China has announced a new plan to enhance financial services for technology-driven enterprises.

The initiative aims to integrate advancements in technology and industry, with measures to improve financial support mechanisms, product offerings, specialized services, and risk management.

The plan includes creating a multi-level technology financial service ecosystem involving governments, tech companies, financial institutions, venture capital funds, and intermediary agencies.

It focuses on enhancing credit and insurance services for tech firms and promoting pilot projects to support bond financing.

Financial institutions are encouraged to adopt technologies like cloud computing, big data, and AI to improve operational efficiency and risk management.

Differentiated evaluation systems will also be introduced to enhance financing guarantee services for technology-based businesses.