Beijing Municipal Government Holds Executive Meeting on Technology Finance Work
Yesterday afternoon, the Beijing Municipal Government convened an executive meeting to review the “Report on Beijing’s Technology Finance Work” and other matters.
The meeting emphasized that technological innovation carries significant uncertainty, and technology finance is characterized by high risk and high returns. The key is to address the insufficient supply of high-risk investment. It is essential to conscientiously implement the decisions and deployments of the central authorities, focus on resolving mismatches between technological innovation funding needs and financial supply structures, coordinate the use of equity, debt, insurance and other instruments, accelerate the improvement of a technology financial service system adapted to the capital’s technological innovation development, provide comprehensive, full-lifecycle financial services for technology enterprises, and strive to achieve a virtuous cycle of “technology-industry-finance,” thereby further enhancing the quality and efficiency of financial services for the real economy.
The meeting stressed the need to leverage government investment funds for counter-cyclical adjustment, guide various types of capital to invest early, invest small, and invest long-term, and increase support for technology enterprises that align with the capital’s functional positioning. It is important to improve the coordinated management system for funds at all levels, establish efficient and standardized exit management mechanisms, and promote the high-quality development of government investment funds. A fault-tolerant mechanism for funds should be perfected, and a fund assessment system primarily evaluating overall investment returns should be established. Utilizing the “service package” and “service steward” mechanisms, services for invested enterprises should be strengthened, and efforts should be made to attract various funds to establish presence or invest in Beijing. To address financing difficulties, diversified risk management and control mechanisms should be enhanced, encouraging financial institutions to innovate technology credit products and support technology enterprise development through methods like investment-loan linkage, resolving financial institutions’ reluctance to lend and invest. Capital markets should be effectively utilized, strengthening specialized enterprise listing service teams, continuously deepening reforms of the Beijing Stock Exchange, and enabling more enterprises to achieve rapid development through capital markets. Risk protection capabilities should be enhanced by optimizing technology insurance policies and establishing insurance protection mechanisms covering the entire enterprise lifecycle. The municipal-level coordination mechanism for implementing technology finance work should be improved to drive effective outcomes in policy innovation, venture capital, credit financing, listing and bond issuance, and technology insurance.
When reviewing the “Beijing HIV/AIDS Prevention and Control Plan (2026-2030),” the meeting noted that it is crucial to thoroughly implement the central authorities’ decisions and deployments, adhere to the principles of putting people and life first, use the formulation and implementation of the Plan as an opportunity, maintain the highest standards, ensure the Plan’s effective implementation, further consolidate and enhance the capital’s HIV/AIDS prevention and control efforts, effectively curb HIV transmission, and safeguard people’s life and health.
