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The People's Bank of China, in conjunction with six other departments, has jointly issued the "Guiding Opinions on Financial Support for New-type Industrialization." These opinions underscore the importance of financial institutions leveraging technologies like big data, blockchain, and artificial intelligence to streamline processes and enhance efficiency in serving the manufacturing sector, with a particular focus on small and medium-sized enterprises. Additionally, the guidelines emphasize the provision of medium- and long-term loan support for critical digital infrastructure, encompassing 5G networks, the industrial internet, data centers, and computing facilities. To further broaden funding avenues, the opinions also advocate for the utilization of financial leasing, real estate investment trusts (REITs), asset securitization, and other innovative financing methods.
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