Bank Of Shanghai(SH:601229) Jin Rong Shi Bao·2025-07-02 01:43Core Viewpoint - Shanghai is undertaking the historical mission of building an international technology innovation center, with the People's Bank of China (PBOC) Shanghai Headquarters leading various initiatives to enhance technology finance and support innovation-driven enterprises [1][2][3][4][5] Group 1: Policy Initiatives - The PBOC Shanghai Headquarters has issued the "Shanghai Technology Finance Service Capability Improvement Special Action Plan" to establish a comprehensive system for technology finance [1] - A notification was released to address financing bottlenecks for technology-oriented private enterprises, proposing targeted measures [1] - Collaborative efforts have led to the issuance of guidelines to enhance the quality and efficiency of intellectual property finance in Shanghai [1] Group 2: Financial Products and Support - The introduction of "Hu Ke Special Loan" and "Hu Ke Special Discount" aims to provide precise support for small and private technology enterprises, with a total issuance of 332.56 billion yuan for loans and 664.55 billion yuan for discounts by April 2025 [2] - A dedicated financial product called "Specialized and Innovative Loan" was established to provide low-cost funding for specialized and innovative small and medium-sized enterprises [3] - The PBOC Shanghai Headquarters has facilitated the issuance of the first batch of technology innovation bonds, involving multiple financial institutions and technology companies [3] Group 3: Loan and Financing Innovations - The implementation of a pilot program for technology enterprise merger loans has been initiated, with loans covering up to 80% of the transaction value [4] - A new financing model called "Forward Win-Win" has been explored, allowing technology startups to pay lower initial interest rates, with higher rates triggered upon meeting growth conditions [4] - The expansion of cross-border financial services through free trade accounts has resulted in a 23.6% year-on-year increase in cross-border RMB settlements for technology enterprises [5]