On September 11, the Information Office of Liaoning Provincial People’s Government held a press conference to introduce and interpret the province’s sci-tech finance policies.

Recently, Liaoning issued Several Measures to Accelerate Sci-Tech Finance Innovation and Strongly Support the Construction of Liaoning Province with a Strong Science and Technology Sector, proposing specific measures focusing on monetary credit, capital markets, venture capital, sci-tech insurance and financing guarantees.

Liaoning is making full and effective use of monetary policy tools to precisely serve sci-tech enterprises. This includes deploying monetary policy tools comprehensively, optimizing credit product services, establishing specialized sci-tech finance institutions, fully promoting the Innovation Credit System, and improving credit support mechanisms for sci-tech innovation. The province will particularly promote intellectual property pledge loans and leverage the low-interest advantages of re-lending to provide diversified financing services. Meanwhile, Liaoning is encouraging banks to establish specialized sci-tech finance departments to promote specialized development. It is also building an integrated service platform for the innovation credit of sci-tech enterprises, releasing an “Innovation Credit System White List”, and driving the data-driven transformation of financial services. The province is also improving the due diligence exemption and fault tolerance mechanisms for sci-tech credit and establishing performance incentive mechanisms linked to the growth of sci-tech enterprises.

Liaoning is also optimizing policy pilot services. In key areas such as Shenyang Hunnan Science and Technology City and Dalian Yinggeshi Science City, it is deepening product and service innovation, supporting cross-border financing for sci-tech enterprises, and expanding cross-border financing facilitation.

Liaoning will guide more financial resources to support sci-tech innovation through policy, accelerate the implementation of core platforms and mechanisms, foster a sound sci-tech finance ecosystem, and expedite the establishment of a diversified and relay-style Liaoning sci-tech finance service paradigm, injecting new impetus into Liaoning’s economic and social development.