Jiangsu: Introduce and cultivate more long-term funds and patient capital, improve the precise cultivation mechanism of listing of technology-based small and medium-sized enterprises.

On September 19, a symposium on the high-quality development of the financial industry in Jiangsu Province was held. Governor Xu Kunlin attended the meeting and delivered a speech. Xu Kunlin emphasized the need to solidly carry out current financial work, further support the comprehensive expansion of domestic demand, accelerate the deep integration of scientific and industrial innovation, effectively and orderly prevent and resolve financial risks, and empower the high-quality development of the province with high-quality financial supply. It is necessary to continuously improve the quality and efficiency of financial services to the real economy, strengthen financial services for commodity consumption from both supply and demand sides, increase the supply of financial products for education, medical care, elderly care, and other service consumption, fully utilize and manage financial "living water" to safeguard major projects, accelerate the formation of financial service methods that match the development of the real estate industry, and provide high-quality financial supply to support the expansion of domestic demand. It is important to better leverage the driving role of the provincial strategic emerging industry fund, introduce and cultivate more long-term funds and patient capital, improve the precise cultivation mechanism for technology-based SMEs to go public, and establish a complete financing mechanism involving "concept verification + allocation + fund support + credit service" to create an efficient atmosphere for cooperation and innovation among scientists, entrepreneurs, and investors. It is necessary to expand the financing channels for private enterprises, such as stocks, bonds, and loans, guide financial institutions to innovate and develop products and services, continuously expand the scale of inclusive loans to small and micro enterprises, and non-repayment renewal loans. It is important to promote financial market reform and opening up with greater strength and depth, strengthen and improve legal entity financial institutions, concentrate efforts on promoting high-level financial opening to the outside world, and build a modern financial institution and market system. It is essential to comprehensively strengthen local financial supervision, continue to do well in converting debt into capital through financial support, orderly promote the reform of risk conversion in small and medium-sized financial institutions, crack down on illegal financial activities, and firmly adhere to the bottom line of financial security.