Modern new-type industrialization is a key task to comprehensively promote the construction of a powerful country and the rejuvenation of the nation with Chinese path to modernization. Recently, seven departments including the People's Bank of China and the Ministry of Industry and Information Technology jointly issued the Guiding Opinions on Financial Support for New Industrialization (hereinafter referred to as the Opinions), focusing on the needs of major strategic tasks of new industrialization, and launched 18 targeted support measures. The Opinion proposes that by 2027, the financial system supporting the high-end, intelligent, and green development of the manufacturing industry will be basically mature. Experts believe that this will effectively enhance the strength, accuracy and effectiveness of financial support for new industrialization, provide high-quality financial services for building a modern industrial system, solidly promoting new industrialization, and accelerating the development of new quality productivity, effectively promote the all-round improvement of China's industrial competitiveness, and lay a solid foundation for the realization of Chinese path to modernization. On August 4, to strengthen industrial and financial cooperation, Hainan Commercial Space Launch Site successfully launched 07 sets of satellite Internet LEO satellites using the Long March 12 carrier rocket. The set of satellites launched this time is developed by Galaxy Aerospace (Beijing) Technology Co., Ltd. This is the first time that a private commercial aerospace company has mass developed such satellites, becoming a microcosm of China's technological self-reliance, accelerated industrial upgrading, and continuous growth of new quality productivity. From commercial aerospace to high-end equipment manufacturing, from artificial intelligence to new materials, a number of high-energy platforms and high growth enterprises have emerged in multiple cutting-edge fields, which cannot be separated from the strong driving force of deep integration of finance and industry. Li Liuying, Associate Researcher at the China Electronics Information Industry Development Research Institute, stated that as an important factor resource, finance is a crucial driving force and accelerator for achieving new industrialization. In recent years, with the continuous deepening of industry finance cooperation, China is forming a multi-level financial service system to assist in the construction of a manufacturing and financial powerhouse. In 2021, the Ministry of Industry and Information Technology established the National Industry Finance Cooperation Platform to provide customized and intelligent financial services for enterprises and financial institutions. Since its launch, the platform has guided financial resources to accurately meet the financing needs of enterprises, supported the implementation of special policies such as technology innovation and technological transformation re lending, stable chain and supply guarantee, and supported the implementation of key tasks such as high-quality development of key industrial chains, digital transformation of manufacturing industry, gradient cultivation of small and medium-sized enterprises, and industrial technology innovation. It has promoted the online management of industrial and financial policies and public services, intelligent data analysis and information docking, capacity building and ecological cooperation among multiple parties, and achieved positive results. According to data from the Ministry of Industry and Information Technology, relying on the national industry finance cooperation platform, more than 3100 financial and investment institutions have focused on the urgent needs of manufacturing enterprises, launched more than 800 financial products, and helped enterprises achieve a cumulative financing scale of over 1.2 trillion yuan. In the first half of the year, the A-share market raised 148.8 billion yuan in funds for industrial and information technology enterprises through initial public offerings, additional issuances, and convertible bonds, a year-on-year increase of 51.6%. Finance plays a key role in resource allocation, risk mitigation, and innovation catalysis, helping to strengthen the backbone, stabilize the foundation, and add vitality to industrial development. ”Associate Professor Lu Bing from the School of Statistics at Beijing Normal University stated in an interview with reporters that efforts should be made to accelerate the construction of a modern financial system that is compatible with the new industrialization, including institutional construction, tool innovation, and capacity enhancement. In recent years, the deep integration of industry and finance has been continuously promoted to support key industries. Financial resources continue to converge towards key industries, innovation resources are accelerating, the pace of enterprise technological research and development is accelerating, the synergy effect of the industrial chain continues to strengthen, and more key technologies and cutting-edge achievements are being transformed into real productivity. Financial support is a key driving force for industrial transformation and development, which is of great significance for accelerating enterprise innovation, optimizing resource allocation, strengthening the coordinated development of enterprise industrial chains, and cultivating new quality productivity. ”Li Fangfang, Deputy General Manager and Researcher of Huaxin Industry Research Company, said. The Opinion proposes to introduce long-term funds and develop patient capital to accelerate the transformation of scientific and technological achievements. Experts say that this will further activate technological research and development resources and achievements, promote the deep integration of technological innovation and industrial innovation, and help develop new quality productivity. At the Beijing Medical Robot Industry Innovation Center, high-end medical devices represented by surgical robots have completed pilot tests and are moving towards industrialization. At present, the Innovation Center has built a high-end medical device CDMO (Medical Contract Research and Development Production Organization) platform and a medical robot public service platform with a total area of over 30000 square meters, providing innovative enterprises with one-stop full lifecycle solutions including achievement transformation, common technology support, R&D customization, production services, and market promotion. Over the course of 8 years, the Innovation Center has nurtured more than 50 top global projects and established an innovative ecosystem for the symbiotic development of industry, academia, research, and application. The high-end medical device industry has a long research and development cycle and a large demand for funds. In order to support the diversified development of the platform, Bank of China has tailored a comprehensive financial service plan for the innovation center, providing various financial services such as fixed asset loans, working capital loans, and cross-border merger and acquisition consultants. In the process of industrial upgrading, enterprises often face multiple risks such as high technological uncertainty, market instability, and high innovation failure rates. Fully leveraging mechanisms such as insurance, guarantees, re guarantees, and supply chain finance can help companies diversify and mitigate risks, providing solid guarantees for their willingness to transform and innovate. ”In Lu Bing's view, finance is both "blood transfusion" and "blood making". Through tools such as capital markets, venture capital, intellectual property pledges, and technology bonds, the innovation potential of enterprises is constantly stimulated, the transformation of technological achievements and industrialization processes are catalyzed, and new quality productivity is constantly cultivated. Li Liuying analyzed that the "Opinions" proposed a series of targeted support measures for key areas of new industrialization, such as enhancing industrial technological innovation capabilities and industrial chain and supply chain resilience, accelerating the construction of a modern industrial system, promoting rational industrial layout, and expanding development space. These hard and practical measures will effectively guide various financial institutions to provide more diversified financial tools and more convenient investment and financing services, introduce long-term funds through multiple channels for the research and development of key technologies and products, and the transformation of scientific and technological achievements, solidly promote the deep integration of scientific and technological innovation and industrial innovation, and help develop new quality productivity. To establish a long-term mechanism and face the accelerated evolution of the new round of technological revolution and industrial transformation, it is necessary to accelerate the construction of a modern industrial system, promote the manufacturing industry to move towards high-end, intelligent, and green development, and continuously enhance development resilience and core competitiveness. Experts suggest that the 'Opinions' will strengthen the construction of financial service capabilities and long-term mechanisms, and promote the maintenance of a reasonable proportion of investment in the manufacturing industry. This will accelerate the improvement of the financial support system for the new industrialization, gradually build a financial system that is compatible with the promotion of the new industrialization, effectively deepen industry finance cooperation, promote a virtuous cycle of "technology industry finance", and accelerate the new industrialization. At present, the level of collaboration between the financial and industrial sectors needs to be improved. Financial products and services still lack coverage in key areas such as technology research and development, achievement transformation, pilot testing, and large-scale promotion. The adaptability between the capital chain and innovation chain needs to be further enhanced. Specifically, the problem of low proportion of medium and long-term loans in the manufacturing industry still exists, with insufficient credit loan support and prominent financing difficulties for some high-end manufacturing and innovative enterprises. In addition, problems such as difficulty in obtaining first loans, weak credit, and lack of guarantees still plague the development of some small and medium-sized enterprises. ”Lu Bing told reporters. Yu Xiaohui, President of the China Academy of Information and Communications Technology, believes that structural monetary policy tools should be leveraged to incentivize banks to provide medium - and long-term financing for key manufacturing industry chain technologies and product breakthroughs. From the perspective of financial service supply, it is necessary to build a fully covered differentiated service system. Li Fangfang stated that we should focus on the high-end, intelligent, and green development needs of the manufacturing industry, improve the diversified financial supply system of medium and long-term loans, credit loans, equity investments, etc., and guide more financial resources to flow towards advanced manufacturing, emerging industries, and future industries. Promote the concentration of financial resources towards key links in the industrial chain, core technology research and development, specialized and innovative enterprises, and key industrial clusters, forming a good mechanism for patient capital to support the long-term development of industries. Xie Shaofeng, Chief Engineer of the Ministry of Industry and Information Technology, stated that he will work with relevant departments to improve financial policies supporting new industrialization and deepen cooperation between industry and finance. Targeting key industrial chains, promoting product and service innovation, and improving the multi-level financial system of the entire industry chain; Focusing on the deep integration of technological innovation and industrial innovation, implementing the special project of "integration of technology industry and finance", and improving the functions of the national industry finance cooperation platform; Around the 66 pilot cities for industrial and financial cooperation in various countries, we will promote the pilot policies, standards, and other measures to be tested first, and build the pilot cities into "experimental fields" for doing a good job in finance and supporting the high-quality development of the manufacturing industry. (New Society)