加快建立涵盖技术成熟度、团队稳定性、应用场景前景的多维评估体系。推广浙江"六大维度科技评价 模型"，将专利引用率、产学研合作深度等纳入授信决策，让"技术流"取代"资金流"成为核心风控指 标。制定统一的数据标准和接口规范，打破数据壁垒，引入人工智能、大数据等技术手段，开发智能化 评估工具，将知识产权、研发投入、团队能力、市场前景等非财务指标纳入评估核心要素。探索知识产 权证券化试点，将高校实验室的"沉睡专利"转化为标准化金融资产，破解轻资产企业融资难题。 在此基础上，优化科技金融资源配置与风险定价机制，实施差异化的信贷政策和监管激励。通过定向降 准、风险补偿基金、财政贴息等方式，引导金融机构加大对初创期、早中期科技企业的信贷投放，降低 相关贷款的风险权重，提高风险容忍度。允许金融机构在风险可控前提下，根据科技企业的成长阶段、 技术壁垒等因素实行更具弹性的利率定价，并推动金融机构数字化转型，建立与科技企业快迭代、高成 长融资需求相匹配的快速响应机制。 还要强化资本市场对科技成果转化的全链条支撑，拓宽长期资金供给渠道。进一步完善私募股权、风险 投资的税收优惠和退出机制，加大政府引导基金对早期科创基金的出资力度，强化 ...

Core Insights - The article discusses the challenges and innovations in financing technology-driven enterprises, particularly in Jiangsu Province, where traditional credit models struggle to meet the unique needs of these companies [1][4]. Group 1: Innovation in Financing - Jiangsu Province is leading in regional innovation capabilities, moving away from traditional collateral-based lending to a system using "Su Chuang Points" to evaluate innovation [2][4]. - The "Su Chuang Points Loan" product has been developed to assist enterprises in their growth, particularly in the biomedicine sector, which has high funding demands and long development cycles [3][11]. Group 2: Financial Products and Support - Since its establishment in December 2024, the Nanjing Biomedicine Sub-center has facilitated project financing totaling 225 million yuan, collaborating with banks to create tailored credit products for university research projects [3]. - By the end of Q3 2025, nearly 40,000 enterprises were classified as "priority support" or "recommended support," with a loan balance of 381.2 billion yuan under the "Su Chuang Points Loan" program [5]. Group 3: Digital Financial Innovations - Digital financial tools are enhancing the capabilities of technology finance, with banks creating comprehensive profiles and scoring systems for enterprises based on their innovation capabilities [6][7]. - The China Bank Jiangsu Branch has developed a digital financial platform that provides real-time insights into industry chains and pre-approval credit limits for technology enterprises [7]. Group 4: Policy Support and Collaboration - The People's Bank of China is working with the Jiangsu Provincial Science and Technology Department to introduce special support policies for technology finance, addressing the mismatch between traditional credit models and the needs of tech enterprises [4][8]. - The "Su Chuang Rong" product has supported technology SMEs with loans totaling 397.8 billion yuan by the end of Q3 2025, demonstrating the effectiveness of policy-driven financial support [8]. Group 5: Tailored Services for Startups - Local banks are focusing on small and micro enterprises, emphasizing non-credit services such as equity financing and resource matching to better meet the needs of early-stage technology companies [9][10]. - The establishment of specialized banking teams with expertise in finance, industry, and risk management is crucial for effectively serving technology enterprises [9]. Group 6: Comprehensive Financial Service Systems - A comprehensive financial service system has been established in Suzhou, integrating digital credit platforms and specialized financial products to support innovation and technology-driven enterprises [13][14]. - The "Innovation Index" has been developed to help financial institutions better understand and support the operational needs of innovative companies [13].

Core Viewpoint - The article highlights the breakthrough in gene therapy for thalassemia by Kanglin Biotech, which has made significant advancements in making treatment more accessible and affordable, aided by innovative financial products like "talent loans" and "technology achievement transformation loans" [1][2][3][10]. Group 1: Gene Therapy Breakthrough - Kanglin Biotech has developed the KL003 cell injection, achieving significant progress in treating thalassemia, with over 30 patients receiving stem cell infusions in just three months [2]. - The cost of KL003 is significantly lower than the previously available gene therapy in the U.S., which was priced at $2.8 million, making it more accessible to patients [6]. Group 2: Financial Support and Innovation - The "talent loan" program, initiated by Zheshang Bank, has provided substantial financial support to Kanglin Biotech, allowing for a credit loan of up to 15 million yuan, facilitating the company's research and development [3][4]. - By the end of October, over 80.9 billion yuan in "talent loans" had been issued across Zhejiang province, demonstrating the effectiveness of this financial innovation in supporting startups [3]. Group 3: Technology Transfer and Collaboration - The establishment of the National University Biomedicine Regional Technology Transfer Center in Jiangsu has facilitated the transformation of research outcomes into practical applications, with 62 projects successfully transitioned from 1,572 selected medical achievements [7][9]. - The center has created a comprehensive financial support system, accumulating 2.25 billion yuan in project financing, which aids in overcoming the challenges of technology transfer in the biomedicine sector [9]. Group 4: Future Prospects - The introduction of "technology achievement transformation loans" aims to lower barriers for startups in the biomedicine field, providing 4.5 billion yuan in credit to 42 projects, thus enhancing the efficiency of funding for research and development [10]. - The combined efforts in Jiangsu and Zhejiang provinces are expected to enable more patients to access affordable medications and support the biomedicine industry in transitioning from a follower to a leader in innovation [10].

如何为最富有创新和活力的这一领域科技型中小企业接上资金链？在行业研发失败与成果转化夭折风险 高企的背景下，如何有效降低金融支持的风险系数，实现科技与金融的安全共赢？ 生物制药行业长期面临"死亡之谷"的挑战。从前期研究到临床试验，再到最终获批上市，通常只有一成 左右的药物可以幸存下来。而这个过程，往往持续10年甚至更久的时间。 与此同时，"看抵押、看历史"的传统信贷逻辑与生物制药领域轻资产、重研发的特点不符。 日前，第一财经跟随中国人民银行赴浙江、江苏等地区调研时了解到，针对科技创新全链条和科技型企 业全生命周期，金融机构正努力构建差异化的金融支持路径，着力投早、投小、投长期、投硬科技。政 策层面也不断强化激励引导，多方合力为生物医药创新与科技成果转化打通资金堵点。 以人定贷，适配科技型企业 轻资产、无销售收入的特点，让众多手握核心技术的创新药企陷入研发与资金的双重困境，康霖生物科 技（杭州）有限公司（下称"康霖生物"）便是其中的典型代表。 成立于2015年的康霖生物，是国内最早一批深耕创新基因治疗的企业，专注于地中海贫血症等严重疾病 的根治方案研发。 地中海贫血症是一种因基因缺陷导致的罕见血液病。中重度患者自 ...

科技自立自强水平大幅提高是"十五五"时期经济社会发展的主要目标之一，也是金融发力的重点和主 线。11月27日，中国人民银行、科技部等部门联合召开科技金融统筹推进机制第一次会议。会议要求， 持续深化金融供给侧结构性改革，为建设科技强国提供坚实支撑。 如何加快构建与科技创新相适应的科技金融体制，推动科技、产业、金融良性循环？经济日报记者近日 在江苏、浙江等地调研走访时，看到了金融机构和科技企业合力交出的答卷。 贷款供给更有耐心 杭州云深处科技股份有限公司(以下简称"云深处科技")创立于2017年，是一家专注于人形机器人、四足 机器人及核心零部件研发、生产、销售和服务的国家级高新技术企业。尽管已成为"杭州六小龙"之一， 但其成长之路并非一帆风顺。在B轮融资后，企业一度面临研发投入高、订单周期错配、上下游账期不 匹配等问题。2022年3月，杭州银行科技支行基于对云深处科技技术实力、创始人背景及真实订单的深 度研判，给予其500万元纯信用贷款。此后随着公司业务快速扩张，杭州银行将综合授信额度提升至 8000万元，并提供从基础结算到定制化融资的一站式服务。 面对科技型企业日益增长的大额、长周期等融资需求，单一银行往往难以 ...

Core Viewpoint - The enhancement of self-reliance and strength in technology is a major goal for economic and social development during the "14th Five-Year Plan" period, with a focus on financial support for building a strong technological nation [1] Group 1: Financial Support for Technology Enterprises - The establishment of a technology finance system that aligns with technological innovation is essential for promoting a virtuous cycle among technology, industry, and finance [1] - Hangzhou Yundong Technology Co., Ltd. received a 5 million yuan credit loan from Hangzhou Bank after a thorough assessment of its technology capabilities, which later increased to 80 million yuan as the company expanded [2] - The "Zheke United Loan" service model was introduced to address the financing needs of technology enterprises, providing tailored services for startups and established companies [2][3] Group 2: Innovations in Financing Mechanisms - The "Zheke United Loan" allows multiple banks to jointly provide credit, mitigating risks while enhancing support for technology enterprises [3] - The program has three innovations: promoting proactive financial services, increasing credit limits for growing enterprises, and diversifying risk among participating banks [3][4] - As of now, 27 banks in Zhejiang Province have participated in the "Zheke United Loan," issuing loans totaling 10.87 billion yuan to 197 enterprises [4] Group 3: Comprehensive Financial Services - The financial system faces the challenge of providing funding to technology-oriented small and medium-sized enterprises (SMEs), which often have weaker qualifications and higher risks [5] - Suzhou has developed a "1+5+N" comprehensive financial service system to support the digital credit needs of small enterprises, enhancing the efficiency of financing services [5][6] - The "Kechuang Index Loan" was created to help financial institutions better understand the operational status of innovative enterprises, providing tailored financial services throughout their lifecycle [6] Group 4: Regional Developments in Technology Financing - Jiangsu Province has the highest number of technology SMEs and high-tech enterprises in China, with a technology loan balance exceeding 5 trillion yuan, reflecting a 16% year-on-year increase [7] - The "Technology Achievement Transformation Loan" was introduced to support the transformation of university research projects into marketable products, addressing the challenges faced by early-stage projects [8][9] - By the end of Q3 2023, Jiangsu's knowledge property pledge financing and investment-loan linkage loans reached 49.4 billion yuan and 38.7 billion yuan, respectively, showing significant growth [9]

Core Viewpoint - The integration of technology and finance is driving the high-quality development of innovative enterprises in China, with banks playing a crucial role in providing tailored financial services to support the growth of these companies [1][2]. Group 1: Financial Support for Technology Enterprises - Jiangsu province has over 89,000 technology-based SMEs and 57,000 high-tech enterprises, leading the nation in these categories [2]. - By the end of Q3 2025, the balance of technology loans in Jiangsu exceeded 5 trillion yuan, a year-on-year increase of 16% [2]. - The China Bank Jiangsu branch provided systematic financial services to technology enterprises, adjusting support based on company performance over seven years [3][4]. Group 2: Comprehensive Financial Services - China Bank Jiangsu branch served over 24,000 technology finance clients, with a technology loan balance of 551.7 billion yuan, up 21.9% year-on-year [4]. - Construction Bank Suzhou branch developed a "3+4" technology financial service system, enhancing support for technology innovation [4][5]. - By the end of October 2025, Construction Bank Suzhou branch served over 12,000 technology enterprises, with a technology loan balance exceeding 160 billion yuan [5]. Group 3: Innovative Financial Products - Jiangsu Bank launched products like "Smart Transformation Loan" and "Low Carbon Loan" to meet the needs of growing technology enterprises [6][7]. - By September 2023, Jiangsu Bank's technology loan balance reached nearly 290 billion yuan, serving 24,000 technology enterprise clients [7]. - Changshu Rural Commercial Bank focused on small and micro enterprises, providing tailored financial services and achieving over 2200 technology enterprise loans with a balance exceeding 15 billion yuan [6][7]. Group 4: Collaborative Financial Models - Zhejiang province introduced the "Zheke United Loan" model to enhance cooperation among banks, addressing the limitations of single-bank services [8][10]. - Since its launch, 27 banks in Zhejiang have participated in the "Zheke United Loan," providing loans totaling 10.87 billion yuan to 197 enterprises [11]. - The model allows for risk-sharing among banks, enhancing the capacity to support technology enterprises [10][11]. Group 5: Growth-Focused Financial Initiatives - Anhui province implemented the "Common Growth Plan" to address the mismatch between risk and return in technology credit [15][19]. - By September 2023, the plan had signed over 15,000 enterprises, with a loan balance exceeding 210 billion yuan [17][18]. - The "Common Growth Plan 2.0" introduced a "Stock Option Income Swap Model" to facilitate easier access to financing for technology enterprises [19][21].

Core Viewpoint - The article emphasizes the deep integration of technology and finance in China, particularly in Jiangsu, Zhejiang, and Anhui provinces, highlighting how banks are innovating financial services to empower high-quality development of technology enterprises [2]. Group 1: Jiangsu's Financial Support for Tech Enterprises - Jiangsu has 89,000 technology-based SMEs and 57,000 high-tech enterprises, leading nationally in both categories [4]. - By Q3 2025, the province's technology loan balance exceeded 5 trillion yuan, a 16% year-on-year increase, with 65,800 technology enterprises receiving loans, an increase of 1,304 from the previous year [4]. - Bank of China Jiangsu Branch provided systematic financial services across the entire lifecycle of tech enterprises, with a technology loan balance of 551.7 billion yuan, up 21.9% year-on-year, serving over 24,000 clients [7]. - Construction Bank Suzhou Branch developed a "3+4" technology financial service system, serving over 12,000 tech enterprises with a loan balance exceeding 160 billion yuan [8]. Group 2: Innovative Financial Products - Jiangsu Bank launched products like "Smart Transformation Loan" and "Low Carbon Loan" to support tech enterprises in their growth phases [10]. - Jiangsu Bank's technology loan balance reached nearly 290 billion yuan, with 24,000 clients, indicating significant engagement with specialized enterprises [11]. - Changshu Rural Commercial Bank focused on small and micro enterprises, providing tailored financial services and establishing a "joint investment" strategy [12]. Group 3: Zhejiang's "ZheKe Joint Loan" Model - Zhejiang's "ZheKe Joint Loan" model was introduced to address the limitations of single bank services, facilitating long-term partnerships among banks to support tech enterprises [14][16]. - The model includes three types of loans for different stages of enterprise development, with a total of 27 banks participating and 1.087 billion yuan disbursed to 197 enterprises [17][18]. Group 4: Anhui's "Common Growth Plan" - Anhui's "Common Growth Plan" was launched to address the mismatch of risk and return in tech credit, with over 15,000 enterprises signing up and a loan balance exceeding 210 billion yuan [22][23]. - The plan allows for longer loan terms and higher average credit amounts, with an average term of 3.1 years and credit amounts exceeding 31 million yuan [26]. - The "Common Growth Plan 2.0" introduced a "stock option income swap model" to enhance financial support for tech enterprises, with over 1,000 transactions completed [29][30].

Core Viewpoint - The private economy is a vital force in promoting Chinese-style modernization and is a significant foundation for high-quality development, with a broad and promising future ahead [1] Group 1: Financial Support for Private Enterprises - Suzhou has established a financing support system for private enterprises throughout their lifecycle by integrating resources from the government, banks, and businesses [1] - As of April 2025, the loan balance for private enterprises at Suzhou Industrial and Commercial Bank exceeded 170 billion yuan, with over 35,000 private economic entities benefiting from credit resources [1] - The bank has implemented various measures to enhance financial services for private enterprises, aiming to stimulate their vitality and creativity [1][2] Group 2: Addressing Financing Challenges for Small and Micro Enterprises - Small and micro enterprises face common challenges such as difficulty in obtaining financing, high costs, and slow processes [1] - Suzhou has created a coordination mechanism at both city and county levels to address financing issues, focusing on first loans, credit loans, and non-repayment renewals [1] - The bank has organized outreach activities to understand the pain points of private enterprises, resulting in over 60,000 enterprises visited by the bank as of April 2025 [2] Group 3: Digital and Efficient Financing Solutions - Suzhou Industrial and Commercial Bank has developed an integrated online and offline financing service channel to enhance efficiency [3] - The bank successfully provided a 4 million yuan loan to a pharmaceutical company within one week, demonstrating its ability to meet urgent funding needs [3] - As of April 2025, the bank's inclusive loan balance exceeded 89 billion yuan, with over 34,000 clients, reflecting significant growth [3] Group 4: Supporting High-Tech Enterprises - Private enterprises account for about 90% of national high-tech and specialized small and medium enterprises in Suzhou, playing a crucial role in technological innovation and industrial upgrading [4] - The bank has established a technology finance service center to meet the diverse financial needs of private tech enterprises [4][5] - Innovative financial products and services have been developed, such as the "Technology Chain Incubation Loan," to support technology transfer and collaboration [5] Group 5: Enhancing Foreign Trade Financing - Suzhou's foreign trade has shown growth, with a total import and export value of 852.1 billion yuan in the first four months of the year, up 6.8% year-on-year [7] - The bank has introduced innovative financing services to support cross-border e-commerce enterprises, including the "Cross-Border E-Commerce Loan" [8] - The bank's efforts in foreign trade financing have resulted in nearly 60 billion yuan in loans for foreign trade enterprises as of April 2025 [10]