Zhejiang: Make good use of the QFLP pilot policies to guide overseas entrepreneurial investment institutions to conduct cross-border investments in compliance.

The Zhejiang Province is soliciting opinions on several measures to empower innovation and construct new productive forces tailored to local conditions through science and technology finance. Among them, it mentions enhancing the convenience of cross-border investment and financing. Making good use of the pilot policy for qualified foreign limited partners, guiding overseas venture capital institutions to carry out cross-border investments in compliance, by 2027, the scale of qualified foreign limited partners, and qualified domestic limited partners pilot funds will exceed 40 billion yuan. Support the pilot project of "Science and Technology Exchange", allowing overseas research funds to be directly remitted to foreign non-enterprise research institutions. Promoting the facilitation of cross-border financing for technology-based enterprises, supporting eligible high-tech, "specialized new" and technology-based SMEs to independently borrow foreign debt within a limit not exceeding 10 million US dollars.