Core Viewpoint - The article discusses the role of financial systems in empowering technological innovation in China, emphasizing the need for optimized financing structures and new financial models to support the development of new productive forces [1][4]. Group 1: Technological Innovation Landscape - China is experiencing a new wave of technological revolution and industrial transformation, with advancements in artificial intelligence, biotechnology, quantum technology, and commercial aerospace [2]. - The country has transitioned from a "follower" to a "leader" in innovation, with emerging industries like new energy and new materials gaining strength [2]. - The China Export-Import Bank plays a crucial role in supporting the export of key products and facilitating international cooperation in technology and production capacity [3]. Group 2: Financial Support for Innovation - There is a pressing need for financial "incubators" and "accelerators" to support both large tech giants and small innovative firms, as current financial supply faces challenges such as short-term funding and low risk tolerance [4]. - The China Securities Regulatory Commission highlights the necessity for technology companies to receive not only financing but also market resource integration and governance improvements to accelerate the transformation of technological achievements [4]. - Financial institutions need to diversify their products and services to better support the unique needs of technology enterprises, which often involve high uncertainty and require specialized assessments [4][5]. Group 3: Government and Market Collaboration - The development of new productive forces requires significant government involvement, including policy guidance and multi-faceted support mechanisms [7]. - Building a technology finance ecosystem that provides comprehensive financial services is essential for supporting technology companies through various growth stages [7][8]. - The capital market is crucial for enhancing the efficiency of innovation capital formation, offering a full range of services from venture capital to public financing [8].

险企如何支持新质生产力发展？中国人寿给出了最新案例。 6 月 19 日，中国人寿保险（集团）公司党委书记、董事长蔡希良在 2025 陆家嘴论坛上表 示，近两年企业对科技金融综合服务的需求越来越迫切。今年以来，中国人寿已累计为战略 性新兴产业提供风险保障近 40 万亿元，服务国家级专精特新 " 小巨人 " 企业超过 9600 家。 【导读】中国人寿集团董事长蔡希良：创新 S 基金接力投资模式 实现 " 从零到一 "" 从一到 百 " 中国基金报记者 晨曦 同时，蔡希良提到，科技创新早期风险高、不确定性大，保险资金 " 投早、投小 " 存在天然 障碍。为了破解这个难题，中国人寿积极探索，创新 S 基金接力投资模式，实现了险资 " 投 早、投小 " 的突破。 2024 年，中国人寿出资 50 亿元，以 S 份额方式投资北京市科技创新 基金。 " 这两年，我走访调研了不少科创企业，深刻感受到企业对科技金融综合服务需求越来越迫 切。 " 蔡希良称，中国人寿积极响应市场需求，依托保险投资银行综合金融优势，发挥不同 金融业态的协同效应，统筹运用股权债权保险等工具，为科技型企业提供全生命周期、全方 位金融服务，积极探索构建科 ...

"国家对普惠金融可以说是不遗余力地推动。现在的全国普惠贷款规模相比2015年增加了2.6倍。"顾建忠认为，普惠金融的可及性还要有度的把握，要做 到"合理的风险覆盖、真实场景背景下的真实融资需求"两条标准。 新华财经上海6月19日电（记者王淑娟）如何提高普惠金融的均衡性和可及性？6月19日，在2025陆家嘴论坛上，上海银行党委书记顾建忠表示，普惠金融永 远在路上，在数字化赋能的背景下，上海银行通过"四化"积极拓展普惠金融的新境界、新领域：一是抓好数字深度融合的场景化，二是抓好基于数据驱动的 生态化，三是抓好普惠金融服务的综合化，四是推动数字化的同时抓好人的能力专业化。 （文章来源：新华财经） 顾建忠认为，"人的专业能力是数字化所不能替代的，在数字化赋能的背景下，我们不能忽视人的核心价值，人依然是金融皇冠上的明珠。" 图为上海银行党委书记顾建忠在2025陆家嘴论坛现场发表讲话查伟诚/摄 在顾建忠看来，近几年，普惠金融的"含科性"越来越大。但很多初创期的科技企业，营收很少，没有抵质押，孵化器的企业甚至连营收都没有，因此商业银 行挺进科技金融"可可西里"要有担当，要做难而正确的事，一定要有坚持，要有情怀。 顾建忠强调 ...

Core Viewpoint - Wuhan is accelerating the construction of a technology finance system that aligns with technological innovation, aiming to establish itself as a national technology finance center by 2027 through a comprehensive action plan [1][2]. Group 1: Action Plan Overview - The action plan outlines five major actions: nurturing patient capital, improving technology credit quality, building a multi-level capital market, risk compensation sharing, and optimizing the technology finance ecosystem [2]. - By 2027, Wuhan plans to establish over 50 specialized technology finance institutions and achieve a scale of over 300 billion yuan in equity investment funds and over 500 billion yuan in loans to technology enterprises [2]. Group 2: Government Investment Fund Role - The action plan emphasizes the role of government investment funds in guiding technology finance, with a focus on nurturing patient capital [3][4]. - Wuhan has integrated two government industry funds, which have collectively participated in the establishment of 111 funds and invested over 20.4 billion yuan, attracting over 83.4 billion yuan in social capital [4]. Group 3: Technology Credit Expansion - The action plan aims to enhance the technology credit service system by encouraging banks to establish specialized technology finance institutions and improve credit access for technology enterprises [7][8]. - As of June 11, 2023, Wuhan has issued 36.563 billion yuan in knowledge value credit loans to 4,287 technology enterprises, with plans to further innovate credit products [9]. Group 4: Multi-Level Capital Market Development - Wuhan is committed to developing a multi-level capital market, supporting the listing of technology enterprises through a structured nurturing approach [10][11]. - The city has seen significant progress in nurturing companies for capital market competition, with eight new domestic and foreign listed companies in 2024 [11]. Group 5: Mergers, Acquisitions, and Bond Financing - The action plan supports mergers and acquisitions for technology enterprises, allowing up to 80% loan coverage for controlling acquisitions [12]. - Since the introduction of the bond market "technology board" policy, Wuhan has successfully issued 172 billion yuan in technology innovation bonds, with 12 enterprises participating [13].

Group 1 - The opening of the 2025 Lujiazui Forum focused on "Financial Openness and Cooperation in the Global Economic Landscape" [1] - Li Yunzhe, head of the National Financial Supervision Administration, emphasized that open cooperation is a key theme for financial development and a strong driving force for China's financial reform [1] - Currently, 42 out of the world's top 50 banks have established institutions in China, and nearly half of the 40 largest insurance companies have entered the Chinese market [1] - Eighty percent of national banks have improved corporate governance and management levels by introducing foreign strategic investors [1] - Foreign institutions serve as important bridges for attracting investment, intelligence, and technology, contributing significantly to the construction of China's modern financial system [1] Group 2 - China is making breakthroughs in cutting-edge technology fields such as aerospace, quantum technology, and artificial intelligence, becoming one of the most active innovation hubs globally [1] - International institutions investing in Chinese tech companies have seen substantial returns, leading to increased investor confidence in China's technological development potential [1] - The National Financial Supervision Administration is promoting pilot projects for financial asset investment companies and technology enterprise merger loans to explore new paths for technology finance development [1] Group 3 - The National Financial Supervision Administration is focused on improving the regulatory framework, management, and standards, with restrictive measures in the banking and insurance sectors largely eliminated [2] - Future efforts will include replicating and promoting the experiences of free trade zones and ports to support foreign institutions in participating in more financial business pilots [2] - The administration aims to align with international high-standard economic and trade agreements in the financial sector to explore broader and deeper opening-up measures [2]

本报记者 吴晓璐 当前，我国新质生产力在加快培育、加快形成。做好"科技金融"这篇大文章，是深化"科技—产业—金融"良性循环的内在 要求，也是构建新质生产力的坚实支撑。 6月19日，在2025陆家嘴论坛"全体大会五：金融支持新质生产力发展"上，与会人士表示，要做好"科技金融"这篇大文 章，需要企业、政府、金融机构等市场各方形成合力，打造"科技金融"生态圈，为科技型企业提供接力式综合金融服务。 田 薇 合作伙伴 Partners 中国外通业方中心 ICBC (宮) 中国工商银行 全国银行向同业拆借中心 上海银行 snk of Shanghai 中国能行 图为2025陆家嘴论坛"全体大会五：金融支持新质生产力发展"现场 吴晓璐/摄 S基金接力投资 政策性金融弥补失灵 保险资金具有长期资本、耐心资本的特点，而科技创新周期长、投入高的需求特征，保险资金具有较好的匹配性。但是， 中国人寿保险（集团）公司董事长蔡希良表示，保险资金是老百姓的养老钱、救命钱，对资金运用的安全性要求比较高，科技 企业早期风险高，不确定性大，所以保险资金投早、投小存在天然障碍。 "为了破解这一难题，中国人寿积极探索创新S基金接力投资的模式，实现投 ...

6月19日，武汉首次对外宣布，将以"股权投资做引导、债权融资做增信、多层次资本市场公开募资做培 育"为思路，建设全国科技金融中心。 根据《武汉市推动科技金融高质量发展 加快建设全国科技金融中心行动方案》（下称《行动方 案》），到2027年末，设立各类科技金融专营机构50家以上，股权投资基金规模3000亿元以上，培 育"金种子""银种子"企业500家以上，基本形成与科技创新发展相适应的科技金融服务体系。 科技金融国家政策红利聚集武汉 当前，国家科技金融政策正在向武汉聚集。 去年9月，武汉成为继上海之后第二批银行股权直投试点城市；今年3月，武汉获批适度放宽科技型企业 并购贷款政策试点；5月，武汉又被纳入全国债券市场"科技板"重点支持的10个地区。 今年5月，国家七部门联合印发了加快构建科技金融体制的若干政策举措，重点支持部分地区先行先试 科技金融创新政策。武汉作为中部唯一入选城市，站上了政策风口。 "十四五"以来，武汉已累计新增上市企业31家，其中国家级专精特新"小巨人"上市企业10家，超过以前 历年之和；科技型企业贷款余额年均增长20%，是整体贷款增速的2.5倍；2024年全市私募基金投资增 速全国第二、募资增 ...

南方财经记者 庞成 见习记者 王达毓 广州报道 这是广东首次由金融管理部门与科技主管部门联动举行的科技金融典型案例征集推广活动。自活动启动 以来，主办方共征集到369个案例，申报/推荐主体来自全省21个地市，主体类型涵盖银行、证券、基 金、期货、保险、金融基础设施运营机构、地方金融组织、金融科技企业、专业服务机构和科技企业 等。主办方组织专家从合规性、创新性、实效性和示范性等角度，对案例进行讨论和评议后，最终遴选 出50个典型案例。 50个典型案例广泛覆盖了多样化的金融服务模式和创新业态，充分展现了广东在科技金融领域的深度探 索与实践成果。 其中，既包括传统银行信贷业务的优化升级，如对客户开展多维度评价，根据企业经 营行为和信用数据进行精准画像并主动授信，也涌现出依托数据交易所的数据资产融资服务创新。既有 保险机构为科技企业提供全生命周期风险管理的实践，也有"股贷担保租"联动服务模式的落地探索。 同时，政府科技部门、生产力促进中心、科技金融综合服务中心等机构在政策支持、资源对接、信用保 障、成果转化等方面提供的全方位服务案例也入选其中，通过政银紧密合作破解科技企业融资难题，满 足科技企业全生命周期需求。 这些 ...

Group 1 - The core viewpoint of the articles highlights the innovative approach of CITIC Bank in providing financial services tailored for technology-driven enterprises, particularly through the launch of the "Technology Achievement Transformation Loan" [1][2] - CITIC Bank has initiated a pilot program in Beijing to support early-stage technology companies, exemplified by its collaboration with Beijing Xinhua Storage Technology Co., Ltd., which specializes in zinc-nickel flow battery technology [1] - The bank has provided a credit limit of 5 million yuan to the startup, utilizing patent pledges as a means of credit enhancement, addressing the challenges of traditional financing methods [1] Group 2 - Since the launch of the product, CITIC Bank has supported dozens of technology transformation enterprises, issuing loans exceeding 100 million yuan [2] - The bank's strategy extends beyond credit product innovation, offering a comprehensive service model that includes "investment-loan linkage, bond financing, and industry matchmaking" to facilitate deep integration of capital, finance, and technology [2] - CITIC Bank has also introduced the "Sailing Plan - Empowering Technology Achievement Transformation Action," aiming to support 10,000 hard technology enterprises over the next three years through a structured service framework [2]

金十数据6月19日讯，6月19日，中国银行副董事长、行长张辉在2025陆家嘴论坛上表示，金融助力发展 新质生产力，关键要做好科技金融大文章。张辉表示，要想做好科技金融这篇大文章，还需要重点解决 三个方面的问题：一是科技成果要从实验室实现产业化，从0到1，从1到N，这中间存在很大的不确定 性。但是金融往往追求的是预期确定性，预期差异容易导致金融资源的错配。二是传统金融逻辑更注重 现金流、财务指标。而科技企业的核心价值是技术，对金融机构来说，要进行价值评估，对金融机构的 专业性提出更高要求。三是科创产业化的全链条对金融的需求是综合性的，但是金融机构往往是提供单 一性的金融产品、金融服务，要想提升协同服务能力、打通资金供给的渠道，需要金融机构做更多工 作。 （中证金牛座） 中国银行行长张辉：金融助力发展新质生产力，关键要做好科技金融大文章 ...