The Shanghai headquarters of the central bank, together with the Shanghai Municipal Committee of the United Front Work Department and the Shanghai Federation of Industry and Commerce, held an event for private enterprises to connect with financing, release favorable policies for enterprises, and sign contracts collectively.

On April 28, the Shanghai headquarters of the People's Bank of China, in conjunction with the United Front Work Department of the Shanghai Municipal Committee and the Municipal Federation of Industry and Commerce, held a conference on financial support for the high-quality development of the private economy by 2025 and the advancement of the "government-enterprise-bank" initiative. During the signing ceremony, five equity investment institutions, including the Shanghai Science and Technology Innovation Fund, signed investment intention agreements on-site with five technology-based private enterprises. The invested enterprises are all gazelle or unicorn enterprises, possessing qualifications such as specialized and new enterprises or high-tech enterprises. The total investment amount reached 330 million yuan. By injecting "patient capital" into these enterprises, the aim is to help them break through technical barriers and accelerate the transformation of results. Five financial institutions, including the Industrial and Commercial Bank of China, that have obtained support for refinancing loans for technological innovation and technological transformation from the People's Bank of China, signed agreements with five private enterprises, with a total credit amount of 2.88 billion yuan. Five financial institutions, including the Agricultural Bank of China, that have obtained support for refinancing loans for stock repurchase and increase holdings, signed agreements with five private enterprises, with a total credit amount of 860 million yuan. By fully leveraging the leading role of low-cost funds from the central bank, these initiatives provide strong support for the financing needs of enterprises for large-scale equipment upgrades and market value management.