Innovation to get more support

High-level meeting urges financial services sector to bolster development

Concerted efforts to strengthen financial support for technological innovation are set to speed up after a high-level meeting urged improvement to the ability of financial services to serve economic development, experts said on Tuesday.

Among the key policy focuses would be deepening capital market reforms to further restore investor confidence and addressing the difficulties banks face in managing risks associated with loans to innovation-oriented enterprises, they said on Tuesday, after reviewing the news flow on a meeting of the Central Financial Commission held on Monday.

The meeting stressed strengthening support for major strategies, key areas and weak links, as part of efforts to fully implement arrangements of the Central Financial Work Conference.