Beijing is stepping up efforts to address financial difficulties faced by research and technology companies, as it has recently unveiled the Beijing Implementation Plan for Accelerating the Construction of a Sci-Tech Finance System to Robustly Support High-Level, Self-Reliant Sci-Tech Advancement (2025-2027). The plan outlines 20 policy measures across eight key areas, including venture capital investment, monetary credit, capital markets, sci-tech insurance, fiscal guidance, and financial opening-up.

The overall goal established by the plan is that by the end of 2027, the scale of newly established funds in Beijing, aimed at introducing long-term capital and patient capital into the sci-tech sector, will exceed one trillion yuan. Outstanding sci-tech loans and loans to these firms are targeted to reach 5.5 trillion yuan and 2.5 trillion yuan, respectively, with an average annual growth rate higher than the national average and the growth rate of all loans in the city. The plan also seeks to position Beijing among the national leaders in sci-tech innovation bond issuance, sci-tech insurance, listings of sci-tech enterprises, and Real Estate Investment Trusts (REITs).

(Source: Beijing Daily)