Promoting a virtuous cycle of technology, industry, and finance (authoritative release) Technology achievements | Fund | Technology

Release time:Apr 14, 2024 11:11 AM

At the State Council's regular policy briefing held on July 27, the heads of relevant departments introduced the situation of "financial support for technological innovation to strengthen and optimize the real economy" and answered questions from reporters.

Technology oriented enterprise loans continue to maintain a relatively fast growth rate

Zhang Qingsong, Vice President of the People's Bank of China, introduced that in recent years, financial management departments have taken multiple measures and implemented comprehensive measures to continuously enhance the intensity and level of financial support for technological innovation.

The financial and market systems for science and technology innovation continue to improve. Preliminary construction of a comprehensive and multi-level science and technology innovation financial service system, including bank credit, bond market, stock market, venture capital, insurance, and financing guarantee.

Technological enterprise loans continue to maintain a relatively fast growth rate. As of the end of June this year, the balance of medium and long-term loans in high-tech manufacturing industry was 2.5 trillion yuan, a year-on-year increase of 41.5%, maintaining a high growth rate of over 30% for three consecutive years; The balance of loans for technology-based small and medium-sized enterprises reached 2.36 trillion yuan, a year-on-year increase of 25.1%, maintaining a high growth rate of over 25% for three consecutive years; The balance of loans for specialized, refined, and new enterprises nationwide was 2.72 trillion yuan, a year-on-year increase of 20.4%, maintaining a growth rate of over 20% for three consecutive years.

The function of capital markets in serving technology-based enterprises has significantly enhanced. Launch bond products such as sci-tech bills and sci-tech corporate bonds to expand direct financing channels for technology-based enterprises. Establish the Science and Technology Innovation Board and the Beijing Stock Exchange to deepen the reform of the New Third Board. Guide the sustainable and healthy development of venture capital and private equity investment funds. As of the end of June this year, the balance of science and technology innovation bills and corporate bonds was about 450 billion yuan, and the management scale of venture capital and private equity investment funds was nearly 14 trillion yuan.

The convenience of cross-border financing for technology-based enterprises has been further deepened. Steadily promote the pilot policy of facilitating cross-border financing, allowing small and medium-sized high-tech enterprises to independently borrow foreign debt within a certain amount. Promote the pilot program of foreign exchange management for qualified overseas limited partners, and encourage and guide foreign investment in domestic technology-based enterprises through private equity funds. Optimize the centralized and convenient policies for cross-border funds of multinational corporations, help technology-based enterprises improve the efficiency of fund application, and reduce financial costs.

The pilot zone for scientific and technological innovation financial reform is steadily advancing. Establishing science and technology innovation financial reform pilot zones in 7 cities including Beijing and Shanghai, forming a group of replicable and promotable experience and practices.

Zhang Qingsong stated that in the next step, the financial management department will improve a service system that is more suitable for the financing needs of various technology-based enterprises and more sustainable in business, and promote more financial resources to be invested in the real economy and innovation fields.

The guidance of social capital investing in early and small investments in hard technology continues to highlight

Vice Minister of Science and Technology Wu Chaohui introduced that the Ministry of Science and Technology has made opening up channels for science and technology, industry, and finance a key focus of the reform of the science and technology system.

Give full play to the incentive effect of monetary policy tools for refinancing. We will implement a 400 billion yuan technology innovation refinancing program with the People's Bank of China, guiding 21 national financial institutions to provide low-cost credit support to eligible high-tech enterprises.

The differentiated technology financial service model continues to be optimized. Implementing 10 billion yuan special bonds with the National Development Bank to promote the transformation of achievements; Carry out special actions with Industrial and Commercial Bank of China to support thousands of new high-tech enterprises annually; Strengthen financial services by closely linking with Agricultural Bank of China in the Agricultural Science and Technology Park; Support the establishment of a science and technology innovation collaborative development mother fund with a target scale of 30 billion yuan by Bank of China; Include China Construction Bank in the pilot reform of national science and technology achievement evaluation, and optimize science and technology credit services.

Give full play to the role of the National Science and Technology Achievement Transformation Guidance Fund, and the guidance of social capital investment in early investment and small investment in hard technology continues to be highlighted. The conversion fund has currently established 36 sub funds, driving social capital investment of over 100 billion yuan at the project level. Among the invested enterprises, small and medium-sized enterprises account for over 90%.

Strengthen the sharing and utilization of technological data and the construction of credit models. Sharing information on 400000 high-tech enterprises and 500000 technology-based small and medium-sized enterprises with financial institutions, implementing the "Enterprise Innovation Points System" in the high-tech zone, and obtaining a bank credit of 117.86 billion yuan for point enterprises in 2022.

Wu Chaohui stated that the next step will be to deepen the reform of the science and technology system, promote more precise and systematic measures for science and technology finance, and deepen the virtuous cycle of science and technology industry finance.

Increase financial support for digital transformation of small and medium-sized enterprises

Mou Shuhui, the person in charge of the Small and Medium sized Enterprises Bureau of the Ministry of Industry and Information Technology, introduced that over 12000 specialized, refined, and new "little giant" enterprises, 98000 specialized, refined, and new small and medium-sized enterprises, and over 200000 innovative small and medium-sized enterprises have been cultivated nationwide, playing an important role in strengthening and stabilizing the industrial chain.

Guide financial resources to increase support for specialized, refined, and innovative small and medium-sized enterprises. The Ministry of Industry and Information Technology, in conjunction with the China Securities Regulatory Commission, has promoted the establishment of specialized, refined, special, and new boards in 9 regional equity markets. Currently, more than 1600 specialized, refined, special, and new small and medium-sized enterprises have been listed on the A-share market, accounting for more than 30% of all A-share listed enterprises.

Through financing support, cultivate more enterprises to grow into specialized, refined, and innovative small and medium-sized enterprises. The Ministry of Industry and Information Technology and the Ministry of Finance have implemented a policy of reducing fees, rewards and subsidies for financing guarantees for small and micro enterprises for six consecutive years. By leveraging the guidance and driving role of the National Fund for the Development of Small and Medium sized Enterprises, a total of 31 sub funds have been established, with over 1100 investment projects. Among them, more than 200 enterprises have grown into specialized, refined, and innovative "little giant" enterprises.

Mou Shuhui stated that the next step will be to strengthen the integration of industrial policies with financial policies and fiscal policies, jointly implement the "one chain, one policy, one batch" financing promotion action for small and medium-sized enterprises, continuously expand financing channels for small and medium-sized enterprises, encourage financial institutions to increase support for digital transformation of small and medium-sized enterprises, innovation and integration of large and small enterprises, and cultivation of characteristic industrial clusters for small and medium-sized enterprises.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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