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单个项目最高允许全亏!武汉推动科技金融发展放大招
Sou Hu Cai Jing· 2025-06-15 12:46
Core Viewpoint - The Wuhan Municipal Government has released an action plan to promote high-quality development of technology finance, aiming to establish a diversified financial service system that aligns with technological innovation throughout the entire lifecycle of tech enterprises [1] Group 1: Action Plan Overview - The action plan outlines five major areas of focus, emphasizing a work approach that includes equity investment as guidance, debt financing for credit enhancement, and multi-tiered capital market public fundraising for cultivation [1] - By 2027, the plan aims to establish over 50 specialized technology financial institutions, with equity investment fund scale exceeding 300 billion yuan and loans to tech enterprises surpassing 500 billion yuan [1] Group 2: Government Investment Fund Role - The plan highlights the need to strengthen the guiding role of government investment funds, increasing their participation in seed and angel funds to over 50% [2] - Government investment funds are required to invest at least 20% of the new investment amount in seed and angel funds or directly in tech innovation projects [2] Group 3: Long-term Capital Sources - The plan aims to broaden the sources of long-term capital for tech innovation by utilizing financial asset investment company (AIC) equity investment pilot policies and attracting insurance funds [2] - It encourages the establishment of a matrix of technology innovation funds, including seed funds, angel funds, industry funds, and merger funds [2] Group 4: Evaluation Mechanism - The plan optimizes the evaluation mechanism for government investment funds, focusing on the entire fund lifecycle rather than individual fund or project performance [3] - A fault-tolerant mechanism is established to exempt funds from liability due to unforeseen circumstances affecting investment outcomes [3] Group 5: Technology Credit Quality Improvement - The plan promotes the establishment of a specialized service system for technology credit, expanding the scale of technology credit issuance and innovating technology credit products [3] - It encourages commercial banks to set up specialized technology financial institutions to provide comprehensive services for tech enterprises [3] Group 6: Capital Market Development - The plan emphasizes the need to strengthen the cultivation of tech enterprises for listing, collaborating with Shenzhen Stock Exchange to create a comprehensive service platform for prospective listed companies [4] - It supports the listing of tech enterprises that achieve key technological breakthroughs and encourages mergers and acquisitions among tech firms [4]
稳定币迎巨头玩家!蚂蚁金服概念午后“大躁动”,最强暴力拉升98%
Ge Long Hui· 2025-06-12 10:25
港股全天低迷之际,蚂蚁金服概念午后突现"大躁动"。 受蚂蚁国际消息的刺激,今日午后港股云锋金融突然直线拉升,一度暴力飙涨98%;耀才证券金融也大 幅走高,一度涨超14%。 截至收盘,两者涨幅虽有所回落,但仍显强劲。 其中,云锋金融收涨54%报2.73港元,总市值105.6亿港元;耀才证券金融收涨11%报8.3港元,总市值 140.88亿港元。 年初至今,两家公司的股价走势整体表现也十分亮眼,分别累涨了162%、264%。 蚂蚁国际重磅! 眼下,科技巨头们稳定币牌照争夺战眼下一触即发。 今天"蚂蚁国际申请稳定币牌照"一事引发市场热议。 据消息称,蚂蚁国际将在《稳定币条例》8月1日生效后,尽快向香港金管局递交稳定币发行牌照申请; 另外公司还计划在新加坡和卢森堡申请牌照。 随后,蚂蚁国际也火速回应表示,将尽快在香港相关同道开启后提交申请。 "我们欢迎香港立法会通过《稳定币条例草案》,将于法案8月1日生效、相关通道开启后尽 快提交申请,希望为香港建设未来国际金融中心贡献更多力量。" 若其中有一半可落实在稳定币应用,其自身存量业务中的稳定币交易量规模即可达1500亿美元以上。 作为蚂蚁集团旗下的国际子公司,蚂蚁国际闯入 ...
复兴岛之夜,“一岛两翼”弯弓满弦
Sou Hu Cai Jing· 2025-06-10 09:25
6月9日晚,复兴岛船台公园。1000架无人机带来的光影秀与百年工业遗迹交相辉映,主题为"涌现"的2025杨浦全球推 介大会在这里举行。这座1.3平方公里的"战略棋眼",联动杨浦滨江"一岛两翼"空间布局,释放14幅、34公顷优质地 块,承载美团、B站等千亿级数字经济总部集群,锚定在线新经济、智能制造、创意设计三大千亿产业目标,向全球 递出"人民城市最佳实践地"的崭新名片。 在上海市"五个中心"建设的宏大叙事中,杨浦滨江被赋予"大衣料子"的使命。其"一岛两翼"的空间战略,恰似围棋中 的"三连星"布局:以复兴岛为"天元",北翼中北段与南翼南段为"星位",构建起覆盖8平方公里的创新矩阵。杨浦区委 书记薛侃致辞时发出邀约:"我们站在以复兴为名的地方,向大家发出'杨浦之约',共乘复兴之势,把握创新之机,同 赴未来之约。" 空间落子如棋,布局未来增长 复兴岛是棋眼,打造最年轻、最可持续、最智能的1平方公里。复兴岛正在围绕建设美好生活的"人民岛"、智慧智能 的"数字岛"、时尚创意的"设计岛"的目标加快推进,由此将带动杨浦滨江中北段的土地空间加速释放,蝶变转型为创 新生态实验场、未来产业领航地、复合功能先导区,致力打造中国式现 ...
加快构建科技金融新体制 支撑高水平科技自立自强
Jin Rong Shi Bao· 2025-06-09 03:23
Core Viewpoint - The document emphasizes the critical role of technology finance in supporting high-level technological self-reliance and innovation in China, highlighting the issuance of a policy document by seven government departments aimed at addressing structural contradictions between technological innovation and financial services [1]. Group 1: Current Challenges in Technology Finance - The technology finance system in China faces several bottlenecks, including mismatches between the supply of technology finance and the actual needs of technology enterprises, particularly for high-risk, high-investment, and light-asset "hard technology" companies [2][3]. - There is a low proportion of direct financing, especially equity financing, in the financial structure, which does not align well with the high-risk, high-reward nature of technological innovation [3][4]. - Insufficient policy coordination and an imperfect ecological environment hinder the overall effectiveness of technology finance, with a lack of interdisciplinary talent further complicating the situation [4]. Group 2: Strategic Deployment and Core Ideas - The policy document aims to construct a technology finance system that aligns with technological innovation, proposing a series of targeted strategic deployments to provide comprehensive financial services throughout the lifecycle of technology innovation [5][6]. - The establishment of a "National Venture Capital Guidance Fund" is proposed to support the growth of technology enterprises and promote the transformation of significant technological achievements, potentially mobilizing nearly one trillion yuan in local and social capital [5][6]. - The document encourages the expansion of venture capital sources and the participation of various financial institutions in supporting technology innovation through direct financing methods [6][7]. Group 3: Key Policy Measures - The policy emphasizes the need for monetary credit support for technology innovation, advocating for the use of structural monetary policy tools to enhance credit support for key technological projects and small technology enterprises [7][8]. - It calls for strengthening the capital market's role in supporting technology innovation, including enhancing mechanisms for new stock issuance and supporting the listing of technology enterprises with key technological breakthroughs [8][9]. - The document highlights the importance of technology insurance as a stabilizing factor, proposing the development of insurance products that cover the entire lifecycle of technology enterprises [9]. Group 4: Implementation and Coordination - Successful implementation of the policy requires effective coordination among various government departments and the establishment of a dynamic identification mechanism for "technology enterprises" [10][11]. - The document stresses the importance of market-oriented and efficient operation of government guidance funds and policy tools to ensure effective use of financial resources [11][12]. - Building a comprehensive technology finance ecosystem is essential for sustainable policy development, with a focus on cultivating interdisciplinary talent to address the talent gap in the sector [12].
中国光谷启动科创金融“伙伴工程”助企融资
Zhong Guo Xin Wen Wang· 2025-06-06 07:40
Group 1 - The core idea of the news is the launch of the "Innovation Finance Partnership Project" in Wuhan's East Lake High-tech Zone, aimed at addressing financing challenges for startup technology companies [1][2]. - The project focuses on the "0-1" stage of technology enterprises, establishing a database of technology seedling companies with technical and intellectual property value, and implementing risk-sharing mechanisms to encourage financial institutions to lend [2][3]. - The initiative will select 400 promising startup technology companies for a "seedling enterprise database" and introduce a specialized credit product called "Seedling Partner Loan + Equity Rights," with an annual financing target of no less than 600 million yuan [2][3]. Group 2 - The project includes a risk compensation fund to create a sustainable operation loop of "financial support - enterprise growth - revenue recovery," allowing partners to share risks and rewards [3]. - Since its establishment, the East Lake High-tech Zone has nurtured 158,000 innovative enterprises, 5,821 high-tech companies, and 549 gazelle enterprises, and has become the first national demonstration zone for technology insurance innovation [3]. - The region has attracted over 1,100 technology financial institutions, including private equity fund managers and various funds, forming a comprehensive financing chain for technology enterprises throughout their lifecycle [3].
6月6日|财经简报 中美贸易冲突升级 美股暴跌 马斯克与特朗普公开互怼
Sou Hu Cai Jing· 2025-06-06 03:02
以下是2025年6月6日财经热点的综合分析,结合政策、市场、国际事件及行业动态: --- 1. 央行超预期流动性投放 中国人民银行宣布开展 1万亿元3个月期买断式逆回购操作,为历史单日最高规模,旨在维持市场流动性充裕,对冲6月到期的 1.2万亿元逆回购资金。这是央行首次在月初预告大规模逆回购操作,释放宽松信号,利好股市资金面。 2. 欧洲央行降息与政策转向 欧洲央行将三大关键利率下调25个基点,为连续第八次降息,但暗示宽松周期可能暂停。行长拉加德表示,通胀已接近目标 (1.6%),未来政策将依赖经济数据。市场预期7月或暂停降息。 3. 美联储政策预期 美联储6月维持利率不变概率达97.5%,但7月降息预期升温至32%。非农数据(今晚公布)将影响降息节奏,若超预期可能压制 成长股估值。 --- 1. A股表现 - 指数震荡收涨:上证指数涨0.23%报3378.82点,深成指涨0.58%,创业板指涨1.17%,成交额1.3万亿元,量能显著提升。 - 板块分化: - 科技成长:AI算力(生益电子20%涨停)、光模块(太辰光涨14%)受英伟达市值登顶及政策催化;机器人板块(绿的谐波) 受政策预期提振。 - 港股新消费 ...
发展专利融资缓解中小科技企业融资难 | 金融与科技
清华金融评论· 2025-06-05 12:03
文/中国联合重型燃气轮机技术有限公司财务与资产部主任 杨龙 近年来,我国支持科技创新的金融政策不断完善,专利融资作为一 种创新融资方式,快速发展,为解决中小科技企业融资难提供了有 效途径。但我国专利市场发展历程较短,专利融资起步相对较晚, 相 较 科 技 创 新 的 巨 大 市 场 规 模 和 融 资 需 求 , 专 利 融 资 作 用 发 挥 不 足,面临着一些问题和挑战,需要进一步深入研究和探索有效的对 策。 在知识经济时代,科技创新已成为一国参与全球竞争的核心能力。专利作为创新成果的重要体现,不仅 代表着企业的核心竞争能力,也是企业经济价值的重要载体,专利资源的经济价值开发与运用对促进和 支持科技创新具有重要作用。近年来,我国支持科技创新的金融政策不断完善,专利融资作为一种创新 融资方式,快速发展,为解决中小科技企业融资难提供了有效途径。但我国专利市场发展历程较短,专 利融资起步相对较晚,相较科技创新的巨大市场规模和融资需求,专利融资作用发挥不足,面临着一些 问题和挑战,需要进一步深入研究和探索有效的对策。 发展专利融资意义重大 专利融资是科技创新的有效支撑。知识经济时代,新技术、新业态不断涌现,专利等 ...
发展专利融资缓解中小科技企业融资难 | 金融与科技
清华金融评论· 2025-06-05 12:03
政策支持体系不断完善。2006年以来,国务院陆续印发相关文件,鼓励各类金融机构开展知识产权质押 业务试点。2008年发布了《国家知识产权战略纲要》,引导企业采取知识产权转让、许可、质押等方式 实现知识产权的市场价值。2008—2010年三年时间,分三批次进行全国知识产权质押融资试点。近年 来,中央多个部门密集出台了多项政策文件,对知识产权质押融资业务的规模目标、配套政策、支持措 施等做出多方面的要求。我国知识产权质押融资工作正在逐步走上规范化、系统化轨道。各地方政府也 先后发布了与当地经济发展及金融环境相适应的各种法规、政策、办法,明确规定专利权融资的各个程 序及条件。 能有效改善中小科技企业融资困境。我国中小科技企业专利创新活跃。知识产权在中小企业专精特新发 展中发挥了重要作用。作为创新的重要参与者,中小科技企业创新成果通常能够较快地实现产业化应 用,但融资难矛盾也十分突出。有数据显示,尽管近年来科技型中小企业获贷率从不到15%快速上升, 但仍不足50%,获贷企业需求资金满足率总体偏低。推进专利融资,对中小科技企业意义重大。 2015年以来,我国专利融资市场呈逐年快速增长态势,2023年我国专利商标质押融资 ...
陪伴科技企业从“种子”到“根深叶茂”
Jin Rong Shi Bao· 2025-06-05 03:07
近日,科技部会同中国人民银行、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》,聚焦创 业投资、货币信贷、资本市场、科技保险、债券市场等七个方面,提出了15项政策举措。 业内专家表示,金融机构应尊重科技产业和科技企业的发展规律,围绕技术创新和产业升级的全生命周 期,有针对性地提供多样化的金融手段和工具。那么,作为金融机构的一员,信托公司应如何发挥好独 特功用? 聚焦股权投资服务初创期科技型企业 5月22日,在国新办新闻发布会上,金融监管总局新闻发言人、政策研究司司长郭武平表示,构建直接 融资与间接融资相互补充、政策性金融与商业性金融共同发力,各类金融机构各司其职、协调配合的科 技金融服务体系。资管机构和金融资产投资公司聚焦股权投资,投早、投小、投长期、投硬科技。 "对于尚处于初创和起步阶段的科技公司,在有效抵押物缺乏、银行贷款难以取得的情况下,信托可以 募集长期资金对其进行股权投资,形成耐心资本,扶持科创企业早期发展。"原中铁信托总经理,西南 财经大学兼职教授、博士生导师陈赤表示。 "科创私募股权投资是信托公司服务 ...
政策协同发力 释放稳市场稳预期强信号
Xin Hua She· 2025-05-28 10:47
Group 1 - The central political bureau meeting on April 25 emphasized the importance of stabilizing employment, enterprises, markets, and expectations, with "stabilizing markets" and "stabilizing expectations" being key focuses [1] - On May 7, a press conference announced a comprehensive financial policy package aimed at supporting market stability and expectations, including a reduction in policy interest rates and structural monetary policy tool rates [3][4] - The People's Bank of China implemented a reserve requirement ratio (RRR) cut of 0.5 percentage points for financial institutions, effective May 15, to further support economic stability [3][4] Group 2 - The recent interest rate and RRR cuts reflect a moderately accommodative monetary policy stance, aimed at stimulating financing demand from businesses and households, thereby boosting investment and consumption [4] - A joint initiative by multiple departments aims to provide comprehensive financial services for technological innovation, indicating a shift towards supporting tech financing through both credit and equity investments [6][7] Group 3 - The National Financial Supervision Administration announced measures to support small and micro enterprises, focusing on increasing financing supply, reducing costs, and improving efficiency [10] - Since the launch of the financing coordination mechanism, over 67 million businesses have been visited, resulting in loans totaling 12.6 trillion yuan [10] Group 4 - The central government is accelerating the construction of a unified national market to enhance domestic circulation and promote high-quality economic development [14] - A special action to standardize administrative law enforcement related to enterprises has been initiated, addressing prominent issues raised by businesses and ensuring their legal rights [16] Group 5 - Recent reforms have streamlined market access by reducing the number of items on the market access negative list to 106, facilitating easier entry for private enterprises [18][21] - The implementation of the Private Economy Promotion Law aims to create a fairer and more predictable environment for business development [21]