PBOC and other departments: Accelerate the expansion of patient capital and strengthen leadership in high-end industries.

Zhitong Finance APP has learned that on October 19, the People's Bank of China and multiple other departments issued the "Guiding Opinions on Financial Support for Building International Science and Technology Innovation Centers in Beijing (Beijing-Tianjin-Hebei), Shanghai (Yangtze River Delta), and the Guangdong-Hong Kong-Macao Greater Bay Area." The opinions mention accelerating the expansion of patient capital to strengthen high-end industry leadership. Support Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area in building international-level venture capital centers. Give play to the patient capital role of the national venture capital guidance fund by investing in a batch of sub-funds and projects in emerging industries and future industries. Make good use of the already established social security science and technology innovation fund to provide funding support for the science and technology innovation sector in a prudent and orderly manner. Actively promote efficient docking between high-quality entrepreneurial and innovative projects and patient capital, strengthen collaborative linkage between patient capital and incubators, and enhance investment empowerment for incubated enterprises and teams. Support the development of M&A funds, strengthen coordinated linkage of regional M&A financial services, remove bottlenecks and blockages in M&A implementation, and stimulate the vitality of M&A and restructuring.