Shanghai: Improve risk-sharing and interest subsidy mechanisms, innovate credit, insurance, financial leasing, and other products.

The General Office of the People's Government of Shanghai Municipality issued the "Several Measures to Support the Construction of the Source Area of the Yangtze River Delta G60 Sci-Tech Innovation Corridor". It proposes strengthening support for science and technology finance by improving risk-sharing and interest subsidy mechanisms, innovating credit, insurance, financial leasing, and other products, and providing financial support for enterprises to increase innovation investment such as R&D experiments and outcome transformation. It also emphasizes the role of municipal and district government investment funds in guiding, strengthens cooperation between the Yangtze River Delta G60 Technology Results Transformation Fund and the Shanghai Future Industry Fund, and increases investment in technology transformation projects. It explores the due diligence and exemption mechanisms for state-owned investment platforms. It supports enterprises in conducting venture capital and mergers and acquisitions, and conducts equity investments around key links in the industrial chain. It encourages social capital to establish various innovation and entrepreneurship investment funds focusing on key industries.