Guangzhou: 11 departments jointly issue implementation opinions to support the development of scientific and technological innovation.

According to the Guangdong Branch of the People's Bank of China, in collaboration with the Guangdong Financial Regulatory Bureau, Guangdong Securities Regulatory Bureau, and 11 other departments, they have jointly issued the "Implementation Opinions on Solidly Promoting Technological Financial Development and Supporting the Development of Science and Technology Innovation in Guangzhou". This is the first regional policy initiative supporting science and technology innovation development involving 11 departments since the release of the national policy on technological finance on June 28th. The "Implementation Opinions" require the establishment of a comprehensive and multi-level technological financial service system, including measures to enhance the support capability of the equity market, increase the support for venture capital and private equity investment, broaden the channels for bond financing, strengthen policy support for cross-border fund management, and promote the "gap intervention mechanism" for full-life-cycle financial services. Officials from the Guangdong Branch of the People's Bank of China revealed that the implementation opinions have proposed innovative policies tailored to Guangzhou's specific conditions, such as launching the "Win-Win Plan for Benefitting Enterprises" pilot program, exploring the establishment of a science and technology financial alliance, building a mechanism for collaboration among competitions, investing, and lending, and creating a new model for talent accumulation, including "scientists, entrepreneurs, bankers, and investors".