Shanghai: Increase the supply of technology credit products and support mergers and acquisitions and integration of technology enterprises.

Shanghai Financial Regulatory Bureau issues opinions on advancing the improvement of quality and efficiency of technology finance in Shanghai's banking and insurance sectors. Increase the supply of technology credit products. Step up credit support for technological research and development and the commercialization of technological achievements, providing differentiated support in terms of product limits, loan terms, pricing mechanisms, and guarantee methods. Banks may independently determine, in accordance with their actual business management needs, the specific methods for calculating the working capital needs of technology-based enterprises. Support breakthroughs in research and development of bottleneck technologies, and help important industrial chains and supply chains achieve self-reliance and controllability. Support enterprises in advancing technological transformation and equipment upgrading through financial leasing. Support mergers and acquisitions and integration among technology enterprises, focusing on serving "chain leader" enterprises with strong technological innovation capabilities, substantial technological transformation needs, and broad market prospects in carrying out industrial integration, and facilitating the circulation of capital.