National Development and Reform Commission: encourage financial institutions to combine with data-driven companies to meet the financing needs, and provide financial services in accordance with market principles.

The National Development and Reform Commission issued a notice today on strengthening the cultivation of innovative digital economy enterprises, which mentions encouraging financial institutions to provide financial services in accordance with market principles in response to the investment and financing needs of innovative digital economy enterprises. It emphasizes strengthening the guidance of venture capital funds, optimizing and improving the evaluation mechanism for state-owned venture investment, and exploring the inclusion of the cultivation of digital economy leading and unicorn enterprises in the evaluation mechanism. It encourages local governments to improve the credit evaluation service system for operating entities, and encourages qualified financial institutions to build credit evaluation models that are in line with the characteristics of innovative digital economy enterprises, improve risk assessment mechanisms, optimize financial product and service models, and effectively increase financial support for innovative digital economy enterprises. Under the premise of legality and compliance and controllable risks, it standardizes the cooperation between banks and investment institutions to provide diversified financial services for innovative digital economy enterprises. It promotes the connection between banks and enterprises, and recommends high-quality projects of innovative digital economy enterprises to financial institutions. It increases support for eligible high-quality innovative digital economy enterprises to list and raise funds.