On October 23, the Information Office of the Guangdong Provincial Government held a press conference on technology finance to help high-quality development and a series of activities of Guangdong Science and Technology Finance Week. Fan Leyu, deputy director of the Guangdong Financial Supervisory Authority, said that Guangdong banks and insurance institutions are not simply adding and “labeling,” but are leaping from “tangible coverage” to “effective empowerment” around the Guangdong industrial scene, banking insurance collaboration, and multi-industry integration, with joint support from across departments. Fan Leyu explained that at present, the total investment amount of “insurance capital into Guangdong” has reached 2.7 trillion yuan, which has supported the development of more than 800 technology enterprises. CNBC Financial Asset Investment Company opened in Guangzhou last year. The province has launched 22 equity investment funds and 1 parent fund for financial asset investment companies, with a total fund size of 41.7 billion yuan; investments in 60 projects have been implemented, with a total investment amount of 13.4 billion yuan.

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