Bank Of Shanghai(SH:601229) Mei Ri Jing Ji Xin Wen·2025-09-12 13:54Core Viewpoint - The forum emphasized the importance of financial empowerment in transforming technological innovations into commercial success, highlighting the need for commercial banks to adapt their risk assessment and financial strategies to better support innovative enterprises [2][3]. Group 1: Risk Assessment and Financial Logic - The core characteristics of technological innovation include high growth potential, long cycles, light asset requirements, and high risks, with a significant challenge known as the "valley of death" where many projects fail during commercialization [3]. - Traditional banks face challenges in evaluating the value of innovative enterprises due to their reliance on historical financial data and collateral, which are not applicable to light-asset, soft-skill-based companies [3]. - A shift in risk assessment logic is necessary, moving from a retrospective view to a forward-looking perspective that evaluates companies based on industry, technology, and future potential [3][4]. Group 2: Financial Strategy Transformation - The financial risk-return balance must evolve from a focus on interest margin coverage to value creation and long-term strategic incubation, encouraging the development of innovative financial products and a portfolio investment mindset [4]. - Collaboration among banks, government, insurance, and investment institutions is essential to create a shared risk and benefit mechanism [4]. Group 3: Systematic Revolution and Ecosystem Building - The process of technological innovation is structured into seven stages, from theoretical development to potential decline, indicating a complex and progressive risk landscape [5]. - Shanghai Bank has actively engaged in the technology finance sector, providing low-interest financing to over 1,500 enterprises, saving them more than 130 million yuan in financing costs [6]. - The bank is transitioning from being merely a provider of funds to becoming an organizer of an ecosystem that connects entrepreneurs, scientists, and financiers [6]. - A comprehensive financial service system for technological innovation should encompass full lifecycle coverage, diverse tools, intelligent risk control, and collaborative ecosystems [6].