NOUN
ape-56636	45	8	is	be	AUX
ape-56636	45	9	one	one	NUM
ape-56636	45	10	of	of	ADP
ape-56636	45	11	the	the	DET
ape-56636	45	12	core	core	NOUN
ape-56636	45	13	issues	issue	NOUN
ape-56636	45	14	in	in	ADP
ape-56636	45	15	the	the	DET
ape-56636	45	16	financial	financial	ADJ
ape-56636	45	17	system	system	NOUN
ape-56636	45	18	.	.	PUNCT
ape-56636	46	1	the	the	DET
ape-56636	46	2	existence	existence	NOUN
ape-56636	46	3	of	of	ADP
ape-56636	46	4	moral	moral	ADJ
ape-56636	46	5	hazard	hazard	NOUN
ape-56636	46	6	distorts	distort	VERB
ape-56636	46	7	market	market	NOUN
ape-56636	46	8	incentive	incentive	NOUN
ape-56636	46	9	mechanisms	mechanism	NOUN
ape-56636	46	10	,	,	PUNCT
ape-56636	46	11	leading	lead	VERB
ape-56636	46	12	to	to	ADP
ape-56636	46	13	resource	resource	NOUN
ape-56636	46	14	misallocation	misallocation	NOUN
ape-56636	46	15	and	and	CCONJ
ape-56636	46	16	increasing	increase	VERB
ape-56636	46	17	systemic	systemic	ADJ
ape-56636	46	18	risks	risk	NOUN
ape-56636	46	19	.	.	PUNCT
ape-56636	47	1	science	science	NOUN
ape-56636	47	2	and	and	CCONJ
ape-56636	47	3	technology	technology	NOUN
ape-56636	47	4	finance	finance	NOUN
ape-56636	47	5	needs	need	VERB
ape-56636	47	6	to	to	PART
ape-56636	47	7	form	form	VERB
ape-56636	47	8	reasonable	reasonable	ADJ
ape-56636	47	9	incentive	incentive	NOUN
ape-56636	47	10	mechanisms	mechanism	NOUN
ape-56636	47	11	through	through	ADP
ape-56636	47	12	scientific	scientific	ADJ
ape-56636	47	13	contract	contract	NOUN
ape-56636	47	14	design	design	NOUN
ape-56636	47	15	,	,	PUNCT
ape-56636	47	16	strict	strict	ADJ
ape-56636	47	17	market	market	NOUN
ape-56636	47	18	discipline	discipline	NOUN
ape-56636	47	19	,	,	PUNCT
ape-56636	47	20	necessary	necessary	ADJ
ape-56636	47	21	financial	financial	ADJ
ape-56636	47	22	regulation	regulation	NOUN
ape-56636	47	23	,	,	PUNCT
ape-56636	47	24	and	and	CCONJ
ape-56636	47	25	even	even	ADV
ape-56636	47	26	cutting	cut	VERB
ape-56636	47	27	-	-	PUNCT
ape-56636	47	28	edge	edge	NOUN
ape-56636	47	29	technological	technological	ADJ
ape-56636	47	30	means	mean	NOUN
ape-56636	47	31	to	to	PART
ape-56636	47	32	overcome	overcome	VERB
ape-56636	47	33	moral	moral	ADJ
ape-56636	47	34	hazard	hazard	NOUN
ape-56636	47	35	.	.	PUNCT
ape-56636	48	1	for	for	ADP
ape-56636	48	2	example	example	NOUN
ape-56636	48	3	,	,	PUNCT
ape-56636	48	4	various	various	ADJ
ape-56636	48	5	forms	form	NOUN
ape-56636	48	6	of	of	ADP
ape-56636	48	7	financial	financial	ADJ
ape-56636	48	8	contracts	contract	NOUN
ape-56636	48	9	and	and	CCONJ
ape-56636	48	10	tools	tool	NOUN
ape-56636	48	11	can	can	AUX
ape-56636	48	12	alleviate	alleviate	VERB
ape-56636	48	13	and	and	CCONJ
ape-56636	48	14	reduce	reduce	VERB
ape-56636	48	15	adverse	adverse	ADJ
ape-56636	48	16	selection	selection	NOUN
ape-56636	48	17	and	and	CCONJ
ape-56636	48	18	moral	moral	ADJ
ape-56636	48	19	hazard	hazard	NOUN
ape-56636	48	20	,	,	PUNCT
ape-56636	48	21	such	such	ADJ
ape-56636	48	22	as	as	ADP
ape-56636	48	23	the	the	DET
ape-56636	48	24	company	company	NOUN
ape-56636	48	25	control	control	NOUN
ape-56636	48	26	market	market	NOUN
ape-56636	48	27	formed	form	VERB
ape-56636	48	28	by	by	ADP
ape-56636	48	29	equity	equity	NOUN
ape-56636	48	30	capital	capital	NOUN
ape-56636	48	31	and	and	CCONJ
ape-56636	48	32	bonds	bond	NOUN
ape-56636	48	33	in	in	ADP
ape-56636	48	34	direct	direct	ADJ
ape-56636	48	35	financing	financing	NOUN
ape-56636	48	36	,	,	PUNCT
ape-56636	48	37	debt	debt	NOUN
ape-56636	48	38	constraints	constraint	NOUN
ape-56636	48	39	in	in	ADP
ape-56636	48	40	indirect	indirect	ADJ
ape-56636	48	41	financing	financing	NOUN
ape-56636	48	42	,	,	PUNCT
ape-56636	48	43	and	and	CCONJ
ape-56636	48	44	common	common	ADJ
ape-56636	48	45	betting	bet	VERB
ape-56636	48	46	agreements	agreement	NOUN
ape-56636	48	47	in	in	ADP
ape-56636	48	48	venture	venture	NOUN
ape-56636	48	49	capital	capital	NOUN
ape-56636	48	50	that	that	PRON
ape-56636	48	51	incentivize	incentivize	VERB
ape-56636	48	52	entrepreneurs	entrepreneur	NOUN
ape-56636	48	53	while	while	SCONJ
ape-56636	48	54	guarding	guard	VERB
ape-56636	48	55	against	against	ADP
ape-56636	48	56	moral	moral	ADJ
ape-56636	48	57	hazard	hazard	NOUN
ape-56636	48	58	.	.	PUNCT
ape-56636	49	1	risk	risk	NOUN
ape-56636	49	2	management	management	NOUN
ape-56636	49	3	function	function	NOUN
ape-56636	49	4	:	:	PUNCT
ape-56636	49	5	the	the	DET
ape-56636	49	6	process	process	NOUN
ape-56636	49	7	of	of	ADP
ape-56636	49	8	technological	technological	ADJ
ape-56636	49	9	innovation	innovation	NOUN
ape-56636	49	10	and	and	CCONJ
ape-56636	49	11	achievement	achievement	NOUN
ape-56636	49	12	transformation	transformation	NOUN
ape-56636	49	13	is	be	AUX
ape-56636	49	14	highly	highly	ADV
ape-56636	49	15	uncertain	uncertain	ADJ
ape-56636	49	16	,	,	PUNCT
ape-56636	49	17	and	and	CCONJ
ape-56636	49	18	science	science	NOUN
ape-56636	49	19	and	and	CCONJ
ape-56636	49	20	technology	technology	NOUN
ape-56636	49	21	finance	finance	NOUN
ape-56636	49	22	must	must	AUX
ape-56636	49	23	achieve	achieve	VERB
ape-56636	49	24	effective	effective	ADJ
ape-56636	49	25	risk	risk	NOUN
ape-56636	49	26	management	management	NOUN
ape-56636	49	27	.	.	PUNCT
ape-56636	50	1	risk	risk	NOUN
ape-56636	50	2	management	management	NOUN
ape-56636	50	3	aims	aim	VERB
ape-56636	50	4	to	to	PART
ape-56636	50	5	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	VERB
ape-56636	50	6	advances	advance	NOUN
ape-56636	50	7	in	in	ADP
ape-56636	50	8	politics	politic	NOUN
ape-56636	50	9	and	and	CCONJ
ape-56636	50	10	economics	economic	NOUN
ape-56636	50	11	vol	vol	NOUN
ape-56636	50	12	.	.	PROPN
ape-56636	51	1	8	8	NUM
ape-56636	51	2	,	,	PUNCT
ape-56636	51	3	no	no	INTJ
ape-56636	51	4	.	.	NOUN
ape-56636	51	5	1	1	NUM
ape-56636	51	6	,	,	PUNCT
ape-56636	51	7	2025	2025	NUM
ape-56636	51	8	published	publish	VERB
ape-56636	51	9	by	by	ADP
ape-56636	51	10	scholink	scholink	PROPN
ape-56636	51	11	inc	inc	PROPN
ape-56636	51	12	.	.	PROPN
ape-56636	51	13	129	129	NUM
ape-56636	51	14	identify	identify	VERB
ape-56636	51	15	,	,	PUNCT
ape-56636	51	16	assess	assess	NOUN
ape-56636	51	17	,	,	PUNCT
ape-56636	51	18	control	control	NOUN
ape-56636	51	19	,	,	PUNCT
ape-56636	51	20	and	and	CCONJ
ape-56636	51	21	transfer	transfer	VERB
ape-56636	51	22	potential	potential	ADJ
ape-56636	51	23	risks	risk	NOUN
ape-56636	51	24	during	during	ADP
ape-56636	51	25	the	the	DET
ape-56636	51	26	investment	investment	NOUN
ape-56636	51	27	process	process	NOUN
ape-56636	51	28	,	,	PUNCT
ape-56636	51	29	optimizing	optimize	VERB
ape-56636	51	30	the	the	DET
ape-56636	51	31	risk	risk	NOUN
ape-56636	51	32	-	-	PUNCT
ape-56636	51	33	return	return	NOUN
ape-56636	51	34	balance	balance	NOUN
ape-56636	51	35	of	of	ADP
ape-56636	51	36	relevant	relevant	ADJ
ape-56636	51	37	parties	party	NOUN
ape-56636	51	38	.	.	PUNCT
ape-56636	52	1	science	science	NOUN
ape-56636	52	2	and	and	CCONJ
ape-56636	52	3	technology	technology	NOUN
ape-56636	52	4	finance	finance	NOUN
ape-56636	52	5	needs	need	VERB
ape-56636	52	6	to	to	PART
ape-56636	52	7	optimize	optimize	VERB
ape-56636	52	8	the	the	DET
ape-56636	52	9	risk	risk	NOUN
ape-56636	52	10	-	-	PUNCT
ape-56636	52	11	return	return	NOUN
ape-56636	52	12	structure	structure	NOUN
ape-56636	52	13	through	through	ADP
ape-56636	52	14	financial	financial	ADJ
ape-56636	52	15	innovation	innovation	NOUN
ape-56636	52	16	,	,	PUNCT
ape-56636	52	17	developing	develop	VERB
ape-56636	52	18	a	a	DET
ape-56636	52	19	multi	multi	ADJ
ape-56636	52	20	-	-	ADJ
ape-56636	52	21	level	level	ADJ
ape-56636	52	22	risk	risk	NOUN
ape-56636	52	23	-	-	PUNCT
ape-56636	52	24	sharing	share	VERB
ape-56636	52	25	system	system	NOUN
ape-56636	52	26	and	and	CCONJ
ape-56636	52	27	diversified	diversified	ADJ
ape-56636	52	28	risk	risk	NOUN
ape-56636	52	29	management	management	NOUN
ape-56636	52	30	tools	tool	NOUN
ape-56636	52	31	.	.	PUNCT
ape-56636	53	1	only	only	ADV
ape-56636	53	2	in	in	ADP
ape-56636	53	3	this	this	DET
ape-56636	53	4	way	way	NOUN
ape-56636	53	5	can	can	AUX
ape-56636	53	6	the	the	DET
ape-56636	53	7	extremely	extremely	ADV
ape-56636	53	8	high	high	ADJ
ape-56636	53	9	risks	risk	NOUN
ape-56636	53	10	of	of	ADP
ape-56636	53	11	technological	technological	ADJ
ape-56636	53	12	innovation	innovation	NOUN
ape-56636	53	13	be	be	AUX
ape-56636	53	14	effectively	effectively	ADV
ape-56636	53	15	shared	share	VERB
ape-56636	53	16	,	,	PUNCT
ape-56636	53	17	attracting	attract	VERB
ape-56636	53	18	more	more	ADJ
ape-56636	53	19	capital	capital	NOUN
ape-56636	53	20	to	to	PART
ape-56636	53	21	participate	participate	VERB
ape-56636	53	22	in	in	ADP
ape-56636	53	23	technological	technological	ADJ
ape-56636	53	24	innovation	innovation	NOUN
ape-56636	53	25	.	.	PUNCT
ape-56636	54	1	value	value	NOUN
ape-56636	54	2	enhancement	enhancement	NOUN
ape-56636	54	3	function	function	NOUN
ape-56636	54	4	:	:	PUNCT
ape-56636	54	5	science	science	NOUN
ape-56636	54	6	and	and	CCONJ
ape-56636	54	7	technology	technology	NOUN
ape-56636	54	8	finance	finance	NOUN
ape-56636	54	9	needs	need	VERB
ape-56636	54	10	to	to	PART
ape-56636	54	11	provide	provide	VERB
ape-56636	54	12	value	value	NOUN
ape-56636	54	13	-	-	PUNCT
ape-56636	54	14	added	add	VERB
ape-56636	54	15	services	service	NOUN
ape-56636	54	16	for	for	ADP
ape-56636	54	17	start	start	NOUN
ape-56636	54	18	-	-	PUNCT
ape-56636	54	19	up	up	ADP
ape-56636	54	20	enterprises	enterprise	NOUN
ape-56636	54	21	and	and	CCONJ
ape-56636	54	22	technological	technological	ADJ
ape-56636	54	23	innovation.science	innovation.science	NOUN
ape-56636	54	24	and	and	CCONJ
ape-56636	54	25	technology	technology	NOUN
ape-56636	54	26	finance	finance	NOUN
ape-56636	54	27	should	should	AUX
ape-56636	54	28	not	not	PART
ape-56636	54	29	only	only	ADV
ape-56636	54	30	meet	meet	VERB
ape-56636	54	31	the	the	DET
ape-56636	54	32	funding	funding	NOUN
ape-56636	54	33	needs	need	NOUN
ape-56636	54	34	of	of	ADP
ape-56636	54	35	technological	technological	ADJ
ape-56636	54	36	innovation	innovation	NOUN
ape-56636	54	37	but	but	CCONJ
ape-56636	54	38	also	also	ADV
ape-56636	54	39	possess	possess	VERB
ape-56636	54	40	strategic	strategic	ADJ
ape-56636	54	41	vision	vision	NOUN
ape-56636	54	42	,	,	PUNCT
ape-56636	54	43	resource	resource	NOUN
ape-56636	54	44	integration	integration	NOUN
ape-56636	54	45	capabilities	capability	NOUN
ape-56636	54	46	,	,	PUNCT
ape-56636	54	47	and	and	CCONJ
ape-56636	54	48	value	value	NOUN
ape-56636	54	49	creation	creation	NOUN
ape-56636	54	50	wisdom	wisdom	NOUN
ape-56636	54	51	,	,	PUNCT
ape-56636	54	52	emphasizing	emphasize	VERB
ape-56636	54	53	intellectual	intellectual	ADJ
ape-56636	54	54	empowerment	empowerment	NOUN
ape-56636	54	55	,	,	PUNCT
ape-56636	54	56	network	network	NOUN
ape-56636	54	57	effects	effect	NOUN
ape-56636	54	58	,	,	PUNCT
ape-56636	54	59	and	and	CCONJ
ape-56636	54	60	long	long	ADJ
ape-56636	54	61	-	-	PUNCT
ape-56636	54	62	term	term	NOUN
ape-56636	54	63	value	value	NOUN
ape-56636	54	64	orientation	orientation	NOUN
ape-56636	54	65	behind	behind	ADP
ape-56636	54	66	capital	capital	NOUN
ape-56636	54	67	.	.	PUNCT
ape-56636	55	1	in	in	ADP
ape-56636	55	2	addition	addition	NOUN
ape-56636	55	3	to	to	ADP
ape-56636	55	4	providing	provide	VERB
ape-56636	55	5	funds	fund	NOUN
ape-56636	55	6	,	,	PUNCT
ape-56636	55	7	various	various	ADJ
ape-56636	55	8	financial	financial	ADJ
ape-56636	55	9	institutions	institution	NOUN
ape-56636	55	10	should	should	AUX
ape-56636	55	11	also	also	ADV
ape-56636	55	12	assist	assist	VERB
ape-56636	55	13	technology	technology	NOUN
ape-56636	55	14	entrepreneurial	entrepreneurial	ADJ
ape-56636	55	15	teams	team	NOUN
ape-56636	55	16	in	in	ADP
ape-56636	55	17	team	team	NOUN
ape-56636	55	18	building	building	NOUN
ape-56636	55	19	,	,	PUNCT
ape-56636	55	20	governance	governance	NOUN
ape-56636	55	21	structure	structure	NOUN
ape-56636	55	22	design	design	NOUN
ape-56636	55	23	,	,	PUNCT
ape-56636	55	24	market	market	NOUN
ape-56636	55	25	development	development	NOUN
ape-56636	55	26	,	,	PUNCT
ape-56636	55	27	and	and	CCONJ
ape-56636	55	28	marketing	marketing	NOUN
ape-56636	55	29	network	network	NOUN
ape-56636	55	30	construction	construction	NOUN
ape-56636	55	31	.	.	PUNCT
ape-56636	56	1	venture	venture	NOUN
ape-56636	56	2	capital	capital	NOUN
ape-56636	56	3	and	and	CCONJ
ape-56636	56	4	private	private	ADJ
ape-56636	56	5	equity	equity	NOUN
ape-56636	56	6	institutions	institution	NOUN
ape-56636	56	7	play	play	VERB
ape-56636	56	8	important	important	ADJ
ape-56636	56	9	roles	role	NOUN
ape-56636	56	10	in	in	ADP
ape-56636	56	11	this	this	DET
ape-56636	56	12	regard	regard	NOUN
ape-56636	56	13	,	,	PUNCT
ape-56636	56	14	as	as	SCONJ
ape-56636	56	15	they	they	PRON
ape-56636	56	16	can	can	AUX
ape-56636	56	17	efficiently	efficiently	ADV
ape-56636	56	18	identify	identify	VERB
ape-56636	56	19	opportunities	opportunity	NOUN
ape-56636	56	20	,	,	PUNCT
ape-56636	56	21	avoid	avoid	VERB
ape-56636	56	22	risks	risk	NOUN
ape-56636	56	23	,	,	PUNCT
ape-56636	56	24	and	and	CCONJ
ape-56636	56	25	achieve	achieve	VERB
ape-56636	56	26	excess	excess	ADJ
ape-56636	56	27	returns	return	NOUN
ape-56636	56	28	through	through	ADP
ape-56636	56	29	active	active	ADJ
ape-56636	56	30	management	management	NOUN
ape-56636	56	31	.	.	PUNCT
ape-56636	57	1	4	4	X
ape-56636	57	2	.	.	X
ape-56636	57	3	characteristics	characteristic	NOUN
ape-56636	57	4	of	of	ADP
ape-56636	57	5	china	china	PROPN
ape-56636	57	6	’s	’s	PART
ape-56636	57	7	financial	financial	ADJ
ape-56636	57	8	system	system	NOUN
ape-56636	57	9	and	and	CCONJ
ape-56636	57	10	the	the	DET
ape-56636	57	11	current	current	ADJ
ape-56636	57	12	state	state	NOUN
ape-56636	57	13	of	of	ADP
ape-56636	57	14	science	science	NOUN
ape-56636	57	15	and	and	CCONJ
ape-56636	57	16	technology	technology	NOUN
ape-56636	57	17	finance	finance	NOUN
ape-56636	57	18	development	development	NOUN
ape-56636	57	19	4.1	4.1	NUM
ape-56636	57	20	structural	structural	ADJ
ape-56636	57	21	characteristics	characteristic	NOUN
ape-56636	57	22	of	of	ADP
ape-56636	57	23	china	china	PROPN
ape-56636	57	24	’s	’s	PART
ape-56636	57	25	financial	financial	ADJ
ape-56636	57	26	system	system	NOUN
ape-56636	57	27	driven	drive	VERB
ape-56636	57	28	by	by	ADP
ape-56636	57	29	deepening	deepen	VERB
ape-56636	57	30	reforms	reform	NOUN
ape-56636	57	31	and	and	CCONJ
ape-56636	57	32	financial	financial	ADJ
ape-56636	57	33	openness	openness	NOUN
ape-56636	57	34	,	,	PUNCT
ape-56636	57	35	china	china	PROPN
ape-56636	57	36	’s	’s	PART
ape-56636	57	37	financial	financial	ADJ
ape-56636	57	38	system	system	NOUN
ape-56636	57	39	has	have	AUX
ape-56636	57	40	initially	initially	ADV
ape-56636	57	41	formed	form	VERB
ape-56636	57	42	a	a	DET
ape-56636	57	43	multi	multi	ADJ
ape-56636	57	44	-	-	ADJ
ape-56636	57	45	level	level	ADJ
ape-56636	57	46	,	,	PUNCT
ape-56636	57	47	multi	multi	ADJ
ape-56636	57	48	-	-	NOUN
ape-56636	57	49	entity	entity	NOUN
ape-56636	57	50	,	,	PUNCT
ape-56636	57	51	and	and	CCONJ
ape-56636	57	52	multi	multi	ADJ
ape-56636	57	53	-	-	ADJ
ape-56636	57	54	tool	tool	ADJ
ape-56636	57	55	development	development	NOUN
ape-56636	57	56	pattern	pattern	NOUN
ape-56636	57	57	,	,	PUNCT
ape-56636	57	58	but	but	CCONJ
ape-56636	57	59	it	it	PRON
ape-56636	57	60	still	still	ADV
ape-56636	57	61	exhibits	exhibit	VERB
ape-56636	57	62	two	two	NUM
ape-56636	57	63	core	core	NOUN
ape-56636	57	64	characteristics	characteristic	NOUN
ape-56636	57	65	overall	overall	ADV
ape-56636	57	66	:	:	PUNCT
ape-56636	57	67	government	government	NOUN
ape-56636	57	68	-	-	PUNCT
ape-56636	57	69	dominated	dominate	VERB
ape-56636	57	70	credit	credit	NOUN
ape-56636	57	71	system	system	NOUN
ape-56636	57	72	:	:	PUNCT
ape-56636	57	73	china	china	PROPN
ape-56636	57	74	’s	’s	PART
ape-56636	57	75	credit	credit	NOUN
ape-56636	57	76	system	system	NOUN
ape-56636	57	77	is	be	AUX
ape-56636	57	78	centered	center	VERB
ape-56636	57	79	around	around	ADP
ape-56636	57	80	government	government	NOUN
ape-56636	57	81	credit	credit	NOUN
ape-56636	57	82	,	,	PUNCT
ape-56636	57	83	while	while	SCONJ
ape-56636	57	84	market	market	NOUN
ape-56636	57	85	-	-	PUNCT
ape-56636	57	86	based	base	VERB
ape-56636	57	87	credit	credit	NOUN
ape-56636	57	88	mechanisms	mechanism	NOUN
ape-56636	57	89	are	be	AUX
ape-56636	57	90	relatively	relatively	ADV
ape-56636	57	91	weak	weak	ADJ
ape-56636	57	92	.	.	PUNCT
ape-56636	58	1	the	the	DET
ape-56636	58	2	government	government	NOUN
ape-56636	58	3	not	not	PART
ape-56636	58	4	only	only	ADV
ape-56636	58	5	serves	serve	VERB
ape-56636	58	6	as	as	ADP
ape-56636	58	7	a	a	DET
ape-56636	58	8	regulator	regulator	NOUN
ape-56636	58	9	but	but	CCONJ
ape-56636	58	10	also	also	ADV
ape-56636	58	11	directly	directly	ADV
ape-56636	58	12	participates	participate	VERB
ape-56636	58	13	in	in	ADP
ape-56636	58	14	market	market	NOUN
ape-56636	58	15	credit	credit	NOUN
ape-56636	58	16	allocation	allocation	NOUN
ape-56636	58	17	through	through	ADP
ape-56636	58	18	implicit	implicit	ADJ
ape-56636	58	19	guarantees	guarantee	NOUN
ape-56636	58	20	for	for	ADP
ape-56636	58	21	state	state	NOUN
ape-56636	58	22	-	-	PUNCT
ape-56636	58	23	owned	own	VERB
ape-56636	58	24	enterprises	enterprise	NOUN
ape-56636	58	25	,	,	PUNCT
ape-56636	58	26	credit	credit	NOUN
ape-56636	58	27	endorsements	endorsement	NOUN
ape-56636	58	28	for	for	ADP
ape-56636	58	29	major	major	ADJ
ape-56636	58	30	projects	project	NOUN
ape-56636	58	31	,	,	PUNCT
ape-56636	58	32	and	and	CCONJ
ape-56636	58	33	approval	approval	NOUN
ape-56636	58	34	-	-	PUNCT
ape-56636	58	35	based	base	VERB
ape-56636	58	36	listing	listing	NOUN
ape-56636	58	37	review	review	NOUN
ape-56636	58	38	arrangements	arrangement	NOUN
ape-56636	58	39	,	,	PUNCT
ape-56636	58	40	substantially	substantially	ADV
ape-56636	58	41	influencing	influence	VERB
ape-56636	58	42	market	market	NOUN
ape-56636	58	43	credit	credit	NOUN
ape-56636	58	44	assessment	assessment	NOUN
ape-56636	58	45	and	and	CCONJ
ape-56636	58	46	risk	risk	NOUN
ape-56636	58	47	pricing	pricing	NOUN
ape-56636	58	48	.	.	PUNCT
ape-56636	59	1	this	this	DET
ape-56636	59	2	model	model	NOUN
ape-56636	59	3	was	be	AUX
ape-56636	59	4	beneficial	beneficial	ADJ
ape-56636	59	5	in	in	ADP
ape-56636	59	6	mobilizing	mobilize	VERB
ape-56636	59	7	social	social	ADJ
ape-56636	59	8	resources	resource	NOUN
ape-56636	59	9	and	and	CCONJ
ape-56636	59	10	concentrating	concentrate	VERB
ape-56636	59	11	efforts	effort	NOUN
ape-56636	59	12	to	to	PART
ape-56636	59	13	support	support	VERB
ape-56636	59	14	infrastructure	infrastructure	NOUN
ape-56636	59	15	and	and	CCONJ
ape-56636	59	16	key	key	ADJ
ape-56636	59	17	industry	industry	NOUN
ape-56636	59	18	construction	construction	NOUN
ape-56636	59	19	during	during	ADP
ape-56636	59	20	the	the	DET
ape-56636	59	21	early	early	ADJ
ape-56636	59	22	stages	stage	NOUN
ape-56636	59	23	of	of	ADP
ape-56636	59	24	economic	economic	ADJ
ape-56636	59	25	development	development	NOUN
ape-56636	59	26	.	.	PUNCT
ape-56636	60	1	however	however	ADV
ape-56636	60	2	,	,	PUNCT
ape-56636	60	3	it	it	PRON
ape-56636	60	4	has	have	AUX
ape-56636	60	5	also	also	ADV
ape-56636	60	6	led	lead	VERB
ape-56636	60	7	to	to	ADP
ape-56636	60	8	excessive	excessive	ADJ
ape-56636	60	9	bank	bank	NOUN
ape-56636	60	10	capital	capital	NOUN
ape-56636	60	11	flowing	flow	VERB
ape-56636	60	12	towards	towards	ADP
ape-56636	60	13	government	government	NOUN
ape-56636	60	14	-	-	PUNCT
ape-56636	60	15	dominated	dominate	VERB
ape-56636	60	16	projects	project	NOUN
ape-56636	60	17	and	and	CCONJ
ape-56636	60	18	state	state	NOUN
ape-56636	60	19	-	-	PUNCT
ape-56636	60	20	owned	own	VERB
ape-56636	60	21	enterprises	enterprise	NOUN
ape-56636	60	22	,	,	PUNCT
ape-56636	60	23	resulting	result	VERB
ape-56636	60	24	in	in	ADP
ape-56636	60	25	inefficient	inefficient	ADJ
ape-56636	60	26	allocation	allocation	NOUN
ape-56636	60	27	and	and	CCONJ
ape-56636	60	28	insufficient	insufficient	ADJ
ape-56636	60	29	financial	financial	ADJ
ape-56636	60	30	support	support	NOUN
ape-56636	60	31	for	for	ADP
ape-56636	60	32	small	small	ADJ
ape-56636	60	33	and	and	CCONJ
ape-56636	60	34	medium	medium	ADJ
ape-56636	60	35	-	-	PUNCT
ape-56636	60	36	sized	sized	ADJ
ape-56636	60	37	enterprises	enterprise	NOUN
ape-56636	60	38	(	(	PUNCT
ape-56636	60	39	smes	sme	NOUN
ape-56636	60	40	)	)	PUNCT
ape-56636	60	41	and	and	CCONJ
ape-56636	60	42	the	the	DET
ape-56636	60	43	private	private	ADJ
ape-56636	60	44	economy	economy	NOUN
ape-56636	60	45	,	,	PUNCT
ape-56636	60	46	with	with	ADP
ape-56636	60	47	prominent	prominent	ADJ
ape-56636	60	48	resource	resource	NOUN
ape-56636	60	49	misallocation	misallocation	NOUN
ape-56636	60	50	issues	issue	NOUN
ape-56636	60	51	.	.	PUNCT
ape-56636	61	1	bank	bank	NOUN
ape-56636	61	2	-	-	PUNCT
ape-56636	61	3	dominated	dominate	VERB
ape-56636	61	4	financing	financing	NOUN
ape-56636	61	5	structure	structure	NOUN
ape-56636	61	6	china	china	PROPN
ape-56636	61	7	’s	’s	PART
ape-56636	61	8	current	current	ADJ
ape-56636	61	9	financing	financing	NOUN
ape-56636	61	10	system	system	NOUN
ape-56636	61	11	is	be	AUX
ape-56636	61	12	still	still	ADV
ape-56636	61	13	dominated	dominate	VERB
ape-56636	61	14	by	by	ADP
ape-56636	61	15	bank	bank	NOUN
ape-56636	61	16	credit	credit	NOUN
ape-56636	61	17	-	-	PUNCT
ape-56636	61	18	based	base	VERB
ape-56636	61	19	indirect	indirect	ADJ
ape-56636	61	20	financing	financing	NOUN
ape-56636	61	21	,	,	PUNCT
ape-56636	61	22	while	while	SCONJ
ape-56636	61	23	the	the	DET
ape-56636	61	24	direct	direct	ADJ
ape-56636	61	25	financing	financing	NOUN
ape-56636	61	26	system	system	NOUN
ape-56636	61	27	remains	remain	VERB
ape-56636	61	28	immature.from	immature.from	ADP
ape-56636	61	29	the	the	DET
ape-56636	61	30	perspective	perspective	NOUN
ape-56636	61	31	of	of	ADP
ape-56636	61	32	financing	finance	VERB
ape-56636	61	33	structure	structure	NOUN
ape-56636	61	34	,	,	PUNCT
ape-56636	61	35	bank	bank	NOUN
ape-56636	61	36	loans	loan	NOUN
ape-56636	61	37	account	account	VERB
ape-56636	61	38	for	for	ADP
ape-56636	61	39	approximately	approximately	ADV
ape-56636	61	40	80	80	NUM
ape-56636	61	41	%	%	NOUN
ape-56636	61	42	of	of	ADP
ape-56636	61	43	external	external	ADJ
ape-56636	61	44	financing	financing	NOUN
ape-56636	61	45	for	for	ADP
ape-56636	61	46	non	non	ADJ
ape-56636	61	47	-	-	ADJ
ape-56636	61	48	financial	financial	ADJ
ape-56636	61	49	enterprises	enterprise	NOUN
ape-56636	61	50	,	,	PUNCT
ape-56636	61	51	indicating	indicate	VERB
ape-56636	61	52	limited	limited	ADJ
ape-56636	61	53	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	61	54	advances	advance	NOUN
ape-56636	61	55	in	in	ADP
ape-56636	61	56	politics	politic	NOUN
ape-56636	61	57	and	and	CCONJ
ape-56636	61	58	economics	economic	NOUN
ape-56636	61	59	vol	vol	NOUN
ape-56636	61	60	.	.	PROPN
ape-56636	62	1	8	8	NUM
ape-56636	62	2	,	,	PUNCT
ape-56636	62	3	no	no	INTJ
ape-56636	62	4	.	.	NOUN
ape-56636	62	5	1	1	NUM
ape-56636	62	6	,	,	PUNCT
ape-56636	62	7	2025	2025	NUM
ape-56636	62	8	published	publish	VERB
ape-56636	62	9	by	by	ADP
ape-56636	62	10	scholink	scholink	PROPN
ape-56636	62	11	inc	inc	PROPN
ape-56636	62	12	.	.	PROPN
ape-56636	62	13	130	130	NUM
ape-56636	62	14	functionality	functionality	NOUN
ape-56636	62	15	of	of	ADP
ape-56636	62	16	the	the	DET
ape-56636	62	17	capital	capital	NOUN
ape-56636	62	18	market	market	NOUN
ape-56636	62	19	in	in	ADP
ape-56636	62	20	serving	serve	VERB
ape-56636	62	21	the	the	DET
ape-56636	62	22	real	real	ADJ
ape-56636	62	23	economy	economy	NOUN
ape-56636	62	24	.	.	PUNCT
ape-56636	63	1	although	although	SCONJ
ape-56636	63	2	the	the	DET
ape-56636	63	3	stock	stock	NOUN
ape-56636	63	4	market	market	NOUN
ape-56636	63	5	has	have	AUX
ape-56636	63	6	made	make	VERB
ape-56636	63	7	progress	progress	NOUN
ape-56636	63	8	in	in	ADP
ape-56636	63	9	institutional	institutional	ADJ
ape-56636	63	10	construction	construction	NOUN
ape-56636	63	11	and	and	CCONJ
ape-56636	63	12	market	market	NOUN
ape-56636	63	13	size	size	NOUN
ape-56636	63	14	,	,	PUNCT
ape-56636	63	15	it	it	PRON
ape-56636	63	16	primarily	primarily	ADV
ape-56636	63	17	served	serve	VERB
ape-56636	63	18	state	state	NOUN
ape-56636	63	19	-	-	PUNCT
ape-56636	63	20	owned	own	VERB
ape-56636	63	21	enterprise	enterprise	NOUN
ape-56636	63	22	reforms	reform	NOUN
ape-56636	63	23	for	for	ADP
ape-56636	63	24	a	a	DET
ape-56636	63	25	long	long	ADJ
ape-56636	63	26	time	time	NOUN
ape-56636	63	27	.	.	PUNCT
ape-56636	64	1	government	government	NOUN
ape-56636	64	2	intervention	intervention	NOUN
ape-56636	64	3	in	in	ADP
ape-56636	64	4	the	the	DET
ape-56636	64	5	secondary	secondary	ADJ
ape-56636	64	6	market	market	NOUN
ape-56636	64	7	has	have	AUX
ape-56636	64	8	created	create	VERB
ape-56636	64	9	expectations	expectation	NOUN
ape-56636	64	10	of	of	ADP
ape-56636	64	11	a	a	DET
ape-56636	64	12	“	"	PUNCT
ape-56636	64	13	policy	policy	NOUN
ape-56636	64	14	-	-	PUNCT
ape-56636	64	15	driven	drive	VERB
ape-56636	64	16	market	market	NOUN
ape-56636	64	17	”	"	PUNCT
ape-56636	64	18	,	,	PUNCT
ape-56636	64	19	leading	lead	VERB
ape-56636	64	20	to	to	ADP
ape-56636	64	21	irrational	irrational	ADJ
ape-56636	64	22	behaviors	behavior	NOUN
ape-56636	64	23	such	such	ADJ
ape-56636	64	24	as	as	ADP
ape-56636	64	25	“	"	PUNCT
ape-56636	64	26	speculating	speculate	VERB
ape-56636	64	27	on	on	ADP
ape-56636	64	28	policies	policy	NOUN
ape-56636	64	29	”	"	PUNCT
ape-56636	64	30	and	and	CCONJ
ape-56636	64	31	hindering	hinder	VERB
ape-56636	64	32	effective	effective	ADJ
ape-56636	64	33	support	support	NOUN
ape-56636	64	34	for	for	ADP
ape-56636	64	35	front	front	ADJ
ape-56636	64	36	-	-	PUNCT
ape-56636	64	37	end	end	NOUN
ape-56636	64	38	technological	technological	ADJ
ape-56636	64	39	innovation	innovation	NOUN
ape-56636	64	40	.	.	PUNCT
ape-56636	65	1	the	the	DET
ape-56636	65	2	bond	bond	NOUN
ape-56636	65	3	market	market	NOUN
ape-56636	65	4	has	have	AUX
ape-56636	65	5	developed	develop	VERB
ape-56636	65	6	relatively	relatively	ADV
ape-56636	65	7	slowly	slowly	ADV
ape-56636	65	8	,	,	PUNCT
ape-56636	65	9	and	and	CCONJ
ape-56636	65	10	the	the	DET
ape-56636	65	11	long	long	ADV
ape-56636	65	12	-	-	PUNCT
ape-56636	65	13	standing	stand	VERB
ape-56636	65	14	expectation	expectation	NOUN
ape-56636	65	15	of	of	ADP
ape-56636	65	16	guaranteed	guarantee	VERB
ape-56636	65	17	repayment	repayment	NOUN
ape-56636	65	18	has	have	AUX
ape-56636	65	19	affected	affect	VERB
ape-56636	65	20	the	the	DET
ape-56636	65	21	bond	bond	NOUN
ape-56636	65	22	market	market	NOUN
ape-56636	65	23	’s	’s	PART
ape-56636	65	24	risk	risk	NOUN
ape-56636	65	25	pricing	pricing	NOUN
ape-56636	65	26	function	function	NOUN
ape-56636	65	27	.	.	PUNCT
ape-56636	66	1	4.2	4.2	NUM
ape-56636	66	2	structural	structural	ADJ
ape-56636	66	3	limitations	limitation	NOUN
ape-56636	66	4	in	in	ADP
ape-56636	66	5	supporting	support	VERB
ape-56636	66	6	technological	technological	ADJ
ape-56636	66	7	innovation	innovation	NOUN
ape-56636	66	8	china	china	PROPN
ape-56636	66	9	’s	’s	PART
ape-56636	66	10	existing	exist	VERB
ape-56636	66	11	financial	financial	ADJ
ape-56636	66	12	system	system	NOUN
ape-56636	66	13	faces	face	VERB
ape-56636	66	14	multiple	multiple	ADJ
ape-56636	66	15	constraints	constraint	NOUN
ape-56636	66	16	in	in	ADP
ape-56636	66	17	supporting	support	VERB
ape-56636	66	18	technological	technological	ADJ
ape-56636	66	19	innovation	innovation	NOUN
ape-56636	66	20	:	:	PUNCT
ape-56636	66	21	mismatch	mismatch	VERB
ape-56636	66	22	between	between	ADP
ape-56636	66	23	risk	risk	NOUN
ape-56636	66	24	appetite	appetite	NOUN
ape-56636	66	25	and	and	CCONJ
ape-56636	66	26	innovation	innovation	NOUN
ape-56636	66	27	needs	need	VERB
ape-56636	66	28	under	under	ADP
ape-56636	66	29	the	the	DET
ape-56636	66	30	government	government	NOUN
ape-56636	66	31	-	-	PUNCT
ape-56636	66	32	dominated	dominate	VERB
ape-56636	66	33	credit	credit	NOUN
ape-56636	66	34	mechanism	mechanism	NOUN
ape-56636	66	35	,	,	PUNCT
ape-56636	66	36	the	the	DET
ape-56636	66	37	risks	risk	NOUN
ape-56636	66	38	of	of	ADP
ape-56636	66	39	various	various	ADJ
ape-56636	66	40	financing	financing	NOUN
ape-56636	66	41	entities	entity	NOUN
ape-56636	66	42	are	be	AUX
ape-56636	66	43	mostly	mostly	ADV
ape-56636	66	44	covered	cover	VERB
ape-56636	66	45	by	by	ADP
ape-56636	66	46	government	government	NOUN
ape-56636	66	47	credit	credit	NOUN
ape-56636	66	48	guarantees	guarantee	NOUN
ape-56636	66	49	or	or	CCONJ
ape-56636	66	50	collateral.the	collateral.the	DET
ape-56636	66	51	capital	capital	NOUN
ape-56636	66	52	market	market	NOUN
ape-56636	66	53	lacks	lack	VERB
ape-56636	66	54	a	a	DET
ape-56636	66	55	benign	benign	ADJ
ape-56636	66	56	interaction	interaction	NOUN
ape-56636	66	57	between	between	ADP
ape-56636	66	58	liquidity	liquidity	NOUN
ape-56636	66	59	and	and	CCONJ
ape-56636	66	60	risk	risk	NOUN
ape-56636	66	61	.	.	PUNCT
ape-56636	67	1	investors	investor	NOUN
ape-56636	67	2	generally	generally	ADV
ape-56636	67	3	prefer	prefer	VERB
ape-56636	67	4	low	low	ADJ
ape-56636	67	5	-	-	PUNCT
ape-56636	67	6	risk	risk	NOUN
ape-56636	67	7	or	or	CCONJ
ape-56636	67	8	risk	risk	NOUN
ape-56636	67	9	-	-	PUNCT
ape-56636	67	10	free	free	ADJ
ape-56636	67	11	assets	asset	NOUN
ape-56636	67	12	and	and	CCONJ
ape-56636	67	13	tend	tend	VERB
ape-56636	67	14	to	to	PART
ape-56636	67	15	support	support	VERB
ape-56636	67	16	projects	project	NOUN
ape-56636	67	17	with	with	ADP
ape-56636	67	18	“	"	PUNCT
ape-56636	67	19	implicit	implicit	ADJ
ape-56636	67	20	guarantees	guarantee	NOUN
ape-56636	67	21	”	"	PUNCT
ape-56636	67	22	,	,	PUNCT
ape-56636	67	23	with	with	ADP
ape-56636	67	24	a	a	DET
ape-56636	67	25	pervasive	pervasive	ADJ
ape-56636	67	26	“	"	PUNCT
ape-56636	67	27	rigid	rigid	ADJ
ape-56636	67	28	payment	payment	NOUN
ape-56636	67	29	”	"	PUNCT
ape-56636	67	30	mentality	mentality	NOUN
ape-56636	67	31	in	in	ADP
ape-56636	67	32	the	the	DET
ape-56636	67	33	market	market	NOUN
ape-56636	67	34	.	.	PUNCT
ape-56636	68	1	however	however	ADV
ape-56636	68	2	,	,	PUNCT
ape-56636	68	3	technological	technological	ADJ
ape-56636	68	4	innovation	innovation	NOUN
ape-56636	68	5	projects	project	NOUN
ape-56636	68	6	generally	generally	ADV
ape-56636	68	7	possess	possess	VERB
ape-56636	68	8	high	high	ADJ
ape-56636	68	9	-	-	PUNCT
ape-56636	68	10	risk	risk	NOUN
ape-56636	68	11	and	and	CCONJ
ape-56636	68	12	highly	highly	ADV
ape-56636	68	13	uncertain	uncertain	ADJ
ape-56636	68	14	characteristics	characteristic	NOUN
ape-56636	68	15	.	.	PUNCT
ape-56636	69	1	existing	exist	VERB
ape-56636	69	2	financial	financial	ADJ
ape-56636	69	3	institutions	institution	NOUN
ape-56636	69	4	lack	lack	VERB
ape-56636	69	5	the	the	DET
ape-56636	69	6	ability	ability	NOUN
ape-56636	69	7	and	and	CCONJ
ape-56636	69	8	incentive	incentive	NOUN
ape-56636	69	9	to	to	PART
ape-56636	69	10	identify	identify	VERB
ape-56636	69	11	,	,	PUNCT
ape-56636	69	12	assess	assess	NOUN
ape-56636	69	13	,	,	PUNCT
ape-56636	69	14	and	and	CCONJ
ape-56636	69	15	bear	bear	VERB
ape-56636	69	16	such	such	ADJ
ape-56636	69	17	risks	risk	NOUN
ape-56636	69	18	,	,	PUNCT
ape-56636	69	19	leading	lead	VERB
ape-56636	69	20	to	to	ADP
ape-56636	69	21	difficulties	difficulty	NOUN
ape-56636	69	22	in	in	ADP
ape-56636	69	23	effectively	effectively	ADV
ape-56636	69	24	channeling	channel	VERB
ape-56636	69	25	funds	fund	NOUN
ape-56636	69	26	into	into	ADP
ape-56636	69	27	the	the	DET
ape-56636	69	28	technology	technology	NOUN
ape-56636	69	29	sector	sector	NOUN
ape-56636	69	30	.	.	PUNCT
ape-56636	70	1	relatively	relatively	ADV
ape-56636	70	2	simple	simple	ADJ
ape-56636	70	3	financing	financing	NOUN
ape-56636	70	4	instrument	instrument	NOUN
ape-56636	70	5	system	system	NOUN
ape-56636	70	6	the	the	DET
ape-56636	70	7	bank	bank	NOUN
ape-56636	70	8	-	-	PUNCT
ape-56636	70	9	dominated	dominate	VERB
ape-56636	70	10	system	system	NOUN
ape-56636	70	11	,	,	PUNCT
ape-56636	70	12	centered	center	VERB
ape-56636	70	13	on	on	ADP
ape-56636	70	14	debt	debt	NOUN
ape-56636	70	15	financing	financing	NOUN
ape-56636	70	16	,	,	PUNCT
ape-56636	70	17	focuses	focus	VERB
ape-56636	70	18	on	on	ADP
ape-56636	70	19	traditional	traditional	ADJ
ape-56636	70	20	models	model	NOUN
ape-56636	70	21	such	such	ADJ
ape-56636	70	22	as	as	ADP
ape-56636	70	23	fixed	fix	VERB
ape-56636	70	24	income	income	NOUN
ape-56636	70	25	and	and	CCONJ
ape-56636	70	26	collateral	collateral	ADJ
ape-56636	70	27	guarantees	guarantee	NOUN
ape-56636	70	28	,	,	PUNCT
ape-56636	70	29	which	which	PRON
ape-56636	70	30	are	be	AUX
ape-56636	70	31	incompatible	incompatible	ADJ
ape-56636	70	32	with	with	ADP
ape-56636	70	33	the	the	DET
ape-56636	70	34	financing	financing	NOUN
ape-56636	70	35	characteristics	characteristic	NOUN
ape-56636	70	36	of	of	ADP
ape-56636	70	37	technology	technology	NOUN
ape-56636	70	38	enterprises	enterprise	NOUN
ape-56636	70	39	,	,	PUNCT
ape-56636	70	40	which	which	PRON
ape-56636	70	41	are	be	AUX
ape-56636	70	42	characterized	characterize	VERB
ape-56636	70	43	by	by	ADP
ape-56636	70	44	“	"	PUNCT
ape-56636	70	45	light	light	ADJ
ape-56636	70	46	assets	asset	NOUN
ape-56636	70	47	,	,	PUNCT
ape-56636	70	48	weak	weak	ADJ
ape-56636	70	49	collateral	collateral	NOUN
ape-56636	70	50	,	,	PUNCT
ape-56636	70	51	and	and	CCONJ
ape-56636	70	52	long	long	ADJ
ape-56636	70	53	cycles	cycle	NOUN
ape-56636	70	54	”	"	PUNCT
ape-56636	70	55	.	.	PUNCT
ape-56636	71	1	credit	credit	NOUN
ape-56636	71	2	products	product	NOUN
ape-56636	71	3	are	be	AUX
ape-56636	71	4	still	still	ADV
ape-56636	71	5	mainly	mainly	ADV
ape-56636	71	6	traditional	traditional	ADJ
ape-56636	71	7	working	work	VERB
ape-56636	71	8	capital	capital	NOUN
ape-56636	71	9	loans	loan	NOUN
ape-56636	71	10	,	,	PUNCT
ape-56636	71	11	lacking	lack	VERB
ape-56636	71	12	customized	customize	VERB
ape-56636	71	13	financial	financial	ADJ
ape-56636	71	14	tools	tool	NOUN
ape-56636	71	15	tailored	tailor	VERB
ape-56636	71	16	to	to	ADP
ape-56636	71	17	the	the	DET
ape-56636	71	18	long	long	ADJ
ape-56636	71	19	research	research	NOUN
ape-56636	71	20	and	and	CCONJ
ape-56636	71	21	development	development	NOUN
ape-56636	71	22	cycles	cycle	NOUN
ape-56636	71	23	of	of	ADP
ape-56636	71	24	technology	technology	NOUN
ape-56636	71	25	enterprises	enterprise	NOUN
ape-56636	71	26	.	.	PUNCT
ape-56636	72	1	the	the	DET
ape-56636	72	2	popularity	popularity	NOUN
ape-56636	72	3	of	of	ADP
ape-56636	72	4	new	new	ADJ
ape-56636	72	5	tools	tool	NOUN
ape-56636	72	6	such	such	ADJ
ape-56636	72	7	as	as	ADP
ape-56636	72	8	equity	equity	NOUN
ape-56636	72	9	investment	investment	NOUN
ape-56636	72	10	,	,	PUNCT
ape-56636	72	11	convertible	convertible	ADJ
ape-56636	72	12	bonds	bond	NOUN
ape-56636	72	13	,	,	PUNCT
ape-56636	72	14	and	and	CCONJ
ape-56636	72	15	intellectual	intellectual	ADJ
ape-56636	72	16	property	property	NOUN
ape-56636	72	17	securitization	securitization	NOUN
ape-56636	72	18	remains	remain	VERB
ape-56636	72	19	low	low	ADJ
ape-56636	72	20	.	.	PUNCT
ape-56636	73	1	an	an	DET
ape-56636	73	2	effective	effective	ADJ
ape-56636	73	3	cooperation	cooperation	NOUN
ape-56636	73	4	mechanism	mechanism	NOUN
ape-56636	73	5	between	between	ADP
ape-56636	73	6	banks	bank	NOUN
ape-56636	73	7	and	and	CCONJ
ape-56636	73	8	venture	venture	NOUN
ape-56636	73	9	capital	capital	NOUN
ape-56636	73	10	institutions	institution	NOUN
ape-56636	73	11	has	have	AUX
ape-56636	73	12	not	not	PART
ape-56636	73	13	been	be	AUX
ape-56636	73	14	established	establish	VERB
ape-56636	73	15	,	,	PUNCT
ape-56636	73	16	making	make	VERB
ape-56636	73	17	it	it	PRON
ape-56636	73	18	difficult	difficult	ADJ
ape-56636	73	19	to	to	PART
ape-56636	73	20	match	match	VERB
ape-56636	73	21	investment	investment	NOUN
ape-56636	73	22	and	and	CCONJ
ape-56636	73	23	credit	credit	NOUN
ape-56636	73	24	cycles	cycle	NOUN
ape-56636	73	25	and	and	CCONJ
ape-56636	73	26	inhibiting	inhibit	VERB
ape-56636	73	27	banks	bank	NOUN
ape-56636	73	28	’	’	PART
ape-56636	73	29	enthusiasm	enthusiasm	NOUN
ape-56636	73	30	for	for	ADP
ape-56636	73	31	participating	participate	VERB
ape-56636	73	32	in	in	ADP
ape-56636	73	33	early	early	ADJ
ape-56636	73	34	-	-	PUNCT
ape-56636	73	35	stage	stage	NOUN
ape-56636	73	36	technology	technology	NOUN
ape-56636	73	37	investments	investment	NOUN
ape-56636	73	38	.	.	PUNCT
ape-56636	74	1	insufficient	insufficient	ADJ
ape-56636	74	2	capability	capability	NOUN
ape-56636	74	3	of	of	ADP
ape-56636	74	4	the	the	DET
ape-56636	74	5	capital	capital	NOUN
ape-56636	74	6	market	market	NOUN
ape-56636	74	7	to	to	PART
ape-56636	74	8	support	support	VERB
ape-56636	74	9	technological	technological	ADJ
ape-56636	74	10	innovation	innovation	NOUN
ape-56636	74	11	although	although	SCONJ
ape-56636	74	12	china	china	PROPN
ape-56636	74	13	’s	’s	PART
ape-56636	74	14	capital	capital	NOUN
ape-56636	74	15	market	market	NOUN
ape-56636	74	16	has	have	AUX
ape-56636	74	17	continuously	continuously	ADV
ape-56636	74	18	improved	improve	VERB
ape-56636	74	19	in	in	ADP
ape-56636	74	20	terms	term	NOUN
ape-56636	74	21	of	of	ADP
ape-56636	74	22	scale	scale	NOUN
ape-56636	74	23	and	and	CCONJ
ape-56636	74	24	institutional	institutional	ADJ
ape-56636	74	25	construction	construction	NOUN
ape-56636	74	26	,	,	PUNCT
ape-56636	74	27	a	a	DET
ape-56636	74	28	multi	multi	ADJ
ape-56636	74	29	-	-	ADJ
ape-56636	74	30	level	level	ADJ
ape-56636	74	31	capital	capital	NOUN
ape-56636	74	32	market	market	NOUN
ape-56636	74	33	system	system	NOUN
ape-56636	74	34	oriented	orient	VERB
ape-56636	74	35	towards	towards	ADP
ape-56636	74	36	technological	technological	ADJ
ape-56636	74	37	innovation	innovation	NOUN
ape-56636	74	38	is	be	AUX
ape-56636	74	39	still	still	ADV
ape-56636	74	40	underdeveloped	underdeveloped	ADJ
ape-56636	74	41	.	.	PUNCT
ape-56636	75	1	the	the	DET
ape-56636	75	2	financial	financial	ADJ
ape-56636	75	3	system	system	NOUN
ape-56636	75	4	provides	provide	VERB
ape-56636	75	5	weak	weak	ADJ
ape-56636	75	6	support	support	NOUN
ape-56636	75	7	for	for	ADP
ape-56636	75	8	the	the	DET
ape-56636	75	9	front	front	ADJ
ape-56636	75	10	end	end	NOUN
ape-56636	75	11	of	of	ADP
ape-56636	75	12	technological	technological	ADJ
ape-56636	75	13	innovation	innovation	NOUN
ape-56636	75	14	.	.	PUNCT
ape-56636	76	1	financial	financial	ADJ
ape-56636	76	2	institutions	institution	NOUN
ape-56636	76	3	are	be	AUX
ape-56636	76	4	unwilling	unwilling	ADJ
ape-56636	76	5	to	to	PART
ape-56636	76	6	undertake	undertake	VERB
ape-56636	76	7	high	high	ADJ
ape-56636	76	8	-	-	PUNCT
ape-56636	76	9	risk	risk	NOUN
ape-56636	76	10	projects	project	NOUN
ape-56636	76	11	with	with	ADP
ape-56636	76	12	uncertain	uncertain	ADJ
ape-56636	76	13	technological	technological	ADJ
ape-56636	76	14	paths	path	NOUN
ape-56636	76	15	and	and	CCONJ
ape-56636	76	16	provide	provide	VERB
ape-56636	76	17	insufficient	insufficient	ADJ
ape-56636	76	18	financial	financial	ADJ
ape-56636	76	19	support	support	NOUN
ape-56636	76	20	for	for	ADP
ape-56636	76	21	the	the	DET
ape-56636	76	22	concept	concept	NOUN
ape-56636	76	23	verification	verification	NOUN
ape-56636	76	24	and	and	CCONJ
ape-56636	76	25	pilot	pilot	NOUN
ape-56636	76	26	testing	testing	NOUN
ape-56636	76	27	stages	stage	NOUN
ape-56636	76	28	.	.	PUNCT
ape-56636	77	1	financial	financial	ADJ
ape-56636	77	2	institutions	institution	NOUN
ape-56636	77	3	still	still	ADV
ape-56636	77	4	mainly	mainly	ADV
ape-56636	77	5	rely	rely	VERB
ape-56636	77	6	on	on	ADP
ape-56636	77	7	traditional	traditional	ADJ
ape-56636	77	8	financial	financial	ADJ
ape-56636	77	9	indicators	indicator	NOUN
ape-56636	77	10	to	to	PART
ape-56636	77	11	evaluate	evaluate	VERB
ape-56636	77	12	technology	technology	NOUN
ape-56636	77	13	enterprises	enterprise	NOUN
ape-56636	77	14	,	,	PUNCT
ape-56636	77	15	making	make	VERB
ape-56636	77	16	it	it	PRON
ape-56636	77	17	difficult	difficult	ADJ
ape-56636	77	18	to	to	PART
ape-56636	77	19	quantify	quantify	VERB
ape-56636	77	20	technological	technological	ADJ
ape-56636	77	21	value	value	NOUN
ape-56636	77	22	and	and	CCONJ
ape-56636	77	23	hindering	hinder	VERB
ape-56636	77	24	small	small	ADJ
ape-56636	77	25	technology	technology	NOUN
ape-56636	77	26	enterprises	enterprise	NOUN
ape-56636	77	27	from	from	ADP
ape-56636	77	28	obtaining	obtain	VERB
ape-56636	77	29	loans	loan	NOUN
ape-56636	77	30	.	.	PUNCT
ape-56636	78	1	platforms	platform	NOUN
ape-56636	78	2	such	such	ADJ
ape-56636	78	3	as	as	ADP
ape-56636	78	4	the	the	DET
ape-56636	78	5	science	science	NOUN
ape-56636	78	6	and	and	CCONJ
ape-56636	78	7	technology	technology	NOUN
ape-56636	78	8	innovation	innovation	NOUN
ape-56636	78	9	board	board	NOUN
ape-56636	78	10	and	and	CCONJ
ape-56636	78	11	neeq	neeq	NOUN
ape-56636	78	12	are	be	AUX
ape-56636	78	13	still	still	ADV
ape-56636	78	14	in	in	ADP
ape-56636	78	15	their	their	PRON
ape-56636	78	16	early	early	ADJ
ape-56636	78	17	stages	stage	NOUN
ape-56636	78	18	,	,	PUNCT
ape-56636	78	19	with	with	ADP
ape-56636	78	20	market	market	NOUN
ape-56636	78	21	liquidity	liquidity	NOUN
ape-56636	78	22	,	,	PUNCT
ape-56636	78	23	exit	exit	NOUN
ape-56636	78	24	mechanisms	mechanism	NOUN
ape-56636	78	25	,	,	PUNCT
ape-56636	78	26	and	and	CCONJ
ape-56636	78	27	risk	risk	NOUN
ape-56636	78	28	pricing	pricing	NOUN
ape-56636	78	29	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	78	30	advances	advance	NOUN
ape-56636	78	31	in	in	ADP
ape-56636	78	32	politics	politic	NOUN
ape-56636	78	33	and	and	CCONJ
ape-56636	78	34	economics	economic	NOUN
ape-56636	78	35	vol	vol	NOUN
ape-56636	78	36	.	.	PROPN
ape-56636	78	37	8	8	NUM
ape-56636	78	38	,	,	PUNCT
ape-56636	78	39	no	no	INTJ
ape-56636	78	40	.	.	NOUN
ape-56636	78	41	1	1	NUM
ape-56636	78	42	,	,	PUNCT
ape-56636	78	43	2025	2025	NUM
ape-56636	78	44	published	publish	VERB
ape-56636	78	45	by	by	ADP
ape-56636	78	46	scholink	scholink	PROPN
ape-56636	78	47	inc	inc	PROPN
ape-56636	78	48	.	.	PROPN
ape-56636	79	1	131	131	NUM
ape-56636	79	2	capabilities	capability	NOUN
ape-56636	79	3	needing	need	VERB
ape-56636	79	4	improvement	improvement	NOUN
ape-56636	79	5	,	,	PUNCT
ape-56636	79	6	limiting	limit	VERB
ape-56636	79	7	the	the	DET
ape-56636	79	8	ability	ability	NOUN
ape-56636	79	9	of	of	ADP
ape-56636	79	10	technology	technology	NOUN
ape-56636	79	11	enterprises	enterprise	NOUN
ape-56636	79	12	to	to	PART
ape-56636	79	13	configure	configure	VERB
ape-56636	79	14	resources	resource	NOUN
ape-56636	79	15	through	through	ADP
ape-56636	79	16	direct	direct	ADJ
ape-56636	79	17	financing	financing	NOUN
ape-56636	79	18	.	.	PUNCT
ape-56636	80	1	the	the	DET
ape-56636	80	2	construction	construction	NOUN
ape-56636	80	3	of	of	ADP
ape-56636	80	4	the	the	DET
ape-56636	80	5	science	science	NOUN
ape-56636	80	6	and	and	CCONJ
ape-56636	80	7	technology	technology	NOUN
ape-56636	80	8	finance	finance	NOUN
ape-56636	80	9	ecosystem	ecosystem	NOUN
ape-56636	80	10	lags	lag	VERB
ape-56636	80	11	behind	behind	ADV
ape-56636	80	12	,	,	PUNCT
ape-56636	80	13	lacking	lack	VERB
ape-56636	80	14	an	an	DET
ape-56636	80	15	integrated	integrated	ADJ
ape-56636	80	16	collaborative	collaborative	ADJ
ape-56636	80	17	platform	platform	NOUN
ape-56636	80	18	for	for	ADP
ape-56636	80	19	multiple	multiple	ADJ
ape-56636	80	20	entities	entity	NOUN
ape-56636	80	21	such	such	ADJ
ape-56636	80	22	as	as	ADP
ape-56636	80	23	venture	venture	NOUN
ape-56636	80	24	capital	capital	NOUN
ape-56636	80	25	,	,	PUNCT
ape-56636	80	26	investment	investment	NOUN
ape-56636	80	27	banks	bank	NOUN
ape-56636	80	28	,	,	PUNCT
ape-56636	80	29	commercial	commercial	ADJ
ape-56636	80	30	banks	bank	NOUN
ape-56636	80	31	,	,	PUNCT
ape-56636	80	32	insurance	insurance	NOUN
ape-56636	80	33	institutions	institution	NOUN
ape-56636	80	34	,	,	PUNCT
ape-56636	80	35	and	and	CCONJ
ape-56636	80	36	guarantee	guarantee	NOUN
ape-56636	80	37	institutions	institution	NOUN
ape-56636	80	38	.	.	PUNCT
ape-56636	81	1	the	the	DET
ape-56636	81	2	services	service	NOUN
ape-56636	81	3	provided	provide	VERB
ape-56636	81	4	by	by	ADP
ape-56636	81	5	various	various	ADJ
ape-56636	81	6	institutions	institution	NOUN
ape-56636	81	7	are	be	AUX
ape-56636	81	8	fragmented	fragmented	ADJ
ape-56636	81	9	and	and	CCONJ
ape-56636	81	10	difficult	difficult	ADJ
ape-56636	81	11	to	to	PART
ape-56636	81	12	form	form	VERB
ape-56636	81	13	a	a	DET
ape-56636	81	14	closed	closed	ADJ
ape-56636	81	15	loop	loop	NOUN
ape-56636	81	16	.	.	PUNCT
ape-56636	82	1	inadequate	inadequate	ADJ
ape-56636	82	2	risk	risk	NOUN
ape-56636	82	3	-	-	PUNCT
ape-56636	82	4	sharing	share	VERB
ape-56636	82	5	and	and	CCONJ
ape-56636	82	6	management	management	NOUN
ape-56636	82	7	mechanisms	mechanism	NOUN
ape-56636	82	8	financial	financial	ADJ
ape-56636	82	9	institutions	institution	NOUN
ape-56636	82	10	lack	lack	VERB
ape-56636	82	11	the	the	DET
ape-56636	82	12	ability	ability	NOUN
ape-56636	82	13	to	to	PART
ape-56636	82	14	effectively	effectively	ADV
ape-56636	82	15	identify	identify	VERB
ape-56636	82	16	and	and	CCONJ
ape-56636	82	17	price	price	VERB
ape-56636	82	18	technological	technological	ADJ
ape-56636	82	19	risks	risk	NOUN
ape-56636	82	20	and	and	CCONJ
ape-56636	82	21	market	market	NOUN
ape-56636	82	22	risks	risk	NOUN
ape-56636	82	23	,	,	PUNCT
ape-56636	82	24	as	as	ADV
ape-56636	82	25	well	well	ADV
ape-56636	82	26	as	as	ADP
ape-56636	82	27	effective	effective	ADJ
ape-56636	82	28	risk	risk	NOUN
ape-56636	82	29	mitigation	mitigation	NOUN
ape-56636	82	30	tools.in	tools.in	PRON
ape-56636	82	31	some	some	DET
ape-56636	82	32	cutting	cut	VERB
ape-56636	82	33	-	-	PUNCT
ape-56636	82	34	edge	edge	NOUN
ape-56636	82	35	technological	technological	ADJ
ape-56636	82	36	fields	field	NOUN
ape-56636	82	37	,	,	PUNCT
ape-56636	82	38	due	due	ADP
ape-56636	82	39	to	to	ADP
ape-56636	82	40	a	a	DET
ape-56636	82	41	lack	lack	NOUN
ape-56636	82	42	of	of	ADP
ape-56636	82	43	sufficient	sufficient	ADJ
ape-56636	82	44	data	datum	NOUN
ape-56636	82	45	,	,	PUNCT
ape-56636	82	46	it	it	PRON
ape-56636	82	47	is	be	AUX
ape-56636	82	48	difficult	difficult	ADJ
ape-56636	82	49	to	to	PART
ape-56636	82	50	develop	develop	VERB
ape-56636	82	51	corresponding	corresponding	ADJ
ape-56636	82	52	insurance	insurance	NOUN
ape-56636	82	53	products	product	NOUN
ape-56636	82	54	.	.	PUNCT
ape-56636	83	1	policy	policy	NOUN
ape-56636	83	2	tools	tool	NOUN
ape-56636	83	3	such	such	ADJ
ape-56636	83	4	as	as	ADP
ape-56636	83	5	fiscal	fiscal	ADJ
ape-56636	83	6	subsidies	subsidy	NOUN
ape-56636	83	7	and	and	CCONJ
ape-56636	83	8	guarantees	guarantee	NOUN
ape-56636	83	9	have	have	AUX
ape-56636	83	10	not	not	PART
ape-56636	83	11	formed	form	VERB
ape-56636	83	12	effective	effective	ADJ
ape-56636	83	13	linkage	linkage	NOUN
ape-56636	83	14	with	with	ADP
ape-56636	83	15	market	market	NOUN
ape-56636	83	16	-	-	PUNCT
ape-56636	83	17	based	base	VERB
ape-56636	83	18	venture	venture	NOUN
ape-56636	83	19	capital	capital	NOUN
ape-56636	83	20	.	.	PUNCT
ape-56636	84	1	the	the	DET
ape-56636	84	2	failure	failure	NOUN
ape-56636	84	3	risks	risk	NOUN
ape-56636	84	4	of	of	ADP
ape-56636	84	5	technology	technology	NOUN
ape-56636	84	6	projects	project	NOUN
ape-56636	84	7	are	be	AUX
ape-56636	84	8	almost	almost	ADV
ape-56636	84	9	entirely	entirely	ADV
ape-56636	84	10	borne	bear	VERB
ape-56636	84	11	by	by	ADP
ape-56636	84	12	financial	financial	ADJ
ape-56636	84	13	institutions	institution	NOUN
ape-56636	84	14	,	,	PUNCT
ape-56636	84	15	lacking	lack	VERB
ape-56636	84	16	a	a	DET
ape-56636	84	17	multi	multi	ADJ
ape-56636	84	18	-	-	ADJ
ape-56636	84	19	party	party	ADJ
ape-56636	84	20	collaborative	collaborative	ADJ
ape-56636	84	21	risk	risk	NOUN
ape-56636	84	22	-	-	PUNCT
ape-56636	84	23	sharing	share	VERB
ape-56636	84	24	mechanism	mechanism	NOUN
ape-56636	84	25	involving	involve	VERB
ape-56636	84	26	the	the	DET
ape-56636	84	27	government	government	NOUN
ape-56636	84	28	,	,	PUNCT
ape-56636	84	29	insurance	insurance	NOUN
ape-56636	84	30	,	,	PUNCT
ape-56636	84	31	guarantees	guarantee	NOUN
ape-56636	84	32	,	,	PUNCT
ape-56636	84	33	and	and	CCONJ
ape-56636	84	34	guide	guide	VERB
ape-56636	84	35	funds	fund	NOUN
ape-56636	84	36	.	.	PUNCT
ape-56636	85	1	this	this	PRON
ape-56636	85	2	leads	lead	VERB
ape-56636	85	3	financial	financial	ADJ
ape-56636	85	4	institutions	institution	NOUN
ape-56636	85	5	to	to	PART
ape-56636	85	6	tend	tend	VERB
ape-56636	85	7	to	to	PART
ape-56636	85	8	avoid	avoid	VERB
ape-56636	85	9	rather	rather	ADV
ape-56636	85	10	than	than	ADP
ape-56636	85	11	support	support	VERB
ape-56636	85	12	technology	technology	NOUN
ape-56636	85	13	-	-	PUNCT
ape-56636	85	14	based	base	VERB
ape-56636	85	15	enterprises	enterprise	NOUN
ape-56636	85	16	when	when	SCONJ
ape-56636	85	17	facing	face	VERB
ape-56636	85	18	them	they	PRON
ape-56636	85	19	,	,	PUNCT
ape-56636	85	20	constraining	constrain	VERB
ape-56636	85	21	the	the	DET
ape-56636	85	22	sustainable	sustainable	ADJ
ape-56636	85	23	development	development	NOUN
ape-56636	85	24	of	of	ADP
ape-56636	85	25	the	the	DET
ape-56636	85	26	science	science	NOUN
ape-56636	85	27	and	and	CCONJ
ape-56636	85	28	technology	technology	NOUN
ape-56636	85	29	finance	finance	NOUN
ape-56636	85	30	service	service	NOUN
ape-56636	85	31	system	system	NOUN
ape-56636	85	32	.	.	PUNCT
ape-56636	86	1	5	5	X
ape-56636	86	2	.	.	X
ape-56636	86	3	basic	basic	ADJ
ape-56636	86	4	principles	principle	NOUN
ape-56636	86	5	of	of	ADP
ape-56636	86	6	designing	design	VERB
ape-56636	86	7	tech	tech	NOUN
ape-56636	86	8	-	-	PUNCT
ape-56636	86	9	finance	finance	NOUN
ape-56636	86	10	policies	policy	NOUN
ape-56636	86	11	5.1	5.1	NUM
ape-56636	86	12	basic	basic	ADJ
ape-56636	86	13	principles	principle	NOUN
ape-56636	86	14	of	of	ADP
ape-56636	86	15	policy	policy	NOUN
ape-56636	86	16	design	design	NOUN
ape-56636	86	17	adhering	adhere	VERB
ape-56636	86	18	to	to	ADP
ape-56636	86	19	market	market	NOUN
ape-56636	86	20	-	-	PUNCT
ape-56636	86	21	oriented	orient	VERB
ape-56636	86	22	principles	principle	NOUN
ape-56636	86	23	government	government	NOUN
ape-56636	86	24	support	support	NOUN
ape-56636	86	25	policies	policy	NOUN
ape-56636	86	26	and	and	CCONJ
ape-56636	86	27	measures	measure	NOUN
ape-56636	86	28	must	must	AUX
ape-56636	86	29	respect	respect	VERB
ape-56636	86	30	market	market	NOUN
ape-56636	86	31	laws	law	NOUN
ape-56636	86	32	and	and	CCONJ
ape-56636	86	33	achieve	achieve	VERB
ape-56636	86	34	policy	policy	NOUN
ape-56636	86	35	goals	goal	NOUN
ape-56636	86	36	through	through	ADP
ape-56636	86	37	the	the	DET
ape-56636	86	38	combined	combine	VERB
ape-56636	86	39	efforts	effort	NOUN
ape-56636	86	40	of	of	ADP
ape-56636	86	41	government	government	NOUN
ape-56636	86	42	support	support	NOUN
ape-56636	86	43	and	and	CCONJ
ape-56636	86	44	market	market	NOUN
ape-56636	86	45	mechanisms	mechanism	NOUN
ape-56636	86	46	.	.	PUNCT
ape-56636	87	1	it	it	PRON
ape-56636	87	2	is	be	AUX
ape-56636	87	3	essential	essential	ADJ
ape-56636	87	4	to	to	PART
ape-56636	87	5	leverage	leverage	VERB
ape-56636	87	6	the	the	DET
ape-56636	87	7	decisive	decisive	ADJ
ape-56636	87	8	role	role	NOUN
ape-56636	87	9	of	of	ADP
ape-56636	87	10	the	the	DET
ape-56636	87	11	market	market	NOUN
ape-56636	87	12	in	in	ADP
ape-56636	87	13	resource	resource	NOUN
ape-56636	87	14	allocation	allocation	NOUN
ape-56636	87	15	,	,	PUNCT
ape-56636	87	16	guiding	guide	VERB
ape-56636	87	17	financial	financial	ADJ
ape-56636	87	18	resources	resource	NOUN
ape-56636	87	19	toward	toward	ADP
ape-56636	87	20	high	high	ADJ
ape-56636	87	21	-	-	PUNCT
ape-56636	87	22	potential	potential	ADJ
ape-56636	87	23	tech	tech	NOUN
ape-56636	87	24	sectors	sector	NOUN
ape-56636	87	25	through	through	ADP
ape-56636	87	26	price	price	NOUN
ape-56636	87	27	signals	signal	NOUN
ape-56636	87	28	.	.	PUNCT
ape-56636	88	1	meanwhile	meanwhile	ADV
ape-56636	88	2	,	,	PUNCT
ape-56636	88	3	the	the	DET
ape-56636	88	4	government	government	NOUN
ape-56636	88	5	should	should	AUX
ape-56636	88	6	“	"	PUNCT
ape-56636	88	7	act	act	VERB
ape-56636	88	8	where	where	SCONJ
ape-56636	88	9	necessary	necessary	ADJ
ape-56636	88	10	and	and	CCONJ
ape-56636	88	11	refrain	refrain	VERB
ape-56636	88	12	where	where	SCONJ
ape-56636	88	13	not	not	PART
ape-56636	88	14	,	,	PUNCT
ape-56636	88	15	”	"	PUNCT
ape-56636	88	16	intervening	intervene	VERB
ape-56636	88	17	in	in	ADP
ape-56636	88	18	areas	area	NOUN
ape-56636	88	19	where	where	SCONJ
ape-56636	88	20	market	market	NOUN
ape-56636	88	21	failures	failure	NOUN
ape-56636	88	22	occur	occur	VERB
ape-56636	88	23	,	,	PUNCT
ape-56636	88	24	such	such	ADJ
ape-56636	88	25	as	as	ADP
ape-56636	88	26	basic	basic	ADJ
ape-56636	88	27	research	research	NOUN
ape-56636	88	28	and	and	CCONJ
ape-56636	88	29	early	early	ADJ
ape-56636	88	30	-	-	PUNCT
ape-56636	88	31	stage	stage	NOUN
ape-56636	88	32	projects	project	NOUN
ape-56636	88	33	,	,	PUNCT
ape-56636	88	34	to	to	PART
ape-56636	88	35	prevent	prevent	VERB
ape-56636	88	36	resource	resource	NOUN
ape-56636	88	37	misallocation	misallocation	NOUN
ape-56636	88	38	and	and	CCONJ
ape-56636	88	39	moral	moral	ADJ
ape-56636	88	40	hazards	hazard	NOUN
ape-56636	88	41	caused	cause	VERB
ape-56636	88	42	by	by	ADP
ape-56636	88	43	excessive	excessive	ADJ
ape-56636	88	44	policy	policy	NOUN
ape-56636	88	45	intervention	intervention	NOUN
ape-56636	88	46	.	.	PUNCT
ape-56636	89	1	maintaining	maintain	VERB
ape-56636	89	2	fair	fair	ADJ
ape-56636	89	3	competition	competition	NOUN
ape-56636	89	4	maintaining	maintain	VERB
ape-56636	89	5	fair	fair	ADJ
ape-56636	89	6	market	market	NOUN
ape-56636	89	7	competition	competition	NOUN
ape-56636	89	8	is	be	AUX
ape-56636	89	9	crucial	crucial	ADJ
ape-56636	89	10	for	for	ADP
ape-56636	89	11	optimizing	optimize	VERB
ape-56636	89	12	the	the	DET
ape-56636	89	13	business	business	NOUN
ape-56636	89	14	environment	environment	NOUN
ape-56636	89	15	and	and	CCONJ
ape-56636	89	16	stimulating	stimulate	VERB
ape-56636	89	17	innovation	innovation	NOUN
ape-56636	89	18	vitality	vitality	NOUN
ape-56636	89	19	.	.	PUNCT
ape-56636	90	1	government	government	NOUN
ape-56636	90	2	intervention	intervention	NOUN
ape-56636	90	3	should	should	AUX
ape-56636	90	4	focus	focus	VERB
ape-56636	90	5	on	on	ADP
ape-56636	90	6	creating	create	VERB
ape-56636	90	7	a	a	DET
ape-56636	90	8	level	level	ADJ
ape-56636	90	9	playing	playing	NOUN
ape-56636	90	10	field	field	NOUN
ape-56636	90	11	,	,	PUNCT
ape-56636	90	12	ensuring	ensure	VERB
ape-56636	90	13	transparency	transparency	NOUN
ape-56636	90	14	in	in	ADP
ape-56636	90	15	policy	policy	NOUN
ape-56636	90	16	formulation	formulation	NOUN
ape-56636	90	17	and	and	CCONJ
ape-56636	90	18	execution	execution	NOUN
ape-56636	90	19	,	,	PUNCT
ape-56636	90	20	reducing	reduce	VERB
ape-56636	90	21	information	information	NOUN
ape-56636	90	22	asymmetry	asymmetry	NOUN
ape-56636	90	23	and	and	CCONJ
ape-56636	90	24	rent	rent	NOUN
ape-56636	90	25	-	-	PUNCT
ape-56636	90	26	seeking	seek	VERB
ape-56636	90	27	opportunities	opportunity	NOUN
ape-56636	90	28	,	,	PUNCT
ape-56636	90	29	and	and	CCONJ
ape-56636	90	30	ensuring	ensure	VERB
ape-56636	90	31	equal	equal	ADJ
ape-56636	90	32	access	access	NOUN
ape-56636	90	33	to	to	ADP
ape-56636	90	34	resources	resource	NOUN
ape-56636	90	35	and	and	CCONJ
ape-56636	90	36	participation	participation	NOUN
ape-56636	90	37	in	in	ADP
ape-56636	90	38	competition	competition	NOUN
ape-56636	90	39	for	for	ADP
ape-56636	90	40	all	all	DET
ape-56636	90	41	market	market	NOUN
ape-56636	90	42	entities	entity	NOUN
ape-56636	90	43	,	,	PUNCT
ape-56636	90	44	avoiding	avoid	VERB
ape-56636	90	45	policy	policy	NOUN
ape-56636	90	46	biases	bias	NOUN
ape-56636	90	47	or	or	CCONJ
ape-56636	90	48	hidden	hidden	ADJ
ape-56636	90	49	barriers	barrier	NOUN
ape-56636	90	50	.	.	PUNCT
ape-56636	91	1	it	it	PRON
ape-56636	91	2	is	be	AUX
ape-56636	91	3	also	also	ADV
ape-56636	91	4	important	important	ADJ
ape-56636	91	5	to	to	PART
ape-56636	91	6	balance	balance	VERB
ape-56636	91	7	efficiency	efficiency	NOUN
ape-56636	91	8	and	and	CCONJ
ape-56636	91	9	fairness	fairness	NOUN
ape-56636	91	10	,	,	PUNCT
ape-56636	91	11	strengthen	strengthen	VERB
ape-56636	91	12	intellectual	intellectual	ADJ
ape-56636	91	13	property	property	NOUN
ape-56636	91	14	protection	protection	NOUN
ape-56636	91	15	,	,	PUNCT
ape-56636	91	16	break	break	VERB
ape-56636	91	17	administrative	administrative	ADJ
ape-56636	91	18	monopolies	monopoly	NOUN
ape-56636	91	19	and	and	CCONJ
ape-56636	91	20	local	local	ADJ
ape-56636	91	21	protectionism	protectionism	NOUN
ape-56636	91	22	,	,	PUNCT
ape-56636	91	23	and	and	CCONJ
ape-56636	91	24	prevent	prevent	VERB
ape-56636	91	25	excessive	excessive	ADJ
ape-56636	91	26	competition	competition	NOUN
ape-56636	91	27	or	or	CCONJ
ape-56636	91	28	monopolies	monopoly	NOUN
ape-56636	91	29	from	from	ADP
ape-56636	91	30	stifling	stifle	VERB
ape-56636	91	31	innovation	innovation	NOUN
ape-56636	91	32	.	.	PUNCT
ape-56636	92	1	promoting	promote	VERB
ape-56636	92	2	equal	equal	ADJ
ape-56636	92	3	opportunities	opportunity	NOUN
ape-56636	92	4	tech	tech	NOUN
ape-56636	92	5	-	-	PUNCT
ape-56636	92	6	finance	finance	NOUN
ape-56636	92	7	policy	policy	NOUN
ape-56636	92	8	design	design	NOUN
ape-56636	92	9	should	should	AUX
ape-56636	92	10	lower	lower	VERB
ape-56636	92	11	support	support	NOUN
ape-56636	92	12	thresholds	threshold	NOUN
ape-56636	92	13	and	and	CCONJ
ape-56636	92	14	steadily	steadily	ADV
ape-56636	92	15	increase	increase	VERB
ape-56636	92	16	support	support	NOUN
ape-56636	92	17	intensity	intensity	NOUN
ape-56636	92	18	to	to	PART
ape-56636	92	19	promote	promote	VERB
ape-56636	92	20	social	social	ADJ
ape-56636	92	21	equity	equity	NOUN
ape-56636	92	22	and	and	CCONJ
ape-56636	92	23	inclusive	inclusive	ADJ
ape-56636	92	24	economic	economic	ADJ
ape-56636	92	25	growth	growth	NOUN
ape-56636	92	26	.	.	PUNCT
ape-56636	93	1	it	it	PRON
ape-56636	93	2	should	should	AUX
ape-56636	93	3	create	create	VERB
ape-56636	93	4	a	a	DET
ape-56636	93	5	relaxed	relaxed	ADJ
ape-56636	93	6	and	and	CCONJ
ape-56636	93	7	regulated	regulated	ADJ
ape-56636	93	8	institutional	institutional	ADJ
ape-56636	93	9	environment	environment	NOUN
ape-56636	93	10	to	to	PART
ape-56636	93	11	enhance	enhance	VERB
ape-56636	93	12	the	the	DET
ape-56636	93	13	success	success	NOUN
ape-56636	93	14	rate	rate	NOUN
ape-56636	93	15	of	of	ADP
ape-56636	93	16	entrepreneurial	entrepreneurial	ADJ
ape-56636	93	17	innovation	innovation	NOUN
ape-56636	93	18	among	among	ADP
ape-56636	93	19	small	small	ADJ
ape-56636	93	20	and	and	CCONJ
ape-56636	93	21	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	93	22	advances	advance	NOUN
ape-56636	93	23	in	in	ADP
ape-56636	93	24	politics	politic	NOUN
ape-56636	93	25	and	and	CCONJ
ape-56636	93	26	economics	economic	NOUN
ape-56636	93	27	vol	vol	NOUN
ape-56636	93	28	.	.	PROPN
ape-56636	94	1	8	8	NUM
ape-56636	94	2	,	,	PUNCT
ape-56636	94	3	no	no	INTJ
ape-56636	94	4	.	.	NOUN
ape-56636	94	5	1	1	NUM
ape-56636	94	6	,	,	PUNCT
ape-56636	94	7	2025	2025	NUM
ape-56636	94	8	published	publish	VERB
ape-56636	94	9	by	by	ADP
ape-56636	94	10	scholink	scholink	PROPN
ape-56636	94	11	inc	inc	PROPN
ape-56636	94	12	.	.	PROPN
ape-56636	94	13	132	132	NUM
ape-56636	94	14	medium	medium	ADJ
ape-56636	94	15	-	-	PUNCT
ape-56636	94	16	sized	sized	ADJ
ape-56636	94	17	tech	tech	NOUN
ape-56636	94	18	enterprises	enterprise	NOUN
ape-56636	94	19	.	.	PUNCT
ape-56636	95	1	simultaneously	simultaneously	ADV
ape-56636	95	2	,	,	PUNCT
ape-56636	95	3	regional	regional	ADJ
ape-56636	95	4	disparities	disparity	NOUN
ape-56636	95	5	should	should	AUX
ape-56636	95	6	be	be	AUX
ape-56636	95	7	considered	consider	VERB
ape-56636	95	8	to	to	PART
ape-56636	95	9	increase	increase	VERB
ape-56636	95	10	development	development	NOUN
ape-56636	95	11	opportunities	opportunity	NOUN
ape-56636	95	12	for	for	ADP
ape-56636	95	13	small	small	ADJ
ape-56636	95	14	and	and	CCONJ
ape-56636	95	15	medium	medium	ADJ
ape-56636	95	16	-	-	PUNCT
ape-56636	95	17	sized	sized	ADJ
ape-56636	95	18	tech	tech	NOUN
ape-56636	95	19	enterprises	enterprise	NOUN
ape-56636	95	20	in	in	ADP
ape-56636	95	21	underdeveloped	underdeveloped	ADJ
ape-56636	95	22	regions	region	NOUN
ape-56636	95	23	and	and	CCONJ
ape-56636	95	24	promote	promote	VERB
ape-56636	95	25	balanced	balanced	ADJ
ape-56636	95	26	regional	regional	ADJ
ape-56636	95	27	technological	technological	ADJ
ape-56636	95	28	innovation	innovation	NOUN
ape-56636	95	29	.	.	PUNCT
ape-56636	96	1	focusing	focus	VERB
ape-56636	96	2	on	on	ADP
ape-56636	96	3	sustainable	sustainable	ADJ
ape-56636	96	4	development	development	NOUN
ape-56636	96	5	sustainable	sustainable	ADJ
ape-56636	96	6	development	development	NOUN
ape-56636	96	7	should	should	AUX
ape-56636	96	8	be	be	AUX
ape-56636	96	9	ensured	ensure	VERB
ape-56636	96	10	by	by	ADP
ape-56636	96	11	guaranteeing	guarantee	VERB
ape-56636	96	12	the	the	DET
ape-56636	96	13	commercial	commercial	ADJ
ape-56636	96	14	viability	viability	NOUN
ape-56636	96	15	of	of	ADP
ape-56636	96	16	financial	financial	ADJ
ape-56636	96	17	institutions	institution	NOUN
ape-56636	96	18	in	in	ADP
ape-56636	96	19	supporting	support	VERB
ape-56636	96	20	technological	technological	ADJ
ape-56636	96	21	innovation	innovation	NOUN
ape-56636	96	22	,	,	PUNCT
ape-56636	96	23	providing	provide	VERB
ape-56636	96	24	sufficient	sufficient	ADJ
ape-56636	96	25	innovation	innovation	NOUN
ape-56636	96	26	incentives	incentive	NOUN
ape-56636	96	27	for	for	SCONJ
ape-56636	96	28	tech	tech	NOUN
ape-56636	96	29	innovators	innovator	NOUN
ape-56636	96	30	to	to	PART
ape-56636	96	31	foster	foster	VERB
ape-56636	96	32	a	a	DET
ape-56636	96	33	positive	positive	ADJ
ape-56636	96	34	interaction	interaction	NOUN
ape-56636	96	35	between	between	ADP
ape-56636	96	36	finance	finance	NOUN
ape-56636	96	37	and	and	CCONJ
ape-56636	96	38	technology	technology	NOUN
ape-56636	96	39	,	,	PUNCT
ape-56636	96	40	and	and	CCONJ
ape-56636	96	41	ensuring	ensure	VERB
ape-56636	96	42	the	the	DET
ape-56636	96	43	government	government	NOUN
ape-56636	96	44	’s	’s	PART
ape-56636	96	45	financial	financial	ADJ
ape-56636	96	46	sustainability	sustainability	NOUN
ape-56636	96	47	.	.	PUNCT
ape-56636	97	1	this	this	PRON
ape-56636	97	2	involves	involve	VERB
ape-56636	97	3	continuously	continuously	ADV
ape-56636	97	4	improving	improve	VERB
ape-56636	97	5	the	the	DET
ape-56636	97	6	endogenous	endogenous	ADJ
ape-56636	97	7	mechanisms	mechanism	NOUN
ape-56636	97	8	of	of	ADP
ape-56636	97	9	management	management	NOUN
ape-56636	97	10	and	and	CCONJ
ape-56636	97	11	services	service	NOUN
ape-56636	97	12	to	to	PART
ape-56636	97	13	ensure	ensure	VERB
ape-56636	97	14	that	that	SCONJ
ape-56636	97	15	the	the	DET
ape-56636	97	16	long	long	ADJ
ape-56636	97	17	-	-	PUNCT
ape-56636	97	18	term	term	NOUN
ape-56636	97	19	direct	direct	ADJ
ape-56636	97	20	and	and	CCONJ
ape-56636	97	21	indirect	indirect	ADJ
ape-56636	97	22	benefits	benefit	NOUN
ape-56636	97	23	of	of	ADP
ape-56636	97	24	policy	policy	NOUN
ape-56636	97	25	-	-	PUNCT
ape-56636	97	26	based	base	VERB
ape-56636	97	27	finance	finance	NOUN
ape-56636	97	28	or	or	CCONJ
ape-56636	97	29	other	other	ADJ
ape-56636	97	30	forms	form	NOUN
ape-56636	97	31	of	of	ADP
ape-56636	97	32	fiscal	fiscal	ADJ
ape-56636	97	33	support	support	NOUN
ape-56636	97	34	can	can	AUX
ape-56636	97	35	cover	cover	VERB
ape-56636	97	36	related	related	ADJ
ape-56636	97	37	costs	cost	NOUN
ape-56636	97	38	.	.	PUNCT
ape-56636	98	1	5.2	5.2	NUM
ape-56636	98	2	urgent	urgent	ADJ
ape-56636	98	3	issues	issue	NOUN
ape-56636	98	4	in	in	ADP
ape-56636	98	5	current	current	ADJ
ape-56636	98	6	tech	tech	NOUN
ape-56636	98	7	-	-	PUNCT
ape-56636	98	8	finance	finance	NOUN
ape-56636	98	9	policies	policy	NOUN
ape-56636	98	10	currently	currently	ADV
ape-56636	98	11	,	,	PUNCT
ape-56636	98	12	while	while	SCONJ
ape-56636	98	13	china	china	PROPN
ape-56636	98	14	’s	’s	PART
ape-56636	98	15	tech	tech	NOUN
ape-56636	98	16	-	-	PUNCT
ape-56636	98	17	finance	finance	NOUN
ape-56636	98	18	sector	sector	NOUN
ape-56636	98	19	is	be	AUX
ape-56636	98	20	developing	develop	VERB
ape-56636	98	21	rapidly	rapidly	ADV
ape-56636	98	22	,	,	PUNCT
ape-56636	98	23	it	it	PRON
ape-56636	98	24	still	still	ADV
ape-56636	98	25	faces	face	VERB
ape-56636	98	26	a	a	DET
ape-56636	98	27	series	series	NOUN
ape-56636	98	28	of	of	ADP
ape-56636	98	29	issues	issue	NOUN
ape-56636	98	30	that	that	PRON
ape-56636	98	31	require	require	VERB
ape-56636	98	32	government	government	NOUN
ape-56636	98	33	-	-	PUNCT
ape-56636	98	34	level	level	NOUN
ape-56636	98	35	coordination	coordination	NOUN
ape-56636	98	36	.	.	PUNCT
ape-56636	99	1	firstly	firstly	ADV
ape-56636	99	2	,	,	PUNCT
ape-56636	99	3	there	there	PRON
ape-56636	99	4	is	be	VERB
ape-56636	99	5	a	a	DET
ape-56636	99	6	lack	lack	NOUN
ape-56636	99	7	of	of	ADP
ape-56636	99	8	effective	effective	ADJ
ape-56636	99	9	linkage	linkage	NOUN
ape-56636	99	10	between	between	ADP
ape-56636	99	11	government	government	NOUN
ape-56636	99	12	fiscal	fiscal	ADJ
ape-56636	99	13	tools	tool	NOUN
ape-56636	99	14	and	and	CCONJ
ape-56636	99	15	market	market	NOUN
ape-56636	99	16	-	-	PUNCT
ape-56636	99	17	based	base	VERB
ape-56636	99	18	financial	financial	ADJ
ape-56636	99	19	instruments	instrument	NOUN
ape-56636	99	20	,	,	PUNCT
ape-56636	99	21	with	with	ADP
ape-56636	99	22	inadequate	inadequate	ADJ
ape-56636	99	23	institutional	institutional	ADJ
ape-56636	99	24	mechanisms	mechanism	NOUN
ape-56636	99	25	for	for	ADP
ape-56636	99	26	collaborative	collaborative	ADJ
ape-56636	99	27	support	support	NOUN
ape-56636	99	28	of	of	ADP
ape-56636	99	29	technological	technological	ADJ
ape-56636	99	30	innovation	innovation	NOUN
ape-56636	99	31	.	.	PUNCT
ape-56636	100	1	policy	policy	NOUN
ape-56636	100	2	funds	fund	NOUN
ape-56636	100	3	and	and	CCONJ
ape-56636	100	4	social	social	ADJ
ape-56636	100	5	capital	capital	NOUN
ape-56636	100	6	struggle	struggle	NOUN
ape-56636	100	7	to	to	PART
ape-56636	100	8	form	form	VERB
ape-56636	100	9	synergies	synergy	NOUN
ape-56636	100	10	in	in	ADP
ape-56636	100	11	resource	resource	NOUN
ape-56636	100	12	allocation	allocation	NOUN
ape-56636	100	13	.	.	PUNCT
ape-56636	101	1	secondly	secondly	ADV
ape-56636	101	2	,	,	PUNCT
ape-56636	101	3	information	information	NOUN
ape-56636	101	4	asymmetry	asymmetry	NOUN
ape-56636	101	5	is	be	AUX
ape-56636	101	6	prevalent	prevalent	ADJ
ape-56636	101	7	among	among	ADP
ape-56636	101	8	tech	tech	NOUN
ape-56636	101	9	enterprises	enterprise	NOUN
ape-56636	101	10	,	,	PUNCT
ape-56636	101	11	with	with	ADP
ape-56636	101	12	the	the	DET
ape-56636	101	13	professionalism	professionalism	NOUN
ape-56636	101	14	and	and	CCONJ
ape-56636	101	15	uncertainty	uncertainty	NOUN
ape-56636	101	16	of	of	ADP
ape-56636	101	17	their	their	PRON
ape-56636	101	18	r&d	r&d	NOUN
ape-56636	101	19	activities	activity	NOUN
ape-56636	101	20	increasing	increase	VERB
ape-56636	101	21	the	the	DET
ape-56636	101	22	difficulty	difficulty	NOUN
ape-56636	101	23	for	for	ADP
ape-56636	101	24	financial	financial	ADJ
ape-56636	101	25	institutions	institution	NOUN
ape-56636	101	26	to	to	PART
ape-56636	101	27	identify	identify	VERB
ape-56636	101	28	risks	risk	NOUN
ape-56636	101	29	and	and	CCONJ
ape-56636	101	30	hindering	hinder	VERB
ape-56636	101	31	the	the	DET
ape-56636	101	32	effective	effective	ADJ
ape-56636	101	33	flow	flow	NOUN
ape-56636	101	34	of	of	ADP
ape-56636	101	35	funds	fund	NOUN
ape-56636	101	36	.	.	PUNCT
ape-56636	102	1	thirdly	thirdly	ADV
ape-56636	102	2	,	,	PUNCT
ape-56636	102	3	the	the	DET
ape-56636	102	4	entrepreneurial	entrepreneurial	ADJ
ape-56636	102	5	integrity	integrity	NOUN
ape-56636	102	6	constraint	constraint	NOUN
ape-56636	102	7	mechanism	mechanism	NOUN
ape-56636	102	8	is	be	AUX
ape-56636	102	9	relatively	relatively	ADV
ape-56636	102	10	weak	weak	ADJ
ape-56636	102	11	,	,	PUNCT
ape-56636	102	12	with	with	ADP
ape-56636	102	13	inadequate	inadequate	ADJ
ape-56636	102	14	credit	credit	NOUN
ape-56636	102	15	evaluation	evaluation	NOUN
ape-56636	102	16	systems	system	NOUN
ape-56636	102	17	and	and	CCONJ
ape-56636	102	18	integrity	integrity	NOUN
ape-56636	102	19	education	education	NOUN
ape-56636	102	20	mechanisms	mechanism	NOUN
ape-56636	102	21	,	,	PUNCT
ape-56636	102	22	increasing	increase	VERB
ape-56636	102	23	the	the	DET
ape-56636	102	24	moral	moral	ADJ
ape-56636	102	25	hazards	hazard	NOUN
ape-56636	102	26	associated	associate	VERB
ape-56636	102	27	with	with	ADP
ape-56636	102	28	financial	financial	ADJ
ape-56636	102	29	support	support	NOUN
ape-56636	102	30	.	.	PUNCT
ape-56636	103	1	fourthly	fourthly	ADV
ape-56636	103	2	,	,	PUNCT
ape-56636	103	3	against	against	ADP
ape-56636	103	4	the	the	DET
ape-56636	103	5	backdrop	backdrop	NOUN
ape-56636	103	6	of	of	ADP
ape-56636	103	7	an	an	DET
ape-56636	103	8	imperfect	imperfect	ADJ
ape-56636	103	9	exit	exit	NOUN
ape-56636	103	10	mechanism	mechanism	NOUN
ape-56636	103	11	,	,	PUNCT
ape-56636	103	12	venture	venture	NOUN
ape-56636	103	13	capital	capital	NOUN
ape-56636	103	14	faces	face	VERB
ape-56636	103	15	incentive	incentive	NOUN
ape-56636	103	16	imbalances	imbalance	NOUN
ape-56636	103	17	and	and	CCONJ
ape-56636	103	18	adverse	adverse	ADJ
ape-56636	103	19	selection	selection	NOUN
ape-56636	103	20	issues	issue	NOUN
ape-56636	103	21	while	while	SCONJ
ape-56636	103	22	pursuing	pursue	VERB
ape-56636	103	23	high	high	ADJ
ape-56636	103	24	returns	return	NOUN
ape-56636	103	25	.	.	PUNCT
ape-56636	104	1	especially	especially	ADV
ape-56636	104	2	in	in	ADP
ape-56636	104	3	the	the	DET
ape-56636	104	4	“	"	PUNCT
ape-56636	104	5	user	user	NOUN
ape-56636	104	6	-	-	PUNCT
ape-56636	104	7	centric	centric	ADJ
ape-56636	104	8	”	"	PUNCT
ape-56636	104	9	internet	internet	NOUN
ape-56636	104	10	ecosystem	ecosystem	NOUN
ape-56636	104	11	,	,	PUNCT
ape-56636	104	12	some	some	DET
ape-56636	104	13	enterprises	enterprise	NOUN
ape-56636	104	14	prioritize	prioritize	VERB
ape-56636	104	15	short	short	ADJ
ape-56636	104	16	-	-	PUNCT
ape-56636	104	17	term	term	NOUN
ape-56636	104	18	user	user	NOUN
ape-56636	104	19	growth	growth	NOUN
ape-56636	104	20	over	over	ADP
ape-56636	104	21	long	long	ADJ
ape-56636	104	22	-	-	PUNCT
ape-56636	104	23	term	term	NOUN
ape-56636	104	24	benefits	benefit	NOUN
ape-56636	104	25	,	,	PUNCT
ape-56636	104	26	giving	give	VERB
ape-56636	104	27	rise	rise	NOUN
ape-56636	104	28	to	to	ADP
ape-56636	104	29	new	new	ADJ
ape-56636	104	30	moral	moral	ADJ
ape-56636	104	31	hazards	hazard	NOUN
ape-56636	104	32	.	.	PUNCT
ape-56636	105	1	fifthly	fifthly	ADV
ape-56636	105	2	,	,	PUNCT
ape-56636	105	3	with	with	ADP
ape-56636	105	4	increasingly	increasingly	ADV
ape-56636	105	5	fierce	fierce	ADJ
ape-56636	105	6	market	market	NOUN
ape-56636	105	7	competition	competition	NOUN
ape-56636	105	8	and	and	CCONJ
ape-56636	105	9	a	a	DET
ape-56636	105	10	shortened	shorten	VERB
ape-56636	105	11	overall	overall	ADJ
ape-56636	105	12	enterprise	enterprise	NOUN
ape-56636	105	13	lifecycle	lifecycle	NOUN
ape-56636	105	14	,	,	PUNCT
ape-56636	105	15	financial	financial	ADJ
ape-56636	105	16	support	support	NOUN
ape-56636	105	17	faces	face	VERB
ape-56636	105	18	higher	high	ADJ
ape-56636	105	19	uncertainty	uncertainty	NOUN
ape-56636	105	20	and	and	CCONJ
ape-56636	105	21	timeliness	timeliness	NOUN
ape-56636	105	22	pressures	pressure	NOUN
ape-56636	105	23	,	,	PUNCT
ape-56636	105	24	demanding	demand	VERB
ape-56636	105	25	greater	great	ADJ
ape-56636	105	26	professionalization	professionalization	NOUN
ape-56636	105	27	and	and	CCONJ
ape-56636	105	28	refinement	refinement	NOUN
ape-56636	105	29	in	in	ADP
ape-56636	105	30	tech	tech	NOUN
ape-56636	105	31	-	-	PUNCT
ape-56636	105	32	finance	finance	NOUN
ape-56636	105	33	services	service	NOUN
ape-56636	105	34	.	.	PUNCT
ape-56636	106	1	6	6	X
ape-56636	106	2	.	.	PUNCT
ape-56636	106	3	policy	policy	NOUN
ape-56636	106	4	recommendations	recommendation	NOUN
ape-56636	106	5	for	for	ADP
ape-56636	106	6	improving	improve	VERB
ape-56636	106	7	china	china	PROPN
ape-56636	106	8	’s	’s	PART
ape-56636	106	9	tech	tech	NOUN
ape-56636	106	10	-	-	PUNCT
ape-56636	106	11	finance	finance	NOUN
ape-56636	106	12	system	system	NOUN
ape-56636	106	13	6.1	6.1	NUM
ape-56636	106	14	unblocking	unblock	VERB
ape-56636	106	15	the	the	DET
ape-56636	106	16	circulation	circulation	NOUN
ape-56636	106	17	between	between	ADP
ape-56636	106	18	technology	technology	NOUN
ape-56636	106	19	and	and	CCONJ
ape-56636	106	20	finance	finance	NOUN
ape-56636	106	21	there	there	PRON
ape-56636	106	22	are	be	VERB
ape-56636	106	23	still	still	ADV
ape-56636	106	24	certain	certain	ADJ
ape-56636	106	25	obstacles	obstacle	NOUN
ape-56636	106	26	in	in	ADP
ape-56636	106	27	the	the	DET
ape-56636	106	28	circulation	circulation	NOUN
ape-56636	106	29	mechanism	mechanism	NOUN
ape-56636	106	30	between	between	ADP
ape-56636	106	31	technology	technology	NOUN
ape-56636	106	32	and	and	CCONJ
ape-56636	106	33	finance	finance	NOUN
ape-56636	106	34	,	,	PUNCT
ape-56636	106	35	necessitating	necessitate	VERB
ape-56636	106	36	institutional	institutional	ADJ
ape-56636	106	37	-	-	PUNCT
ape-56636	106	38	level	level	NOUN
ape-56636	106	39	unblocking	unblocking	NOUN
ape-56636	106	40	and	and	CCONJ
ape-56636	106	41	optimization	optimization	NOUN
ape-56636	106	42	.	.	PUNCT
ape-56636	107	1	on	on	ADP
ape-56636	107	2	one	one	NUM
ape-56636	107	3	hand	hand	NOUN
ape-56636	107	4	,	,	PUNCT
ape-56636	107	5	indirect	indirect	ADJ
ape-56636	107	6	financing	financing	NOUN
ape-56636	107	7	methods	method	NOUN
ape-56636	107	8	dominated	dominate	VERB
ape-56636	107	9	by	by	ADP
ape-56636	107	10	bank	bank	NOUN
ape-56636	107	11	credit	credit	NOUN
ape-56636	107	12	have	have	VERB
ape-56636	107	13	limitations	limitation	NOUN
ape-56636	107	14	in	in	ADP
ape-56636	107	15	supporting	support	VERB
ape-56636	107	16	the	the	DET
ape-56636	107	17	early	early	ADJ
ape-56636	107	18	-	-	PUNCT
ape-56636	107	19	stage	stage	NOUN
ape-56636	107	20	development	development	NOUN
ape-56636	107	21	of	of	ADP
ape-56636	107	22	tech	tech	NOUN
ape-56636	107	23	enterprises	enterprise	NOUN
ape-56636	107	24	,	,	PUNCT
ape-56636	107	25	particularly	particularly	ADV
ape-56636	107	26	in	in	ADP
ape-56636	107	27	meeting	meet	VERB
ape-56636	107	28	the	the	DET
ape-56636	107	29	financing	financing	NOUN
ape-56636	107	30	needs	need	NOUN
ape-56636	107	31	of	of	ADP
ape-56636	107	32	high	high	ADJ
ape-56636	107	33	-	-	PUNCT
ape-56636	107	34	risk	risk	NOUN
ape-56636	107	35	,	,	PUNCT
ape-56636	107	36	asset	asset	NOUN
ape-56636	107	37	-	-	PUNCT
ape-56636	107	38	light	light	NOUN
ape-56636	107	39	projects	project	NOUN
ape-56636	107	40	.	.	PUNCT
ape-56636	108	1	the	the	DET
ape-56636	108	2	function	function	NOUN
ape-56636	108	3	of	of	ADP
ape-56636	108	4	direct	direct	ADJ
ape-56636	108	5	financing	financing	NOUN
ape-56636	108	6	has	have	AUX
ape-56636	108	7	not	not	PART
ape-56636	108	8	been	be	AUX
ape-56636	108	9	fully	fully	ADV
ape-56636	108	10	leveraged	leverage	VERB
ape-56636	108	11	,	,	PUNCT
ape-56636	108	12	and	and	CCONJ
ape-56636	108	13	the	the	DET
ape-56636	108	14	channels	channel	NOUN
ape-56636	108	15	for	for	ADP
ape-56636	108	16	tech	tech	NOUN
ape-56636	108	17	innovation	innovation	NOUN
ape-56636	108	18	enterprises	enterprise	NOUN
ape-56636	108	19	to	to	PART
ape-56636	108	20	access	access	VERB
ape-56636	108	21	capital	capital	NOUN
ape-56636	108	22	markets	market	NOUN
ape-56636	108	23	need	need	VERB
ape-56636	108	24	to	to	PART
ape-56636	108	25	be	be	AUX
ape-56636	108	26	broadened	broaden	VERB
ape-56636	108	27	.	.	PUNCT
ape-56636	109	1	on	on	ADP
ape-56636	109	2	the	the	DET
ape-56636	109	3	other	other	ADJ
ape-56636	109	4	hand	hand	NOUN
ape-56636	109	5	,	,	PUNCT
ape-56636	109	6	the	the	DET
ape-56636	109	7	motivation	motivation	NOUN
ape-56636	109	8	and	and	CCONJ
ape-56636	109	9	capacity	capacity	NOUN
ape-56636	109	10	of	of	ADP
ape-56636	109	11	financial	financial	ADJ
ape-56636	109	12	institutions	institution	NOUN
ape-56636	109	13	to	to	PART
ape-56636	109	14	support	support	VERB
ape-56636	109	15	technological	technological	ADJ
ape-56636	109	16	innovation	innovation	NOUN
ape-56636	109	17	need	need	VERB
ape-56636	109	18	to	to	PART
ape-56636	109	19	be	be	AUX
ape-56636	109	20	strengthened	strengthen	VERB
ape-56636	109	21	,	,	PUNCT
ape-56636	109	22	especially	especially	ADV
ape-56636	109	23	in	in	ADP
ape-56636	109	24	terms	term	NOUN
ape-56636	109	25	of	of	ADP
ape-56636	109	26	professional	professional	ADJ
ape-56636	109	27	services	service	NOUN
ape-56636	109	28	,	,	PUNCT
ape-56636	109	29	resource	resource	NOUN
ape-56636	109	30	integration	integration	NOUN
ape-56636	109	31	,	,	PUNCT
ape-56636	109	32	and	and	CCONJ
ape-56636	109	33	project	project	NOUN
ape-56636	109	34	identification	identification	NOUN
ape-56636	109	35	by	by	ADP
ape-56636	109	36	key	key	ADJ
ape-56636	109	37	entities	entity	NOUN
ape-56636	109	38	such	such	ADJ
ape-56636	109	39	as	as	ADP
ape-56636	109	40	investment	investment	NOUN
ape-56636	109	41	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	109	42	advances	advance	VERB
ape-56636	109	43	in	in	ADP
ape-56636	109	44	politics	politic	NOUN
ape-56636	109	45	and	and	CCONJ
ape-56636	109	46	economics	economic	NOUN
ape-56636	109	47	vol	vol	NOUN
ape-56636	109	48	.	.	PROPN
ape-56636	110	1	8	8	NUM
ape-56636	110	2	,	,	PUNCT
ape-56636	110	3	no	no	INTJ
ape-56636	110	4	.	.	NOUN
ape-56636	110	5	1	1	NUM
ape-56636	110	6	,	,	PUNCT
ape-56636	110	7	2025	2025	NUM
ape-56636	110	8	published	publish	VERB
ape-56636	110	9	by	by	ADP
ape-56636	110	10	scholink	scholink	PROPN
ape-56636	110	11	inc	inc	PROPN
ape-56636	110	12	.	.	PROPN
ape-56636	110	13	133	133	NUM
ape-56636	110	14	banks	bank	NOUN
ape-56636	110	15	and	and	CCONJ
ape-56636	110	16	venture	venture	NOUN
ape-56636	110	17	capital	capital	NOUN
ape-56636	110	18	firms	firm	NOUN
ape-56636	110	19	.	.	PUNCT
ape-56636	111	1	additionally	additionally	ADV
ape-56636	111	2	,	,	PUNCT
ape-56636	111	3	there	there	PRON
ape-56636	111	4	is	be	VERB
ape-56636	111	5	room	room	NOUN
ape-56636	111	6	for	for	ADP
ape-56636	111	7	further	further	ADJ
ape-56636	111	8	optimization	optimization	NOUN
ape-56636	111	9	of	of	ADP
ape-56636	111	10	the	the	DET
ape-56636	111	11	performance	performance	NOUN
ape-56636	111	12	evaluation	evaluation	NOUN
ape-56636	111	13	mechanism	mechanism	NOUN
ape-56636	111	14	for	for	ADP
ape-56636	111	15	policy	policy	NOUN
ape-56636	111	16	-	-	PUNCT
ape-56636	111	17	based	base	VERB
ape-56636	111	18	tech	tech	NOUN
ape-56636	111	19	-	-	PUNCT
ape-56636	111	20	finance	finance	NOUN
ape-56636	111	21	.	.	PUNCT
ape-56636	112	1	the	the	DET
ape-56636	112	2	existing	exist	VERB
ape-56636	112	3	evaluation	evaluation	NOUN
ape-56636	112	4	mechanism	mechanism	NOUN
ape-56636	112	5	,	,	PUNCT
ape-56636	112	6	to	to	ADP
ape-56636	112	7	some	some	DET
ape-56636	112	8	extent	extent	NOUN
ape-56636	112	9	,	,	PUNCT
ape-56636	112	10	reinforces	reinforce	VERB
ape-56636	112	11	risk	risk	NOUN
ape-56636	112	12	aversion	aversion	NOUN
ape-56636	112	13	tendencies	tendency	NOUN
ape-56636	112	14	,	,	PUNCT
ape-56636	112	15	which	which	PRON
ape-56636	112	16	is	be	AUX
ape-56636	112	17	not	not	PART
ape-56636	112	18	conducive	conducive	ADJ
ape-56636	112	19	to	to	ADP
ape-56636	112	20	government	government	NOUN
ape-56636	112	21	-	-	PUNCT
ape-56636	112	22	backed	back	VERB
ape-56636	112	23	financial	financial	ADJ
ape-56636	112	24	institutions	institution	NOUN
ape-56636	112	25	participating	participate	VERB
ape-56636	112	26	in	in	ADP
ape-56636	112	27	high	high	ADJ
ape-56636	112	28	-	-	PUNCT
ape-56636	112	29	uncertainty	uncertainty	NOUN
ape-56636	112	30	tech	tech	NOUN
ape-56636	112	31	innovation	innovation	NOUN
ape-56636	112	32	projects	project	NOUN
ape-56636	112	33	.	.	PUNCT
ape-56636	113	1	in	in	ADP
ape-56636	113	2	the	the	DET
ape-56636	113	3	future	future	NOUN
ape-56636	113	4	,	,	PUNCT
ape-56636	113	5	it	it	PRON
ape-56636	113	6	is	be	AUX
ape-56636	113	7	necessary	necessary	ADJ
ape-56636	113	8	to	to	PART
ape-56636	113	9	promote	promote	VERB
ape-56636	113	10	the	the	DET
ape-56636	113	11	establishment	establishment	NOUN
ape-56636	113	12	of	of	ADP
ape-56636	113	13	a	a	DET
ape-56636	113	14	more	more	ADV
ape-56636	113	15	scientific	scientific	ADJ
ape-56636	113	16	and	and	CCONJ
ape-56636	113	17	reasonable	reasonable	ADJ
ape-56636	113	18	evaluation	evaluation	NOUN
ape-56636	113	19	system	system	NOUN
ape-56636	113	20	that	that	PRON
ape-56636	113	21	incentivizes	incentivize	VERB
ape-56636	113	22	financial	financial	ADJ
ape-56636	113	23	institutions	institution	NOUN
ape-56636	113	24	to	to	PART
ape-56636	113	25	reasonably	reasonably	ADV
ape-56636	113	26	undertake	undertake	VERB
ape-56636	113	27	innovation	innovation	NOUN
ape-56636	113	28	risks	risk	NOUN
ape-56636	113	29	while	while	SCONJ
ape-56636	113	30	preventing	prevent	VERB
ape-56636	113	31	moral	moral	ADJ
ape-56636	113	32	hazards	hazard	NOUN
ape-56636	113	33	,	,	PUNCT
ape-56636	113	34	gradually	gradually	ADV
ape-56636	113	35	enhancing	enhance	VERB
ape-56636	113	36	the	the	DET
ape-56636	113	37	circulation	circulation	NOUN
ape-56636	113	38	efficiency	efficiency	NOUN
ape-56636	113	39	between	between	ADP
ape-56636	113	40	technology	technology	NOUN
ape-56636	113	41	and	and	CCONJ
ape-56636	113	42	finance	finance	NOUN
ape-56636	113	43	.	.	PUNCT
ape-56636	114	1	6.2	6.2	NUM
ape-56636	114	2	enriching	enrich	VERB
ape-56636	114	3	the	the	DET
ape-56636	114	4	tech	tech	NOUN
ape-56636	114	5	-	-	PUNCT
ape-56636	114	6	finance	finance	NOUN
ape-56636	114	7	supply	supply	NOUN
ape-56636	114	8	ecosystem	ecosystem	NOUN
ape-56636	114	9	under	under	ADP
ape-56636	114	10	the	the	DET
ape-56636	114	11	current	current	ADJ
ape-56636	114	12	financial	financial	ADJ
ape-56636	114	13	service	service	NOUN
ape-56636	114	14	system	system	NOUN
ape-56636	114	15	,	,	PUNCT
ape-56636	114	16	tech	tech	NOUN
ape-56636	114	17	enterprises	enterprise	NOUN
ape-56636	114	18	face	face	VERB
ape-56636	114	19	practical	practical	ADJ
ape-56636	114	20	issues	issue	NOUN
ape-56636	114	21	such	such	ADJ
ape-56636	114	22	as	as	ADP
ape-56636	114	23	limited	limit	VERB
ape-56636	114	24	financing	financing	NOUN
ape-56636	114	25	channels	channel	NOUN
ape-56636	114	26	and	and	CCONJ
ape-56636	114	27	mismatched	mismatch	VERB
ape-56636	114	28	product	product	NOUN
ape-56636	114	29	tools	tool	NOUN
ape-56636	114	30	,	,	PUNCT
ape-56636	114	31	necessitating	necessitate	VERB
ape-56636	114	32	improvements	improvement	NOUN
ape-56636	114	33	from	from	ADP
ape-56636	114	34	the	the	DET
ape-56636	114	35	supply	supply	NOUN
ape-56636	114	36	side	side	NOUN
ape-56636	114	37	.	.	PUNCT
ape-56636	115	1	various	various	ADJ
ape-56636	115	2	financial	financial	ADJ
ape-56636	115	3	institutions	institution	NOUN
ape-56636	115	4	,	,	PUNCT
ape-56636	115	5	including	include	VERB
ape-56636	115	6	banks	bank	NOUN
ape-56636	115	7	,	,	PUNCT
ape-56636	115	8	insurance	insurance	NOUN
ape-56636	115	9	companies	company	NOUN
ape-56636	115	10	,	,	PUNCT
ape-56636	115	11	funds	fund	NOUN
ape-56636	115	12	,	,	PUNCT
ape-56636	115	13	and	and	CCONJ
ape-56636	115	14	securities	security	NOUN
ape-56636	115	15	firms	firm	NOUN
ape-56636	115	16	,	,	PUNCT
ape-56636	115	17	can	can	AUX
ape-56636	115	18	further	far	ADV
ape-56636	115	19	focus	focus	VERB
ape-56636	115	20	their	their	PRON
ape-56636	115	21	efforts	effort	NOUN
ape-56636	115	22	on	on	ADP
ape-56636	115	23	the	the	DET
ape-56636	115	24	key	key	ADJ
ape-56636	115	25	challenges	challenge	NOUN
ape-56636	115	26	faced	face	VERB
ape-56636	115	27	by	by	ADP
ape-56636	115	28	tech	tech	NOUN
ape-56636	115	29	enterprises	enterprise	NOUN
ape-56636	115	30	in	in	ADP
ape-56636	115	31	their	their	PRON
ape-56636	115	32	development	development	NOUN
ape-56636	115	33	,	,	PUNCT
ape-56636	115	34	precisely	precisely	ADV
ape-56636	115	35	targeting	target	VERB
ape-56636	115	36	product	product	NOUN
ape-56636	115	37	design	design	NOUN
ape-56636	115	38	and	and	CCONJ
ape-56636	115	39	service	service	NOUN
ape-56636	115	40	models	model	NOUN
ape-56636	115	41	to	to	PART
ape-56636	115	42	enhance	enhance	VERB
ape-56636	115	43	service	service	NOUN
ape-56636	115	44	precision	precision	NOUN
ape-56636	115	45	and	and	CCONJ
ape-56636	115	46	effectiveness	effectiveness	NOUN
ape-56636	115	47	.	.	PUNCT
ape-56636	116	1	specifically	specifically	ADV
ape-56636	116	2	,	,	PUNCT
ape-56636	116	3	firstly	firstly	ADV
ape-56636	116	4	,	,	PUNCT
ape-56636	116	5	a	a	DET
ape-56636	116	6	more	more	ADV
ape-56636	116	7	diversified	diversified	ADJ
ape-56636	116	8	tech	tech	NOUN
ape-56636	116	9	-	-	PUNCT
ape-56636	116	10	finance	finance	NOUN
ape-56636	116	11	market	market	NOUN
ape-56636	116	12	system	system	NOUN
ape-56636	116	13	can	can	AUX
ape-56636	116	14	be	be	AUX
ape-56636	116	15	promoted	promote	VERB
ape-56636	116	16	,	,	PUNCT
ape-56636	116	17	such	such	ADJ
ape-56636	116	18	as	as	ADP
ape-56636	116	19	the	the	DET
ape-56636	116	20	science	science	NOUN
ape-56636	116	21	and	and	CCONJ
ape-56636	116	22	technology	technology	NOUN
ape-56636	116	23	innovation	innovation	NOUN
ape-56636	116	24	board	board	PROPN
ape-56636	116	25	and	and	CCONJ
ape-56636	116	26	university	university	NOUN
ape-56636	116	27	financial	financial	ADJ
ape-56636	116	28	markets	market	NOUN
ape-56636	116	29	,	,	PUNCT
ape-56636	116	30	to	to	PART
ape-56636	116	31	provide	provide	VERB
ape-56636	116	32	differentiated	differentiated	ADJ
ape-56636	116	33	financing	financing	NOUN
ape-56636	116	34	tools	tool	NOUN
ape-56636	116	35	for	for	ADP
ape-56636	116	36	tech	tech	NOUN
ape-56636	116	37	enterprises	enterprise	NOUN
ape-56636	116	38	at	at	ADP
ape-56636	116	39	different	different	ADJ
ape-56636	116	40	stages	stage	NOUN
ape-56636	116	41	and	and	CCONJ
ape-56636	116	42	of	of	ADP
ape-56636	116	43	various	various	ADJ
ape-56636	116	44	types	type	NOUN
ape-56636	116	45	.	.	PUNCT
ape-56636	117	1	secondly	secondly	ADV
ape-56636	117	2	,	,	PUNCT
ape-56636	117	3	the	the	DET
ape-56636	117	4	organizational	organizational	ADJ
ape-56636	117	5	models	model	NOUN
ape-56636	117	6	of	of	ADP
ape-56636	117	7	financial	financial	ADJ
ape-56636	117	8	institutions	institution	NOUN
ape-56636	117	9	can	can	AUX
ape-56636	117	10	be	be	AUX
ape-56636	117	11	optimized	optimize	VERB
ape-56636	117	12	to	to	PART
ape-56636	117	13	adapt	adapt	VERB
ape-56636	117	14	to	to	ADP
ape-56636	117	15	the	the	DET
ape-56636	117	16	characteristics	characteristic	NOUN
ape-56636	117	17	of	of	ADP
ape-56636	117	18	tech	tech	NOUN
ape-56636	117	19	enterprises	enterprise	NOUN
ape-56636	117	20	,	,	PUNCT
ape-56636	117	21	such	such	ADJ
ape-56636	117	22	as	as	ADP
ape-56636	117	23	establishing	establish	VERB
ape-56636	117	24	tech	tech	NOUN
ape-56636	117	25	branches	branch	NOUN
ape-56636	117	26	,	,	PUNCT
ape-56636	117	27	tech	tech	NOUN
ape-56636	117	28	insurance	insurance	NOUN
ape-56636	117	29	subsidiaries	subsidiary	NOUN
ape-56636	117	30	,	,	PUNCT
ape-56636	117	31	and	and	CCONJ
ape-56636	117	32	professional	professional	ADJ
ape-56636	117	33	venture	venture	NOUN
ape-56636	117	34	capital	capital	NOUN
ape-56636	117	35	platforms	platform	NOUN
ape-56636	117	36	,	,	PUNCT
ape-56636	117	37	to	to	PART
ape-56636	117	38	enhance	enhance	VERB
ape-56636	117	39	their	their	PRON
ape-56636	117	40	understanding	understanding	NOUN
ape-56636	117	41	and	and	CCONJ
ape-56636	117	42	responsiveness	responsiveness	NOUN
ape-56636	117	43	to	to	ADP
ape-56636	117	44	tech	tech	NOUN
ape-56636	117	45	projects	project	NOUN
ape-56636	117	46	.	.	PUNCT
ape-56636	118	1	thirdly	thirdly	ADV
ape-56636	118	2	,	,	PUNCT
ape-56636	118	3	in	in	ADP
ape-56636	118	4	terms	term	NOUN
ape-56636	118	5	of	of	ADP
ape-56636	118	6	risk	risk	NOUN
ape-56636	118	7	protection	protection	NOUN
ape-56636	118	8	,	,	PUNCT
ape-56636	118	9	more	more	ADJ
ape-56636	118	10	professional	professional	ADJ
ape-56636	118	11	insurance	insurance	NOUN
ape-56636	118	12	products	product	NOUN
ape-56636	118	13	targeting	target	VERB
ape-56636	118	14	specific	specific	ADJ
ape-56636	118	15	industries	industry	NOUN
ape-56636	118	16	and	and	CCONJ
ape-56636	118	17	technological	technological	ADJ
ape-56636	118	18	directions	direction	NOUN
ape-56636	118	19	(	(	PUNCT
ape-56636	118	20	e.g.	e.g.	ADV
ape-56636	118	21	,	,	PUNCT
ape-56636	118	22	biotechnology	biotechnology	NOUN
ape-56636	118	23	,	,	PUNCT
ape-56636	118	24	artificial	artificial	ADJ
ape-56636	118	25	intelligence	intelligence	NOUN
ape-56636	118	26	,	,	PUNCT
ape-56636	118	27	and	and	CCONJ
ape-56636	118	28	new	new	ADJ
ape-56636	118	29	energy	energy	NOUN
ape-56636	118	30	)	)	PUNCT
ape-56636	118	31	need	need	VERB
ape-56636	118	32	to	to	PART
ape-56636	118	33	be	be	AUX
ape-56636	118	34	explored	explore	VERB
ape-56636	118	35	to	to	PART
ape-56636	118	36	reduce	reduce	VERB
ape-56636	118	37	the	the	DET
ape-56636	118	38	uncertainty	uncertainty	NOUN
ape-56636	118	39	of	of	ADP
ape-56636	118	40	enterprise	enterprise	NOUN
ape-56636	118	41	financing	financing	NOUN
ape-56636	118	42	and	and	CCONJ
ape-56636	118	43	operations	operation	NOUN
ape-56636	118	44	through	through	ADP
ape-56636	118	45	risk	risk	NOUN
ape-56636	118	46	compensation	compensation	NOUN
ape-56636	118	47	and	and	CCONJ
ape-56636	118	48	reinsurance	reinsurance	NOUN
ape-56636	118	49	mechanisms	mechanism	NOUN
ape-56636	118	50	.	.	PUNCT
ape-56636	119	1	strengthening	strengthen	VERB
ape-56636	119	2	incentives	incentive	NOUN
ape-56636	119	3	and	and	CCONJ
ape-56636	119	4	support	support	NOUN
ape-56636	119	5	for	for	ADP
ape-56636	119	6	these	these	DET
ape-56636	119	7	innovative	innovative	ADJ
ape-56636	119	8	services	service	NOUN
ape-56636	119	9	in	in	ADP
ape-56636	119	10	terms	term	NOUN
ape-56636	119	11	of	of	ADP
ape-56636	119	12	institutional	institutional	ADJ
ape-56636	119	13	construction	construction	NOUN
ape-56636	119	14	will	will	AUX
ape-56636	119	15	help	help	VERB
ape-56636	119	16	enhance	enhance	VERB
ape-56636	119	17	the	the	DET
ape-56636	119	18	adaptability	adaptability	NOUN
ape-56636	119	19	and	and	CCONJ
ape-56636	119	20	inclusiveness	inclusiveness	NOUN
ape-56636	119	21	of	of	ADP
ape-56636	119	22	the	the	DET
ape-56636	119	23	financial	financial	ADJ
ape-56636	119	24	system	system	NOUN
ape-56636	119	25	to	to	ADP
ape-56636	119	26	technological	technological	ADJ
ape-56636	119	27	innovation	innovation	NOUN
ape-56636	119	28	.	.	PUNCT
ape-56636	120	1	6.3	6.3	NUM
ape-56636	120	2	strengthening	strengthen	VERB
ape-56636	120	3	the	the	DET
ape-56636	120	4	tech	tech	NOUN
ape-56636	120	5	-	-	PUNCT
ape-56636	120	6	finance	finance	NOUN
ape-56636	120	7	support	support	NOUN
ape-56636	120	8	institution	institution	NOUN
ape-56636	120	9	system	system	NOUN
ape-56636	120	10	in	in	ADP
ape-56636	120	11	the	the	DET
ape-56636	120	12	process	process	NOUN
ape-56636	120	13	of	of	ADP
ape-56636	120	14	promoting	promote	VERB
ape-56636	120	15	the	the	DET
ape-56636	120	16	improvement	improvement	NOUN
ape-56636	120	17	of	of	ADP
ape-56636	120	18	the	the	DET
ape-56636	120	19	tech	tech	NOUN
ape-56636	120	20	-	-	PUNCT
ape-56636	120	21	finance	finance	NOUN
ape-56636	120	22	system	system	NOUN
ape-56636	120	23	,	,	PUNCT
ape-56636	120	24	some	some	DET
ape-56636	120	25	policy	policy	NOUN
ape-56636	120	26	-	-	PUNCT
ape-56636	120	27	based	base	VERB
ape-56636	120	28	support	support	NOUN
ape-56636	120	29	institutions	institution	NOUN
ape-56636	120	30	can	can	AUX
ape-56636	120	31	play	play	VERB
ape-56636	120	32	an	an	DET
ape-56636	120	33	active	active	ADJ
ape-56636	120	34	role	role	NOUN
ape-56636	120	35	in	in	ADP
ape-56636	120	36	filling	fill	VERB
ape-56636	120	37	market	market	NOUN
ape-56636	120	38	gaps	gap	NOUN
ape-56636	120	39	and	and	CCONJ
ape-56636	120	40	guiding	guide	VERB
ape-56636	120	41	social	social	ADJ
ape-56636	120	42	capital	capital	NOUN
ape-56636	120	43	.	.	PUNCT
ape-56636	121	1	firstly	firstly	ADV
ape-56636	121	2	,	,	PUNCT
ape-56636	121	3	a	a	DET
ape-56636	121	4	specialized	specialized	ADJ
ape-56636	121	5	national	national	ADJ
ape-56636	121	6	-	-	PUNCT
ape-56636	121	7	level	level	NOUN
ape-56636	121	8	tech	tech	NOUN
ape-56636	121	9	bank	bank	NOUN
ape-56636	121	10	can	can	AUX
ape-56636	121	11	be	be	AUX
ape-56636	121	12	considered	consider	VERB
ape-56636	121	13	to	to	PART
ape-56636	121	14	provide	provide	VERB
ape-56636	121	15	low	low	ADJ
ape-56636	121	16	-	-	PUNCT
ape-56636	121	17	interest	interest	NOUN
ape-56636	121	18	or	or	CCONJ
ape-56636	121	19	interest	interest	NOUN
ape-56636	121	20	-	-	PUNCT
ape-56636	121	21	free	free	ADJ
ape-56636	121	22	loans	loan	NOUN
ape-56636	121	23	to	to	ADP
ape-56636	121	24	small	small	ADJ
ape-56636	121	25	and	and	CCONJ
ape-56636	121	26	medium	medium	ADJ
ape-56636	121	27	-	-	PUNCT
ape-56636	121	28	sized	sized	ADJ
ape-56636	121	29	tech	tech	NOUN
ape-56636	121	30	enterprises	enterprise	NOUN
ape-56636	121	31	and	and	CCONJ
ape-56636	121	32	key	key	ADJ
ape-56636	121	33	innovation	innovation	NOUN
ape-56636	121	34	projects	project	NOUN
ape-56636	121	35	,	,	PUNCT
ape-56636	121	36	while	while	SCONJ
ape-56636	121	37	also	also	ADV
ape-56636	121	38	undertaking	undertake	VERB
ape-56636	121	39	public	public	ADJ
ape-56636	121	40	financial	financial	ADJ
ape-56636	121	41	functions	function	NOUN
ape-56636	121	42	to	to	PART
ape-56636	121	43	provide	provide	VERB
ape-56636	121	44	necessary	necessary	ADJ
ape-56636	121	45	support	support	NOUN
ape-56636	121	46	for	for	ADP
ape-56636	121	47	credit	credit	NOUN
ape-56636	121	48	reporting	reporting	NOUN
ape-56636	121	49	systems	system	NOUN
ape-56636	121	50	,	,	PUNCT
ape-56636	121	51	intellectual	intellectual	ADJ
ape-56636	121	52	property	property	NOUN
ape-56636	121	53	evaluation	evaluation	NOUN
ape-56636	121	54	systems	system	NOUN
ape-56636	121	55	,	,	PUNCT
ape-56636	121	56	etc	etc	X
ape-56636	121	57	.	.	X
ape-56636	121	58	,	,	PUNCT
ape-56636	121	59	and	and	CCONJ
ape-56636	121	60	enhance	enhance	VERB
ape-56636	121	61	the	the	DET
ape-56636	121	62	overall	overall	ADJ
ape-56636	121	63	level	level	NOUN
ape-56636	121	64	of	of	ADP
ape-56636	121	65	financial	financial	ADJ
ape-56636	121	66	infrastructure	infrastructure	NOUN
ape-56636	121	67	.	.	PUNCT
ape-56636	122	1	secondly	secondly	ADV
ape-56636	122	2	,	,	PUNCT
ape-56636	122	3	a	a	DET
ape-56636	122	4	national	national	ADJ
ape-56636	122	5	-	-	PUNCT
ape-56636	122	6	level	level	NOUN
ape-56636	122	7	reinsurance	reinsurance	NOUN
ape-56636	122	8	mechanism	mechanism	NOUN
ape-56636	122	9	can	can	AUX
ape-56636	122	10	be	be	AUX
ape-56636	122	11	constructed	construct	VERB
ape-56636	122	12	to	to	PART
ape-56636	122	13	disperse	disperse	VERB
ape-56636	122	14	the	the	DET
ape-56636	122	15	systemic	systemic	ADJ
ape-56636	122	16	risks	risk	NOUN
ape-56636	122	17	faced	face	VERB
ape-56636	122	18	by	by	ADP
ape-56636	122	19	tech	tech	NOUN
ape-56636	122	20	enterprises	enterprise	NOUN
ape-56636	122	21	in	in	ADP
ape-56636	122	22	terms	term	NOUN
ape-56636	122	23	of	of	ADP
ape-56636	122	24	technology	technology	NOUN
ape-56636	122	25	,	,	PUNCT
ape-56636	122	26	market	market	NOUN
ape-56636	122	27	,	,	PUNCT
ape-56636	122	28	and	and	CCONJ
ape-56636	122	29	talent	talent	NOUN
ape-56636	122	30	,	,	PUNCT
ape-56636	122	31	alleviating	alleviate	VERB
ape-56636	122	32	the	the	DET
ape-56636	122	33	risk	risk	NOUN
ape-56636	122	34	concerns	concern	NOUN
ape-56636	122	35	of	of	ADP
ape-56636	122	36	financial	financial	ADJ
ape-56636	122	37	institutions	institution	NOUN
ape-56636	122	38	during	during	ADP
ape-56636	122	39	capital	capital	NOUN
ape-56636	122	40	deployment	deployment	NOUN
ape-56636	122	41	.	.	PUNCT
ape-56636	123	1	especially	especially	ADV
ape-56636	123	2	in	in	ADP
ape-56636	123	3	specific	specific	ADJ
ape-56636	123	4	regions	region	NOUN
ape-56636	123	5	or	or	CCONJ
ape-56636	123	6	industries	industry	NOUN
ape-56636	123	7	,	,	PUNCT
ape-56636	123	8	risk	risk	NOUN
ape-56636	123	9	matching	matching	NOUN
ape-56636	123	10	mechanisms	mechanism	NOUN
ape-56636	123	11	can	can	AUX
ape-56636	123	12	be	be	AUX
ape-56636	123	13	utilized	utilize	VERB
ape-56636	123	14	to	to	PART
ape-56636	123	15	mitigate	mitigate	VERB
ape-56636	123	16	resource	resource	NOUN
ape-56636	123	17	misallocation	misallocation	NOUN
ape-56636	123	18	caused	cause	VERB
ape-56636	123	19	by	by	ADP
ape-56636	123	20	risk	risk	NOUN
ape-56636	123	21	homogeneity	homogeneity	NOUN
ape-56636	123	22	.	.	PUNCT
ape-56636	124	1	thirdly	thirdly	ADV
ape-56636	124	2	,	,	PUNCT
ape-56636	124	3	a	a	DET
ape-56636	124	4	national	national	ADJ
ape-56636	124	5	-	-	PUNCT
ape-56636	124	6	level	level	NOUN
ape-56636	124	7	strategic	strategic	ADJ
ape-56636	124	8	investment	investment	NOUN
ape-56636	124	9	fund	fund	NOUN
ape-56636	124	10	can	can	AUX
ape-56636	124	11	be	be	AUX
ape-56636	124	12	established	establish	VERB
ape-56636	124	13	,	,	PUNCT
ape-56636	124	14	adopting	adopt	VERB
ape-56636	124	15	a	a	DET
ape-56636	124	16	master	master	NOUN
ape-56636	124	17	fund	fund	NOUN
ape-56636	124	18	operation	operation	NOUN
ape-56636	124	19	model	model	NOUN
ape-56636	124	20	and	and	CCONJ
ape-56636	124	21	focusing	focus	VERB
ape-56636	124	22	on	on	ADP
ape-56636	124	23	strategic	strategic	ADJ
ape-56636	124	24	emerging	emerge	VERB
ape-56636	124	25	industries	industry	NOUN
ape-56636	124	26	.	.	PUNCT
ape-56636	125	1	this	this	PRON
ape-56636	125	2	will	will	AUX
ape-56636	125	3	not	not	PART
ape-56636	125	4	only	only	ADV
ape-56636	125	5	enhance	enhance	VERB
ape-56636	125	6	the	the	DET
ape-56636	125	7	supply	supply	NOUN
ape-56636	125	8	of	of	ADP
ape-56636	125	9	long	long	ADJ
ape-56636	125	10	-	-	PUNCT
ape-56636	125	11	term	term	NOUN
ape-56636	125	12	capital	capital	NOUN
ape-56636	125	13	www.scholink.org/ojs/index.php/ape	www.scholink.org/ojs/index.php/ape	NOUN
ape-56636	125	14	advances	advance	NOUN
ape-56636	125	15	in	in	ADP
ape-56636	125	16	politics	politic	NOUN
ape-56636	125	17	and	and	CCONJ
ape-56636	125	18	economics	economic	NOUN
ape-56636	125	19	vol	vol	NOUN
ape-56636	125	20	.	.	PROPN
ape-56636	126	1	8	8	NUM
ape-56636	126	2	,	,	PUNCT
ape-56636	126	3	no	no	INTJ
ape-56636	126	4	.	.	NOUN
ape-56636	126	5	1	1	NUM
ape-56636	126	6	,	,	PUNCT
ape-56636	126	7	2025	2025	NUM
ape-56636	126	8	published	publish	VERB
ape-56636	126	9	by	by	ADP
ape-56636	126	10	scholink	scholink	PROPN
ape-56636	126	11	inc	inc	PROPN
ape-56636	126	12	.	.	PROPN
ape-56636	126	13	134	134	NUM
ape-56636	126	14	but	but	CCONJ
ape-56636	126	15	also	also	ADV
ape-56636	126	16	serve	serve	VERB
ape-56636	126	17	as	as	ADP
ape-56636	126	18	a	a	DET
ape-56636	126	19	demonstration	demonstration	NOUN
ape-56636	126	20	and	and	CCONJ
ape-56636	126	21	driving	driving	NOUN
ape-56636	126	22	force	force	NOUN
ape-56636	126	23	for	for	ADP
ape-56636	126	24	local	local	ADJ
ape-56636	126	25	guidance	guidance	NOUN
ape-56636	126	26	funds	fund	NOUN
ape-56636	126	27	,	,	PUNCT
ape-56636	126	28	gradually	gradually	ADV
ape-56636	126	29	forming	form	VERB
ape-56636	126	30	a	a	DET
ape-56636	126	31	benign	benign	ADJ
ape-56636	126	32	structure	structure	NOUN
ape-56636	126	33	where	where	SCONJ
ape-56636	126	34	policy	policy	NOUN
ape-56636	126	35	guidance	guidance	NOUN
ape-56636	126	36	and	and	CCONJ
ape-56636	126	37	market	market	NOUN
ape-56636	126	38	mechanisms	mechanism	NOUN
ape-56636	126	39	work	work	VERB
ape-56636	126	40	in	in	ADP
ape-56636	126	41	tandem	tandem	PROPN
ape-56636	126	42	.	.	PUNCT
ape-56636	127	1	7	7	X
ape-56636	127	2	.	.	X
ape-56636	127	3	conclusion	conclusion	NOUN
ape-56636	127	4	tech	tech	NOUN
ape-56636	127	5	-	-	PUNCT
ape-56636	127	6	finance	finance	NOUN
ape-56636	127	7	is	be	AUX
ape-56636	127	8	an	an	DET
ape-56636	127	9	eternal	eternal	ADJ
ape-56636	127	10	theme	theme	NOUN
ape-56636	127	11	in	in	ADP
ape-56636	127	12	the	the	DET
ape-56636	127	13	financial	financial	ADJ
ape-56636	127	14	sector	sector	NOUN
ape-56636	127	15	.	.	PUNCT
ape-56636	128	1	the	the	DET
ape-56636	128	2	development	development	NOUN
ape-56636	128	3	of	of	ADP
ape-56636	128	4	new	new	ADJ
ape-56636	128	5	quality	quality	NOUN
ape-56636	128	6	productive	productive	ADJ
ape-56636	128	7	forces	force	NOUN
ape-56636	128	8	requires	require	VERB
ape-56636	128	9	continuous	continuous	ADJ
ape-56636	128	10	transformation	transformation	NOUN
ape-56636	128	11	of	of	ADP
ape-56636	128	12	the	the	DET
ape-56636	128	13	financial	financial	ADJ
ape-56636	128	14	system	system	NOUN
ape-56636	128	15	.	.	PUNCT
ape-56636	129	1	tech	tech	NOUN
ape-56636	129	2	-	-	PUNCT
ape-56636	129	3	finance	finance	NOUN
ape-56636	129	4	is	be	AUX
ape-56636	129	5	not	not	PART
ape-56636	129	6	merely	merely	ADV
ape-56636	129	7	a	a	DET
ape-56636	129	8	financial	financial	ADJ
ape-56636	129	9	issue	issue	NOUN
ape-56636	129	10	but	but	CCONJ
ape-56636	129	11	a	a	DET
ape-56636	129	12	transformation	transformation	NOUN
ape-56636	129	13	of	of	ADP
ape-56636	129	14	the	the	DET
ape-56636	129	15	entire	entire	ADJ
ape-56636	129	16	societal	societal	ADJ
ape-56636	129	17	resource	resource	NOUN
ape-56636	129	18	allocation	allocation	NOUN
ape-56636	129	19	mechanism	mechanism	NOUN
ape-56636	129	20	,	,	PUNCT
ape-56636	129	21	involving	involve	VERB
ape-56636	129	22	institutional	institutional	ADJ
ape-56636	129	23	improvements	improvement	NOUN
ape-56636	129	24	and	and	CCONJ
ape-56636	129	25	cultural	cultural	ADJ
ape-56636	129	26	construction	construction	NOUN
ape-56636	129	27	across	across	ADP
ape-56636	129	28	multiple	multiple	ADJ
ape-56636	129	29	dimensions	dimension	NOUN
ape-56636	129	30	,	,	PUNCT
ape-56636	129	31	including	include	VERB
ape-56636	129	32	laws	law	NOUN
ape-56636	129	33	and	and	CCONJ
ape-56636	129	34	regulations	regulation	NOUN
ape-56636	129	35	,	,	PUNCT
ape-56636	129	36	fiscal	fiscal	ADJ
ape-56636	129	37	and	and	CCONJ
ape-56636	129	38	tax	tax	NOUN
ape-56636	129	39	policies	policy	NOUN
ape-56636	129	40	,	,	PUNCT
ape-56636	129	41	monetary	monetary	ADJ
ape-56636	129	42	policies	policy	NOUN
ape-56636	129	43	,	,	PUNCT
ape-56636	129	44	organizational	organizational	ADJ
ape-56636	129	45	structures	structure	NOUN
ape-56636	129	46	,	,	PUNCT
ape-56636	129	47	education	education	NOUN
ape-56636	129	48	systems	system	NOUN
ape-56636	129	49	,	,	PUNCT
ape-56636	129	50	and	and	CCONJ
ape-56636	129	51	the	the	DET
ape-56636	129	52	application	application	NOUN
ape-56636	129	53	of	of	ADP
ape-56636	129	54	digital	digital	ADJ
ape-56636	129	55	technologies	technology	NOUN
ape-56636	129	56	.	.	PUNCT
ape-56636	130	1	references	reference	NOUN
ape-56636	130	2	bell	bell	PROPN
ape-56636	130	3	,	,	PUNCT
ape-56636	130	4	c.	c.	PROPN
ape-56636	130	5	,	,	PUNCT
ape-56636	130	6	&	&	CCONJ
ape-56636	130	7	rousseau	rousseau	PROPN
ape-56636	130	8	,	,	PUNCT
ape-56636	130	9	p.	p.	PROPN
ape-56636	130	10	l.	l.	PROPN
ape-56636	130	11	(	(	PUNCT
ape-56636	130	12	2001	2001	NUM
ape-56636	130	13	)	)	PUNCT
ape-56636	130	14	.	.	PUNCT
ape-56636	131	1	post	post	ADJ
ape-56636	131	2	-	-	ADJ
ape-56636	131	3	independence	independence	ADJ
ape-56636	131	4	india	india	PROPN
ape-56636	131	5	:	:	PUNCT
ape-56636	131	6	a	a	DET
ape-56636	131	7	case	case	NOUN
ape-56636	131	8	of	of	ADP
ape-56636	131	9	finance	finance	NOUN
ape-56636	131	10	-	-	PUNCT
ape-56636	131	11	led	lead	VERB
ape-56636	131	12	industrialization	industrialization	NOUN
ape-56636	131	13	?	?	PUNCT
ape-56636	132	1	journal	journal	NOUN
ape-56636	132	2	of	of	ADP
ape-56636	132	3	development	development	NOUN
ape-56636	132	4	economics	economic	NOUN
ape-56636	132	5	,	,	PUNCT
ape-56636	132	6	65(1	65(1	NOUN
ape-56636	132	7	)	)	PUNCT
ape-56636	132	8	,	,	PUNCT
ape-56636	132	9	153	153	NUM
ape-56636	132	10	-	-	SYM
ape-56636	132	11	175	175	NUM
ape-56636	132	12	.	.	PUNCT
ape-56636	133	1	hicks	hicks	PROPN
ape-56636	133	2	,	,	PUNCT
ape-56636	133	3	j.	j.	PROPN
ape-56636	133	4	r.	r.	PROPN
ape-56636	133	5	(	(	PUNCT
ape-56636	133	6	1987	1987	NUM
ape-56636	133	7	)	)	PUNCT
ape-56636	133	8	.	.	PUNCT
ape-56636	134	1	a	a	DET
ape-56636	134	2	theory	theory	NOUN
ape-56636	134	3	of	of	ADP
ape-56636	134	4	economic	economic	ADJ
ape-56636	134	5	history	history	NOUN
ape-56636	134	6	(	(	PUNCT
ape-56636	134	7	li	li	PROPN
ape-56636	134	8	,	,	PUNCT
ape-56636	134	9	y.	y.	PROPN
ape-56636	134	10	p.	p.	PROPN
ape-56636	134	11	,	,	PUNCT
ape-56636	134	12	trans	trans	PROPN
ape-56636	134	13	.	.	PROPN
ape-56636	134	14	,	,	PUNCT
ape-56636	134	15	pp	pp	PROPN
ape-56636	134	16	.	.	PUNCT
ape-56636	135	1	128	128	NUM
ape-56636	135	2	-	-	SYM
ape-56636	135	3	144	144	NUM
ape-56636	135	4	)	)	PUNCT
ape-56636	135	5	.	.	PUNCT
ape-56636	136	1	beijing	beijing	PROPN
ape-56636	136	2	:	:	PUNCT
ape-56636	137	1	the	the	DET
ape-56636	137	2	commercial	commercial	ADJ
ape-56636	137	3	press	press	NOUN
ape-56636	137	4	(	(	PUNCT
ape-56636	137	5	original	original	ADJ
ape-56636	137	6	work	work	NOUN
ape-56636	137	7	published	publish	VERB
ape-56636	137	8	1969	1969	NUM
ape-56636	137	9	)	)	PUNCT
ape-56636	137	10	.	.	PUNCT
ape-56636	138	1	pérez	pérez	NOUN
ape-56636	138	2	,	,	PUNCT
ape-56636	138	3	c.	c.	NOUN
ape-56636	138	4	(	(	PUNCT
ape-56636	138	5	2007	2007	NUM
ape-56636	138	6	)	)	PUNCT
ape-56636	138	7	.	.	PUNCT
ape-56636	139	1	technological	technological	ADJ
ape-56636	139	2	revolutions	revolution	NOUN
ape-56636	139	3	and	and	CCONJ
ape-56636	139	4	financial	financial	ADJ
ape-56636	139	5	capital	capital	NOUN
ape-56636	139	6	:	:	PUNCT
ape-56636	139	7	the	the	DET
ape-56636	139	8	dynamics	dynamic	NOUN
ape-56636	139	9	of	of	ADP
ape-56636	139	10	bubbles	bubble	NOUN
ape-56636	139	11	and	and	CCONJ
ape-56636	139	12	golden	golden	ADJ
ape-56636	139	13	ages	age	NOUN
ape-56636	139	14	(	(	PUNCT
ape-56636	139	15	tian	tian	PROPN
ape-56636	139	16	,	,	PUNCT
ape-56636	139	17	f.	f.	PROPN
ape-56636	139	18	m.	m.	PROPN
ape-56636	139	19	,	,	PUNCT
ape-56636	139	20	hu	hu	PROPN
ape-56636	139	21	,	,	PUNCT
ape-56636	139	22	y.	y.	PROPN
ape-56636	139	23	q.	q.	PROPN
ape-56636	139	24	,	,	PUNCT
ape-56636	139	25	liu	liu	PROPN
ape-56636	139	26	,	,	PUNCT
ape-56636	139	27	r.	r.	PROPN
ape-56636	139	28	,	,	PUNCT
ape-56636	139	29	et	et	PROPN
ape-56636	139	30	al	al	PROPN
ape-56636	139	31	.	.	PROPN
ape-56636	139	32	,	,	PUNCT
ape-56636	139	33	trans	trans	PROPN
ape-56636	139	34	.	.	PROPN
ape-56636	139	35	,	,	PUNCT
ape-56636	139	36	pp	pp	PROPN
ape-56636	139	37	.	.	PUNCT
ape-56636	140	1	38	38	NUM
ape-56636	140	2	-	-	SYM
ape-56636	140	3	40	40	NUM
ape-56636	140	4	)	)	PUNCT
ape-56636	140	5	.	.	PUNCT
ape-56636	141	1	beijing	beijing	PROPN
ape-56636	141	2	:	:	PUNCT
ape-56636	142	1	china	china	PROPN
ape-56636	142	2	renmin	renmin	PROPN
ape-56636	142	3	university	university	PROPN
ape-56636	142	4	press	press	NOUN
ape-56636	142	5	.	.	PUNCT
ape-56636	143	1	(	(	PUNCT
ape-56636	143	2	original	original	ADJ
ape-56636	143	3	work	work	NOUN
ape-56636	143	4	published	publish	VERB
ape-56636	143	5	2002	2002	NUM
ape-56636	143	6	)	)	PUNCT
ape-56636	143	7	schumpeter	schumpeter	NOUN
ape-56636	143	8	,	,	PUNCT
ape-56636	143	9	j.	j.	PROPN
ape-56636	143	10	a.	a.	PROPN
ape-56636	143	11	(	(	PUNCT
ape-56636	143	12	2019	2019	NUM
ape-56636	143	13	)	)	PUNCT
ape-56636	143	14	.	.	PUNCT
ape-56636	144	1	the	the	DET
ape-56636	144	2	theory	theory	NOUN
ape-56636	144	3	of	of	ADP
ape-56636	144	4	economic	economic	ADJ
ape-56636	144	5	development	development	NOUN
ape-56636	144	6	(	(	PUNCT
ape-56636	144	7	original	original	ADJ
ape-56636	144	8	work	work	NOUN
ape-56636	144	9	published	publish	VERB
ape-56636	144	10	1911	1911	NUM
ape-56636	144	11	,	,	PUNCT
ape-56636	144	12	p.	p.	NOUN
ape-56636	144	13	252	252	NUM
ape-56636	144	14	)	)	PUNCT
ape-56636	144	15	.	.	PUNCT
ape-56636	145	1	beijing	beijing	PROPN
ape-56636	145	2	:	:	PUNCT
ape-56636	146	1	china	china	PROPN
ape-56636	146	2	renmin	renmin	PROPN
ape-56636	146	3	university	university	PROPN
ape-56636	146	4	press	press	NOUN
ape-56636	146	5	.	.	PUNCT
ape-56636	147	1	xi	xi	PROPN
ape-56636	147	2	,	,	PUNCT
ape-56636	147	3	j.	j.	PROPN
ape-56636	147	4	p.	p.	PROPN
ape-56636	147	5	(	(	PUNCT
ape-56636	147	6	2024	2024	NUM
ape-56636	147	7	)	)	PUNCT
ape-56636	147	8	.	.	PUNCT
ape-56636	148	1	developing	develop	VERB
ape-56636	148	2	new	new	ADJ
ape-56636	148	3	-	-	PUNCT
ape-56636	148	4	quality	quality	NOUN
ape-56636	148	5	productive	productive	ADJ
ape-56636	148	6	forces	force	NOUN
ape-56636	148	7	is	be	AUX
ape-56636	148	8	an	an	DET
ape-56636	148	9	inherent	inherent	ADJ
ape-56636	148	10	requirement	requirement	NOUN
ape-56636	148	11	and	and	CCONJ
ape-56636	148	12	key	key	ADJ
ape-56636	148	13	focus	focus	NOUN
ape-56636	148	14	for	for	ADP
ape-56636	148	15	promoting	promote	VERB
ape-56636	148	16	high	high	ADJ
ape-56636	148	17	-	-	PUNCT
ape-56636	148	18	quality	quality	NOUN
ape-56636	148	19	development	development	NOUN
ape-56636	148	20	.	.	PUNCT
ape-56636	149	1	ningxia	ningxia	PROPN
ape-56636	149	2	journal	journal	PROPN
ape-56636	149	3	of	of	ADP
ape-56636	149	4	agriculture	agriculture	NOUN
ape-56636	149	5	and	and	CCONJ
ape-56636	149	6	forestry	forestry	NOUN
ape-56636	149	7	science	science	NOUN
ape-56636	149	8	and	and	CCONJ
ape-56636	149	9	technology	technology	NOUN
ape-56636	149	10	,	,	PUNCT
ape-56636	149	11	65(11	65(11	NUM
ape-56636	149	12	)	)	PUNCT
ape-56636	149	13	,	,	PUNCT
ape-56636	149	14	1	1	NUM
ape-56636	149	15	-	-	SYM
ape-56636	149	16	2	2	NUM
ape-56636	149	17	.	.	PUNCT
ape-56636	149	18	yan	yan	PROPN
ape-56636	149	19	,	,	PUNCT
ape-56636	149	20	s.	s.	PROPN
ape-56636	149	21	p.	p.	PROPN
ape-56636	149	22	(	(	PUNCT
ape-56636	149	23	2011	2011	NUM
ape-56636	149	24	)	)	PUNCT
ape-56636	149	25	.	.	PUNCT
ape-56636	150	1	national	national	ADJ
ape-56636	150	2	twelfth	twelfth	ADJ
ape-56636	150	3	five	five	NUM
ape-56636	150	4	-	-	PUNCT
ape-56636	150	5	year	year	NOUN
ape-56636	150	6	plan	plan	NOUN
ape-56636	150	7	for	for	ADP
ape-56636	150	8	science	science	NOUN
ape-56636	150	9	and	and	CCONJ
ape-56636	150	10	technology	technology	NOUN
ape-56636	150	11	development	development	NOUN
ape-56636	150	12	(	(	PUNCT
ape-56636	150	13	excerpts	excerpt	NOUN
ape-56636	150	14	)	)	PUNCT
ape-56636	150	15	.	.	PUNCT
ape-56636	151	1	hebei	hebei	PROPN
ape-56636	151	2	chemical	chemical	PROPN
ape-56636	151	3	industry	industry	NOUN
ape-56636	151	4	,	,	PUNCT
ape-56636	151	5	34(10	34(10	NUM
ape-56636	151	6	)	)	PUNCT
ape-56636	151	7	,	,	PUNCT
ape-56636	151	8	1	1	NUM
ape-56636	151	9	-	-	SYM
ape-56636	151	10	4	4	NUM
ape-56636	151	11	.	.	PUNCT
ape-56636	152	1	zeng	zeng	PROPN
ape-56636	152	2	,	,	PUNCT
ape-56636	152	3	x.	x.	PROPN
ape-56636	152	4	w.	w.	PROPN
ape-56636	152	5	(	(	PUNCT
ape-56636	152	6	2024	2024	NUM
ape-56636	152	7	)	)	PUNCT
ape-56636	152	8	.	.	PUNCT
ape-56636	153	1	path	path	NOUN
ape-56636	153	2	selection	selection	NOUN
ape-56636	153	3	and	and	CCONJ
ape-56636	153	4	key	key	ADJ
ape-56636	153	5	directions	direction	NOUN
ape-56636	153	6	for	for	ADP
ape-56636	153	7	the	the	DET
ape-56636	153	8	high	high	ADJ
ape-56636	153	9	-	-	PUNCT
ape-56636	153	10	quality	quality	NOUN
ape-56636	153	11	development	development	NOUN
ape-56636	153	12	of	of	ADP
ape-56636	153	13	sci	sci	PROPN
ape-56636	153	14	-	-	PUNCT
ape-56636	153	15	tech	tech	NOUN
ape-56636	153	16	finance	finance	NOUN
ape-56636	153	17	.	.	PUNCT
ape-56636	154	1	journal	journal	PROPN
ape-56636	154	2	of	of	ADP
ape-56636	154	3	hebei	hebei	PROPN
ape-56636	154	4	university	university	PROPN
ape-56636	154	5	of	of	ADP
ape-56636	154	6	economics	economic	NOUN
ape-56636	154	7	and	and	CCONJ
ape-56636	154	8	business	business	NOUN
ape-56636	154	9	,	,	PUNCT
ape-56636	154	10	45(2	45(2	NOUN
ape-56636	154	11	)	)	PUNCT
ape-56636	154	12	,	,	PUNCT
ape-56636	154	13	90	90	NUM
ape-56636	154	14	-	-	SYM
ape-56636	154	15	97	97	NUM
ape-56636	154	16	.	.	PUNCT
ape-56636	155	1	zeng	zeng	PROPN
ape-56636	155	2	,	,	PUNCT
ape-56636	155	3	z.	z.	PROPN
ape-56636	155	4	(	(	PUNCT
ape-56636	155	5	2024	2024	NUM
ape-56636	155	6	)	)	PUNCT
ape-56636	155	7	.	.	PUNCT
ape-56636	156	1	several	several	ADJ
ape-56636	156	2	theoretical	theoretical	ADJ
ape-56636	156	3	issues	issue	NOUN
ape-56636	156	4	to	to	PART
ape-56636	156	5	be	be	AUX
ape-56636	156	6	emphasized	emphasize	VERB
ape-56636	156	7	in	in	ADP
ape-56636	156	8	developing	develop	VERB
ape-56636	156	9	new	new	ADJ
ape-56636	156	10	-	-	PUNCT
ape-56636	156	11	quality	quality	NOUN
ape-56636	156	12	productive	productive	ADJ
ape-56636	156	13	forces	force	NOUN
ape-56636	156	14	.	.	PUNCT
ape-56636	157	1	new	new	ADJ
ape-56636	157	2	urbanization	urbanization	NOUN
ape-56636	157	3	,	,	PUNCT
ape-56636	157	4	(	(	PUNCT
ape-56636	157	5	5	5	NUM
ape-56636	157	6	)	)	PUNCT
ape-56636	157	7	,	,	PUNCT
ape-56636	157	8	11	11	NUM
ape-56636	157	9	.	.	NOUN
ape-56636	157	10	1	1	NUM
ape-56636	157	11	.	.	X
ape-56636	157	12	introduction	introduction	NOUN
ape-56636	157	13	4.1	4.1	NUM
ape-56636	157	14	structural	structural	ADJ
ape-56636	157	15	characteristics	characteristic	NOUN
ape-56636	157	16	of	of	ADP
ape-56636	157	17	china	china	PROPN
ape-56636	157	18	’s	’s	PART
ape-56636	157	19	financia	financia	PROPN
ape-56636	157	20	4.2	4.2	NUM
ape-56636	157	21	structural	structural	ADJ
ape-56636	157	22	limitations	limitation	NOUN
ape-56636	157	23	in	in	ADP
ape-56636	157	24	supporting	support	VERB
ape-56636	157	25	technolog	technolog	NOUN
ape-56636	157	26	5	5	NUM
ape-56636	157	27	.	.	PUNCT
ape-56636	157	28	basic	basic	ADJ
ape-56636	157	29	principles	principle	NOUN
ape-56636	157	30	of	of	ADP
ape-56636	157	31	designing	design	VERB
ape-56636	157	32	tech	tech	NOUN
ape-56636	157	33	-	-	PUNCT
ape-56636	157	34	finance	finance	NOUN
ape-56636	157	35	poli	poli	NOUN
ape-56636	157	36	5.1	5.1	NUM
ape-56636	157	37	basic	basic	ADJ
ape-56636	157	38	principles	principle	NOUN
ape-56636	157	39	of	of	ADP
ape-56636	157	40	policy	policy	NOUN
ape-56636	157	41	design	design	NOUN
ape-56636	157	42	5.2	5.2	NUM
ape-56636	157	43	urgent	urgent	ADJ
ape-56636	157	44	issues	issue	NOUN
ape-56636	157	45	in	in	ADP
ape-56636	157	46	current	current	ADJ
ape-56636	157	47	tech	tech	NOUN
ape-56636	157	48	-	-	PUNCT
ape-56636	157	49	finance	finance	NOUN
ape-56636	157	50	policies	policy	NOUN
ape-56636	157	51	6.policy	6.policy	NUM
ape-56636	157	52	recommendations	recommendation	NOUN
ape-56636	157	53	for	for	ADP
ape-56636	157	54	improving	improve	VERB
ape-56636	157	55	china	china	PROPN
ape-56636	157	56	’s	’s	PART
ape-56636	157	57	tech	tech	NOUN
ape-56636	157	58	6.1	6.1	NUM
ape-56636	157	59	unblocking	unblock	VERB
ape-56636	157	60	the	the	DET
ape-56636	157	61	circulation	circulation	NOUN
ape-56636	157	62	between	between	ADP
ape-56636	157	63	technology	technology	NOUN
ape-56636	157	64	6.2	6.2	NUM
ape-56636	157	65	enriching	enrich	VERB
ape-56636	157	66	the	the	DET
ape-56636	157	67	tech	tech	NOUN
ape-56636	157	68	-	-	PUNCT
ape-56636	157	69	finance	finance	NOUN
ape-56636	157	70	supply	supply	NOUN
ape-56636	157	71	ecosystem	ecosystem	NOUN
ape-56636	157	72	6.3	6.3	NUM
ape-56636	157	73	strengthening	strengthen	VERB
ape-56636	157	74	the	the	DET
ape-56636	157	75	tech	tech	NOUN
ape-56636	157	76	-	-	PUNCT
ape-56636	157	77	finance	finance	NOUN
ape-56636	157	78	support	support	NOUN
ape-56636	157	79	institu	institu	NOUN
ape-56636	157	80	references	reference	NOUN