Core Viewpoint - The article highlights the rapid development and commercialization of China's private space launch industry, emphasizing the role of Minsheng Bank in supporting these companies through tailored financial services and strategic partnerships [1][2][3]. Group 1: Industry Developments - On May 21, the Kuaizhou-1A rocket successfully launched six satellites, marking a significant milestone as it becomes the only Chinese commercial rocket capable of launching over six tons [1]. - The Tianqi constellation's first phase was completed with the successful launch of four satellites by Xinghe Power on May 19, indicating a major step towards global connectivity [1]. - Blue Arrow Aerospace's Zhuque-2 rocket achieved a significant milestone in the liquid oxygen-methane sector by successfully launching six satellites [1]. - Six private rocket companies in China have successfully launched orbital rockets, collectively referred to as the "six arrows" of China's private space sector [1]. Group 2: Minsheng Bank's Role - Minsheng Bank has proactively supported five of the six private rocket companies, providing not only credit but also comprehensive service packages tailored to the needs of enterprises and their employees [1][2]. - The bank has established 17 technology finance branches and six specialized institutions to cover high-tech industries and technology parks in Beijing [2]. - Minsheng Bank has shifted its credit approval process from traditional financial metrics to a more holistic view that includes talent, technology, and market potential [2][3]. Group 3: Financial Services and Support - Minsheng Bank has developed the "Minsheng Easy Innovation" service matrix, offering a one-stop solution that combines commercial banking and investment banking services [4]. - The bank plays a proactive role in equity financing for private rocket companies, leveraging its network to connect them with venture capital and private equity firms [4]. - Minsheng Bank provides high-level services to executives of technology companies, including wealth management and exclusive benefits [4]. Group 4: Comprehensive Ecosystem Support - Minsheng Bank has expanded its financial services to cover the entire commercial space industry chain, from upstream suppliers to downstream satellite manufacturing [5]. - The bank's "Minsheng E-Chain" product series offers customized financing solutions based on transaction data and supply chain dynamics, enhancing financial service efficiency [5]. - The bank aims to transform data assets of technology companies into financial assets, providing more precise and effective financial services [5].