Zhong Guo Jin Rong Xin Xi Wang·2025-10-30 11:35Core Insights - The 2025 Financial Street Forum focused on "Financial Empowerment for High-Quality Development of the Technology Service Industry," highlighting the increasing role of finance in enhancing the technology service sector in China [1][2]. Group 1: Industry Development - The technology service industry has seen significant growth, with enterprises achieving an average annual revenue growth of 12.3% from 2019 to 2023 [1]. - The transaction volume of technology contracts exceeded 6.8 trillion in 2024, surpassing the "14th Five-Year Plan" target ahead of schedule [1]. Group 2: Government Initiatives - The Ministry of Industry and Information Technology aims to promote high-quality development in the technology service sector through various measures, including enhancing mechanisms for technology market integration and reforming technology achievement payment systems [2]. - Plans include building a national unified technology trading service platform and fostering a professional team of technology managers to create a conducive environment for industry growth [2]. Group 3: Financial Sector Involvement - The Bank of Communications has surpassed 1.7 trillion in total financing for the technology sector, emphasizing the importance of innovative credit products and data-driven decision-making [3]. - The bank aims to create a comprehensive service matrix that includes equity, debt, leasing, and custodial services to support the technology service industry [3]. Group 4: Collaborative Efforts - Various stakeholders, including government, industry, and academia, discussed the importance of a virtuous cycle between technology, industry, and finance during the forum [4]. - The establishment of the "Technology Achievement Transformation Zone" and the launch of the "Torch Entrepreneurship Incubation Collaborative Network" were key highlights of the event [5]. Group 5: International Perspectives - Experts emphasized the need for long-term capital support for the industrialization of new technologies and the role of international networks in helping domestic companies explore new growth avenues [4][6].