The Shanghai Financial Supervisory Authority issued opinions on promoting the quality and efficiency of technology finance in the banking and insurance industry in Shanghai. Increase the supply of technology credit products. Strengthen credit support for scientific and technological research and development and transformation of scientific and technological achievements, and provide differentiated support in terms of product quotas, loan terms, pricing mechanisms, and guarantee methods. Banks can determine the specific method for estimating the working capital requirements of technology-based enterprises based on actual management. Support breakthroughs in card neck technology research and development, and help important industrial chain supply chains achieve autonomy and control. Support enterprises to promote technological transformation and equipment upgrades through financial leasing. Support mergers and acquisitions of technology enterprises, and focus on serving “chain owner” enterprises with strong scientific and technological innovation capabilities, high demand for technological transformation, and broad prospects for marketization to carry out industrial integration and smooth capital circulation.

The Shanghai Financial Supervisory Authority issued opinions on promoting the quality and efficiency of technology finance in the banking and insurance industry in Shanghai. Increase the supply of technology credit products. Strengthen credit support for scientific and technological research and development and transformation of scientific and technological achievements, and provide differentiated support in terms of product quotas, loan terms, pricing mechanisms, and guarantee methods. Banks can determine the specific method for estimating the working capital requirements of technology-based enterprises based on actual management. Support breakthroughs in card neck technology research and development, and help important industrial chain supply chains achieve autonomy and control. Support enterprises to promote technological transformation and equipment upgrades through financial leasing. Support mergers and acquisitions of technology enterprises, and focus on serving “chain owner” enterprises with strong scientific and technological innovation capabilities, high demand for technological transformation, and broad prospects for marketization to carry out industrial integration and smooth capital circulation.