Shanghai financial regulators issued guidance to enhance banking and insurance
tech-finance efficiency, directing insurance capital — via a long-term
investment pilot — to increase allocations to Shanghai-based venture capital,
private equity and M&A funds. The notice allows local insurers to set up private
equity and securities investment funds and targets allocations to strategic
emerging industries and hard tech. It calls for deeper bank–fund cooperation
with information sharing, risk-warning and risk–reward sharing mechanisms,
advances an equity-investment pilot for financial asset investment companies in
Shanghai, and encourages asset managers to combine debt and equity tools to
provide stage-appropriate financing for tech firms.
