Core Viewpoint - The People's Bank of China Jiangsu Branch has released an action plan aimed at enhancing financial support for high-quality economic development in Jiangsu by 2027, focusing on five key areas of financial innovation and support [1] Group 1: Action Plan Overview - The action plan outlines five major initiatives: technology financial innovation, green finance enhancement, inclusive finance expansion, pension finance support, and digital finance empowerment, with 21 specific measures to improve financial support's effectiveness and sustainability [1][2] - The plan emphasizes the need for collaboration between financial policies and industrial policies, advocating for a systematic approach to implementation [1] Group 2: Technology Financial Innovation - Technology finance is prioritized in the action plan, with a focus on supporting major national technology tasks and technology-based enterprises through enhanced financial services [2] - Specific measures include the implementation of a "special guarantee plan for supporting technological innovation," and the promotion of a comprehensive support mechanism combining equity, loans, and funds [2] - The plan aims to improve the adaptability of financial products and services for technology enterprises, addressing their unique risk profiles and funding needs [2] Group 3: Pilot Programs and Reforms - Jiangsu has initiated several pilot programs in technology finance, achieving notable results, such as increasing the loan-to-acquisition price ratio for technology enterprise mergers from 60% to 80% and extending loan terms from 7 to 10 years [3] - These reforms are designed to facilitate industry consolidation, particularly for leading enterprises in the technology sector [3]

Group 1 - Hubei Province has achieved a total of 56.22 billion yuan in the "Technology Innovation Special Guarantee Plan," completing 93.7% of its annual target, ranking third nationwide [1][2] - The number of enterprises served by Hubei Science and Technology Financing Guarantee Company has significantly increased, with 1,024 technology-based SMEs receiving support across various strategic emerging industries [1] - The average guarantee fee rate has been reduced to below 0.77%, resulting in an overall financing cost of 3.33% for enterprises, which is relatively low on a national scale [2] Group 2 - The "Guarantee + Credit Enhancement" model has been implemented to help enterprises secure bank loans, providing solid financial support for market expansion, R&D, and capacity expansion [1] - Hubei Province's technology guarantee business has surpassed 28 billion yuan in balance, maintaining a leading position nationwide [2] - The introduction of the "Science and Technology Guarantee Joint Loan" model has provided 3 million yuan in funding to enterprises in urgent need of working capital [1]

Core Viewpoint - The article discusses the recent issuance of the "Several Policy Measures to Accelerate the Construction of a Technology Finance System" by multiple Chinese regulatory bodies, aiming to enhance the synergy between technology and finance to support high-level technological self-reliance and strength. Group 1: Policy Framework and Objectives - The "Several Policy Measures" focus on seven areas including venture capital, monetary credit, capital markets, technology insurance, and bond markets, proposing 15 policy measures that include both upgrades to existing policies and innovative new measures [1][3]. - The measures aim to establish a long-term financial support mechanism for technological innovation, enhance financing arrangements for major national technology tasks, and address the financing difficulties faced by technology-based SMEs [3][4]. Group 2: Financial Support Mechanisms - The People's Bank of China has increased the scale of re-loans for technological innovation from 500 billion to 800 billion yuan and reduced the re-loan interest rate from 1.75% to 1.5% to provide more substantial and precise loan support for enterprises [4][5]. - A "Technology Board" in the bond market is being developed to facilitate the issuance of technology innovation bonds, with around 100 institutions already issuing bonds exceeding 250 billion yuan [5][9]. Group 3: Capital Market Role - The capital market is emphasized as a key hub for supporting technological innovation, with measures to optimize the environment for domestic listings of technology companies and enhance the functions of various market segments [8][9]. - Specific policies are being implemented to support high-quality technology companies, including a "green channel" for those breaking through key core technologies and promoting mergers and acquisitions in the technology sector [9][10]. Group 4: Financial Ecosystem Development - The article highlights the need to cultivate a comprehensive technology finance ecosystem by promoting collaboration among banks, insurance, securities, and equity investment institutions [5][6]. - Financial institutions are encouraged to adopt differentiated strategies for technology finance, including the establishment of independent management mechanisms and the use of technology enterprise innovation points to improve loan approval rates [6][7].

将金融资产投资公司（AIC）股权投资试点范围扩大到18个城市所在省份，支持保险资金参与金融资产 投资公司股权投资试点。支持创业投资机构、产业投资机构发债融资。鼓励社保基金会在自身业务范围 和风险防控要求下开展股权基金投资。 优化国有创业投资考核评价机制。健全符合创业投资行业特点和发展规律的国有资本出资、考核、容错 和退出的政策机制，对国资创业投资机构按照整个基金生命周期进行考核。引导国有资本成为支持创业 投资的长期资本、耐心资本。 5月14日，科技部、中国人民银行、金融监管总局、中国证监会、国家发展改革委、财政部、国务院国 资委联合发布《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》，从创业投 资、货币信贷、资本市场、科技保险、财政政策、央地联动、创新生态等七个方面，提出15项促进科技 金融发展的政策举措。 《金融时报》记者梳理了文件重点内容： 发挥创业投资支持科技创新生力军作用 设立"国家创业投资引导基金"。将促进科技型企业成长作为重要方向，培育发展战略性新兴产业特别是 未来产业，推动重大科技成果向现实生产力转化。 创新财政科技投入方式，用好用足现有的贷款贴息、保险补贴、风险补偿等政策。实 ...