(Economic Observation) "Multi-chains" of industrial funds integrated with financial water "watering" the blossoming of science and technology innovation

  China News Agency, Shanghai, January 9th (Gao Zhimiao) 124 companies, the initial public offering (IPO) raised about 240 billion yuan (RMB, the same below), accounting for four quarters of China's A-share net raised in the whole year. Success, this is the "transcript" of the Science and Technology Innovation Board in 2022.

Since the Sci-Tech Innovation Board was launched more than three years ago, as of now, there are 502 listed companies with a total market value of over 6 trillion yuan, supporting the development of "hard technology" enterprises.

  Fu Ziheng, general manager of Huaxin Securities Private Equity Fund Research Center, told reporters from China News Agency that the establishment of the Science and Technology Innovation Board and the pilot registration system will give full play to the functions of the registration system and undertake the functions of supporting and guiding the country's strategic emerging industries. Judging from the results of more than three years of experiments significantly.

A group of unicorn enterprises, a large number of enterprises with technological content and great strategic value and potential for social innovation and development, have received capital support and are thriving.

  The "experimental field" of reform continues to be optimized. The Shanghai Stock Exchange recently revised and issued the "Shanghai Stock Exchange Interim Regulations on the Issuance and Listing Application and Recommendation of Enterprises on the Science and Technology Innovation Board", stating that it will further strengthen the construction of the system and mechanism of the Science and Technology Innovation Board to support technological innovation, focusing on support The listing of "hard technology" companies will help the high-level cycle of technology, capital and the real economy, support high-level technology self-reliance, improve the quality of listed companies from the source, and continue to promote the high-quality development of the Science and Technology Innovation Board.

  While the "flowing capital" is watering the "flowers of science and technology innovation", the banking industry is also "blood transfusion" for science and technology innovation enterprises through business innovation.

Situ Qiao, vice president of Shanghai Branch of Hua Xia Bank, said that compared with traditional industries, technology-based industries have distinct growth characteristics, but the characteristics of light assets and non-mortgage of technology innovation enterprises have certain conflicts with traditional bank credit methods.

In response to the mismatch between the traditional banking service model and the needs of science and technology innovation enterprises, in recent years, the banking industry has also been actively seeking changes, exploring new service models from resource support, product innovation, process optimization and other aspects.

  Situ Qiao introduced that Huaxia Bank Shanghai Branch has special policy guidance on financial support for technological innovation.

"We take inclusive finance as the main carrier to promote the implementation of sci-tech innovation financial services, set up an inclusive exclusive team, and build a relatively mature inclusive financial service system. We have launched a variety of financing products for sci-tech innovation enterprises, such as 'specialized "Jingte New Loan" product; established a cooperation platform with guarantee funds and insurance companies, and launched "Entrepreneurship Loan" to meet the financing needs of start-ups."

  The integration of finance and technology innovation is also advancing.

In 2022, eight departments including the People's Bank of China jointly issued the "Overall Plan for the Construction of Scientific and Technological Innovation and Financial Reform Pilot Zones in Shanghai, Nanjing, Hangzhou, Hefei, and Jiaxing" to promote the reform of scientific and technological innovation and finance in five cities and increase financial support Innovation.

  Liu Bin, director of the Financial Research Office of the China (Shanghai) Pilot Free Trade Zone Research Institute (Pudong Reform and Development Research Institute), said that the construction of the Yangtze River Delta's science and innovation financial reform pilot zone can bring strong support for technological innovation, and at the same time provide financial, technological and industrial Integration explores new paths and new models, and promotes industry, technology and financial linkage and coordination from the level of the industrial chain.

  He emphasized that the leading and supporting role of key technology-based enterprises should be used to create a good environment conducive to the growth of small, medium and micro technology-based enterprises, and promote the deep integration of innovation chains, industrial chains, capital chains, and talent chains.

Finance should increase the use of financial technology to serve the financing of small, medium and micro enterprises, promote the integration and interaction of finance, technology and industry, and deploy capital chains around innovation chains and industrial chains.

  Zhang Yunfeng, general manager of Shanghai Equity Custodian Trading Center, also said that to better support the development of the real economy in finance, it is necessary to reduce indirect financing and increase the proportion of direct financing.

"It is necessary to vigorously develop a multi-level capital market, so that more companies can be listed, and the capital market can be operated, so that social capital will be transferred to the real economy. At the same time, it is also necessary to vigorously develop technology and finance, so that start-ups and enterprises in remote areas Get continuous service." (End)