The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Fully Utilizing Direct Financing Functions in Shanghai”, which proposed expanding sources of financial capital. After exploring relevant decision-making procedures, conditions such as differentiated state-owned investment ratios and threshold returns are set for outstanding fund managers to actively attract social security funds, insurance funds, etc. to invest in the establishment of equity investment funds in Shanghai. Guide long-term capital such as insurance and pensions to expand the scale of participation in early stage technology enterprise financing through “preferred share+convertible bonds”. Explore the issuance of structured technology finance products, drawing on the risk stratification design of catastrophe bonds. Encourage the Shanghai State-owned Assets Fund to cooperate with AIC to establish equity investment funds.

The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Fully Utilizing Direct Financing Functions in Shanghai”, which proposed expanding sources of financial capital. After exploring relevant decision-making procedures, conditions such as differentiated state-owned investment ratios and threshold returns are set for outstanding fund managers to actively attract social security funds, insurance funds, etc. to invest in the establishment of equity investment funds in Shanghai. Guide long-term capital such as insurance and pensions to expand the scale of participation in early stage technology enterprise financing through “preferred share+convertible bonds”. Explore the issuance of structured technology finance products, drawing on the risk stratification design of catastrophe bonds. Encourage the Shanghai State-owned Assets Fund to cooperate with AIC to establish equity investment funds.