金融服务科技创新如何更“解渴”

Core Viewpoint - The recent joint release of the "Policies and Measures to Accelerate the Construction of a Technology Finance System to Support High-Level Technological Self-Reliance" by seven departments, including the Ministry of Science and Technology and the People's Bank of China, aims to address the financing needs in key areas of technological innovation by introducing 15 financial measures to provide comprehensive financial services throughout the lifecycle and value chain of technology innovation [1][2]. Group 1 - High-tech sectors are becoming the main battleground for international competition, necessitating financial support for key technologies, emerging industries, and the upgrading of traditional industries [1]. - By the end of 2024, the balance of medium- and long-term loans in the manufacturing sector is expected to grow by 11.9% year-on-year, significantly higher than the growth rate of other loans; loans to specialized and innovative enterprises are projected to increase by 13%, with the loan acquisition rate for technology-based SMEs nearing 50% [1]. - Despite these advancements, many technology enterprises still face financing challenges, and financial institutions report difficulties, indicating that the technology finance system needs to address persistent pain points [1]. Group 2 - The "Policies and Measures" emphasize the need for practical and effective actions, including leveraging structural monetary policy tools like technology innovation and technological transformation relending, which was established by the People's Bank of China in 2024 [2]. - As of November 15 of the previous year, financial institutions had signed loan contracts worth nearly 400 billion yuan with 1,737 enterprises and projects using this new tool; the People's Bank of China has decided to increase the relending quota by 300 billion yuan, bringing the total to 800 billion yuan [2]. - There is a focus on enhancing mechanism innovation to help financial institutions better understand the patent value, innovation capability, and growth potential of technology enterprises, aiming to break down information barriers and strengthen inter-departmental collaboration and data sharing [2].