Heilongjiang Province: Support for biotechnology companies to go public and lower the self-raised capital ratio for biotechnology projects.

The General Office of the People's Government of Heilongjiang Province has issued the "Several Policy Measures to Support the High-Quality Development of the Bio-Manufacturing Industry in Heilongjiang Province", which mentions strengthening financial service support. Support bio-manufacturing companies to be listed on the stock exchange, establish a database of reserve companies after listing, carry out good cultivation of companies in the listing process and provide classification guidance, and help connect with multi-level capital markets. Make good use of the Heilongjiang Angel Investment Fund and Heilongjiang Venture Capital Fund, and according to market principles, provide financial support to eligible bio-manufacturing companies and quality projects. Utilize new policy financial tools to reduce the proportion of capital self-raising for bio-manufacturing projects. Encourage banking financial institutions to innovate financial products such as "New Technology Loan", "Intellectual Property Pledge Loan", "Technology Talent Loan", and "R&D Loan", optimize the credit approval process, and increase financial services supply. Guide government financing guarantee agencies to increase their support for credit enhancement for bio-manufacturing companies, and reduce the financing guarantee rates on the premise of sustainable operations.