Shanghai: Guide insurance funds to increase their capital contributions to venture capital, equity, and M&A funds in Shanghai.

The Shanghai Financial Regulatory Bureau issued opinions on promoting the improvement of quality and efficiency of technology finance in Shanghai's banking and insurance sectors. Expand corporate financing channels. Advance the implementation of the pilot reform for long-term investment of insurance funds, guide insurance funds to increase their capital contributions to venture capital, equity, and M&A funds in Shanghai, and support insurance institutions within its jurisdiction in establishing private equity and securities investment funds, with a focus on investing in strategic emerging industries and hard technology fields. Deepen cooperation between banks and various types of funds, establish mechanisms for bank-fund information sharing, risk warning, and shared risk and return, promote the implementation and effectiveness of the pilot for equity investment by financial asset investment companies in Shanghai, and expand equity financing for technology enterprises through multiple channels. Support asset management institutions in comprehensively using debt and equity tools to provide comprehensive financial services tailored to the needs of technology enterprises at different stages of growth.