Core Viewpoint - "Hard technology" companies in China are facing unprecedented opportunities and challenges in the wave of technological innovation, supported by financial institutions throughout their development stages [1] Financial Support for Technology Innovation - Financial institutions have provided tailored financial services across the lifecycle of "hard technology" companies, from inclusive loans for startups to cross-border financial services for mature companies [1] - The financial system has actively implemented national strategies to support technological innovation, resulting in a significant increase in loans to technology-based SMEs, reaching a balance of 3.3 trillion yuan, with a year-on-year growth of 24% [4] Case Studies of Financial Support - UBTECH Robotics, known as the "first humanoid robot stock," received a 10 million yuan inclusive loan from China Bank during its startup phase, which was crucial for its growth [3] - Longsi Technology faced funding pressures during its product development phase but received timely support from China Bank's "Tech Innovation Loan," which provided unsecured loans [7] - JingTai Technology received 150 million yuan in "Tech Innovation Loans" from China Bank in 2022, which significantly supported its daily operations and R&D [8] Innovation in Financial Services - Shenzhen has seen continuous innovation in financial services, with institutions launching products like "Tech Startup Pass" and "Soaring Loan" to cater to high-growth technology companies [6] - By the first quarter of this year, the loan balance for technology-based enterprises in Shenzhen reached 1.23 trillion yuan, ranking among the highest in the country [6] Expanding Market Opportunities - In response to external changes, technology companies are accelerating innovation and domestic substitution, with 2025 recognized as a pivotal year for humanoid robot commercialization [10] - Multi-tiered capital markets are becoming fertile ground for the growth of technology innovation companies, with various boards supporting strategic emerging industries [10] International Expansion - Technology companies are increasingly looking to expand into overseas markets, with plans to accelerate business development in regions like Europe and the Middle East [11] - Cross-border financial services from institutions like China Bank have been essential for companies like Yujiang Technology in their global expansion efforts [11]

Group 1 - The core viewpoint emphasizes the significant opportunities and challenges faced by "hard technology" companies in China, highlighting the essential role of financial institutions in providing tailored financial services throughout the company's lifecycle [1][2][3] - Financial institutions have actively implemented national strategies to support technological innovation, resulting in a continuous increase in loans to technology-based SMEs, with a loan balance of 3.3 trillion yuan as of March 2025, reflecting a year-on-year growth of 24% [3][4] - The development of innovative financial services, such as "Tech Startup Pass" and "Soaring Loan," has been promoted in Shenzhen, leading to a loan balance of 1.23 trillion yuan for technology companies, positioning Shenzhen as a leader in this sector [4][5] Group 2 - The support from capital markets has been crucial for companies like UBTECH Robotics, which has transformed from a startup to a leading enterprise in the robotics industry, benefiting from significant financial backing during its growth [2][6] - Financial institutions have adjusted their lending practices to support unprofitable tech startups, with banks like China Bank providing unsecured loans to facilitate their growth [5][6] - The introduction of a specialized evaluation model for tech companies by China Bank has enhanced the approval process for loans, particularly for AI-related enterprises, indicating a proactive approach to risk management [6][7] Group 3 - In response to external market changes, technology companies are accelerating innovation and exploring overseas markets, with plans to expand into regions like Europe and the Middle East [7][8] - The establishment of a "Technology Board" in the bond market aims to improve the efficiency of issuing technology innovation bonds, addressing the structural mismatch between traditional credit and the needs of tech innovation [7][8] - Companies like Yujiang Technology have successfully expanded their global presence, supported by comprehensive cross-border financial services from institutions like China Bank, which assist in international investment and capital management [8][9]