The People's Bank of China, the China Securities Regulatory Commission, and other agencies jointly held an exchange meeting to promote technological financial work.

On May 15, the People's Bank of China, the Ministry of Science and Technology, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a work exchange and promotion meeting on science and technology finance. The meeting emphasized that financial regulatory departments, science and technology departments, and financial institutions should thoroughly implement the decision-making arrangements of the Party Central Committee and the State Council, implement and refine various policy measures to build a science and technology financial system, explore the establishment of institutional mechanisms adapted to technological innovation, comprehensively support technological innovation, vigorously invest in early-stage, small-scale, long-term, and hard technology, accelerate the implementation of policies for technology innovation and technological transformation refinancing, incentivize and guide financial institutions to expand first-time financing for technology enterprises and equipment renewal loans. Better leverage the important role of banks and insurance in serving technological innovation, effectively enhance the lending and investment efforts in the technology field, deeply promote the work of financial asset investment companies, equity investment pilots, and technology enterprise merger and acquisition loan pilots. Construct a "technology board" in the bond market, use technology innovation bond risk-sharing tools to support the issuance of bonds for equity investment institutions. Improve the financial ecosystem supporting technological innovation, promote the "innovation point system," establish a sound mechanism for coordinated promotion of science and technology finance, deepen the marketization of technology elements, and enhance the effectiveness of supporting policies such as financing matchmaking, risk sharing, and information sharing. Financial institutions should further enhance their service capabilities, improve their organizational structure, talent team, and risk management system to adapt to the characteristics of technology-based enterprises, optimize internal mechanisms such as due diligence exemption and performance assessment, improve financial product systems, actively invest in and underwrite technology innovation bonds, and provide high-quality financial services throughout the entire life cycle for technology-based enterprises. Promote Beijing, Shanghai, the Guangdong-Hong Kong-Macao Greater Bay Area International Science and Technology Innovation Centers, the Chengdu-Chongqing region, Wuhan, Xi'an and other regional technology innovation centers to conduct pilot programs in science and technology finance.