On March 31st, the People's Bank of China, in collaboration with the Ministry of Science and Technology, the National Financial Regulatory Administration, and the China Securities Regulatory Commission, organized a pivotal conference aimed at fostering enhanced collaboration in the realm of technology finance. The gathering highlighted that the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, the Central Economic Work Conference, and the Outline of the 15th Five-Year Plan all emphasize the pivotal role of technological innovation as a cornerstone of national development. These platforms have articulated a clear strategic vision: to expedite the attainment of high-level technological self-sufficiency and robustness, and to lay down the framework for a technology finance system that is in harmony with the dynamics of technological innovation.

The conference mandated that pertinent departments and institutions must fully execute the decisions and directives emanating from the Party Central Committee and the State Council. This entails a deepening of structural reforms within the financial supply side, the refinement of a multifaceted financial services architecture, and the provision of robust support for the optimization of the technology finance ecosystem within international technology innovation hubs. Ultimately, the goal is to heighten the responsiveness and adaptability of financial services to meet the evolving demands of technological innovation.