专精特新第一城，为什么是深圳

Core Viewpoint - Shenzhen has emerged as a vibrant hub for technological innovation, supported by a comprehensive financial service system that covers the entire lifecycle of enterprises, enhancing their growth and development [1][2][13]. Financial Support System - Shenzhen's financial support for technology enterprises includes innovative products like "Tengfei Loan," "Technology Startup Pass," and "Cross-Border Loan," which cater to the financing needs from the seed stage to growth [5][8][10]. - As of October 2025, the balance of technology loans in Shenzhen has exceeded 2.2 trillion yuan, with the issuance of technology innovation bonds ranking among the top in the country [2][13]. Innovative Financial Products - "Tengfei Loan" incorporates future revenue sharing into credit relationships, allowing banks to provide longer-term loans to high-growth tech companies without diluting their equity [5][6]. - "Technology Startup Pass" utilizes data from social security, tax, and intellectual property to identify potential tech enterprises, enabling banks to lend earlier and in smaller amounts [6][7]. - "Cross-Border Loan" facilitates rapid financing for growing enterprises lacking collateral by leveraging a collaborative model among local credit platforms, government financing institutions, and banks [8][10]. Ecosystem Optimization - Shenzhen is building a collaborative "technology-industry-finance" ecosystem, enhancing the "stock-loan-bond-insurance-exchange" linkage to support tech innovation [10][12]. - The "Kowloon Technology Innovation Cooperation Zone" promotes cross-border collaboration and has attracted over 200 high-end research projects and 1.5 million researchers [11][12]. - The "Thousand Billion Financing Plan" in Nanshan District aims to alleviate financing difficulties for tech enterprises by establishing a multi-tiered risk-sharing mechanism [11][12]. Conclusion - The combination of innovative financial products and a supportive ecosystem positions Shenzhen as a leader in nurturing specialized and innovative enterprises, with a financial service system that acts as a "co-builder" and "companion" throughout the innovation process [13].