Shenzhen issued the Action Plan for Building an Industry Financial Center to promote the precise service of long-term capital for the development of "hard technology".

Recently, the Shenzhen Local Financial Regulatory Bureau and the Shenzhen Securities Regulatory Bureau jointly issued the "Action Plan of Shenzhen City for Leveraging the Role of the Capital Market and Building an Industrial Financial Center". The "Action Plan" aims to construct a first-class innovative capital formation mechanism, focusing on nurturing and strengthening patient capital, serving the development of new qualitative productivity, and proposing several targeted measures. In terms of nurturing and strengthening patient capital, the plan clearly focuses on industries such as artificial intelligence, new energy, and biomedicine, as well as key areas, continuously improving support policies for long-term capital investment in early-stage, small-scale, long-term, and hard technology projects. It also aims to promote state-owned assets and government investment funds to become more responsible long-term, patient, and bold capital, guiding various levels of social financial capital to establish long-term performance appraisal, incentive constraints, and error-tolerant mechanisms.