Central Committee and State Council: Support High-Quality Tech Enterprises in IPO Financing, Optimize M&A and Equity Incentive Systems

36Kr reports that the Central Committee and State Council have issued an opinion on developing new quality productive forces. The document calls for increased supply of financial innovation products, encouraging and regulating angel investment, venture capital, and private equity while enhancing the guiding role of government funds. It aims to strengthen policies supporting long-term capital in early-stage, small-scale, long-duration, and hard-tech investments to bolster patient capital. Banks are encouraged to develop loan products tailored to new quality productive forces, expand the range of technology innovation bonds, support high-quality tech enterprises in listing for financing, and optimize systems for M&A and equity incentives. Additionally, insurance products covering the full chain of technological innovation and business models such as technology leasing will be developed.