金融支持新型工业化“路线图”发布 七部门：坚持分类施策、有扶有控 防止“内卷式”竞争

Core Viewpoint - The People's Bank of China and six other departments issued guidelines to enhance financial support for new industrialization, aiming for a mature financial system by 2027 that effectively supports the high-end, intelligent, and green development of the manufacturing sector [1][2]. Group 1: Financial Support Structure - The guidelines focus on optimizing the funding supply structure, providing loans, bonds, and equity financing to meet the effective credit demand of manufacturing enterprises by 2027 [2]. - The guidelines emphasize the use of structural monetary policy tools to encourage banks to provide medium- and long-term financing for key manufacturing sectors such as integrated circuits and advanced materials [2][3]. - The guidelines propose to implement re-loan and interest subsidy policies for technological innovation and transformation, utilizing various monetary policy tools to support key areas of new industrialization and small and medium-sized enterprises [2]. Group 2: Direct Financing and Technology Support - The guidelines establish a "green channel" for technology companies to access financing through public offerings, mergers, and bond issuance [3]. - There is a focus on attracting long-term capital and developing patient capital, encouraging financial institutions to collaborate with technology intermediaries to create diverse financing service models [3]. Group 3: Credit Policy Optimization - The guidelines propose a differentiated credit policy under the principle of "support with control," enhancing financial services for traditional manufacturing sectors transitioning to high-end, intelligent, and green development [4]. - Financial institutions are encouraged to provide financing services based on "data credit" and "physical credit" for small and medium-sized enterprises along the industrial chain [4]. Group 4: Mechanisms for Financial Services - The guidelines call for establishing a one-on-one mentoring mechanism for major industrial financing projects to address issues like incomplete documentation and information asymmetry [6][7]. - A collaborative approach among departments is emphasized, with a focus on risk prevention and the establishment of a joint risk assessment and early warning mechanism to avoid "involution" competition [7].