Experts see more funding for innovation

Science, tech enterprises may benefit from anticipated boost to financing

Experts said on Thursday they expect China to accelerate the design and implementation of policy measures to boost financing of innovation-oriented science and technology enterprises, especially smaller firms and startups.

Such moves will bolster the country's pursuit of innovation-driven development, they said, adding it is important that any new policy measures should include steps to motivate banks into funding science and technology enterprises, improve the function of venture capital firms and enhance the quality of listed companies.

Their remarks followed a joint meeting of four departments, including the People's Bank of China, the country's central bank, on Monday to strengthen and improve financial support for sci-tech innovation.