Ministry of Science and Technology: Encourage various regions to actively implement pilot projects for science and technology financial policies, and work together to make great strides in science and technology finance.

Question: With the start of the "Fifteenth Five-Year Plan", what are the focal points of China's science and technology work? How will the construction of high-level international science and technology innovation centers be promoted? How can a new pattern of mutual promotion between science and technology innovation and industrial innovation be formed? Xinhua News Agency interviewed Yin Hejun, Secretary of the Party Group and Minister of the Ministry of Science and Technology. Making great achievements in science and technology finance is essential for accelerating the development of new productive forces. What considerations does the Ministry of Science and Technology have regarding this? Response: In May 2025, the Ministry of Science and Technology, together with seven other departments, jointly issued the "Several Policy Measures to Accelerate the Construction of a Science and Technology Financial System, Providing Strong Support for High-level Science and Technology Self-reliance". This has formed a policy "combination punch" for the high-quality development of science and technology finance. The National Venture Capital Guidance Fund has been implemented, the scale of refinancing for scientific and technological innovation and technological transformation has increased to 800 billion yuan, and the bond market's "science and technology board" has been officially launched... These measures effectively guide financial capital to invest early, invest in small companies, invest for the long term, and invest in hard technology. In 2026, we will closely cooperate with financial regulatory authorities and financial institutions to continuously strengthen financial services for national major science and technology tasks and science and technology-oriented small and medium-sized enterprises. In terms of enhancing the synergy between science and technology and finance, we will fully utilize the coordination mechanism of science and technology finance to promote policy implementation, formulate incremental policies, and conduct summary evaluations. We will establish a sound financing coordination mechanism in key scientific and technological fields. In terms of improving policies and measures for science and technology finance, we will promote banks, insurance companies, and venture capital institutions to innovate financial products and service models, strengthen financial support for national major science and technology tasks and key science and technology fields. We will formulate policies to promote the development of science and technology insurance, promote the implementation of "Innovation Credits 2.0", and continuously enhance the financing access of science and technology-oriented small and medium-sized enterprises. In terms of deepening the practice of innovation in science and technology finance, we will coordinate between central and local governments, strengthen comprehensive financial services in key areas such as the three major international science and technology innovation centers, and encourage local areas to pilot science and technology finance policies, jointly making great achievements in science and technology finance.