Abstract: Based on the basic theory of enterprise independent innovation and that of local financial input, this paper analyzes the current situation of local financial investment supporting the independent innovation of enterprises in China. It also points out that there are still some problems such as the lack of top-level design, unreasonable investment structure and imperfect growth mechanism. Therefore, this paper suggests strengthening the top-level design, optimizing the structure of local financial science and technology investment, building a stable growth mechanism of local financial scientific and technological investment, and actively introducing performance evaluation mechanism; optimizing the tax preferential system, broadening the policy support for independent innovation of enterprises; further completing the government procurement system and applying it to the technological innovation activities of enterprises in China; building a state-owned capital management budget system, and strengthening the scientific and technological innovation capabilities of local state-owned enterprises, so as to improve the system and mechanism of local financial input to support independent innovation of enterprises in China.

Key words: Independent Innovation of Enterprises, Scientific and Technological Innovation, Innovation Ability, Local Financial Investment, Investment Growth Mechanism, Government Procurement System