Core Viewpoint - The forum highlighted the increasing role of financial empowerment in the development of the technology service industry, which is seen as a new growth area for the economy [1][3]. Group 1: Industry Development - The technology service industry in China has shown positive growth, with enterprises achieving an average annual revenue growth of 12.3% from 2019 to 2023 [3]. - The transaction value of technology contracts exceeded 6.8 trillion in 2024, surpassing the goals set in the 14th Five-Year Plan [3]. - Beijing has a strong foundation for developing the technology service industry, with 145 national key laboratories, accounting for nearly 30% of the total in the country [4]. Group 2: Financial Support and Innovation - Financial institutions, such as the Bank of Communications, have explored various service models to support the integration of technology and industry, with a total financing scale in the technology sector exceeding 1.7 trillion [5]. - The bank has introduced innovative credit products and utilized big data to assess enterprise needs, creating a comprehensive service matrix that includes equity, debt, and leasing [5]. - The forum emphasized the importance of product innovation and the need for a full-chain financial support system for the technology service industry [5]. Group 3: Collaborative Initiatives - The forum launched the "Torch Entrepreneurship Incubation Cooperation Network" and introduced various platforms aimed at facilitating technology transfer and innovation [8]. - Discussions included the role of Hong Kong in providing international support for mainland enterprises and the need for sustained capital support for the industrialization of new technologies [6]. - The event was co-hosted by the Ministry of Industry and Information Technology and the Bank of Communications, indicating a collaborative approach to fostering the technology service sector [9].

Core Insights - The 2025 Financial Street Forum focused on "Financial Empowerment for High-Quality Development of the Technology Service Industry," highlighting the increasing role of finance in enhancing the technology service sector in China [1][2]. Group 1: Industry Development - The technology service industry has seen significant growth, with enterprises achieving an average annual revenue growth of 12.3% from 2019 to 2023 [1]. - The transaction volume of technology contracts exceeded 6.8 trillion in 2024, surpassing the "14th Five-Year Plan" target ahead of schedule [1]. Group 2: Government Initiatives - The Ministry of Industry and Information Technology aims to promote high-quality development in the technology service sector through various measures, including enhancing mechanisms for technology market integration and reforming technology achievement payment systems [2]. - Plans include building a national unified technology trading service platform and fostering a professional team of technology managers to create a conducive environment for industry growth [2]. Group 3: Financial Sector Involvement - The Bank of Communications has surpassed 1.7 trillion in total financing for the technology sector, emphasizing the importance of innovative credit products and data-driven decision-making [3]. - The bank aims to create a comprehensive service matrix that includes equity, debt, leasing, and custodial services to support the technology service industry [3]. Group 4: Collaborative Efforts - Various stakeholders, including government, industry, and academia, discussed the importance of a virtuous cycle between technology, industry, and finance during the forum [4]. - The establishment of the "Technology Achievement Transformation Zone" and the launch of the "Torch Entrepreneurship Incubation Collaborative Network" were key highlights of the event [5]. Group 5: International Perspectives - Experts emphasized the need for long-term capital support for the industrialization of new technologies and the role of international networks in helping domestic companies explore new growth avenues [4][6].

Core Viewpoint - The president of Bank of Communications, Zhang Baojiang, emphasized the importance of the technology service industry as a high-intelligence and high-value-added segment of the modern industrial system, highlighting the bank's efforts in integrating technological innovation with industrial innovation, with a total financing scale in the technology sector exceeding 1.7 trillion yuan [2]. Group 1: Financial Products and Services - The bank has introduced innovative credit products to address financing challenges in the technology service sector, including the "Kechuang Yidai" product line tailored for different stages of enterprise development [3]. - For startups, the bank has launched the "Jiaoyin Talent Loan" to address funding issues from the initial stage, focusing on the qualifications of core founding teams [3]. - For growing enterprises, the bank offers personalized and intelligent "Technology Scenario Loans" to support rapid development and transformation [3]. - For mature enterprises, a green approval channel for key industries has been established, utilizing both online and offline methods to meet diverse needs [3]. Group 2: Data Empowerment and Business Support - The bank is shifting its focus from static operational data to dynamic business behaviors such as R&D investment and human capital, aiming to evaluate the technological content of enterprises from multiple dimensions [3]. - The "Proactive Credit" service model has been innovated, leveraging big data and privacy computing technologies to accurately assess enterprise needs and pre-calculate credit limits, enhancing the accessibility of financing for businesses [3]. Group 3: Integrated Service System - The bank is leveraging its full financial license advantages to create an integrated service matrix that includes core products such as equity, debt, loans, leasing, and custody, providing over 200 billion yuan in funding support for the technology sector [4]. Group 4: Collaborative Ecosystem Development - The bank is collaborating with the Torch Center of the Ministry of Industry and Information Technology to establish a joint laboratory, focusing on data empowerment, scenario innovation, and ecosystem co-construction, thereby increasing support for high-tech parks, quality incubators, and technology enterprises [4].