新华社天津11月26日电 题：金融"活水"精准"浇灌" 天津培育科创"新生态" 新华社记者李亭、郭方达 科技金融正成为推动科技创新与产业升级的关键力量。在"科技—产业—金融"新循环机制下，天津 着力打破信息壁垒，构建覆盖科技创新全生命周期、全链条的金融服务体系，探索出一条金融、科技、 产业政策协同发力的科技金融"天津路径"。 精准浇灌，金融活水助力科研攻关 在天津全和诚科技有限责任公司的实验室里，实验人员正在进行脂质纳米颗粒（LNP）核心成分阳 离子脂质的后处理工作。 作为药物递送载体，LNP能将药物精准送到"目的地"，对核酸药物研发生产至关重要。但长期以 来，该技术被国外垄断。 "核心技术是买不来的，必须靠自主创新研发。"公司负责人宋艳民说。然而，研发需要大量资金投 入，这对一个科创企业来说，是不小的压力。了解到这一情况后，邮储银行天津分行迅速组建了专业服 务团队，综合考量了企业的研发投入、专利实力、成长性等因素，通过"研发贷"，为项目研发注入 了"强心剂"。 金融"及时雨"浇灌下，公司LNP递送技术已布局10余项相关专利，构建了涵盖万种结构的可电离脂 质库，突破了传统LNP单一靶向局限，实现多器官组织的靶 ...

21世纪经济报道记者张欣 11月22日，为凝聚行业智慧、探寻发展新路径，由南方财经全媒体集团指导、21世纪经济报道主办 的"第二十届21世纪金融年会"在北京盛大召开。 在"主题论坛一：金融助力高水平科技自立自强"上，光大银行公司金融部副总经理辛锋表示，该行将科 技金融视为服务国家高水平科技自立自强战略的重要抓手，也是全行战略规划的重要增长极。"我们的 目标不仅是提供融资，更核心的是构建与科技创新'同频共振'的金融服务生态，推动'科技—产业—金 融'形成良性循环。" 针对科技型企业"高成长、高风险、轻资产"的特性带来的金融服务挑战，辛锋介绍，光大银行于今年年 初制定新一版科技金融工作方案，推出"阳光科创"特色品牌，并构建起以"强服务、强产品、强生态、 强行研、强数智"为核心的"五强"支撑体系，探索适配科技企业需求的服务路径。 在服务体系搭建上，辛锋表示，光大银行已形成"1+16+100"的总分支一体化科技金融专营组织架 构。"在总行成立了科技金融中心，在16家科技资源禀赋突出的重点分行设立科创金融中心，并计划优 选100家左右的科技金融特色支行，作为我们服务科技型企业的重要基础。"据辛锋介绍，截至目前，16 家 ...

转自：新华财经 近日，在第十九届深圳国际金融博览会现场，上海银行深圳分行举办了"融汇产学研·创享新未来"科技金融生态合作倡议发布会。该倡议由上海银行深圳分 行发起，联合深圳市工商联、深圳清华大学研究院、东方富海、力合金融、华君集团、时代高科等政、产、学、研、金各方代表，共同探索科技金融协同新 路径，推动科技成果从实验室走向市场。 上海银行深圳分行科技金融生态合作倡议发布会现场 从"独奏"到"交响"，构建开放协同新生态 上海银行副行长俞敏华在发布会上指出，科技金融不是"独角戏"，而是一场"交响乐"。本次倡议旨在将科技金融从单点探索升级为生态共建，并提出三大协 同路径：一是打通价值发现通道，连接高校、研究院与创投机构，让前沿技术更快对接到产业需求与资本视角，实现价值的前端精准识别；二是打通金融接 力通道，通过"投贷联动""股债结合"等模式，实现债权与股权资金的无缝衔接，为企业提供从验证期、种子期到成长期、成熟期的全生命周期综合金融解决 方案；三是打通协同创新通道，通过常态化路演、沙龙与产业对接会，促进科学家、企业家与金融家高效沟通、同频共振，实现知识、资本与市场的有效协 同。 深耕本地，科技金融与深圳发展同频共振 ...

证券研究报告 | 宏观深度 2025 年 11 月 18 日 分析师：罗志恒 执业编号：S0300520110001 电话：010-83755580 邮箱：luozhiheng@ykzq.com 分析师：原野 执业编号：S0300523070001 电话：15810120201 邮箱：yuanye_zb@ykzq.com 近期报告 《【粤开宏观】税收赋能"十五五"：对税 收职能的思考与六点建议》2025-11-16 《【粤开宏观】压力下的突围：中国出口 韧性从何而来，能否持续？》2025-11-09 《【粤开宏观】城乡居民养老保险：为何 是福利而非保险？待遇如何提升？》 2025-11-05 《如何理解"十五五"规划建议对财政的 部署安排？》2025-11-03 《【粤开宏观】中美吉隆坡经贸磋商：谈 成什么？还剩什么？未来如何？》2025- 10-30 宏观研究 【粤开宏观】做好科技金融大文章： "十五五"时期金融如何支持科技自 立自强 摘要 "十五五"时期，是基本实现社会主义现代化夯实基础、全面发力的关键时 期，实现高水平科技自立自强是其中的核心任务。《中共中央关于制定国民 经济和社会发展第十五个五年规划的 ...

Core Viewpoint - The Industrial Bank's Linyi Branch is actively promoting technology finance business by integrating technology, industry, and finance, aiming to support local technological innovation and economic development [1][3]. Group 1: Technology Loan Growth - As of the end of Q3 2025, the balance of technology loans reached 3.805 billion yuan, a 43% increase from the beginning of the year [1]. - The number of specialized and innovative enterprises served has increased to 94, covering key industries such as high-end equipment manufacturing, new materials, pharmaceuticals, and electronic information [1]. Group 2: Financial Product Innovation - The bank has developed a full lifecycle product system tailored to enterprise needs, including "High-tech Talent Startup Loans" for startups and "R&D Loans" for growth-stage companies [2]. - The "Xing Su Loan" product has provided over 150 million yuan in loans to 17 local specialized and innovative enterprises, including a 10 million yuan loan to a provincial-level enterprise in the baking sector [2]. Group 3: Collaboration and Policy Support - The bank has established communication mechanisms with local government departments and actively participates in platforms like the "Yimeng Financial Salon" to enhance policy coordination and enterprise services [3]. - The bank aims to position "Technology Finance" as its fourth brand identity, following "Green Bank," "Wealth Bank," and "Investment Bank," while continuously improving its service capabilities for innovative enterprises [3].

Core Insights - The integration of finance and traditional Chinese medicine (TCM) in Bozhou is creating new opportunities for rural revitalization and industry growth [1][2][4] Group 1: Financial Support Initiatives - The People's Bank of China and seven departments launched a plan to support the development of TCM industries, aiming to enhance the financial backing for local agricultural products [1][2] - As of August, the "Rural Industry Revitalization Joint Development Plan" has signed 243 long-term strategic cooperation agreements, with a total credit of 1.49 billion yuan and loans issued amounting to 1.24 billion yuan [2] - The establishment of a 1 billion yuan special loan quota for "one city, one product" initiatives is designed to deepen the integration of financial resources with the TCM industry [2][4] Group 2: Agricultural Development and Financing - The Bozhou Agricultural Commercial Bank provided a 700,000 yuan loan to a local cooperative, enabling the expansion of medicinal herb cultivation [3] - Financial support has also been extended to upstream and downstream partners, providing 3.5 million yuan in working capital to enhance production capabilities [3][4] - A comprehensive financial service system covering the entire TCM industry chain has been established, improving credit accessibility for industry participants [4] Group 3: Innovative Financial Products - Various specialized financial products have been developed to support different stages of the TCM supply chain, including loans for seedling breeding and market financing [4][5] - The "Traditional Chinese Medicine Business Loan" was tailored for local merchants, addressing their urgent financing needs with favorable terms [4][6] Group 4: Infrastructure and Digital Finance - The establishment of a digital inclusive finance research institute aims to enhance the financing system for TCM supply chains, integrating financial services with smart warehousing [5][6] - A logistics park has received 690 million yuan in credit support, facilitating the financial activation of medicinal herb inventories [6] Group 5: Health and Wellness Integration - Bozhou is expanding into new sectors such as health and wellness tourism, with significant financial backing for projects that integrate TCM with tourism [7][8] - A 420 million yuan loan was provided for the development of a TCM wellness and tourism project, showcasing the market potential of TCM resources [8]

Core Insights - The new display industry in Anhui Province is projected to account for 10% of global capacity in 2024, with revenue reaching nearly 75 billion yuan in the first half of this year, marking a year-on-year growth of 9.8% and contributing nearly 30% to the electronic information manufacturing sector [1] Group 1: Industry Development - The new display industry has become a significant driver of high-quality development in Anhui Province [1] - Financial support from institutions like the Bank of Communications has been crucial in facilitating the growth of the new display industry through technology innovation and advanced manufacturing [1] Group 2: Company Case Study - Yingri Technology - Yingri Technology has increased its R&D investment, enhancing the purity of target materials and reducing production costs through technological upgrades [2] - The company has established stable partnerships with leading firms in the display sector, such as BOE, and is projected to achieve revenue exceeding 646 million yuan in 2024 [2] - Yingri Technology's growing scale has led to increased funding needs for raw materials, technological innovation, and equipment updates [2] Group 3: Financial Support Initiatives - The Bank of Communications provided a 40 million yuan unsecured comprehensive credit approval to Yingri Technology in early 2023, addressing the funding challenges faced by tech enterprises [3] - The bank has implemented an "active credit" model to support tech companies, offering products like "talent loans" and "R&D loans" to alleviate financing difficulties [3][4] - The bank aims to enhance its support for tech enterprises by establishing a network of specialized branches and implementing a full lifecycle service model [4] Group 4: Growth Partnerships - The Bank of Communications has signed growth partnership agreements with over 1,000 tech companies, issuing loans totaling nearly 6.7 billion yuan as of the first half of this year [5]

Core Insights - The Shanghai Inclusive Finance Advisory Service Hub has achieved full coverage, establishing 18 financial advisory hubs including Zhangjiang Science City and Lujiazui Financial City [1] - The Shanghai Financing Guarantee Center has introduced a new "no repayment renewal loan" policy and signed cooperation agreements with 27 banks [1] - The 19th Financial Fair focuses on enhancing the quality of service for the real economy through online and offline matchmaking between financial institutions and enterprises [1] Group 1 - The "Oriental Beauty Valley" is a comprehensive ecosystem centered around the "beautiful health" industry in Fengxian District, aiming to address the pain points of enterprise development [1] - Companies like Shanghai Fangyi Wanquan Microelectronics are seeking strategic funds to support their expansion and project development, highlighting the need for equity financing beyond bank loans [1] - Baikaisheng, a biotechnology company, is exploring financing products related to employee stock ownership plans [1] Group 2 - Financial advisors from Shanghai Bank, PICC, and Shenwan Hongyuan provided on-site consultations to enterprises, discussing how to enhance information exchange and optimize the business environment [2] - Recommendations include regular entrepreneur salons for interaction, specialized credit products for technology-based enterprises, and various loan forms for employee stock ownership [2] - The "Oriental Beauty Valley Loan" is a unique inclusive loan product supported by the Fengxian District government, offering interest subsidies and guarantees from multiple banks [2]

根据2023年中央金融工作会议精神，进一步明确地方农信社、城市商业银行等地方性中小金融机构 要坚守"立足当地、服务本地、扎根本土"的初心，回归本源、专注主业，成为服务县域经济、中小微企 业和"三农"的"毛细血管"，形成特色化、差异化发展模式。打造科创银行是嘉兴银行作为本地法人机构 积极服务于地方经济中心工作，践行使命担当的必然选择。 中国正经历百年未有之大变局，高质量发展成为主基调，国内外的形势变化加快了我国从制造业大 国到制造业强国的转型步伐，而核心科技的突破和数字化转型则是这一战略中不可缺少的部分。当前， 嘉兴致力于融入长三角一体化发展，积极打造国家级科创走廊"示范段，将数字化经济作为"一号工 程"，并获批为国家级科创金融改革试验区试点城市。在此有利的大环境下，嘉兴银行争创科创银行正 当其时。 经济是肌体，金融是血脉，嘉兴银行打造科创银行将有利于聚焦资源，专注服务于嘉兴的数字化经 济转型，服务于嘉兴的科技科创企业发展，服务于嘉兴的高新企业和高端人才引育战略，实现对科技人 才的全方位金融服务，对科创企业的全生命周期金融服务，对数字化产业升级的精准金融支持。在此基 础上形成自身的差异化优势、核心竞争力优势，实 ...

Core Insights - The introduction of the "R&D Loan" financial product aims to address the financing difficulties and high costs faced by technology enterprises, providing tailored services and financial incentives to enhance innovation capabilities [1][3] Group 1: Support Measures for Technology Enterprises - The new policy includes 25 support measures designed to strengthen the status of technology enterprises in Guangxi, focusing on key issues and policy bottlenecks [1] - A customized service package for technology enterprises will be implemented, allowing companies to request specific services during the application process, reducing costs associated with third-party assistance [2] - A tiered cultivation system for technology enterprises will be established, supporting the growth from small technology enterprises to leading technology firms [2] Group 2: Financial Support Initiatives - The "R&D Loan" interest subsidy policy will enhance low-cost financing channels for technology enterprises, with an increased subsidy rate for eligible companies [3] - A technology financial support package will be developed, including loan interest subsidies and guarantees, to facilitate access to financing for technology enterprises [3] - The introduction of a technology insurance scheme will provide subsidies for insurance premiums, further supporting technology enterprises [3] Group 3: Promoting Integration of Innovation, Industry, and Talent - The policy emphasizes the role of enterprises in driving the integration of innovation, industry, and talent, with a focus on collaborative projects and technology plans led by enterprises [5] - Enterprises are encouraged to increase R&D investment and participate in national technology programs, with support for tax incentives and technology transfer [5] - A talent cultivation mechanism will be established to enhance the workforce in technology enterprises, promoting collaboration between enterprises and educational institutions [5] Group 4: Optimizing the Policy Environment - The measures aim to improve the policy environment for technology enterprises by enhancing intellectual property services and supporting product innovation [6] - Fast-track patent application services will be provided for eligible enterprises, along with rewards for innovative products [6] - Government procurement policies will prioritize the purchase of innovative products from technology enterprises, fostering a supportive ecosystem [6]