The People's Bank of China and other departments issued the “Guiding Opinions on Financial Support for the Construction of International Science and Technology Innovation Centers in Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area”. Among them, it is pointed out that joint risk prevention and control should be strengthened. In accordance with the principles of marketization and rule of law, the risk management responsibilities of all parties are compacted to prevent rushing up, blind investment, and repeated construction at a low level, and strictly adhering to the bottom line that systemic financial risks do not occur. Financial institutions should implement the main responsibility for risk prevention and control, adhere to independent decision-making, bear their own risks, operate steadily, and strengthen credit risk management and supervision of the use of funds. Industry authorities strengthen risk assessment and early warning in key areas of scientific and technological innovation to help financial institutions effectively discern true and false innovations. Financial management departments should guide financial institutions to combine their functional positioning and business strategies to develop technology finance services in a differentiated manner, ensure that financial innovation progresses in an orderly manner on the path of marketization and legalization, and avoid “internal rolling” competition. Strengthen daily supervision and guidance, and strengthen technology finance risk information sharing, consultation and judgment. Support the gathering of financial resources to international science and technology innovation centers. Relying on the Beijing National Financial Management Center, we give full play to the advantages of financial institution headquarters and asset management highland, support Beijing to undertake the implementation and development of national technology finance infrastructure and build an international cooperation hub for technology finance. Support the Beijing Stock Exchange and the National SME Share Transfer System to further strengthen the role of serving innovative small and medium-sized enterprises and enhance the function of technology insurance services. Accelerate the construction of the Shanghai International Financial Center, improve financial infrastructure, enhance the global competitiveness of financial institutions, expand a high level of two-way financial openness, support the Shanghai Stock Exchange to build a global pricing hub for science and innovation transactions, build a science and innovation investment ecosystem adapted to global institutional investors, and focus on improving investment and financing service functions covering the entire life cycle of technology-based enterprises. Relying on the advantages of Hong Kong's international financial center and the Greater Bay Area as an international financial hub, the Shenzhen Stock Exchange will accelerate the construction of a global asset allocation platform with innovative market characteristics, and support the Guangdong-Hong Kong-Macao Greater Bay Area to build an industrial finance center integrating Hong Kong and Macao and a patient capital formation center linked to the world.

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