The People's Bank of China and the Ministry of Science and Technology make arrangements to improve technology finance services in key regions

The Zhitong Finance App learned that recently, the People's Bank of China and the Ministry of Science and Technology jointly issued the “Notice on Improving Technology Finance Services in Key Regions” to guide and promote technology finance services in regions with intensive technology elements such as Beijing, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area.

The “Notice” puts forward relevant requirements to accelerate the development of technology finance systems adapted to scientific and technological innovation in key regions and play a leading demonstration role: First, integrate various policy resources to support the development of technology finance, and improve mechanisms such as evaluation of enterprise science and innovation attributes, investment and financing, and risk sharing and compensation. The second is to increase the intensity and level of financial support, make good use of structural monetary policy tools such as technological innovation and technological transformation and refinancing, and expand loan investment for technology-based enterprises in the jurisdiction. Include underwriting and investment in technology-based corporate bonds in the evaluation of the effectiveness of technology finance services to promote an increase in the scale of issuance of science and technology innovation notes. The third is to focus on the construction needs of science and technology innovation centers and increase financial support for technology-based enterprises, key science and technology projects, and key manufacturing industry chains and clusters within the jurisdiction. Fourth, explore new models of technology finance, and focus on key businesses such as “loans+direct external investment”, merger and acquisition loans, and technology insurance to break through business blockages and improve service efficiency. Fifth, build exchange and cooperation platforms for various financial institutions, technology intermediary service organizations, universities, etc., strengthen information sharing and service linkage, and provide diversified relay financial services for technology-based enterprises. The sixth is to establish a technology finance data sharing platform to guide enterprise credit reporting agencies to innovate value-added credit reporting products in the field of technology finance, strengthen the application of information technology, and raise the level of sharing and use of public information on science and technology. The seventh is to establish and improve mechanisms for evaluating the effectiveness of regional technology finance services, strengthen the application of evaluation results, and form positive incentives.

The full text is as follows:

The People's Bank of China and the Ministry of Science and Technology make arrangements to improve technology finance services in key regions

In order to thoroughly implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and push seven departments including the People's Bank of China and the Ministry of Science and Technology to achieve results, the People's Bank of China and the Ministry of Science and Technology recently jointly issued the “Notice on Improving Technology Finance Services in Key Regions” (hereinafter referred to as the “Notice”) to guide and promote technology finance services in technology-intensive regions such as Beijing, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area.

The “Notice” puts forward relevant requirements to accelerate the development of technology finance systems adapted to scientific and technological innovation in key regions and play a leading demonstration role: First, integrate various policy resources to support the development of technology finance, and improve mechanisms such as evaluation of enterprise science and innovation attributes, investment and financing, and risk sharing and compensation. The second is to increase the intensity and level of financial support, make good use of structural monetary policy tools such as technological innovation and technological transformation and refinancing, and expand loan investment for technology-based enterprises in the jurisdiction. Include underwriting and investment in technology-based corporate bonds in the evaluation of the effectiveness of technology finance services to promote an increase in the scale of issuance of science and technology innovation notes. The third is to focus on the construction needs of science and technology innovation centers and increase financial support for technology-based enterprises, key science and technology projects, and key manufacturing industry chains and clusters within the jurisdiction. Fourth, explore new models of technology finance, and focus on key businesses such as “loans+direct external investment”, merger and acquisition loans, and technology insurance to break through business blockages and improve service efficiency. Fifth, build exchange and cooperation platforms for various financial institutions, technology intermediary service organizations, universities, etc., strengthen information sharing and service linkage, and provide diversified relay financial services for technology-based enterprises. The sixth is to establish a technology finance data sharing platform to guide enterprise credit reporting agencies to innovate value-added credit reporting products in the field of technology finance, strengthen the application of information technology, and raise the level of sharing and use of public information on science and technology. The seventh is to establish and improve mechanisms for evaluating the effectiveness of regional technology finance services, strengthen the application of evaluation results, and form positive incentives.

In the next step, the People's Bank of China and the Ministry of Science and Technology will strengthen policy coordination and information sharing, guide and push branches of the People's Bank of China and science and technology departments in key regions to do their best in technology finance services, improve working mechanisms, strengthen exploration and innovation, optimize supporting policies, improve regional technology finance service systems, cultivate a financial market ecosystem that supports scientific and technological innovation, help build a highland of scientific and technological innovation with high-quality technology financial services, and support the achievement of a high level of technological self-reliance and the construction of a strong science and technology nation.

This article was edited from “The Official Website of the People's Bank of China”; Zhitong Finance Editor: Huang Xiaodong.