《方案》突出"三个注重"：注重示范引领，构建以专项方案为主体，创投、资本市场、并购等政策为支 撑的开放式政策矩阵，依托天开园等载体打造科产融深度融合策源地；注重生态共建，广泛覆盖科技创 新、产业创新与金融创新各主体要素；注重组合叠加，针对企业不同发展阶段提供多元化接力式金融服 务。 中新网天津11月21日电 (记者周亚强)记者21日从天津市委金融办获悉，天津市11个部门近日联合印发实 施《天津市金融创新服务科技创新和产业创新专项方案》(下称《方案》)，建立市级工作协调机制，旨 在以金融高质量服务促进以科技创新和产业创新为代表的新质生产力发展。 天津市委金融办表示，下一步，将推动各项措施项目化、清单化落实，为科技创新和产业发展提供全生 命周期全链条、多元化接力式金融服务，促进金融与全产业链深度协同。(完) 《方案》提出，力争到2027年，科创基金规模突破2000亿元，科技贷款余额突破1.1万亿元，科技金融 特色服务机构(团队)超过100家，助推战略性新兴产业规模突破1万亿元。 （文章来源：中国新闻网） 围绕科技型企业成长全周期需求，《方案》部署了5方面任务举措，细化为15大项45个子项措施，以及 加强工作统筹、 ...

Core Insights - China Chengtong is actively supporting the comprehensive deepening of reform for state-owned enterprises (SOEs) and has established itself as a key player in the capital market, contributing to market stability and confidence [2][4] Group 1: Fund Management and Investment - China Chengtong manages 8 funds with a total scale exceeding 710 billion yuan and a subscribed scale over 360 billion yuan, with over 90% of investments directed towards SOE-related fields and over 70% in strategic emerging industries [1] - The company has facilitated over 1.5 trillion yuan in social capital and provided direct capital support exceeding 140 billion yuan to more than 90 central enterprises, making it the largest fund "national team" in terms of scale and market influence [1] Group 2: Market Stability Contributions - In response to significant market fluctuations, China Chengtong has increased its holdings in SOE stocks and announced a stock buyback plan to inject 100 billion yuan into the market, demonstrating its commitment to stabilizing the capital market [2] - The company’s actions have effectively boosted market confidence and showcased the value of state capital operation companies during critical times [2] Group 3: Innovation and Technology Support - China Chengtong has initiated a 30 billion yuan science and technology innovation fund focused on serving the technological needs of central enterprises and facilitating the transformation of scientific achievements [3] - The fund has already established partnerships for projects worth 20 billion yuan, highlighting its collaborative approach to fostering innovation [3] Group 4: Financial Services and Asset Management - The company has raised over 93 billion yuan to participate in strategic restructuring and professional integration of central enterprises, becoming a significant shareholder in various key enterprises [4] - China Chengtong has developed a comprehensive asset management model that includes asset revitalization and restructuring, achieving a 90% clearance rate for non-core asset disposals [5] Group 5: Future Directions - The company plans to deepen reforms in state capital operation, focusing on supporting technological and industrial innovation while enhancing asset management to optimize capital layout [5] - China Chengtong aims to play a larger role in supporting national strategies and contributing to the modernization of state-owned capital and enterprises [5]

Group 1 - The provincial governor emphasized the importance of the Qin Chuang Yuan platform in enhancing the effectiveness of regional technological innovation and supporting high-level self-reliance in technology and high-quality development in Shaanxi [1][2] - The governor highlighted the need for better integration of various innovation elements, including policies, funding, talent, and technology, to drive breakthroughs in innovation development across the province [1] - The focus is on establishing Xi'an as a nationally influential technological innovation center, with a strong emphasis on original and disruptive technological innovations [2] Group 2 - The governor called for a deepening of the reform of the education and technology talent system, aiming to enhance the capabilities for basic research and original innovation [2] - The importance of the Qin Chuang Yuan platform and the "three reforms" as catalysts for promoting collaborative innovation between enterprises, academia, and research institutions was stressed [2] - The goal is to accelerate the transformation of technological achievements into productive forces, contributing to the establishment of a modern industrial system with Shaanxi characteristics [2]

Group 1 - The establishment of the Foshan Technology Achievement Transformation Promotion Association marks the launch of Foshan's first social organization focused on technology transfer, supported by multiple initiatives including the establishment of a technology broker title evaluation committee and a science and technology innovation fund [1][2] - The association has attracted 50 initial member units, including universities, research institutes, leading enterprises, industrial parks, and investment institutions, creating a collaborative ecosystem of "research institutions + universities + industry + platforms" [1][2] - The association aims to bridge the gap between research and industry, facilitating the transformation of scientific achievements into marketable products and ultimately into industrial applications [2][3] Group 2 - The newly formed technology broker professional intermediate title evaluation committee will start evaluations in 2026, providing a professional certification pathway for technology brokers [2] - The first Precision Instrument Innovation and Entrepreneurship Competition has been launched, offering a champion prize of 20,000 yuan and potential investment of up to 3 million yuan for high-quality projects [2] - Strategic cooperation agreements were signed to enhance international technology transfer channels and reduce R&D trial costs for enterprises, indicating a commitment to improving the full-chain service system from concept validation to industrial implementation [3]

Core Viewpoint - The article emphasizes the role of the securities industry in supporting technological innovation and the real economy, highlighting East Wu Securities' commitment to providing comprehensive financial services to technology-driven enterprises through innovative products and strategies [1][8]. Group 1: Integrated Innovation Service Ecosystem - East Wu Securities has shifted from traditional financial service models to an integrated ecosystem that includes investment banking, industry research, equity investment, and mergers and acquisitions, catering to the full lifecycle of technology enterprises [2]. - The company focuses on core industries such as electronic information, equipment manufacturing, biomedicine, and advanced materials, particularly in the Suzhou region, and has established dedicated teams to provide customized financial solutions [2][3]. Group 2: Financial Tools and Innovations - East Wu Securities has developed a diverse range of financial instruments to meet the varying financing needs of technology enterprises at different stages of development, including the issuance of technology innovation bonds [4]. - The company has successfully issued over 20 billion yuan in technology innovation bonds since 2016, supporting numerous technology enterprises in reducing financing costs and expanding financing channels [4]. Group 3: Digital Transformation and Technological Empowerment - The company is committed to a digital transformation strategy that emphasizes business leadership and technological empowerment, investing heavily in self-research and technological innovation [6]. - East Wu Securities launched the first fully self-innovated core trading system in the industry, utilizing domestic software and hardware technologies to ensure business stability and efficiency [6]. Group 4: Strategic Partnerships and Regional Collaboration - The company has deepened cooperation with local governments in Suzhou, signing strategic agreements to leverage government resources and industry policies for early-stage enterprise development [3]. - East Wu Securities has initiated several technology innovation funds in collaboration with local governments to nurture potential listed technology enterprises [3].

Core Viewpoint - The establishment of the Science and Technology Innovation Board (STAR Market) Growth Layer is a significant step towards enhancing the inclusivity and adaptability of China's capital market, providing a tailored platform for early-stage technology innovation companies, especially those that are unprofitable but have substantial growth potential [2][5][6]. Summary by Sections Introduction of the Growth Layer - The Shanghai Stock Exchange has officially implemented the "Guidelines for Self-Regulatory Supervision of Listed Companies on the Science and Technology Innovation Board - Growth Layer," marking the formal launch of the Growth Layer [1]. Key Features of the Growth Layer - The Growth Layer is designed to support technology companies that have made significant technological breakthroughs, possess broad commercial prospects, and are in the stage of continuous R&D investment while being unprofitable at the time of listing [3]. - It includes both existing unprofitable companies on the STAR Market and newly registered companies that are unprofitable at the time of listing [3]. - The criteria for companies to be removed from the Growth Layer are differentiated for existing and new companies, with existing companies being removed upon their first profitability after listing, while new companies must meet the STAR Market's primary listing standards [3][4]. Information Disclosure and Risk Management - Companies in the Growth Layer are required to disclose the reasons for their unprofitability and related risks in their annual reports, and they must promptly report any significant negative events [4]. - Special risk identification measures will be implemented for stocks in the Growth Layer, including a unique identifier "U" to indicate their status, and investors must sign a risk disclosure agreement before trading [4]. Market Reactions and Implications - The establishment of the Growth Layer is viewed positively by market participants, enhancing the capital market's ability to serve the real economy and providing a more suitable platform for technology innovation companies at different development stages [5]. - The new policies are expected to attract more technology companies to the STAR Market, expanding its coverage and creating a more diverse market environment [5]. - The Growth Layer is seen as a crucial component in building a multi-tiered capital market that supports technological innovation, balancing development and safety for unprofitable companies [5][6].

Core Viewpoint - Tianjin aims to enhance financial support for technological innovation through a comprehensive action plan, targeting significant improvements in financing capabilities and costs for tech enterprises by 2027 [1][2]. Group 1: Direct Financing Enhancements - The plan emphasizes a notable increase in direct financing, with a goal for the city's science and technology fund scale to exceed 200 billion yuan, and an optimized capital market financing channel to increase the number of tech enterprise listings domestically and internationally [1]. - A more robust venture capital ecosystem is anticipated, with improved policies and management systems across the entire investment lifecycle [1]. Group 2: Indirect Financing Improvements - The breadth of indirect financing is set to expand, with banks, government financing guarantee institutions, and insurance companies enhancing their specialized capabilities to support tech innovation [1]. - The target for the city's technology loan balance is to surpass 1.1 trillion yuan, with an annual growth rate expected to exceed the average growth rate of all loans [1]. Group 3: Optimizing the Technology Financial Ecosystem - The action plan outlines a continuous optimization of the technology financial ecosystem, with over 100 specialized institutions, including technology banks and unique service outlets, established to support tech innovation [1]. - A more collaborative policy framework and a richer array of specialized products and services are also highlighted [1]. Group 4: Encouraging Venture Capital Investment - The plan supports various venture capital funds investing in unlisted tech enterprises in Tianjin, offering rewards for investment management institutions based on their actual investment amounts [2]. - Tax incentives for angel investors and venture capital firms investing in seed and early-stage tech companies are also part of the strategy [2]. Group 5: Government Fund Management Optimization - The proposal includes optimizing the management of government venture capital funds, allowing for increased fiscal contributions from municipal and district levels [3]. - A comprehensive evaluation system for venture capital funds is to be established, focusing on long-term performance rather than short-term gains [3].