Shanghai: Increase direct financing support to promote early investment in potential unicorn startup projects, including angel funds, venture capital funds, and CVC investments.

The Economic and Information Technology Commission of Shanghai Municipality has issued the "Three-Year Action Plan for Promoting the Accelerated Development of High-Growth Enterprises in Shanghai", in which it mentions increasing support for entrepreneurial funds. It also emphasizes increasing support for direct financing to promote early-stage investment in potential unicorn startup projects by angel funds, venture capital funds, and CVC investments. The plan encourages banks to establish specialized products such as "Entrepreneurship Loans", "Technology Innovation Loans", and "Credit Loans" to facilitate green approval channels for potential unicorn companies, and ensure fast approval and disbursement through a combination of online and offline or fully online approval processes.