BANK OF CHINA(601988) 每日经济新闻·2025-04-03 10:49Core Viewpoint - The core viewpoint is that technology finance will become a core business for Chinese banking, but it will not encompass all banking operations [1][2]. Group 1: Transformation in Banking - Traditional credit models are becoming less effective in the face of technology finance, which emphasizes potential growth, industry outlook, and technological advancement over past performance [2]. - The banking industry is undergoing a series of transformations across various dimensions, including organizational structure, risk control mechanisms, performance evaluation, and due diligence [2]. - The exploration of technology finance may ultimately reshape the entire credit management model in the banking sector, positioning banks as the largest funding source for technology enterprises [2]. Group 2: Credit Management Changes - The credit management model for technology finance will shift from focusing on past performance and collateral to evaluating future growth prospects, business models, technology pathways, customer needs, and market competitiveness [2][3]. - Different financial services will maintain distinct credit processes, and the technology finance credit management model will not replace other business credit management models [2]. Group 3: Funding Channels for Technology Enterprises - Banks provide funding support to technology enterprises through three main channels: 1. Debt instruments, focusing on loans and bond investments while ensuring risk control and protecting depositors' interests [3]. 2. Equity instruments, where large commercial banks utilize investment subsidiaries to offer integrated services, including direct equity investments [3]. 3. Strengthening ecological cooperation in technology finance, where banks collaborate with venture capital and industry funds to indirectly support financing for technology enterprises [3].