The Shanghai Science and Technology Commission issued the “15th Five-Year Plan for the Development of the Shanghai Zhangjiang High-tech Industrial Development Zone”. Among them, it is proposed to improve the technology investment and financing system, strengthen the functions of specialized angel investment service platforms, and optimize the early investment ecosystem. Improve exit channels for venture capital, and vigorously lay out private equity secondary market funds and M&A funds. Support the creation of equity investment agglomeration areas. Support high-quality technology companies that meet the standards to be listed on the Science and Technology Innovation Board for financing. Encourage enterprises to use the M&A loan pilot policy to implement industrial chain mergers and acquisitions, and make good use of structural monetary policies such as scientific and technological innovation and technological transformation and refinancing. Encourage technology enterprises to issue innovation and entrepreneurship corporate bonds, and investment institutions to issue science and technology innovation bonds. Promote the construction of a demonstration area for the integration of the fintech industry. Encourage all types of social capital, such as private capital and foreign capital, to participate in park construction and industrial innovation.

The Shanghai Science and Technology Commission issued the “15th Five-Year Plan for the Development of the Shanghai Zhangjiang High-tech Industrial Development Zone”. Among them, it is proposed to improve the technology investment and financing system, strengthen the functions of specialized angel investment service platforms, and optimize the early investment ecosystem. Improve exit channels for venture capital, and vigorously lay out private equity secondary market funds and M&A funds. Support the creation of equity investment agglomeration areas. Support high-quality technology companies that meet the standards to be listed on the Science and Technology Innovation Board for financing. Encourage enterprises to use the M&A loan pilot policy to implement industrial chain mergers and acquisitions, and make good use of structural monetary policies such as scientific and technological innovation and technological transformation and refinancing. Encourage technology enterprises to issue innovation and entrepreneurship corporate bonds, and investment institutions to issue science and technology innovation bonds. Promote the construction of a demonstration area for the integration of the fintech industry. Encourage all types of social capital, such as private capital and foreign capital, to participate in park construction and industrial innovation.