The General Office of the People's Government of Hainan Province recently issued the “Hainan Province's Fifteenth Five-Year Plan for Service Industry Development”, which proposes broadening financing channels. Strengthen efforts to cultivate companies to be listed through special research, policy presentations, and exchange of experiences. Expand direct financing channels and carry out multi-level capital market policy normalization training. Guide financial institutions to carry out movable property and rights pledge financing based on inventory, orders, warehouse receipts, etc. on the premise that they comply with the law and that risks are manageable. Actively introduce long-term patient capital from insurance departments and banking departments, actively develop private equity and venture capital funds, and build regional equity markets with high quality. Give full play to the role of the National Venture Capital Guidance Fund to optimize and promote the “Innovation Credit System”.

The General Office of the People's Government of Hainan Province recently issued the “Hainan Province's Fifteenth Five-Year Plan for Service Industry Development”, which proposes broadening financing channels. Strengthen efforts to cultivate companies to be listed through special research, policy presentations, and exchange of experiences. Expand direct financing channels and carry out multi-level capital market policy normalization training. Guide financial institutions to carry out movable property and rights pledge financing based on inventory, orders, warehouse receipts, etc. on the premise that they comply with the law and that risks are manageable. Actively introduce long-term patient capital from insurance departments and banking departments, actively develop private equity and venture capital funds, and build regional equity markets with high quality. Give full play to the role of the National Venture Capital Guidance Fund to optimize and promote the “Innovation Credit System”.