Shenzhen Financial Regulatory Bureau: Promoting pilot projects for equity investments of financial asset management companies.

On May 13, the Shenzhen Financial Regulatory Bureau issued the "Action Plan for the High-Quality Development of the Banking and Insurance Technology Financial Industry in Shenzhen," proposing to promote the pilot of equity investment in financial asset management companies. Among them, large state-owned banks should deepen strategic cooperation with financial asset management companies and local state-owned capital operation platforms, and strive to promote the establishment of equity investment funds by 5 financial asset management companies in Shenzhen. State-owned large banks and financial asset management companies within the jurisdiction should strengthen internal coordination, enhance the linkage between equity and debt, and provide comprehensive financial services for technology-based enterprises. Encourage local insurance institutions to invest in financial asset management companies in accordance with the law through private equity investment funds issued by subsidiary institutions, bonds issued by financial asset management companies, or investment in financial asset management companies. Support eligible commercial banks within the jurisdiction to establish financial asset management companies, and increase support for technological innovation.