Ministry of Science and Technology and six other departments: Encourage financial institutions to increase support for technological innovation.
The document "Accelerating the Establishment of a Science and Technology Financial System to Provide Strong Support for High-level Technological Self-reliance" mentions guiding financial institutions to further streamline internal lending mechanisms based on the characteristics of technology projects financing. According to the principles of risk control, compliance transparency, and financial sustainability, it is necessary to reasonably determine loan prices and terms, assessment incentive requirements, etc., to support technological development. It also encourages policy banks to adhere to their core business and support technological innovation within their business scope based on their own functional positioning.
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