Group 1 - The core viewpoint of the news is the introduction of a new policy initiative aimed at accelerating the construction of a technology finance system to support high-level technological self-reliance and innovation in China [1][2][3] - The policy initiative includes 15 measures across 7 areas, focusing on venture capital, bank credit, capital markets, technology insurance, fiscal policies, central-local collaboration, and creating an open innovation ecosystem for technology finance [1][2] - A notable measure is the establishment of a "National Venture Capital Guidance Fund" to promote the growth of technology-based enterprises and support the development of strategic emerging industries [1][2] Group 2 - The initiative emphasizes the importance of bank credit in supporting technological innovation, encouraging financial institutions to increase support for major national technology tasks and technology-based SMEs [2][3] - It proposes a special mechanism for bank credit support for technology innovation, including the establishment of identification standards for technology-based enterprises and a recommendation mechanism to facilitate effective support from financial institutions [2] - The policy also highlights the role of capital markets in supporting technology innovation, advocating for a counter-cyclical adjustment mechanism for new stock issuances and prioritizing financing for technology-based enterprises that achieve core technological breakthroughs [2][3] Group 3 - The initiative outlines the role of technology insurance as a stabilizing factor in supporting innovation, proposing the development of a comprehensive insurance product and service system covering the entire lifecycle of technology-based enterprises [2][3] - It encourages the participation of insurance funds in implementing major national technology tasks and explores risk-sharing pilot projects in key technology areas [2][3] - The policy aims to leverage fiscal policies to mobilize more financial resources for technology innovation, utilizing existing loan interest subsidies, insurance subsidies, and risk compensation policies [3] Group 4 - The initiative promotes central-local collaboration in advancing national technology finance efforts, including the establishment of innovation point systems and the implementation of special guarantee plans linked to technology innovation [3] - It supports foreign investment in domestic technology-based enterprises and the lawful overseas listing of technology-based companies [3] - A coordinated mechanism among the People's Bank of China, the Ministry of Science and Technology, and other regulatory bodies will be established to enhance policy coordination and information sharing in technology finance [3]

Core Viewpoint - The article discusses the release of a set of policy measures aimed at enhancing the technology finance system in China to support high-level technological self-reliance and strength, focusing on various financial tools to meet the financing needs of technology enterprises throughout their lifecycle [1][3]. Group 1: Policy Measures Overview - The policy measures emphasize a problem-oriented approach, focusing on major national technology strategies and enhancing financial support for significant technological tasks and small and medium-sized technology enterprises [1][2]. - A total of 15 specific policy measures are outlined, targeting areas such as venture capital, monetary credit, capital markets, and technology insurance to bolster technological innovation [1][2]. Group 2: Venture Capital and Monetary Support - The measures aim to leverage venture capital as a driving force for technological innovation, encouraging the development of private equity secondary market funds and supporting venture capital and industrial investment through bond financing [2]. - Monetary credit will be optimized to support technological innovation, including structural monetary policy tools and encouraging banks to explore long-term performance assessment for technology innovation loans [2][3]. Group 3: Capital Market and Insurance Support - The capital market is identified as a key hub for supporting technological innovation, with priorities set for technology enterprises that achieve critical technological breakthroughs to access public financing [2]. - Technology insurance is proposed to act as a stabilizer, with plans to develop high-quality technology insurance and explore risk-sharing mechanisms for major technological challenges [2][3]. Group 4: Fiscal Policy and Regional Coordination - The policy measures call for enhanced fiscal policy guidance, utilizing tools like loan interest subsidies and risk compensation to support enterprise innovation [3]. - There is an emphasis on regional collaboration to promote innovation in technology finance, including pilot programs and evaluation of regional implementation effectiveness [3]. Group 5: Implementation and Future Steps - The article concludes with a commitment from seven departments, including the Ministry of Science and Technology and the People's Bank of China, to organize and implement these measures effectively, ensuring financial support for achieving technological self-reliance and building a strong technological nation [3].