关 键 词 ：中国共产党；两个务必；三个务必；历史主动学科分类：马克思主义--马克思主义其他学科
At present, the average profit rate and physical return on investment of China's industrial enterprises have declined, and the financialization level of manufacturing enterprises has increased significantly. At the same time, economic policy uncertainty is prominent, as an important macro environment, economic policy uncertainty will have an impact on the investment and financing environment and corporate risks of enterprises, and then affect the investment and financing decisions of enterprises. The report of the 20th National Congress pointed out that we should insist on the focus of economic development on the real economy, manufacturing is the lifeblood of China's real economic development, is the basis of the entire Chinese economic development, and the financialization of manufacturing enterprises will weaken the R & D and innovation investment of enterprises, which is not conducive to China's manufacturing to high-quality development, so the study of the impact and role of economic policy uncertainty on the financialization of manufacturing enterprises and the channel, to guide the overall economic stability, healthy development, to achieve the goal of high-quality economic development is of great significance. This paper finds that economic policy uncertainty promotes the financialization level of manufacturing enterprises by increasing the risk of term mismatch of manufacturing enterprises.