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”. It points out deepening the integration of cross-border financial rules and market connectivity. Benchmark high-standard international economic and trade rules, explore mechanisms to facilitate the cross-border flow of elements such as scientific data and intellectual property rights, and improve the cross-border intellectual property rights protection and financing service system. Deepen cross-border technology finance cooperation on the premise of legal compliance and manageable risks, and support financial institutions to participate in services such as cross-border credit, mergers and acquisitions, and syndicated loans. Steadily promote capital market connectivity. Support eligible technology-based enterprises to issue bonds and finance through models such as “Magnolia Bonds” and “Shanghai Free Trade Offshore Bonds.”

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