试点银行体系呈现差异化布局，涵盖工行等六大国有商业银行、招商银行等股份制银行以及北京银行等 城商行，形成多层次服务网络。各银行需满足监管评级良好、并购贷款专业团队完备等硬性条件，确保 风险可控。 科技企业可通过并购快速填补技术短板或拓展市场，结合自主研发实现跨越式发展。试点政策为这种混 合模式提供资金保障，促进产业链垂直整合与核心技术攻关。 图 片来源：AI生成 "并购贷款政策的放宽使得科技企业的并购活动更加活跃，为VC/PE机构提供除了IPO以外的退出机会， 也能促进资金的循环和再投资。"一位业内资深投资人表示。 长期以来，科技企业尤其是处于成长期和扩张期的企业，普遍面临三大资金难题：融资门槛高、并购杠 杆低、还款周期短。传统并购贷款限制贷款比例不超过60%，企业需自筹40%资金，使得科技企业在并 购过程中需筹措大量自有资金，资本杠杆效应难以发挥。 外加上科技企业技术迭代快，技术整合周期长（如半导体、人工智能等领域），但原并购贷款期限最长 7年，可能导致"短贷长投"风险。 为了缓解科创企业融资难，促进产业整合与创新升级，今年3月金融监管总局组织开展适度放款科技企 业并购贷款政策试点工作。对于"控股型"并购， ...

Core Viewpoint - The Chinese government is emphasizing the importance of increasing financial support for technology innovation, particularly for small and medium-sized technology enterprises, as highlighted by officials from the central bank and regulatory bodies [1]. Group 1: Financial Support for Technology Enterprises - The central bank's deputy governor, Tao Ling, stated the need to expand the issuance of technology loans, directing more credit resources towards technology-oriented SMEs to maintain rapid growth in technology loans [1]. - Recent policies and active responses from banks have led to increased credit support for technology companies, with examples including the case of Huashinuowei, which received credit approval from Citic Bank within two months [2][3]. Group 2: Innovative Technology Companies - Huashinuowei is focused on precision medical innovations and is developing an AI vision screening system aimed at early detection of myopia in children, with plans for clinical trials and product registration [2]. - Beijing Xinhua Storage Technology Co., established in 2023, is working on zinc-nickel flow battery technology, which is crucial for green energy transition, and received a credit line of 5 million yuan from Citic Bank [3]. Group 3: Emerging Technologies and Financial Products - The Ningbo Graphene Innovation Center, a leader in graphene technology, has received 130 million yuan in credit support from the Bank of China to address funding gaps for production line construction and marketization [3]. - Banks are introducing new financial products such as technology achievement transformation loans and mergers and acquisitions loans to support technology enterprises that typically lack collateral and initial revenue [4][5]. Group 4: Collaboration and Future Prospects - Citic Bank is exploring diverse collaboration opportunities with technology companies, including potential equity-linked services and partnerships with investment funds to support the growth of innovative firms [5].