本报讯（记者 庞玲玲）当前，推动民营经济高质量发展是陕西省谱写新篇、争做西部示范的关键支 撑。省政协委员、陕西远大电气科技集团有限公司董事长郭小卫通过深入调研发现，陕西省民营企业在 迈向绿色转型与高质量发展过程中，面临以下突出挑战： 科技金融支撑不足。民营企业，尤其是科技型中小企业，其核心知识产权等"软资产"与传统信贷模式不 匹配。绿色技术研发与转化具有投入大、周期长、风险高的特点，缺乏与之适配的长期资本。科技成果 转化的关键"中试"环节资金缺口巨大，成为"死亡之谷"。各类金融服务碎片化，未能形成全周期、接力 式的支持体系。 绿色转型动力不强。节能改造、环保升级等初始投入高、回报周期不确定，导致许多企业"不愿转、不 敢转"。碳排放权等环境权益交易市场尚不成熟，绿色收益难以充分兑现，削弱了转型内生动力。省内 产业链"链主"企业对上下游民营企业的绿色牵引和协同作用有待加强。 营商环境有待优化。部分惠企政策存在"知不全、看不懂、不会报"现象，精准直达和执行力有待提升。 市场准入隐性壁垒、所有制歧视仍需破除。监管中存在多头重复检查现象，对新业态的包容审慎监管尺 度需更明晰。涉企政务服务数字化、智能化水平及数据共享程度 ...

21世纪经济报道记者 边万莉 2025年，是"十四五"规划收官之年，是高质量发展建设共同富裕示范区的关键之年，浙江金融系统交出了一份亮眼答卷。 日前，21世纪经济报道记者在2025年金融支持浙江省经济高质量发展新闻发布会上了解到，2025年浙江省多项核心金融指标位居全国前列。 数据显示，2025年，全省金融机构本外币贷款余额25.69万亿元，同比增长8%，增速高于全国1.8个百分点，比年初新增1.91万亿元，增量居全 国第二位；全省社会融资规模新增2.90万亿元，同比多增2552亿元，增量居全国前列。 "五篇大文章"贷款余额占全国比重为11.9% 央行浙江省分行相关负责人表示，2026年，人民银行浙江省分行将开展"科技金融深化年"专项行动，聚焦浙江教科人一体改革和"两新"融合， 做深做实科技金融大文章。重点体现在三个"深化"上：一是深化统筹机制建设，提升政策协同力；二是深化服务模式创新，提升资源适配性； 三是深化配套改革突破，提升生态支撑力。 1.91 万亿元新增贷款居全国第二位 在货币政策执行层面，浙江始终保持流动性合理充裕，融资总量平稳增长态势显著。数据显示，2025年全省金融机构本外币贷款新增1.91万 ...

Core Viewpoint - The article emphasizes the importance of financial technology and healthcare sectors, highlighting the potential for investment opportunities through ETFs that focus on these areas, particularly in the context of China's economic policies and global health trends [3][4][6][7]. Financial Technology ETF (159851.SZ) - The "14th Five-Year Plan" reiterates the goal of accelerating the construction of a financial powerhouse, focusing on the development of "fintech" and "digital finance" [3]. - Advanced technologies such as generative AI and blockchain are rapidly being adopted, transforming the financial industry from an optional to a mandatory digitalization process [3]. - Leading financial institutions and IT companies are integrating AI into various applications, which is expected to drive cost reduction and innovation in the financial sector [4]. - The ETF tracks the CSI Financial Technology Theme Index, covering key areas like financial IT and internet finance, providing investors with an efficient tool to access the innovative benefits of the "finance + technology" intersection [4]. Healthcare ETF (512170.SH) - The emergence of the Nipah virus in India, with a mortality rate between 40% and 75%, is expected to catalyze short-term interest in the healthcare sector [6][7]. - In the medium to long term, the acceleration of innovative drugs entering international markets is seen as a core driver for the commercialization of the healthcare industry [6]. - China currently holds about 30% of the global pipeline for new drugs, ranking second worldwide, with 76 innovative drugs approved for market entry in 2025 [7]. - The total value of authorized transactions for innovative drugs from China is projected to exceed $130 billion, with over 150 transactions expected, marking a significant increase in China's global pharmaceutical capabilities [7].

Core Viewpoint - The People's Bank of China Shandong Branch emphasizes the importance of technology finance to enhance the province's technological innovation capabilities, targeting a technology loan balance of 2.8 trillion yuan by the end of 2025, representing a year-on-year growth of 15.5%, which is 7.3 percentage points higher than the growth rate of all loans [1] Group 1: Policy Guidance and Support - A closed-loop work system is being established to promote technology innovation and technical transformation, with a total loan balance of 80.14 billion yuan issued in related fields, supporting nearly 3,000 enterprises and projects [2] - The implementation of 330 billion yuan in re-loans and discounts aims to enhance financing support for technology enterprises [2] - Eleven targeted measures have been proposed to maximize the combined effects of technology, industry, and financial policies [2] Group 2: Department Collaboration and Regional Promotion - A coordinated mechanism for technology finance has been established, facilitating the sharing of over 80,000 pieces of information related to technology innovation among financial institutions [3] - The Jinan Technology Innovation Financial Reform Pilot Zone is being developed to create a financial ecosystem covering the entire cycle of technology innovation [3] - Local initiatives, such as the establishment of a technology finance alliance in Qingdao and a government-guided "investment-loan linkage" model in Yantai, have shown positive results [3] Group 3: Product Innovation and Service Optimization - A campaign to showcase excellent cases in technology finance has been launched, promoting over a hundred specialized financial products in the sector [4] - The "Science and Technology Achievement Transformation Loan" and "Science and Technology Financing Credit" are highlighted as key products, with successful models being promoted nationwide [4] - The Shandong Branch plans to further integrate technology, industry, and finance, developing a comprehensive service system for technology finance [4] Group 4: Mechanism and Talent Development - The Shandong Province's technology finance coordination mechanism will enhance information sharing, collaborative problem-solving, and talent cultivation to support high-quality development in technology finance [5]

Core Viewpoint - Bohai Bank, as the only national joint-stock bank headquartered in Tianjin, is committed to enhancing financial adaptability and contributing to the construction of a financial powerhouse, aligning with national strategies and focusing on "technology finance" as a key driver for innovation and development [1][2]. Group 1: Financial Performance - As of December 5, 2025, Bohai Bank's underwriting scale of interbank debt financing tools exceeded 200 billion yuan, marking a historical high with a year-on-year growth of 32%, leading among national joint-stock commercial banks [1]. - By the end of 2025, the bank had underwritten over 70 types of technology innovation bonds and notes, with a total scale nearing 20 billion yuan, establishing a leading advantage in this strategic sector [3]. Group 2: Innovation in Financing - In May 2025, Bohai Bank participated in the launch of the "technology board" in the interbank bond market, assisting five companies in issuing the first batch of technology innovation bonds and completing its own issuance of 5 billion yuan in the first phase of technology bonds [2]. - The bank has developed a "technology flow" evaluation system to convert the "technology flow" of small and medium-sized tech enterprises into "capital flow," significantly reducing reliance on collateral for financing [4]. Group 3: Product Development - Bohai Bank's "Bohai Technology Fast Loan" offers credit up to 30 million yuan with a maximum term of three years, characterized by efficient approval and flexible limits, specifically designed for technology enterprises [4][5]. - The bank has created a comprehensive service network covering the entire lifecycle of enterprises, including products like "Talent Loan" for startups and "Bohai e-Chain" supply chain finance for growth-stage companies [5]. Group 4: Ecosystem Collaboration - Bohai Bank actively collaborates with government, investment parks, venture capital, and research institutions to build a growth ecosystem for technology enterprises, exemplified by the "Bohai New Area Points Loan" initiative [6]. - The bank has engaged with the Haihe Industrial Fund to enhance service models and support key industrial chains, investing in nearly 30 tech enterprises since the fund's establishment [6]. Group 5: Market Recognition - Since 2025, Bohai Bank has been recognized with awards such as the "16th Golden Ding Award for Annual Outstanding Technology Financial Bank" and the "Annual Technology Innovation Bank" in the Securities Times' 2025 China Banking Industry "Tianji Award" [6]. - As of November 2025, the bank served a total of 8,366 technology enterprises, with a loan scale for tech enterprises growing by 35.8% since the beginning of the year, injecting strong momentum into innovation and development [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：光明微教育 同时，田轩也是第十四届全国人大代表，教育部"长江学者"特聘教授。 田轩的研究聚焦中国经济、科技金融和公司金融，主持国家自然科学基金杰出青年科学基金项目（并获 首批延续资助）和重大项目，研究成果多次发表于JF、JFE、RFS、JAE、JAR、MS、《经济研究》和 《管理世界》等国际国内顶级学术期刊和《人民日报》《光明日报》《经济日报》等主流媒体上，连续 入选科睿唯安"全球高被引科学家"榜单、斯坦福全球前2%顶尖科学家"职业生涯影响力"和"年度影响 力"排行榜和爱思唯尔"中国高被引学者"榜单。田轩构建的"国家金融行为—资本市场制度—实体经济效 能"三位一体分析框架，创新性提出国家金融干预与微观主体活力激发的"激励相容"路径，为提升资本 市场效率、强化投资者保护、优化公司治理提供了严谨的理论支撑，相关成果已为中国金融改革实践提 供重要解决方案。 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑 ...

Core Insights - Bohai Bank, as the only national joint-stock bank headquartered in Tianjin, is committed to enhancing financial adaptability and contributing to the construction of a financial powerhouse in China, aligning with the spirit of the 20th National Congress of the Communist Party of China [1] - The bank achieved a record high of over 200 billion yuan in underwriting interbank debt financing tools by December 5, 2025, marking a 32% year-on-year increase, leading among national joint-stock commercial banks [1] Group 1: Financial Performance - As of the end of 2025, Bohai Bank has underwritten over 70 types of sci-tech bonds and notes, with a total scale nearing 20 billion yuan, establishing a leading advantage in the strategic track of sci-tech bonds [3] - The bank's total loan volume for sci-tech enterprises reached 103 billion yuan in 2025, reflecting a 35.8% increase from the beginning of the year [8] Group 2: Innovation in Financing - Bohai Bank launched the "Bohai Sci-Tech Fast Loan," offering credit up to 30 million yuan with a maximum term of three years, focusing on a "technology flow" evaluation system to convert technological strength into credit capital [4] - The bank has actively participated in the interbank bond market's "sci-tech board," assisting five companies in issuing the first batch of national sci-tech innovation bonds and completing its own 5 billion yuan issuance [2] Group 3: Collaborative Ecosystem - Bohai Bank collaborates with government, investment, and research institutions to create a growth ecosystem for sci-tech enterprises, exemplified by the "Bohai Binhai New Area Points Loan" initiative [7] - The bank has engaged with the Haihe Industrial Fund to support nearly 30 sci-tech enterprises, enhancing service models to attract significant investments in key industrial chains [7] Group 4: Recognition and Awards - Since 2025, Bohai Bank has been recognized as the "Annual Outstanding Sci-Tech Financial Bank" at the 16th Golden Ding Award and awarded "Annual Sci-Tech Innovation Bank" in the 2025 China Banking Industry "Tianji Award" evaluation [7]

Core Insights - Bohai Bank, as the only national joint-stock bank headquartered in Tianjin, is committed to enhancing financial adaptability and contributing to the construction of a financial powerhouse in China, aligning with the spirit of the 20th National Congress of the Communist Party of China [1] - As of December 5, 2025, Bohai Bank's underwriting scale of interbank debt financing tools has exceeded 200 billion yuan, marking a historical high with a year-on-year growth of 32%, leading among national joint-stock commercial banks [1] Financial Performance - The bank has issued over 70 types of technology innovation bonds and notes in 2025, with a total scale nearing 20 billion yuan, establishing a leading advantage in the strategic field of technology innovation bonds [4] - The bank's loans to technology enterprises have increased by 35.8% compared to the beginning of the year, with a total annual disbursement of 103 billion yuan, injecting strong momentum into technological innovation [11] Product Innovation - Bohai Bank has launched the "Bohai Science and Technology Fast Loan," which offers credit up to 30 million yuan with a maximum term of 3 years, focusing on a "technology flow" evaluation system that quantifies the "soft power" of enterprises [6] - The bank has also introduced a comprehensive service network covering the entire lifecycle of enterprises, including products like "Talent Loan" for startups and "Bohai e-Chain" for supply chain finance [7][8] Strategic Initiatives - Bohai Bank actively collaborates with government, investment parks, venture capital, and research institutions to create a growth ecosystem for technology enterprises, exemplified by the "Bohai Binhai New Area Points Loan" initiative [10] - The bank has participated in multiple funds, including the Haihe Industrial Fund, to support nearly 30 technology enterprises and promote the development of key industrial chains [10] Market Recognition - Since 2025, Bohai Bank has received accolades such as the "16th Golden Ding Award for Annual Outstanding Technology Financial Bank" and the "Annual Technology Innovation Bank" in the Securities Times' awards [10]

为更好地推动科技金融与科技产业化的发展，对母基金在中国资本市场里所发挥的重要作用进 行系统研究，发挥政府出资产业投资基金等的资源和战略优势，加强政府对社会资本的管理和 引导，促进社会资本流向创新创业型企业和实体经济，推动中国投资行业特别是母基金行业的 健康发展， "中国国际科技促进会母基金分会"（简称"科促会母基金分会"）成立。科促会母基 金分会领导班子所在机构及参会机构共 8 7 家，科促会母基金分会于每周二更新相关机构的一 周资讯。 【内容提要】 1 . 这支母基金，一举出资 1 7家GP 2 . 国新基金投资矩阵多元，助推国产先进封装核心装备突围领航 3 . 福田资本合作基金孵化企业衡泰生物与英矽智能达成全球独家授权合作 4 . 深创投集团与华润金控签署全面战略合作协议 5 . 招商资本与汇丰中国举行签约仪式 共促跨境金融创新合作 6 . 深圳市科技创新种子基金合投会（ 2 0 2 6年第一期）成功举办 7 . 财信金控与民生银行长沙分行举行工作会谈 01 这支母基金，一举出资17家GP 根据《上海三大先导产业母基金子基金公开遴选细则（试行）》，经相应遴选程序，初步确定 上海国投先导三大先导产业母基金第 ...

Core Viewpoint - Hunan Province is actively promoting technological innovation and aims to become a strong technology province, with the transformation of scientific and technological achievements as a core engine for development [1] Group 1: Financial Support Initiatives - The "Xiangban Qianxing" plan, launched by the People's Bank of China Hunan Branch and other departments, aims to establish a long-term strategic cooperation relationship among government, finance, and enterprises, providing diversified financial services for technology companies [1][2] - By the end of November 2025, loans to technology enterprises in Hunan Province increased by 12.8%, outpacing the overall loan growth rate by 7.1% [1] - More than 10 financial institutions signed medium to long-term cooperation agreements with 127 enterprises, with a total credit amount of 3.75 billion yuan and loans issued amounting to 1.66 billion yuan [2] Group 2: Innovative Financing Models - The "Xiangban Qianxing" plan promotes innovative financing models such as "investment-loan linkage," providing "accompanying" financial services for early-stage and growth-stage technology companies [3] - The establishment of the Jin Furong Investment Fund aims to create a comprehensive fund matrix to increase investment in technology innovation [4] - The plan includes a combination of policy supports to encourage financial institutions to lend to technology companies, including a special re-loan quota of no less than 10 billion yuan [5] Group 3: Risk Mitigation and Insurance - The integration of technology loans with technology insurance is being promoted to support companies during the trial production phase, providing risk guarantees and credit support [6] - The Hunan Province Technology Financing Guarantee Company has provided special guarantee loans totaling 2 billion yuan to over 340 technology companies [6] Group 4: Innovation Evaluation and Credit Products - The promotion of an "innovation points system" allows banks to use innovation scores as a reference for credit, integrating various data sources to create tailored credit products [7] - By the end of November 2025, over 2,500 technology companies received more than 15 billion yuan in loans through specialized credit products [7] - The establishment of a dedicated evaluation system for technology companies has led to an increase in internal ratings for over 400 companies based on market prospects and R&D capabilities [7]