In a Qiushi article, Science Minister Yin Hejun urged deepening the role of
enterprises as China’s primary agents of technological innovation and making
firms the driving force behind future industry development. He said enterprises
naturally connect science, market and industry and called for stronger
enterprise-led industry–university–research integration, support for firms to
form innovation consortia, and greater upstream–downstream industry‑chain
integration. He asked authorities to cultivate and scale a cohort of
technology-leading firms and to tier the development of companies that will
underpin future industries. On finance, he urged accelerating a tech‑finance
framework aligned with innovation, boosting financial support for tech SMEs, and
encouraging long‑term capital to invest earlier, in smaller tickets, for longer
durations and into hard tech.
