Technological innovation cannot be separated from financial support. On March 31st, a technology finance work exchange promotion meeting was held at the People's Bank of China. Around supporting the development of technology enterprises, financial management departments, technology departments, local governments, financial institutions, etc. listen to the demands of enterprises, introduce policy measures, and explore how to further improve the quality and efficiency of technology finance services. Technological innovation is a clear and unwavering long-term strategy, which requires continuous deepening of the supply side structural reform of finance and continuous improvement of the adaptability of financial services to technological innovation. ”At the promotion meeting, Pan Gongsheng, the Governor of the People's Bank of China, emphasized the important mission of technology finance. After the joint launch of 15 technology finance policy measures by seven departments last year, a series of financial measures to support technological innovation were intensively introduced at the beginning of this year: the amount of re loans for technological innovation and transformation has increased to 1.2 trillion yuan, and private small and medium-sized enterprises with high levels of R&D investment have been included in the support areas; Merge and establish a risk sharing tool for technology innovation and private enterprise bonds, providing guarantee and credit enhancement support for technology innovation bonds; Four departments jointly launched 20 measures to accelerate the high-quality development of technology insurance... The reporter learned from the promotion meeting that in the process of developing technology finance, various departments and central and local governments have strengthened coordination and guided funds to invest in the field of technological innovation. The embodied intelligent technology system, from construction to maturity, has a long cycle and high risk. It is precisely the patience and courage of early venture capital and national industrial funds towards original innovation that support us to cross the 'valley of death'. ”Founder Wang He of Galaxy General Motors told reporters that in the more than two years since its establishment, patient capital guided by the government has invested nearly 6 billion yuan in the company, helping it achieve rapid development from technological breakthroughs to commercial verification, with a valuation exceeding 20 billion yuan. There are still many stories of financial support for technology companies to overcome difficulties and accelerate the transformation of innovative achievements at the promotion meeting. Mi Lei, founding partner of Zhongke Chuangxing, reviewed the brief "capital winter" in the technology finance field and happily introduced that the venture capital environment has greatly improved this year, with a large amount of funds flowing into hard technology and future industries. Supported by a series of financial measures, the company successfully raised a 4 billion yuan science and technology innovation fund last year and issued a 400 million yuan science and technology innovation bond. At present, the science and technology innovation bond has leveraged over 10 billion yuan of funds and accurately invested them in hard technology projects. As the leading bank for bond underwriting, Zhang Weizhong, Chairman of Shanghai Pudong Development Bank, introduced the latest practices in serving technology enterprises at the conference. He stated that Shanghai Pudong Development Bank has made technology finance its first main track, establishing a "stock bond loan guarantee lease incubation alliance" service model along the entire life cycle of technology enterprises. Currently, it has served enterprises to raise over 70 billion yuan through the "technology board" of the bond market. In recent years, the financing environment for technology companies has continued to improve, which is the result of financial institutions' efforts to enhance their ability to provide financial services for technological innovation. Bank of China has been actively exploring the field of technology finance for the past year, including the release of an action plan to support the development of the artificial intelligence industry chain, the launch of a science and technology innovation customer cultivation program, and the promotion of the Innovation Points System 2.0. As of the end of February, the balance of Bank of China's technology finance loans reached 5.06 trillion yuan. At the promotion meeting, Ge Haijiao, Chairman of Bank of China, revealed that Bank of China plans to add 770 billion yuan in technology loans and 30000 new technology customers in 2026. Currently, there are still difficulties and pain points in technology finance that need to be resolved. The hard technology battle requires the long-term companionship of 'patient capital'. We hope that the technology finance system can further guide more 'long money' and 'stable money' to invest in technology 'no man's land', and consolidate the foundation of innovation. "Wang He expressed the expectations of many technology companies. This year's government work report proposes to strengthen financial services for the entire chain and lifecycle of scientific and technological innovation. For technology-based enterprises in key core technology fields, a "green channel" mechanism for listing financing, mergers and acquisitions will be implemented on a regular basis to support innovation and creation through science and technology finance. The reporter learned from the promotion meeting that in the next step, relevant departments, financial institutions, etc. will continue to improve the mechanism of technology finance work, strengthen collaboration and information sharing; Enhance professional capabilities in technology and financial services, and enrich financial products that adapt to the characteristics of high-tech fields; Give full play to the role of policies such as technology innovation and technological transformation refinancing, pilot projects for equity investment in financial asset investment companies, technology enterprise merger and acquisition loans, and the "technology board" in the bond market, and promote more precise allocation of financial resources to the field of technology innovation. Solving the financing difficulties of technology enterprises cannot be achieved overnight, but the important signal released by this promotion will give many science and technology innovation enterprises a "reassurance pill". In the future, stable and abundant financial "living water" will continue to flow into the innovation highland, helping the flower of technology bloom more brilliantly. (New Society)