The People's Bank of China and other departments issued the “Guiding Opinions on Financial Support for the Construction of International Science and Technology Innovation Centers in Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area”. It points out deepening the integration of cross-border financial rules and market connectivity. Benchmark high-standard international economic and trade rules, explore mechanisms to facilitate the cross-border flow of elements such as scientific data and intellectual property rights, and improve the cross-border intellectual property rights protection and financing service system. Deepen cross-border technology finance cooperation on the premise of legal compliance and manageable risks, and support financial institutions to participate in services such as cross-border credit, mergers and acquisitions, and syndicated loans. Steadily promote capital market connectivity. Support eligible technology-based enterprises to issue bonds and finance through models such as “Magnolia Bonds” and “Shanghai Free Trade Offshore Bonds.”

The People's Bank of China and other departments issued the “Guiding Opinions on Financial Support for the Construction of International Science and Technology Innovation Centers in Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area”. It points out deepening the integration of cross-border financial rules and market connectivity. Benchmark high-standard international economic and trade rules, explore mechanisms to facilitate the cross-border flow of elements such as scientific data and intellectual property rights, and improve the cross-border intellectual property rights protection and financing service system. Deepen cross-border technology finance cooperation on the premise of legal compliance and manageable risks, and support financial institutions to participate in services such as cross-border credit, mergers and acquisitions, and syndicated loans. Steadily promote capital market connectivity. Support eligible technology-based enterprises to issue bonds and finance through models such as “Magnolia Bonds” and “Shanghai Free Trade Offshore Bonds.”