The Chinese mainland has unveiled a comprehensive plan to enhance science and technology finance, aiming to bolster technological innovation across various sectors.
According to a recent work plan jointly issued by the People’s Bank of China and six other government agencies, the initiative will implement targeted measures to support major national science and technology programs, strategic emerging industries, and the upgrade of traditional industries.
Key components of the plan include the creation of green channels for tech-based enterprises to issue bonds, providing cross-border financing for tech firms, and developing diversified financial services to support the growth of technology companies.
Additionally, the Chinese mainland will refine its policy tools, such as the relending facility to aid technological innovation and transformation, support for small businesses, and the issuance of special bonds dedicated to tech innovation.
This strategic move underscores the Chinese mainland’s commitment to fostering a robust financial ecosystem that underpins the country’s technological advancements and economic growth.
Reference(s):
China unveils plan to boost development of technology finance
cgtn.com
