Report: By 2024, the balance of loans for technology enterprises in Shanghai will be close to 1.3 trillion yuan.

On September 22, the "Shanghai Science and Technology Financial Ecological Annual Observation 2024," jointly compiled by the Shanghai Institute of Science, Shanghai Financial Stability and Development Research Center, Shanghai Technology Entrepreneurship Center, and the Shanghai Branch of the Industrial and Commercial Bank of China, was officially unveiled at the Pujiang Innovation Forum. According to the report, the Shanghai Science and Technology Financial Ecology Index showed a stable trend from 2019 to 2024, with a slight decrease in the ecological index and growth rate in 2024 compared to 2023. The balance of loans to technology-based enterprises in Shanghai reached nearly 1.3 trillion yuan in 2024, and the Shanghai Technology Entrepreneurship Center's technology credit series products accumulated a total of 6.668 billion yuan that year, with the indirect financing structure continuing to improve. The "Key Points of Shanghai Science and Technology Insurance Work in 2024" was issued, and the construction of the Lujiazui New Area as a leading area for technological insurance innovation continued to advance, with the release of the first edition of the "Shanghai Science and Technology Insurance Product Catalog." In 2024, the number and scale of equity investments in Shanghai both showed a certain degree of decline compared to the previous year, ranking second in investment scale among the major provinces and cities in the country, only behind Beijing. The cold winter in the equity investment market continued. In 2024, 18 Shanghai companies went public on both domestic and overseas markets, with more than half of them in the field of hard technology, including 4 companies listed on the Science and Technology Innovation Board, accounting for 22.2% of the total, showing strong support for science and technology innovation and highlighting the role of direct financing.