Core Insights - The article discusses how financial institutions, particularly CITIC Bank, are supporting hard technology companies in overcoming challenges related to high R&D costs and long industrialization cycles through innovative financial products like "Technology Achievement Transformation Loan" [1][2] Group 1: Hard Technology Companies - Xinhuachu, established in 2023, focuses on zinc-nickel flow battery technology, which has been in development since 2015 and has achieved small-scale production after 8 years of research [1][2] - The unique advantages of Xinhuachu's technology include safety and environmental friendliness, addressing the bottleneck of distributed photovoltaic grid consumption, which is currently only 15% in rural areas of China [1][2] - The company has developed a solution that connects transformers and energy storage devices, significantly improving grid consumption capacity from 15% to 50%, tripling the original capacity [2] Group 2: Financial Support and Collaboration - CITIC Bank provided initial credit support during Xinhuachu's angel investment stage, customizing financial service solutions based on technology sources, patent numbers, and key project involvement [2][4] - The bank's "1+2 approval" fast track significantly enhances approval efficiency, alleviating pressure on the company's pilot base upgrades and equipment procurement [2] - CITIC Bank's comprehensive financial services, including bond issuance and asset securitization, are crucial for the growth of companies like Xinhuachu [2] Group 3: Other Hard Technology Innovations - Huashinuo, founded in 2018, specializes in precision ophthalmology and targeted drug development, with several international patents and national research project endorsements [3] - The company has developed innovative medical devices, including a single-use anterior chamber puncture device, aimed at improving precision diagnostics in county-level hospitals [3] - Huashinuo's breakthrough in drug delivery technology has entered clinical trials and has received patents in major global markets, showcasing its potential for treating eye diseases [3][4]

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].