Core Viewpoint - The article discusses the recent issuance of the "Several Policy Measures to Accelerate the Construction of a Technology Finance System" by multiple Chinese regulatory bodies, aiming to enhance the synergy between technology and finance to support high-level technological self-reliance and strength. Group 1: Policy Framework and Objectives - The "Several Policy Measures" focus on seven areas including venture capital, monetary credit, capital markets, technology insurance, and bond markets, proposing 15 policy measures that include both upgrades to existing policies and innovative new measures [1][3]. - The measures aim to establish a long-term financial support mechanism for technological innovation, enhance financing arrangements for major national technology tasks, and address the financing difficulties faced by technology-based SMEs [3][4]. Group 2: Financial Support Mechanisms - The People's Bank of China has increased the scale of re-loans for technological innovation from 500 billion to 800 billion yuan and reduced the re-loan interest rate from 1.75% to 1.5% to provide more substantial and precise loan support for enterprises [4][5]. - A "Technology Board" in the bond market is being developed to facilitate the issuance of technology innovation bonds, with around 100 institutions already issuing bonds exceeding 250 billion yuan [5][9]. Group 3: Capital Market Role - The capital market is emphasized as a key hub for supporting technological innovation, with measures to optimize the environment for domestic listings of technology companies and enhance the functions of various market segments [8][9]. - Specific policies are being implemented to support high-quality technology companies, including a "green channel" for those breaking through key core technologies and promoting mergers and acquisitions in the technology sector [9][10]. Group 4: Financial Ecosystem Development - The article highlights the need to cultivate a comprehensive technology finance ecosystem by promoting collaboration among banks, insurance, securities, and equity investment institutions [5][6]. - Financial institutions are encouraged to adopt differentiated strategies for technology finance, including the establishment of independent management mechanisms and the use of technology enterprise innovation points to improve loan approval rates [6][7].

Core Viewpoint - The recent policy measures aim to accelerate the construction of a technology finance system to support high-level technological self-reliance and innovation in China, shifting focus from financial supply-side to technology innovation demand-side [1] Group 1: Capital Market Highlights - The establishment of a "green channel" mechanism for technology enterprises in the capital market, enhancing the reform of the Sci-Tech Innovation Board and the Growth Enterprise Market to provide better institutional support for innovation [1] - The introduction of a "technology board" in the bond market to raise long-term, low-interest, and easily accessible bond funds for technological innovation [1] Group 2: Bond Market Developments - Nearly 100 institutions have issued technology innovation bonds, with a total scale exceeding 250 billion yuan [2] - The People's Bank of China has increased the scale of re-loans for technological innovation and technological transformation from 500 billion yuan to 800 billion yuan, while reducing the re-loan interest rate from 1.75% to 1.5% [2] Group 3: Regional Innovation Practices - The policy encourages regional technology finance innovation practices, with 13 key areas identified for pilot programs, including Beijing and Shanghai, to address key challenges in technology finance [3] - Local governments and financial institutions are encouraged to explore unique innovative practices in technology finance, creating replicable and promotable experiences [3] Group 4: Enhancing Financial Environment - The People's Bank of China plans to optimize the technology finance development environment by improving the efficiency of government-bank-enterprise connections and launching an upgraded version of the "innovation points system" [3] - There will be an emphasis on accelerating the sharing of public technology information and increasing risk compensation measures to support technology enterprises [3]

近日，科技部等七部门联合印发《加快构建科技金融体制有力支撑高水平科技自立自强的若干政策举 措》（下称《政策举措》）。为推动《政策举措》落地实施和尽早见效，科技部与"一行一局一会"有关 负责人在5月22日召开的国新办发布会上介绍一系列配套支持措施，明确将进一步优化科技金融发展环 境。证监会有关负责人表示，针对科技企业的特点，用好用足现有制度，更大力度支持优质的未盈利科 技企业上市。 近年来，金融管理部门与科技部不断健全政策框架，科技金融的"四梁八柱"已基本搭建完成，多元金融 体系初步形成。截至今年3月末，科技型中小企业贷款余额已超过3.3万亿元，同比增长24%，连续3年 增速超过20%；银行间债券市场投向科创企业领域余额突破1万亿元，在A股上市的"专精特新"企业已超 过1900家。 为推动《政策举措》得到真正落实，中国人民银行副行长、国家外汇管理局局长朱鹤新在发布会上介 绍，人民银行将提升科技贷款的投放强度和服务能力，建设债券市场"科技板"，培育完善科技金融生态 体系。加强科技型企业跨境金融服务，稳步推进合格境外有限合伙人（QFLP）试点、跨境融资便利化 试点。 "推进科技金融工作，光有政策举措还是不够的，还要 ...

新华社北京5月22日电 题：推动科技和金融"双向奔赴"——四部门详解15项科技金融政策举措 新华社记者温竞华、吴雨 科技创新离不开金融的支持。科技部、中国人民银行等七部门近日联合印发《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》，为科技创新提供全生命周期、全链条的金融服务。 文件部署了哪些科技金融政策举措？如何促进政策红利充分释放？在22日举行的国新办新闻发布会上， 科技部、中国人民银行、金融监管总局、中国证监会四部门有关负责人详细解答了相关问题。 郭武平在发布会上介绍了金融监管总局四项试点工作的推进情况：金融资产投资公司股权投资试点范围 扩大至全国18个试点城市及其所在省份，保险资金长期投资改革试点近期将批复第三批600亿元试点规 模，科技企业并购贷款试点延长贷款期限、提升贷款占比，知识产权金融生态综合试点解决知识产权登 记、评估、处置等方面的难题…… 为科技创新需求提供多元化、接力式金融支持 当前，推动高质量发展和应对外部风险挑战都需要加快实现高水平科技自立自强，这对金融供给提出了 更高要求。 科技部副部长邱勇介绍，文件从科技创新需求侧出发，聚焦科技创新重点领域和薄弱环节的融资需求， ...

Group 1: Policy Initiatives - The recent policy measures focus on seven areas including venture capital, monetary credit, capital markets, technology insurance, and bond markets, proposing 15 specific initiatives [1] - Key initiatives include establishing a "National Venture Capital Guidance Fund" to encourage early, small, long-term investments in hard technology [1] - The policy aims to enhance credit support for technology enterprises through structural monetary policy tools and to leverage capital markets for direct financing [1] Group 2: Financial Support Mechanisms - The Ministry of Science and Technology aims to create a long-term financial support mechanism for technological innovation and address the financing difficulties faced by small and medium-sized technology enterprises [2] - The People's Bank of China emphasizes the importance of supporting top-tier equity investment institutions in issuing bonds to promote innovation capital formation [4][5] - The central bank plans to enhance cross-border financial services for technology enterprises and promote the Qualified Foreign Limited Partner (QFLP) pilot program [6] Group 3: Regional Focus and Implementation - The policy encourages targeted regional innovation practices in major technology innovation centers such as Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area [3] - Local governments and financial institutions are urged to actively explore unique innovative practices that can be replicated and promoted [3] Group 4: Insurance and Risk Management - The financial regulatory authority is promoting technology insurance to provide risk coverage for technology achievements and enhance the financial service mechanism for technology enterprises [8][10] - The authority is also working on a high-quality development policy for technology insurance to better leverage the insurance industry's risk compensation and funding capabilities [11] Group 5: Capital Market Regulations - The China Securities Regulatory Commission is committed to enhancing the safety and regulatory compliance of funds raised by listed companies, ensuring funds are used for their intended purposes [12] - The commission supports the return of quality red-chip technology companies to domestic listings and aims to optimize the listing environment for technology enterprises [13][14]

具体来看，一是要提升政银企对接效率。对点多面广的广大科技型中小企业，通过在全国范围内推 广"创新积分制"，并优化创新积分评价办法，为科技型中小企业精准画像，旨在帮助金融机构准确识别 和挖掘更多科技含量的企业，让金融活水流入到科技型中小企业中去。 （文章来源：新华财经） "而对于一些国家重大的科技任务，我们将建立融资对接推荐机制，推动科技产业部门梳理重点项目和 企业信息，引导金融机构'点对点'地提供多元的融资支持。"朱鹤新说。 二是加快科技公共信息开放共享。人民银行将联合科技部加强科技公共信息共享的政策指引，为各地扩 大科技信息共享提供标准。同时，利用地方征信平台和有关金融服务信息平台等渠道，加强公共数据、 产业数据等各类信息的归集整合，创新数据授权运用和查询获取方式，为金融机构投融资决策提供信息 数据的支撑。 新华财经北京5月22日电（记者翟卓闫鹏）中国人民银行副行长朱鹤新22日在国新办新闻发布会上表 示，推进科技金融工作，不光要有政策举措，还要有配套措施，下一步将从加快科技公共信息开放共享 等三方面下功夫，进一步优化科技金融发展环境。 三是推动加大科技金融风险的补偿力度。在朱鹤新看来，财政政策对激励引导金融 ...

近日，科技部会同中国人民银行、国家金融监管总局、中国证监会、国家发展改革委、财政部、国务院 国资委等七部门联合印发了《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》 （以下简称《政策举措》），旨在通过系统性部署和安排，加快突破金融支持高水平科技自立自强的难 点堵点，为科技创新提供强有力的金融支撑。 5月22日下午，国务院新闻办公室举行新闻发布会，科技部副部长丘勇围绕《政策举措》出台背景和重 点内容进行了详细介绍，中国人民银行副行长兼国家外汇局局长朱鹤新、金融监管总局新闻发言人及政 策研究司司长郭武平、中国证监会首席风险官兼发行司司长严伯进参会并现场回答了记者的提问。 对于政策制定背景，丘勇介绍，党的二十届三中全会明确指出，要构建与科技创新相适应的科技金融体 制，加强对国家重大科技任务和中小型企业的金融支持。中央金融工作会以及去年6月份召开的全国科 技大会也强调，要做好科技金融这篇大文章，引导金融资本投资早、投小、长期投硬科技。在此背景 下，七部门联合印发《政策举措》，旨在以科技创新需求侧为牵引，加快突破金融支持科技创新的难点 堵点，推动科技金融体制的系统性改革。 丘勇在发布会上表示，这次印发 ...

2025年5月22日（星期四）下午，国务院新闻办公室举行新闻发布会，请科技部副部长邱勇，中国人民银行副行 长、国家外汇局局长朱鹤新，金融监管总局新闻发言人、政策研究司司长郭武平，中国证监会首席风险官、发行 监管司司长严伯进介绍科技金融政策有关情况，并答记者问。 证券时报记者提问："我们看到 《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》中有一些关 于科技金融的配套政策，请问接下来将会从哪些方面推动这些举措的落实落细？" END 朱鹤新表示，推进科技金融工作，光有政策举措还是不够的，还要有一些配套措施才能发挥更大的作用。下一步在进 一步优化科技金融发展环境上还要下功夫，具体体现在三个方面： 一是要提升政银企对接的效率。对点多面广的广大科技型中小企业，通过在全国范围内推广"创新积分制"，并优化创 新积分评价办法，为科技型中小企业精准画像，主要目的是帮助金融机构准确识别和挖掘更多科技含量的企业，让金 融活水流入到我们科技型中小企业当中去。对于一些国家重大的科技任务，我们将建立融资对接推荐机制，推动科技 产业部门梳理重点项目和企业信息，引导金融机构"点对点"地提供多元的融资支持。这是分了两块，一块 ...

四部门重磅发声。 2025年5月22日（星期四）下午，国务院新闻办公室举行新闻发布会，请科技部副部长邱勇，中国人民银行副 行长、国家外汇局局长朱鹤新，金融监管总局新闻发言人、政策研究司司长郭武平，中国证监会首席风险官、 发行监管司司长严伯进介绍科技金融政策有关情况，并答记者问。 朱鹤新在回答证券时报记者提问时表示，希望推动加大科技金融的风险补偿力度。财政政策对于激励引导金融 机构支持科技创新具有重要作用。央行将配合好财政部门，用好用足贷款贴息、风险补偿等政策，有效发挥政 府性融资担保体系的作用。 来看看发布会具体内容： 科技部 将充分发挥牵头部门作用 进一步细化构建科技金融体制任务分工 邱勇表示，近期七部门发布的《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》（以 下简称《政策举措》）是实现科技和金融"双向奔赴"的基础性、引领性制度安排，科技部将充分发挥牵头部门 作用，进一步细化任务分工，明确实施节点，推动《政策举措》的落地实施和尽早见效。 科技金融机制要求强化科技与金融协同、央地联动 发挥财税政策对金融投资的引导作用 邱勇表示，发展科技金融是一项复杂的系统工程，需要各方协同发力，要求强化科 ...

Group 1 - The core viewpoint of the article is the introduction of a comprehensive set of 15 specific policies aimed at addressing the shortcomings in China's technology financing system, focusing on "full-chain coverage, multi-level collaboration, and localized innovation" [1][2][3] - The establishment of a "National Venture Capital Guidance Fund" is intended to leverage government funds to attract more social capital into the technology innovation sector, while optimizing the evaluation mechanism for state-owned venture capital [1][2] - The "Innovation Points System" proposed in the policies aims to quantify the innovation capabilities of small and medium-sized technology enterprises using big data and AI, thereby reducing financing costs and alleviating the financial burden on these companies [2][3] Group 2 - The policies emphasize the need for a combination strategy of "patient capital injection, precise tool adaptation, and open ecological collaboration" to strengthen financial support for strategic emerging industries and future industries [3] - To address regional and industrial resource allocation imbalances, the policies propose the establishment of regional pilot zones and the use of special bonds and technology insurance trials to enhance regional development [3][4] - The article highlights the importance of creating a supportive environment for technology enterprises to overcome the "valley of death" in their growth, promoting a transition of financial capital towards "patient capital" [3][4] Group 3 - The article points out potential systemic imbalances in the implementation of technology finance policies due to their cross-departmental and multi-functional nature, which may lead to issues such as policy fragmentation and lack of coordination [4][5] - It emphasizes the need for a national technology finance data platform to support the evaluation of intellectual property and credit systems, which are crucial for the success of financial products like intellectual property pledge loans [5][6] - The article warns against the over-reliance on traditional financial incentives such as subsidies and tax breaks, advocating for institutional innovations to foster a market-driven approach to technology financing [6]