金融监管总局：构建“345”科技金融服务体系 推进科技创新和产业创新深度融合

Core Viewpoint - The Financial Regulatory Administration is building a technology finance system that aligns with technological innovation, summarized as the "345" technology finance service system, aimed at facilitating the flow of financial resources into technological innovation at lower costs and faster speeds [1][2]. Group 1: Policy and Product Supply System - The "3" in the "345" system refers to the policy system, product supply system, and professional organization system. The product supply system includes targeted services such as "loan + external direct investment," intellectual property pledge financing, and patent insurance tailored for technology enterprises [1]. - As of the end of Q1, the loan balance for high-tech enterprises in the banking sector reached 17.7 trillion yuan, reflecting a year-on-year growth of 20%, significantly outpacing the average growth rate of all loans [1]. Group 2: Pilot Projects - The "4" represents four pilot projects designed to provide technology enterprises with more long-term and patient capital support. The first pilot is the equity investment pilot for financial asset investment companies, which has expanded from Shanghai to 18 cities and provinces, with signed intention amounts exceeding 380 billion yuan [2]. - The second pilot involves the long-term investment reform of insurance funds, with a total of 2.22 billion yuan allocated across three batches [2]. - The third pilot allows banks in 18 cities to extend the term of merger loans from 7 years to 10 years and increase the loan-to-merger fund ratio from 60% to 80%, with all pilot banks fully operational [2]. - The fourth pilot focuses on the comprehensive trial of intellectual property finance, addressing challenges in registration, evaluation, and disposal of intellectual property [2]. Group 3: Financial Institutions Collaboration - The "5" signifies the collaboration of five types of financial institutions to leverage their respective service advantages. The system promotes a complementary relationship between direct and indirect financing, as well as between policy-based and commercial finance [2]. - Policy banks are enhancing service quality to provide medium to long-term, low-interest financing support for technological innovation, while commercial banks have consistently increased both loan balances and the number of clients in this sector [2]. - Insurance institutions are improving their product systems to cover the entire lifecycle of technology enterprises, while asset management institutions and financial asset investment companies are increasing equity investments, focusing on early, small, long-term, and hard technology investments [2].