Original Title: Improving the Quality of Financial Services for Technological Innovation and Actively Supporting Direct Financing of Technological Enterprises
Our reporter Liu Qi
On December 3, the China Banking and Insurance Regulatory Commission issued the “Guiding Opinions on the Banking and Insurance Industry Supporting High-level Technological Self-reliance” (hereinafter referred to as the “Guiding Opinions”) to promote the optimization of scientific and technological financial services for the banking and insurance industry and support high-level technological self-reliance and self-reliance .
The “Guiding Opinions” make differentiated arrangements for coordinating the service technological innovation of various bancassurance institutions. The heads of relevant departments of the China Banking and Insurance Regulatory Commission stated that the “Guiding Opinions” coordinate the promotion of direct financing and indirect financing to complement each other, policy finance and commercial finance work together, and fully consider the advantages and characteristics of banking, insurance, and non-bank financial institutions to mobilize technology finance. Service enthusiasm. Promote developmental and policy banks to optimize internal processes and improve the quality of financial services for technological innovation. Encourage commercial banks to make high-level technological self-reliance and self-reliance as a key service area, strive to achieve continuous growth in the loan balance of technology enterprises and the number of loan holders, and continuously improve the level of comprehensive financial services. Encourage insurance institutions to improve the system of scientific and technological insurance products, form insurance guarantees covering the research and development, production, and sales of scientific and technological enterprises, and increase the guarantee of the quality of scientific research materials and equipment and scientific research results. Support non-bank financial institutions to give full play to their unique advantages and jointly promote the formation of a strong synergy that supports high-level technological self-reliance.
The “Guiding Opinions” also support the innovation of technology financial business products from many aspects, including encouraging banking and insurance institutions to coordinate development and safety, and accelerating the innovation of technology financial products and services on the basis of optimizing and improving the traditional technology and finance business. Encourage banking institutions to extend working capital loan periods in accordance with laws and regulations in accordance with the production and operation cycles of science and technology enterprises, adopt more flexible interest rate pricing and interest repayment methods, and facilitate the innovation and development of science and technology enterprises. Promote the first (set) and new material insurance pilot projects, support the regions with conditions to explore the first version of software insurance, and escort the transfer and transformation of scientific and technological achievements. In addition, bancassurance institutions are encouraged to expand financial services for scientific and technological talents, enrich the types of intellectual property insurance businesses, and meet the diversified financial needs of scientific and technological innovation.
In view of the high risk and high uncertainty of technology companies, the “Guiding Opinions” proposes to actively support technology companies in direct financing. Under the premise of compliance with laws and regulations, controllable risks, and sustainable business, support the investment of venture capital funds and government industrial investment funds by subsidiaries, insurance institutions, and trust companies with investment functions of commercial banks to provide equity financing for the development of technology enterprises. Support asset management products to invest in equity assets including the equity of unlisted technology companies and their right to receive (receive) benefits in accordance with the law, so as to match the maturity of asset management products with the maturity of the assets they invest in and match the growth cycle of technology companies.
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