Chinanews.com, November 21. According to news from the central bank’s website on the 21st, the People’s Bank of China, the Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, the Banking and Insurance Regulatory Commission, the China Securities Regulatory , Hangzhou, Hefei, and Jiaxing City to build the overall plan for the construction of scientific innovation and financial reform pilot zones.
The plan proposes that in about 5 years, Shanghai, Nanjing, Hangzhou, Hefei, and Jiaxing City's scientific and technological innovation and financial reform pilot areas will be built into demonstration areas for scientific and technological innovation and financial cooperation, product and business innovation clusters, and pilot reform policies. district, a model area for financial ecological construction, and a leading area for deep integration of industry and city.
The main points of the plan are as follows:
Improving the service system of science and technology innovation finance and banking
Encourage commercial banks to set up technological finance divisions, technological sub-branches, specialized institutions for technological innovation finance, etc. in the pilot zone, and authorize the establishment of specialized organizational structure systems, professional management teams, dedicated risk management systems and technical means, and specialized management information System, special incentive assessment mechanism and credit standards for exclusive customers, and explore differentiated management methods.
Encourage local corporate financial institutions in the pilot zone to base their functional positioning and strategic development direction on their own, and focus on supporting science and technology innovation enterprises in accordance with the principle of commercial voluntariness.
Support qualified commercial banks to establish specialized subsidiaries such as wealth management subsidiaries, focusing on the field of technological innovation.
Enrich the format of scientific and technological innovation financial organizations
Support domestic and foreign technology insurance companies to establish headquarters R&D and innovation centers in the pilot zone.
Guide qualified insurance companies in the pilot zone to set up specialized institutions for technology insurance to improve the service capabilities of insurance intermediaries in the field of technology insurance.
Increase the services provided by securities companies and fund management companies in the pilot zone to scientific and technological innovation enterprises.
Support colleges and universities to set up intellectual property management and operation funds, which are used to carry out intellectual property management and operation work such as patent navigation, patent layout, and patent operation, as well as the construction of professional technology transfer institutions and the construction of talent teams.
Vigorously develop venture capital and support the development of various private equity and private securities fund management companies.
Financing guarantee institutions that meet the conditions for equity investment in the pilot zone will be supported to increase their capital.
Support the National Financing Guarantee Fund in signing reinsurance agreements with qualified government financing guarantee institutions, and signing general-to-general guarantee agreements with local corporate banking financial institutions in the pilot zone.
Improve the performance evaluation system of government financing guarantee institutions, increase the number of small and micro enterprises that support scientific and technological innovation, and reduce the requirements for counter-guarantees.
Complementing the financial auxiliary industry chain of science and technology innovation
In accordance with the direction of specialization and marketization, accelerate the development of legal, accounting, management consulting, evaluation and certification, business incubation, intermediary services and other scientific and technological innovation and financial auxiliary service institutions, support financial institutions in establishing background operation and service bases in the pilot zone, and initially build open collaboration, The intermediary service system and back-office system of science and technology innovation finance with complete functions and efficient operation can basically meet the needs of various entities in the pilot zone for technological innovation and financial innovation.
Optimizing the supply of scientific and technological innovation financial products
Encourage financial institutions to evaluate borrowers' financial capabilities and repayment sources in accordance with market-oriented principles, comprehensively consider project cash flow, mortgages and pledges, and provide credit support for major technological innovation and R&D projects in the pilot zone.
Vigorously develop loan products such as intellectual property pledges and equity pledges, further enrich the types of credit loan products, and increase credit loan offerings.
Raise the initial loan ratio for sci-tech innovation enterprises, effectively play the role of insurance companies and guarantee institutions in risk sharing and credit enhancement, and expand the coverage of credit products.
Develop financial products that meet the characteristics of technology trade, innovate the guarantee method and risk management technology for technology intangible asset transaction financing, and support the construction of technology purchase and storage mechanisms.
Support commercial banks with internal assessment capabilities to use the intellectual property assessment results as the basis for decision-making on intellectual property pledge credit.
Support financial institutions to innovate software, big data and other intangible asset value evaluation systems.
Optimize supply chain financial services, support financial institutions to cooperate with supply chain core enterprises, and carry out accounts receivable pledge loans, standardized bills, supply chain bills, factoring and other businesses.
Support commercial banks to use the "forward win-win" interest rate pricing mechanism to carry out non-repayment loan renewal within the scope of risk control, and reduce the financing costs of science and technology innovation enterprises in the pilot zone.
Encourage financial institutions to increase financing support for science and technology innovation enterprises in the pilot zone.
Promoting technological innovation and financial business innovation
Support banking financial institutions to use re-loan and re-discount funds to increase credit extension to qualified science and technology enterprises.
Support commercial banks to strengthen cooperation with venture capital institutions and equity investment institutions on the premise of controllable risks and sustainable business, and innovate and diversify scientific and technological innovation financial service models.
Promote the innovation and development of technological insurance.
Support insurance companies in developing and launching insurance products that meet the needs of science and technology innovation enterprises, and continue to promote biomedical-related liability insurance, first (set) major technical equipment insurance, first-batch application insurance of new materials, network security insurance, and intellectual property pledge loan guarantee insurance , Patent comprehensive insurance products, support the pilot program of the insurance compensation mechanism for the first version of software application, and support insurance companies to carry out financial equity investment in scientific and technological innovation enterprises.
Deepen system and mechanism innovation, guide sunshine funds, seed funds, etc. to invest in start-ups.
Deepen cross-regional cooperation among banking financial institutions
Promote the strengthening of cooperation among banking financial institutions in the pilot zone in project planning, project review and rating, credit line approval, repayment arrangements, credit management, and risk resolution.
Support banking financial institutions in the pilot zone to explore the establishment of a cross-provincial (city) joint credit mechanism under the premise of compliance with laws and regulations, actively develop syndicated loans and other businesses, and give priority to meeting the financing needs of the technology industry and major cooperative projects in the pilot zone.
Encourage innovation in cross-border investment and financing
Under the premise of improving the risk prevention and control mechanism, support overseas-sponsored private equity funds to invest in the equity of domestic scientific and technological innovation companies through qualified foreign limited partners (QFLP), and support qualified domestic institutions to participate in pilot projects through qualified domestic limited partners (QDLP) Mergers and acquisitions of overseas scientific and technological innovation enterprises.
Unimpeded access to listing and financing channels for sci-tech innovation enterprises
Strengthen the construction of the resource pool of listed technology innovation enterprises, and provide incubation, cultivation and classified support for high-quality technology innovation enterprises.
Encourage scientific and technological innovation enterprises to carry out shareholding reform and improve corporate governance.
Encourage scientific and technological innovation companies to go public at home and abroad for financing and listing in regional equity markets, and encourage more high-quality companies in the fields of software, big data, artificial intelligence, etc. to go public domestically.
Support science and technology innovation enterprises in the pilot zone to list on the Shanghai Stock Exchange and Shenzhen Stock Exchange, support qualified science and technology innovation enterprises to list on the Science and Technology Innovation Board, and guide more high-quality intermediaries to provide professional services for science and technology innovation enterprises.
Strengthen the organic connection between the regional equity market and the national stock exchange, give full play to the positive role of the regional equity market in cultivating the listing of enterprises and listing on the New Third Board, and establish a market supervision cooperation and information sharing mechanism.
Support the regional equity market in the pilot zone to carry out private equity fund share registration custody and pledge business.
Promote the sharing of regional equity market data resources in the pilot zone.
Support corporate bond financing in the pilot zone
Under the premise of compliance with laws and regulations, promote the relevant institutions in the pilot zone to issue venture capital fund bonds, special corporate bonds for double entrepreneurship and incubation, special bonds for double entrepreneurship and innovation, and Yangtze River Delta collective bonds in the inter-bank bond market, exchange bond market, and regional equity market. Bonds, financial bonds for innovation and entrepreneurship, corporate bonds for innovation and entrepreneurship, and private placement convertible bonds, etc., explore the issuance of high-yield bonds for technology-based small and medium-sized enterprises.
Optimize the bond registration service mechanism for science and technology innovation enterprises in the pilot zone, and implement instant report and verification to provide convenience for science and technology innovation enterprises to issue bonds.
Explore methods such as relying on credit enhancement of financing guarantee institutions to improve the bond financing credit enhancement mechanism of science and technology innovation enterprises, and reduce the cost of bonds and bond financing risks of science and technology innovation enterprises.
Support eligible local legal person financial institutions in the pilot zone to apply for membership in relevant financial factor markets in Shanghai.
Strengthen the cultivation and guidance of equity investment funds
Strive for the establishment of national major industrial investment funds in the pilot zone, and increase supporting support for science and technology innovation funds in the pilot zone, especially private science and technology innovation funds.
Promote cooperation in the field of industrial investment funds in the pilot zone to effectively meet the financing needs of major technological innovation and R&D projects in the pilot zone.
Support the development of second-hand share transfer funds (S funds), promote the transfer and exit of equity investment and venture capital shares, and effectively enhance the ability of venture capital capital to serve technological innovation.
Strengthen the docking and cooperation between investment funds in the pilot zone and universities and scientific research institutes, and use existing scientific and technological innovation sub-funds to support the transformation of scientific and technological achievements through market-oriented means.
Research and explore the appropriate relaxation of the investment limit for a single investment project of government investment funds in the pilot zone, moderately increase the investment fault tolerance rate, explore a positive assessment and incentive mechanism based on indicators such as the number of incubated enterprises, and encourage the optimization of government investment funds and state-owned venture capital capital exit mechanism arrangements, Encourage exit through market-oriented methods such as agreement transfer, listing, repurchase, etc.
Optimizing the Fintech Ecosystem
Optimize the strategic spatial layout of fintech, guide the agglomeration of fintech industries in the pilot zone, and form the advantages of fintech linkage development.
Support high-quality financial technology projects to enter the incubation headquarters base in the pilot zone.
Promote the construction of "Internet of Everything" infrastructure represented by the fifth-generation mobile communication (5G) and the Internet of Things in the pilot area, strengthen the layout of 5G technology in the fields of smart financial technology and smart cities, and promote the construction of the "Sensing City" Internet of Things system .
Focusing on the construction of pilot demonstration cities for the innovation and development of national cloud computing services, promote the construction of smart cloud infrastructure for the "next generation Internet + cloud computing platform", and actively build a large-scale and open financial cloud service platform.
Deeply promote the construction of "urban data brain" and create a "urban financial brain" with big data, dynamics and visibility.
Deepen the development and application of financial technology
Guide financial institutions to use data mining, machine learning and other technologies to optimize risk prevention and control, and improve the accuracy and timeliness of risk identification and disposal.
Support the development of high-level digital new infrastructure in the pilot area, and provide cross-industry and cross-regional basic resource sharing.
Support financial institutions, sci-tech innovation enterprises, credit reporting agencies, and credit rating agencies in the pilot zone to actively use technologies such as big data and artificial intelligence to establish credit scores, internal credit ratings, and risk prevention and control models that conform to the characteristics of sci-tech innovation enterprises.
Support high-quality credit rating agencies at home and abroad to innovate the rating methods of scientific and technological innovation enterprises in a quality-oriented manner, carry out ratings of scientific and technological innovation enterprises in accordance with laws and regulations, and promote credit investigation agencies to innovate credit investigation products and services in terms of risk prevention and control, anti-fraud, and precision marketing.
Under the premise of compliance with laws and regulations and controllable risks, actively develop intelligent financial services such as smart credit, smart investment consultants, and smart investment research and development.
Under the premise of compliance with laws and regulations and controllable risks, actively explore the safe application of blockchain technology in financial scenarios such as supply chain finance, trade finance, transaction settlement, and credit investigation, support the construction of the Yangtze River Delta credit chain, and promote the Yangtze River Delta Integrated development of letter.
Support higher education institutions, research institutions and financial technology companies in the pilot zone to strengthen cooperation.
Support regional equity markets in the pilot zone to carry out blockchain application pilots, and establish an account docking mechanism between regional equity markets and China Securities Depository and Clearing Co., Ltd.
Strengthen the innovative application of financial information technology
Adhere to problem orientation and application orientation, encourage financial institutions in the pilot zone to explore bravely, and cooperate with industrial organizations to promote iterative upgrades of information technology products to ensure the stable operation of financial information systems.
Establish a mechanism for revealing the list and taking command, and support both parties in the industry and finance to explore a cooperation model of joint technology research, joint scene construction, and shared results, and develop innovative financial-level information technology products.
Guide the effective allocation of resources through market demand, and strengthen the connection between the financial information technology innovation chain and the industrial chain.
Support the pilot zone to actively undertake research and development tasks related to national science and technology plans and support the Shanghai Stock Exchange to establish an information technology innovation base and alliance for the securities fund industry.
Support the establishment of a national financial technology research and development institution in Shanghai Pudong New Area, build a financial information technology innovation platform, and accelerate the transformation of results.
Improve regional innovation capabilities
Give full play to the advantages of science and technology and industry in the Yangtze River Delta, and rely on service platforms such as the National Technology Transfer Eastern Center and Anhui Innovation Center in the pilot zone to accelerate the construction of a six-in-one transformation of scientific and technological achievements with enterprises as the main body, market-oriented, and "government-industry-university-research-funding" service system.
Promote the high-quality development of national university science and technology parks in the pilot zone, gather innovative resources, promote the transfer and transformation of scientific and technological achievements, and support regional economic development.
Deepen the construction of innovation carriers such as the Tsinghua Yangtze River Delta Research Institute, strengthen cross-regional innovation and innovation cooperation, and jointly build a national-level scientific and technological achievements incubation base and innovation and innovation demonstration base.
Encourage financial institutions to support the transformation of scientific and technological achievements of national science and technology planning projects, national key laboratories and research platforms, and support the development of seed-stage scientific and technological innovation enterprises.
Relying on the national agricultural high-tech industry demonstration zone, explore a new mechanism for financial support for the development of agricultural science and technology.
Strengthen intellectual property services
Relying on the Shanghai Technology Exchange, the Jiangsu Technology Property Rights Exchange Market, and the China Zhejiang Online Technology Market in the pilot zone, a technology transfer service platform in the Yangtze River Delta will be established to accelerate the transfer and transformation of regional scientific and technological achievements.
Support the introduction of a group of professional, market-oriented, and international "intellectual property + finance" service organizations, and build an "Internet + finance + intellectual property" platform.
Support the establishment of intellectual property protection centers, improve the service capabilities of intellectual property platforms, actively develop intellectual property pledge financing, etc., improve the intellectual property financing mechanism, issue financial products such as intellectual property insurance and trust, and provide systematic solutions for intellectual property financing of scientific and technological enterprises Program.
Promote the sharing of scientific and technological innovation information
Explore and promote the interconnection of sci-tech innovation and financial information in the test zone, break down the government information barriers in the test zone, and realize the sharing and sharing of credit information and financial services for sci-tech innovation enterprises.
Build and improve the national integrated financing credit service platform network, rely on the national integrated financing credit service platform network to strengthen the collection and sharing of information on water, electricity, social security, provident funds, and warehousing and logistics, and strengthen the interconnection between local platforms and national platforms.
Support the cities in the pilot zone to carry out in-depth cooperation in the fields of business incubation, financial innovation, achievement transformation, technology transfer, and technological services, promote the interconnection of scientific and technological innovation, and promote the cross-regional flow of scientific and technological achievements.
Promoting the construction of financial standards for science and technology innovation
Compile the standards for science and technology innovation finance such as the evaluation norms for specialized institutions of science and technology innovation finance in the pilot zone.
Explore the establishment of a unified evaluation standard for scientific and technological innovation enterprises, establish a database of scientific and technological innovation enterprises, an information database for the construction of key scientific and technological projects, and develop an evaluation model for the growth of scientific and technological innovation enterprises.
Formulate standardized cultivation and service standards for scientific and technological innovation enterprises, promote the standardization and precision of various financial formats such as banking, securities, insurance, venture capital, and guarantees, and support the development of scientific and technological innovation enterprises.
Improving the level of financial regulatory technology
Support the construction of a provincial-level financial digital supervision platform, and use financial technology to improve the identification, early warning, penetration and disposal capabilities of cross-market, cross-business, and cross-regional financial risks.
Explore methods such as embedding data mining algorithms, multi-dimensional data extraction, and visual presentation of core indicators to help build a comprehensive statistical system for the financial industry.
Support Nanjing, Hefei, and Jiaxing to promote and implement fintech innovation supervision tools.
Promote the pilot work of financial technology innovation in the capital market of the Securities Regulatory Commission.
Promote the improvement of regional big data system construction, and explore the innovative application of data sharing and data intelligence in scientific and technological supervision.
Organize licensed financial institutions and technology companies to participate in the testing of financial technology innovation regulatory tools, establish and improve relevant rules, explore the use of information disclosure, social supervision, standardization, regulatory technology and other means, and establish an inclusive and prudent financial regulatory technology practice model.
Strengthen the joint prevention and control of scientific and technological innovation and financial risks
Promote the establishment of an automated data collection and processing channel for science and technology innovation finance and a localized regulatory data resource library, build a financial risk monitoring platform, and strengthen risk monitoring, early warning and early intervention.
Strengthen the monitoring, analysis and early warning of cross-border capital flows, and improve macro-prudential management under two-way opening conditions.
Focusing on key links such as science and technology innovation loans, listing of science and technology enterprises, private equity, venture capital, and intellectual property rights, regularly analyze the financial risk situation in the pilot zone.
Support financial institutions in formulating and implementing risk management and internal assessment methods for sci-tech innovation finance, and building a risk management system that matches the sci-tech innovation industry.
Improve financial information, risk management, prevention and disposal of illegal fund-raising, anti-money laundering, financial consumer and investor rights protection, network security protection and other financial risk joint prevention and control mechanisms, and establish and improve cross-regional and cross-departmental financial administrative law enforcement and judicial coordination Disposal mechanisms to crack down on illegal financial activities.
Strengthen organizational leadership
Under the guidance of the Leading Group for Promoting the Integrated Development of the Yangtze River Delta, Shanghai City, Jiangsu Province, Zhejiang Province and Anhui Province established a leading coordination group for innovation and financial reform, combined with their own location advantages and industrial foundations, made overall arrangements, clarified the division of labor, and established joint work Mechanism, decomposition and implementation of reform tasks, regular communication and discussion, timely resolution of new situations and new problems in the construction of the pilot zone, to ensure that the policies introduced are implemented steadily and are effective.
Relevant departments of the State Council should strengthen communication with Shanghai City, Jiangsu Province, Zhejiang Province, and Anhui Province, and actively provide guidance and assistance.
Major policy breakthroughs encountered in the reform experiment process shall be submitted for approval according to the procedure according to the principle of "one case, one report".
Strengthen supporting support
Strengthen information integration, improve the investor protection system, and take multiple measures to correct market failures.
Deepen cooperation in talent training among institutions of higher learning, research institutions, financial institutions, and science and technology innovation enterprises, increase efforts to introduce high-end talents at home and abroad, improve the use of talents and incentive mechanisms, and accelerate the formation of a policy support system covering all types and levels of talents in science and technology innovation and finance .
Promote the sharing of talent information and service policy docking in the pilot zone.
Do a good job in monitoring and evaluation
Shanghai, Jiangsu Province, Zhejiang Province, and Anhui Province’s Science and Technology Innovation Financial Reform Leading Coordination Group conduct regular monitoring, analysis, and dynamic assessment of major plans, major projects, major projects, major initiatives, and major events, strengthen research on key reform projects, and timely summarize possible results. Replicable, scalable experience.
Establish statistical monitoring indicators and monitoring and evaluation mechanisms for science and technology innovation finance, organize experts in relevant fields to evaluate pilot projects, and regularly report the evaluation status.
(China New Finance and Economics)