Core Viewpoint - Zhejiang Province is leveraging technological innovation to shape new development advantages, with CITIC Bank's Hangzhou branch focusing on the financial needs of technology enterprises throughout their lifecycle [1][2]. Group 1: Policy and Financial Support - The People's Bank of China established a re-lending program for technological innovation and transformation, prompting CITIC Bank's Hangzhou branch to form a task force to support eligible projects with green approval channels and preferential interest rates, resulting in a cumulative loan issuance of 3.6 billion yuan by May 2023 [2]. - CITIC Bank has served nearly 8,000 technology enterprises, with a total financing scale of approximately 400 billion yuan, promoting a virtuous cycle of "technology-industry-finance" [2]. Group 2: Service System and Product Innovation - CITIC Bank's Hangzhou branch aims to create a "demonstration zone for technology finance," establishing a "six-special" service mechanism that includes dedicated teams and specialized products, leading to over 30 billion yuan in financing for more than 1,000 hard-tech enterprises in the past three years [3]. - Eight enterprises successfully went public in 2024, with nearly 100 more initiating the listing process [3]. Group 3: Collaborative Ecosystem and Investment - The bank has established the "Juxin Juli" CITIC Technology Innovation Financial Investment Alliance, facilitating deep cooperation with Zhejiang Province and launching a 10 billion yuan industrial fund [4]. - In 2024, the bank supported the issuance of technology innovation notes amounting to 3.59 billion yuan, a year-on-year increase of 412.86%, and assisted eight technology companies in completing convertible bond financing [4]. Group 4: Open Ecosystem and Future Goals - CITIC Bank is building a unique technology finance ecosystem by collaborating with government agencies, research institutions, and investment organizations, exemplified by a nearly 10 million yuan loan to a research transformation enterprise [5]. - The bank aims to achieve a technology finance loan balance exceeding 100 billion yuan and serve over 12,000 technology enterprises within five years [5].