Fujian: Continuously strengthen financial support for the development of science and technology innovation in Minnan.

In order to further implement the "Five Key Areas" in the financial sector, the People's Bank of China Fujian Branch and the Financial Office of the Fujian Provincial Committee recently took the lead in jointly formulating and issuing the "Work Plan for the Five Key Areas of Finance in Fujian Province", in cooperation with the Fujian Provincial Development and Reform Commission, the Finance Department, and other departments. The plan proposes 18 specific measures for Fujian Province to further deepen the implementation of technology finance, green finance, inclusive finance, pension finance, and digital finance. The plan proposes strengthening financial support for technological innovation and strategic emerging industries, continuing to promote the special action of "Fostering Technology in Minnan through Banking", and implementing three major projects to increase the coverage and reduce costs of technology finance, innovate products and services, and develop specialized financial institutions. It aims to stabilize and increase the scale of credit, striving for an annual average growth rate of 10% for technology-related industry loans from 2025 to 2027, and further increasing the proportion of manufacturing industry loans by 2024. The plan also proposes to effectively improve the quality and efficiency of technology finance services, improve the model of expanding investment and loan linkage, striving for "investment upon loan approval" and "loan disbursement upon investment", and leverage the role of regional equity markets to support equity financing transactions for technology-based companies.