On May 22, the State Council Information Office convened a press conference to announce the "Policy Measures for Accelerating the Establishment of a Science and Technology Financial System Supporting High-Level Self-Reliance and Strength in Science and Technology." These measures are designed to deepen the fusion of science and technology with finance, thereby enhancing national self-reliance and strength in scientific and technological domains. The Ministry of Science and Technology will enhance the "Innovation Points System," which has already benefited 7,000 enterprises with a total funding of 88 billion yuan. The People's Bank of China will increase the scale of science and technology loans to 800 billion yuan and lower the interest rate to 1.5% to boost scientific and technological credit services. Additionally, the China Banking and Insurance Regulatory Commission will direct financial institutions to develop science and technology financial strategies. Furthermore, the China Securities Regulatory Commission has streamlined the listing process to facilitate technology enterprises' access to capital market financing, with a cumulative issuance of 1.2 trillion yuan in science and technology innovation bonds.
