People's Bank of China Shanghai Headquarters jointly held a financing matchmaking event for private enterprises.

On April 28th, the Shanghai headquarters of People's Bank of China, together with the United Front Work Department of Shanghai Municipal Committee and the Shanghai Federation of Industry and Commerce, held a conference to promote the high-quality development of private economy in 2025 and advance the collaboration between government, banks, and enterprises. During the signing ceremony, 5 equity investment institutions, including the Shanghai Science and Technology Innovation Fund, signed investment intention agreements with 5 technology-based private enterprises on the spot. These enterprises are all high-growth or unicorn companies, with qualifications such as specialized and new technology enterprises. The total investment amount of the signed agreements is 330 million yuan. Additionally, 5 financial institutions, including Industrial and Commercial Bank of China, who received support for technological innovation and renovation refinancing from People's Bank of China, signed agreements with 5 private enterprises for a total credit amount of 2.88 billion yuan. Agricultural Bank of China and 4 other financial institutions, who received support for stock repurchase and increase refinancing, signed agreements with 5 private enterprises for a total credit amount of 860 million yuan. By effectively leveraging the low-cost funds from the central bank, the initiative aims to support the financing needs of enterprises for large-scale equipment upgrades, valuation management, and other related purposes.