央行：加强科技创新领域银行信贷服务能力建设，增强资本市场支持力度

Core Viewpoint - The Vice Governor of the People's Bank of China emphasizes the importance of a virtuous cycle among finance, technology, and industry to promote economic and financial transformation and upgrading [1] Group 1: Financial Support for Technological Innovation - Financial support for technology innovation faces challenges due to the varying life cycles, risk characteristics, and financing needs of technology enterprises [1] - Technology enterprises often experience unstable cash flows, high risks and uncertainties, and low financial transparency, affecting their access to credit and bond financing [1] - There is a lack of long-term, patient, and strategic capital for equity financing in technology enterprises [1] Group 2: Recommendations for Improvement - Strengthening the credit service capabilities of banks is essential, with a focus on directing more credit resources to technology-oriented SMEs to promote rapid growth in technology loans [1] - Optimizing policies for re-loans for technological innovation and equipment updates, with a signed loan amount of 16,705 billion yuan and a disbursed amount of 5,701 billion yuan as of the end of April [1] - Establishing a "Technology Board" in the bond market to support the issuance of technology innovation bonds by financial institutions, technology enterprises, and equity investment institutions [1] Group 3: Enhancing Capital Market Support - Optimizing institutional arrangements for listing, mergers and acquisitions, and equity incentives based on the characteristics of technological innovation [2] - Promoting the role of regional equity markets and innovating technology insurance products and services [2] - Strengthening collaborative efforts to improve the technology financial ecosystem, including establishing a coordinated mechanism among relevant departments to enhance financing efficiency in the technology sector [2]