Shanghai Financial Regulatory Bureau issued guidance to boost tech finance in the city's banking and insurance sector: it will explore and refine duty-of-care exemption and fault-tolerance frameworks, including formal positive/negative exemption lists, clarified accountability and higher exemption/reduction ratios; encourage banks to raise tolerance for non-performing loans to technology SMEs by referencing inclusive small-business lending standards and to pilot differentiated NPL disposal metho

Shanghai Financial Regulatory Bureau issued guidance to boost tech finance in the city's banking and insurance sector: it will explore and refine duty-of-care exemption and fault-tolerance frameworks, including formal positive/negative exemption lists, clarified accountability and higher exemption/reduction ratios; encourage banks to raise tolerance for non-performing loans to technology SMEs by referencing inclusive small-business lending standards and to pilot differentiated NPL disposal methods; and urge insurers to adopt innovation fault-tolerance mechanisms that permit greater tolerance in combined loss ratios and cost ratios for incubating, data-sparse insurance products.