China’s eight departments issued guidance to help tech-service breakthroughs by
developing financial products tailored to light-asset, long-cycle business
models, focused on R&D and design, intellectual property, tech
commercialization, and testing/certification. The guidance urges adapting
financial markets and ecosystems to support incubators and innovation-services
platforms, and to develop technology-transaction markets and finance solutions
tied to tech-data trading to cultivate higher-level tech-transfer institutions
and technology managers. It supports M&A financing for core manufacturing firms
to consolidate upstream and downstream tech-service providers along the chain.
The document also promotes tech insurance — including product R&D liability
coverage — and encourages insurers to partner with pilot/testing institutions to
provide related policies.
