The Shanghai Financial Supervisory Authority issued opinions on promoting the quality and efficiency of technology finance in the banking and insurance industry in Shanghai. Broaden corporate financing channels. Promote the implementation of pilot long-term investment reforms for insurance funds, guide insurance funds to increase investment in venture capital, equity, and merger and acquisition funds in Shanghai, support insurance institutions under its jurisdiction to establish private equity and securities investment funds, and focus on strategic emerging industries and hard technology fields. Deepen cooperation between banks and various funds, establish bank-based information sharing, risk warning and risk-benefit sharing mechanisms, promote the effectiveness of the equity investment pilot for financial asset investment companies in Shanghai, and expand equity financing for technology enterprises through multiple channels. Support asset management institutions to comprehensively use debt and equity instruments to provide comprehensive financial services suited to the needs of technology enterprises at different stages of growth.

The Shanghai Financial Supervisory Authority issued opinions on promoting the quality and efficiency of technology finance in the banking and insurance industry in Shanghai. Broaden corporate financing channels. Promote the implementation of pilot long-term investment reforms for insurance funds, guide insurance funds to increase investment in venture capital, equity, and merger and acquisition funds in Shanghai, support insurance institutions under its jurisdiction to establish private equity and securities investment funds, and focus on strategic emerging industries and hard technology fields. Deepen cooperation between banks and various funds, establish bank-based information sharing, risk warning and risk-benefit sharing mechanisms, promote the effectiveness of the equity investment pilot for financial asset investment companies in Shanghai, and expand equity financing for technology enterprises through multiple channels. Support asset management institutions to comprehensively use debt and equity instruments to provide comprehensive financial services suited to the needs of technology enterprises at different stages of growth.