The Yangtze River Delta will build a new pattern of cross-regional financial development with complementary functions, overlapping advantages and obvious characteristics through about five years of efforts,according to the recently-issued "Implementation Opinions of the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone on Accelerating the Development of Science and Technology Finance.
Jiangsu will accelerate the gathering of science and financial technology service institutions in the demonstration zone, increase science and technology credit year by year, steadily increase the number of companies listed on the science and technology innovation board, and improve the mechanism for improving the financial system for science and technology innovation.
In order to ensure that the goals are met, Jiangsu will encourage banks to set up specialized institutions for science and technology finance and science and technology sub-branches in the demonstration zone, and support financial institutions to issue innovative and entrepreneurial corporate bonds, cross-regional collective bonds, technological innovation corporate bonds and other technological innovation financial products with the characteristics of demonstration zones, and explore and promote the pilot program of intellectual property securitization.
Jiangsu will also go all out to attract banks, insurance, securities investment, leading financial technology companies and unicorn companies under large technology companies to settle in the demonstration zone, encourage science and technology enterprises in the demonstration zone to participate in the cross-regional digital renminbi pilot, establish and improve the cross-regional financial risk prevention and control system and mechanism, and coordinate the timely disposal of hidden financial risks.
