Zheng Quan Ri Bao·2025-06-15 14:13Core Viewpoint - The Chinese government is actively promoting a financial system that supports technological innovation, with multiple departments collaborating to enhance financial services for technology-driven enterprises [1][2][7]. Group 1: Policy Initiatives - In March, a joint implementation plan was released by the National Financial Supervision Administration and the Ministry of Science and Technology, outlining 20 measures to enhance the quality of technology finance services [1]. - In May, a policy initiative was launched to provide comprehensive financial services throughout the lifecycle of technological innovation [1]. Group 2: Financial Support and Growth - As of March, loans to technology-oriented small and medium-sized enterprises (SMEs) exceeded 3.3 trillion yuan, marking a 24% year-on-year increase [1]. - Agricultural Bank reported a loan balance of 1.97 trillion yuan for technology enterprises, with an increase of over 250 billion yuan since the beginning of the year [2]. - The Export-Import Bank of China reported a technology loan balance of approximately 1.4 trillion yuan, with over 150 billion yuan disbursed this year [3]. Group 3: Innovative Financing Channels - The Industrial and Commercial Bank of China issued the first batch of technology innovation bonds worth 20 billion yuan, aimed at supporting technology innovation through various financial instruments [4]. - Agricultural Bank also issued 20 billion yuan in technology innovation bonds, with a 3-year term and an interest rate of 1.65% [4]. Group 4: Local Financial Institutions' Initiatives - Rural financial institutions are also actively participating in technology finance, with measures such as establishing dedicated teams and implementing performance assessments for technology loan growth [5][6]. - Various local banks are developing new financial service models to support technology enterprises, including innovative loan structures and priority credit services [6]. Group 5: Future Directions - The National Financial Supervision Administration plans to enhance the product system and service mechanisms for technology finance, increase credit supply, and improve risk management capabilities [7]. - There is a focus on developing technology insurance policies to better support risk management in technology finance [7].