The People's Bank of China and three other departments: Enhance the professional capabilities of technology financial services

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China Net Finance, April 2, reported: Yesterday, the People’s Bank of China’s website released a notice stating that in order to implement the decisions and deployments of the CPC Central Committee and the State Council on sci-tech finance, strengthen work coordination and experience exchange among departments and between the central and local levels, and solidly promote the rollout and effectiveness of policy measures for sci-tech finance, on March 31, the People’s Bank of China, the Ministry of Science and Technology, the Financial Regulatory Administration, and the China Securities Regulatory Commission jointly held an exchange and promotion meeting on sci-tech finance work.

The meeting held that over the past year, relevant departments, local governments, and financial institutions further optimized policy measures, and the capability and quality of financial services for sci-tech innovation continued to improve. The volume of lending services to small and medium-sized technology-based enterprises increased, and the strength of risk protection provided by technology insurance continued to be enhanced. The “Science & Technology Sector” in the bond market developed relatively quickly. Venture capital and private equity investments have improved significantly. The organic integration of science and technology with finance has helped keep the capital market steady and generally moving in a positive direction. Through strengthened policy coordination among departments and between the central and local levels, regional-siting characterized practices in sci-tech finance innovation have continued to emerge.

The meeting pointed out that the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the “14th Five-Year Plan” (15-year plan) Outline all uphold the strategic core position of sci-tech innovation in national development, clarify the strategic goal of accelerating high-level self-reliance in science and technology, optimize and adjust the regional layout of international science and technology innovation centers, and set out clear requirements for building a sci-tech finance system that is compatible with sci-tech innovation. Relevant departments and institutions should thoroughly study, learn from, and implement the decisions and deployments of the CPC Central Committee and the State Council, further deepen supply-side structural reforms in finance, improve a diversified financial services system, support international science and technology innovation centers in optimizing the sci-tech finance ecosystem, and continuously enhance how well financial service supply matches the needs of sci-tech innovation.

The meeting emphasized that the period of the “15th Five-Year Plan” is a critical window for building a strong country in science and technology, and sci-tech finance should provide higher-quality services for a stronger country in science and technology. Relevant departments and institutions should pool their efforts and build momentum, continue to improve the mechanisms for sci-tech finance work, and solidly advance all key work throughout the year. Continue to strengthen coordinated interaction among relevant departments, local governments, and financial institutions, expand information sharing, speed up the development of a market for technology factors, and improve the efficiency of financial resource allocation. Strengthen professional capabilities in sci-tech finance services and enrich financial products that fit the characteristics of advanced technology fields. Give full play to the policy roles of sci-tech innovation and technology-moder nization re-loans, the equity investment pilot of financial asset investment companies, merger and acquisition loans, the bond market’s “Science & Technology Sector,” and more—so as to ensure that financial resources are directed more precisely to the field of sci-tech innovation.

(责任编辑:董萍萍 )

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