The General Office of the People's Government of Sichuan Province issued the “Work Plan to Promote the Whole Society to Increase Investment in Research and Development”, which proposes to increase financial support for scientific and technological innovation. Optimize the assessment mechanism for state-owned innovative investment funds. The investment loss tolerance rate for government-guided funds and state-owned funds is up to 60%. For funds investing in seed stage enterprises or future industries, it can be further raised to 80%, and individual enterprises are allowed to lose up to 100%. Guide and support equity investment institutions to increase their investment in achievement transformation projects and technology-based enterprises, and encourage municipalities that are in a position to do so to give a certain percentage of rewards based on their economic contributions. Improve the backup resource pool for listed companies. The location of the enterprise should support enterprises to carry out shareholding system reform, bond financing, mergers and acquisitions and restructuring, and promote the listing and financing of more enterprises. Make good use of technological innovation and technological transformation to refinance, promote the linkage between the innovation credit system and special guarantee plans, and support technology-based small and medium-sized enterprises to obtain bank loans. Promote the implementation of the “Tianfu Science and Technology Innovation Insurance”, and encourage insurance institutions to develop technology insurance products for technology-based enterprises, high-energy innovation platforms, etc. to carry out core technology research and transformation of scientific and technological achievements. Actively and steadily carry out pilot merger and acquisition loans for technology enterprises, comprehensive pilot intellectual property finance ecosystem, and pilot equity reform for financial asset investment companies.

The General Office of the People's Government of Sichuan Province issued the “Work Plan to Promote the Whole Society to Increase Investment in Research and Development”, which proposes to increase financial support for scientific and technological innovation. Optimize the assessment mechanism for state-owned innovative investment funds. The investment loss tolerance rate for government-guided funds and state-owned funds is up to 60%. For funds investing in seed stage enterprises or future industries, it can be further raised to 80%, and individual enterprises are allowed to lose up to 100%. Guide and support equity investment institutions to increase their investment in achievement transformation projects and technology-based enterprises, and encourage municipalities that are in a position to do so to give a certain percentage of rewards based on their economic contributions. Improve the backup resource pool for listed companies. The location of the enterprise should support enterprises to carry out shareholding system reform, bond financing, mergers and acquisitions and restructuring, and promote the listing and financing of more enterprises. Make good use of technological innovation and technological transformation to refinance, promote the linkage between the innovation credit system and special guarantee plans, and support technology-based small and medium-sized enterprises to obtain bank loans. Promote the implementation of the “Tianfu Science and Technology Innovation Insurance”, and encourage insurance institutions to develop technology insurance products for technology-based enterprises, high-energy innovation platforms, etc. to carry out core technology research and transformation of scientific and technological achievements. Actively and steadily carry out pilot merger and acquisition loans for technology enterprises, comprehensive pilot intellectual property finance ecosystem, and pilot equity reform for financial asset investment companies.