CCTV News: The Ministry of Science and Technology, the People's Bank of China and other seven departments recently jointly issued the "Several Policy Measures to Accelerate the Construction of a Science and Technology Financial System and Strongly Support High-level Science and Technology Self-reliance and Self-reliance", focusing on building a science and technology financial system that is compatible with scientific and technological innovation.
Policy measures focus on seven aspects: venture capital, monetary credit, capital market, science and technology insurance to support scientific and technological innovation, strengthen fiscal policy guidance, improve the coordinated promotion mechanism of science and technology finance, and improve the science and technology finance ecology, and condense 15 science and technology finance policy measures.
The document proposes to establish a national venture capital guidance fund and support venture capital institutions and industrial investment institutions to issue bond financing. At the same time, the document emphasizes that we should give full play to the important role of monetary credit, optimize structural monetary policy tools such as scientific and technological innovation and technological transformation and re-lending, and encourage banks to explore long-term performance appraisal plans for scientific and technological innovation loans, etc.
In order to better play the role of the capital market as a key hub for supporting scientific and technological innovation, the document proposes to give priority to supporting the listing financing of technology-based enterprises that have made breakthroughs in key core technologies and establish a "technology board" in the bond market. The document also clearly states that science and technology insurance should play the role of shock absorbers and stabilizers that support innovation, explore the development of risk protection in key areas in key areas through a joint insurance system, and encourage insurance funds to participate in major national scientific and technological tasks.
The document also proposes to make good use of policies such as loan interest subsidies and risk compensation to support enterprises' scientific and technological innovation, implement special guarantee plans for scientific and technological innovation, and implement tax policies related to angel investment and venture capital.
