Core Insights - The article discusses the financing challenges faced by advanced industries in Sichuan, highlighting the need for continuous investment and the mismatch between light asset models and traditional credit systems [1] - It emphasizes the importance of government policies and innovative financial tools to facilitate effective market connections for enterprises at different development stages [1] Financing Challenges - Many companies, such as Chengdu Qingxin Technology, express urgent financing needs, with specific requests like 30 million yuan for working capital to expedite research and production [1] - The financing demands from 51 companies total 9.9 billion yuan, with 8.25 billion yuan for loans and 1.65 billion yuan for equity financing, covering key areas like R&D and production line construction [1] Government and Financial Institutions' Role - The government has introduced a "toolbox" of policies and financial products, including a compilation of 348 supportive measures and 129 specialized products from 37 financial institutions [1] - Innovative financial tools, such as the "technology flow" evaluation system by Industrial Bank, assess companies based on R&D investment and patent value rather than solely on financial data [1] Ecosystem Development - The article highlights the need for a sustainable and precise connection ecosystem among government, financial institutions, and enterprises to facilitate ongoing collaboration [1] - Since the implementation of the "Building Circles and Strengthening Chains" mechanism, Sichuan has nurtured 260 chain-leading enterprises and 6,328 chain-related enterprises, enhancing the industrial chain ecosystem [2]

科创贷产品是天津滨海农商银行聚焦科技型企业融资需求推出的专属产品，支持科技型企业以信用、知 识产权质押、科创积分、投贷联动等模式开展融资，在授信额度的核定上，可采取销售收入定额和风险 投资定额两种方式，为科技型企业提供更为多元化的融资选择。该产品自上线以来，今年已累计为47户 科技型企业投放贷款3.28亿元，以实打实的金融支持，助力一批科创企业从"新苗"长成"大树"、从技术 突破迈向市场拓展。 下一步，天津滨海农商银行将深入贯彻落实党的二十届四中全会精神，锚定"科技自立自强"目标，深化 金融产品创新，沿着人工智能、量子计算、6G通信等行业的研究，让资金更快更精准地直达企业需 求。全力护航科创企业从小到大、从强到优，为天津高质量发展提供更多金融动力。 党的二十届四中全会提出"加快高水平科技自立自强，引领发展新质生产力"。针对轻资产高科技企 业"有技术缺资金"的成长困境，天津滨海农商银行积极创新，探索投贷联动的金融服务新模式，将企业 技术价值转化为可量化的信用资产，让金融"活水"精准滴灌科技创新一线。近期，天津滨海农商银行与 天津某投资管理公司达成投贷联动合作意向，以投贷联动模式为天津某航空航天企业发放1000万 ...

Core Viewpoint - The financial institutions in Jilin Province are leveraging inclusive finance to support key sectors such as agriculture, small and micro enterprises, and technology innovation, leading to significant economic development in the region [1]. Group 1: Financial Support for Biopharmaceuticals - Changchun Zhuoyi Biological Co., Ltd. has benefited from sufficient credit support from the Bank of China, enabling the company to invest in technology and expand production capacity [2]. - The Bank of China has actively engaged with technology companies, providing tailored financial products and services, which has led to successful project approvals and funding for various enterprises [3]. Group 2: Support for Technology Enterprises - The Bank of China has established a specialized service team to assist a pharmaceutical company with a large-scale headquarters project, resulting in the approval of significant credit lines [3]. - Qiushi Spectrum Technology Co., Ltd. has received early-stage support from CITIC Bank, which included a 5 million yuan credit line to facilitate research and development, later increased to 80 million yuan as the company grew [4]. Group 3: Financing Solutions for Automotive Industry - The automotive industry in Changchun faces challenges in financing for small and micro enterprises due to their asset size and lack of traditional collateral [6][7]. - Ping An Bank has introduced a "whitelist scenario loan" scheme that transforms the identity value of core enterprises in the supply chain into financing guarantees, allowing small enterprises to secure loans based on their relationships and order data [8]. Group 4: Agricultural Financing Initiatives - The Bank of China has implemented a green approval channel to expedite loan processing for agricultural enterprises, significantly enhancing their operational capabilities [11]. - Jilin Rural Commercial Bank has developed digital inclusive financial products to support farmers, achieving a loan balance of 208.4 billion yuan for agricultural loans [13]. Group 5: Support for Specialty Industries - Postal Savings Bank has focused on financing for specialty industries in Jilin, providing nearly 15 billion yuan in loans to support local agricultural sectors [14]. - Industrial and Commercial Bank of China has launched various loan products to support grain and important agricultural products, enhancing financial supply for stable production [14].

新质生产力是由技术革命性突破、生产要素创新性配置、产业深度转型升级而催生的先进生产力，通过劳动者、劳动资料、劳动对象及其优化组合的质变实 现全要素生产率的提升。新质生产力代表了先进生产力的演进方向，适应科技革命和产业变革发展要求，以科技创新为核心驱动力，能够引领创造强大的发 展动能。 新质生产力的培育与壮大并非建立在孤立的技术突破或产业升级上，而是需要金融体系作为"血脉"提供系统性支撑，每一个环节都离不开金融资源的精准对 接与高效配置。 经济观察报记者就金融如何赋能新质生产力等相关内容专访了清华大学国家金融研究院院长、清华大学五道口金融学院副院长田轩。 田轩认为，金融的核心定位应从资金供给者跃升为价值共创的生态构建者，不再局限于信贷支持与资本撮合，而是深度参与产业创新链条的孵化与整合。关 键差异在于服务逻辑的根本转变。传统模式聚焦于抵押物评估与财务指标审核，以风险规避为导向；而赋能新质生产力的金融则要求其深度融入创新链条， 基于技术演进路径与产业变革趋势进行前瞻性价值判断，通过场景化金融产品设计，构建开放型金融生态平台，整合科研机构、产业链上下游与风险资本， 实现资本与知识、数据、技术等新型要素的精准耦合，形 ...

是"合伙人"更是"同行者" 从"看资产"转变为"看知产" 2024年5月，由省生产力促进中心、南京银行主办，镇江市科技局、中国人民银行镇江市分行、国家金 融监管总局镇江监管分局、南京银行镇江分行承办的"投贷联动"科技金融服务直通车（镇江站）成效发 布会，在镇江科创沃土上搭建了一个深度的对接平台，为地方"轻资产、融'智'难"的科技企业破解发展 中的资金瓶颈。 "传统信贷看重的是企业过去的财务报表和固定资产，但许多科技型企业在初创期或成长期，最宝贵的 资产是人才、技术和知识产权。"南京银行镇江分行党委书记、行长经涛在活动现场介绍道。他表示， 该行推出的"投贷联动"模式，正是为了打破这一局限，将服务逻辑从"看资产"转变为"看知产"、"看潜 力"。 这一模式通过整合银行信贷与股权投资功能，联合政府园区、创投机构、产业基金等多方资源，为处于 不同发展阶段的科技企业提供"股权+债权"的综合融资方案。 一份检测报告背后的金融"加速度" "投贷联动"带来的不仅是资金，更是深度赋能。作为该模式的受益者，勃肯特机器人公司董事长王岳超 在分享中深有感触："南京银行没有仅仅做一个资金的提供方，更像是我们创新路上的'合伙人'。" 勃肯 ...

李鹏总经理在致辞中指出，作为中国人寿集团旗下专业的资产管理平台，中国人寿资产公司始终秉 承"服务国家战略、支持实体经济"的使命，充分发挥保险资金长期、稳定、规模大的独特优势，致力于 通过创新投资推动产业与资本深度融合，表示将与广发银行南京分行在江苏这片发展热土上深入耕耘， 以"耐心资本"的信念，积极助力江苏的产业升级、科技创新与经济发展。 座谈会上，中国人寿资产公司的投资经理围绕保险资金投资及优秀案例进行专题宣讲和分享，并就如何 加强与产业投资、政府基金合作开展交流。来自江苏省内的扬州产控集团、扬州国金集团等产业投资机 构以及徐州产发基金、无锡创投、盐城创投、南京金鱼嘴创投、淮安淮上英才创投、扬州龙川控股等政 府基金管理人围绕S基金接续投资、并购基金、产业基金以及重点项目投资等开展了项目现场对接和深 入交流。 本次座谈会是广发银行南京分行与中国人寿资产公司深化投贷联动，服务江苏经济高质量发展的具体实 践。广发银行南京分行将以此次活动为契机，发挥科技金融、综合金融优势，带动更多优质金融资源落 地江苏，持续强化对科技创新、产业升级及重大项目的精准支持，全面提升金融服务质效，做好金 融"五篇大文章"，为"强富美高" ...

Core Insights - The meeting held by the People's Bank of China and the Ministry of Science and Technology signals a shift towards systematic and comprehensive financial services for technology-driven enterprises, moving away from fragmented support [1] Group 1: Customized Financial Solutions - Banks are implementing tailored services for technology companies at different growth stages, focusing on "one enterprise, one policy" to meet diverse funding needs [2] - For early-stage tech firms lacking collateral, banks are introducing specialized credit products and risk-sharing mechanisms, exemplified by Qilu Bank's "Lian Tou Yi Dai" which provided a 10 million yuan credit loan to a startup based on equity investment as a credit endorsement [2] - For growth-stage companies, banks are innovating financial models like "investment-loan linkage" to support large-scale R&D funding, as seen with CITIC Bank's customized financial solutions for a rapidly growing tech firm [3] - Mature companies seeking technological upgrades are receiving low-cost funding through policies like technology innovation and renovation loans, illustrated by the 480 million yuan loan approved for Zhejiang Huilong New Materials [4] Group 2: Enhancing Financial Support Mechanisms - Banks are advised to optimize differentiated financial support strategies, focusing on high-growth, high-risk startups by collaborating with government funds and venture capital [5] - For growth-stage firms, establishing a market-oriented technology evaluation system to quantify soft assets like intellectual property into hard credit is recommended [5] - Mature leading companies should receive integrated services combining commercial and investment banking to facilitate mergers, acquisitions, and supply chain finance [5] Group 3: Collaborative Financing Services - The banking sector is addressing core pain points in financing for tech firms by building collaborative service systems that enhance financing connections and information sharing [6] - Utilizing big data technology, banks are creating intelligent matching mechanisms to convert innovation metrics into quantifiable credit references, improving loan approval efficiency [7] - A standardized patent value assessment system is being developed to convert intellectual property into financing assets, expanding the scale of intellectual property pledge loans [7] Group 4: Strategic Recommendations for Banks - Establishing regular "government-bank-enterprise" platforms to connect with government departments and identify high-potential projects is crucial [8] - Promoting cross-department data sharing to convert core information into financial credit certificates will enhance operational efficiency [8] - Innovating risk-sharing mechanisms through collaboration with government guarantee systems and insurance institutions can systematically reduce credit risks [8]

"十四五"以来，广东从制度层面系统推进，着力构建"敢贷、愿贷、能贷"的信贷生态。 去年出台的《关于加快推进科技金融深度融合助力科技型企业创业发展的实施意见》（简称"科金十五 条"）具有里程碑意义。该文件多项举措直指银行服务科技创新的核心环节，包括扩大信贷规模、完善 考核机制、构建风险分担体系、激励产品创新及搭建联动机制等。 今年上半年，AIC股权投资、科技企业并购贷款、知识产权金融生态三项试点政策在广东全面落地，进 一步释放政策红利，形成多工具协同支持格局。 在货币政策工具运用方面，广东通过引导金融机构用好科技创新再贷款、"粤科融"再贷款再贴现专项额 度等工具，强化货币政策、财政政策、产业政策协同，鼓励金融机构加大对重点新兴产业信贷投放，形 成"信贷资金+财政奖补"双轮驱动模式。 风险分担机制的完善尤为关键。去年12月出台的《广东省科技信贷风险补偿管理办法（试行）》，创新 建立"政府引导、银企共担"风险分担机制，设立省级科技信贷风险补偿资金池，对合作银行科技信贷损 失按比例补偿，符合条件的项目最高补偿比例达90%。 在我国以间接融资为主的金融格局下，银行业始终是服务科技创新的中坚力量。 作为名副其实的金融大省 ...

Core Insights - The strategic cooperation and party-building agreement between Yantai Audit Center of Shandong Rural Credit Cooperative Union and Yantai Financial Group aims to leverage party leadership to enhance the integration of party-building and business operations, ultimately benefiting the regional economy and promoting high-quality industrial development [1][6]. Group 1 - The signing ceremony was attended by key leaders from both organizations, including Li Yingbo, the Secretary and Director of the Audit Center, and Tian Xurun, the Secretary and Chairman of the Financial Group, highlighting the importance of this collaboration [1][6]. - Prior to the signing, the Audit Center delegation visited the Yantai Financial Group's cultural exhibition hall to understand its development history, business layout, and strategic planning, indicating a thorough preparation for the partnership [3]. - The two parties engaged in in-depth discussions on cooperation directions such as investment-loan linkage and financial service innovation, expressing a mutual desire to deepen collaboration for regional financial development [3][7]. Group 2 - The signing of the strategic cooperation agreement and party-building agreement marks the beginning of a new chapter in deep collaboration aimed at serving the real economy and optimizing the financial ecosystem [6][7]. - This partnership is seen as a practical implementation of corporate social responsibility and a strategic choice for sharing local financial strength and state-owned capital resources, emphasizing the importance of synergy and mutual promotion of business [7]. - Moving forward, both parties plan to utilize their respective strengths and resources under the guidance of party leadership to enhance collaborative innovation and explore new ways to serve the real economy [7].

Core Insights - The establishment of bank-affiliated Asset Investment Companies (AICs) is aimed at addressing the issues of "lack of long-term capital" and "insufficient resources" in the industry, directing financial capital towards technology enterprises to support innovation and new industry development [1][8] Group 1: AIC Establishment and Operations - The recent opening of 招银投资 (Zhaoyin Investment) by 招商银行 (China Merchants Bank) marks a significant step in the acceleration of AICs, with a registered capital of 150 billion yuan [3][4] - Other banks, such as 兴业银行 (Industrial Bank) and 中信银行 (CITIC Bank), have also established their AICs, with registered capitals of 100 billion yuan each [4][3] - AICs are expected to play a crucial role in the technology finance market, providing stable capital support for technology enterprises [2][8] Group 2: Business Models and Funding Sources - 招银投资's business models include debt-to-equity swaps, equity-for-debt exchanges, asset management product issuance, and private equity fund establishment [3][4] - Funding sources for AICs include registered capital, targeted reserve requirement funds from the People's Bank of China, interbank borrowing, and issuance of private asset management products [3][4] Group 3: Market Dynamics and Trends - The AIC market is evolving from being dominated by state-owned banks to a more diversified landscape with the entry of joint-stock banks, which is expected to reshape competition [10] - AICs are increasingly seen as a new force in supporting technology enterprises, with significant capital being mobilized across various regions [7][8] - The investment focus of AICs is primarily on sectors such as semiconductors, new energy, biomedicine, intelligent manufacturing, and artificial intelligence [7][8] Group 4: Challenges and Future Outlook - The AIC model in China is still in its early stages and faces challenges such as immature market investment mechanisms, limited exit channels, and the need for improved research and risk management capabilities [12] - There is a growing emphasis on integrating "patient capital" with traditional banking capabilities to better serve technology innovation [10][12]