Core Viewpoint - The joint release of policies by multiple government bodies aims to accelerate the development of a technology finance system to support high-level technological self-reliance and innovation in China. Group 1: Venture Capital Support - Establishment of a "National Venture Capital Guidance Fund" to promote the growth of technology-based enterprises and strategic emerging industries, facilitating the transformation of major technological achievements into productive forces [1] - Expansion of the pilot scope for Financial Asset Investment Companies (AIC) to 18 provincial cities, supporting insurance funds in equity investments [1] - Optimization of the evaluation mechanism for state-owned venture capital, encouraging long-term and patient capital from state-owned enterprises [1] Group 2: Private Equity and Fund Distribution - Implementation of a pilot program for the physical distribution of stocks from private equity funds, allowing non-trading transfers of listed company stocks to investors [2] - Encouragement of the development of secondary market funds for private equity [2] Group 3: Monetary Credit Support - Optimization of structural monetary policy tools to support technological innovation, including expanding the scale of re-loans and encouraging financial institutions to support major technological tasks and SMEs [3] - Encouragement for commercial banks to establish specialized technology finance institutions and to conduct pilot projects for technology enterprise acquisition loans [3] Group 4: Capital Market Support - Improvement of the counter-cyclical adjustment mechanism for new stock issuance to support technology-based enterprises in listing and financing [4] - Establishment of a "Technology Board" in the bond market to include quality enterprises' innovation bonds as benchmark trading products [4] Group 5: Technology Insurance Support - Development of high-quality technology insurance policies, exploring joint insurance models for key areas [5] - Encouragement for insurance funds to participate in major national technological tasks [5] Group 6: Fiscal Policy Support - Innovation in fiscal technology investment methods, utilizing existing policies such as loan interest subsidies and risk compensation [6] - Implementation of special guarantee plans for technological innovation and tax policies related to angel and venture capital investments [6] Group 7: Central-Local Coordination - Nationwide promotion of an "Innovation Points System" to link with re-loans and special guarantee plans for technological innovation [7] Group 8: Regional Focus - Emphasis on supporting international technology innovation centers in Beijing, Shanghai, the Guangdong-Hong Kong-Macao Greater Bay Area, and other key regions [8] - Implementation of comprehensive pilot programs for intellectual property finance in major cities [8] Group 9: Open Innovation Ecosystem - Support for foreign investment in domestic technology enterprises, enhancing the convenience of foreign equity and venture investments [9] - Establishment of a coordinated mechanism for technology finance by multiple regulatory bodies [9]
利好政策来了!七部门刚刚联合发布
Jin Rong Shi Bao·2025-05-14 11:41