news flash·2025-04-30 03:42Core Insights - The People's Bank of China Shanghai Headquarters, in collaboration with the Shanghai United Front Work Department and the Shanghai Federation of Industry and Commerce, held a financing event aimed at supporting the high-quality development of the private economy in 2025 [1] Group 1: Investment Agreements - Five equity investment institutions, including the Shanghai Science and Technology Innovation Fund, signed investment intention agreements with five technology-oriented private enterprises, with a total investment amount of 330 million yuan [1] - The invested companies are classified as gazelle or unicorn enterprises, possessing qualifications such as specialized, sophisticated, and innovative enterprises or high-tech enterprises [1] Group 2: Financial Support - Five financial institutions, including the Industrial and Commercial Bank of China, received support from the People's Bank of China for technology innovation and technical transformation re-loans, signing agreements with five private enterprises for a total credit amount of 2.88 billion yuan [1] - Five financial institutions, including Agricultural Bank of China, received support for stock repurchase and increase re-loans, signing agreements with five private enterprises for a total credit amount of 860 million yuan [1] Group 3: Policy Impact - The event emphasized the role of low-cost funds from the central bank in supporting enterprises' financing needs for large-scale equipment updates and market value management [1]