Ministry of Science and Technology and six other departments: Establish a special mechanism to support bank credit for technological innovation.

The policy measures to accelerate the establishment of a strong technological financial system to support high-level technological self-reliance include: formulating identification standards for technology-based enterprises supported by technological finance, establishing a recommendation mechanism for technology-based enterprises, and facilitating banks and insurance companies to provide precise and effective support. Encouraging commercial banks to establish specialized institutions for technological finance, and to establish technology branches in areas with intensive technological resources. Encouraging qualified banks to explore longer-term internal performance assessment schemes for technological innovation loans, and to establish a due diligence mechanism. Carrying out pilot programs for technology company acquisition loans in selected commercial banks and pilot cities, increasing the loan-to-acquisition transaction price ratio to 80%, and extending the loan term to 10 years.