Core Viewpoint - The Shenzhen Financial Regulatory Bureau has released the "Action Plan" to promote high-quality development of technology finance, outlining 25 policy measures to enhance financial services for technology enterprises and support Shenzhen's goal of becoming a globally influential center for industrial technology innovation [1] Group 1: Overall Requirements and Goals - The Shenzhen Financial Regulatory Bureau aims to provide comprehensive, diverse, precise, and professional financial services to technology enterprises over the next five years, achieving goals of "two quality improvements," "three expansions," and "four efficiency enhancements" [2] - As of March 2025, the loan balance for technology enterprises in Shenzhen is projected to reach 1.23 trillion yuan, with a year-on-year growth of 7.23% [2] Group 2: Tolerance for Non-Performing Loans - The plan encourages banks and insurance institutions to increase their tolerance for non-performing loans, allowing a maximum increase of 3 percentage points for small and micro technology enterprises compared to other loans [3] - The establishment of specialized branches for technology finance is promoted, with 45 technology branches evaluated across key technology resource areas [3] Group 3: Development of Financial Product Service System - The plan emphasizes the need for banks to increase credit loans and medium-to-long-term loans for technology enterprises, establishing an evaluation system centered on R&D capabilities and patent values [4] - Banks are encouraged to collaborate with equity investment institutions to explore new business models such as "loans + external direct investment" [4] Group 4: Pilot Projects Implementation - Shenzhen has initiated pilot projects for technology enterprise merger loans, with a loan balance exceeding 3 billion yuan, positioning itself as a leader among pilot cities [5] - The plan supports banks in providing loan support for strategic mergers and acquisitions in key sectors such as integrated circuits, artificial intelligence, and biomedicine [5] Group 5: Knowledge Property Financial Ecosystem - The plan supports the optimization of knowledge property financial management mechanisms and the establishment of internal evaluation systems for knowledge property value [6] - It encourages state-owned banks to deepen cooperation with financial asset investment companies to enhance support for technological innovation [6] Group 6: Strengthening Collaborative Mechanisms - The plan outlines the establishment of a collaborative mechanism among various departments to enhance policy guidance and support for technology finance [7] - It promotes the development of a special risk compensation mechanism and innovative insurance business risk-sharing mechanisms [7]