Capital support for innovation in further focus

Lenders set to address financing bottlenecks of technology firms

Adhering to an innovation-driven approach and accelerating the cultivation and expansion of new growth drivers was identified as one of the key economic tasks for 2026 during the recently convened Central Economic Work Conference.

The conference has emphasized the importance of innovating science and technology-oriented financial services.

It is expected that in the next stage, policies on financial support for technological innovation will place greater thrust on breakthroughs in financial products and service models to address financing bottlenecks faced by technology firms, said Yin Zhentao, deputy director of the National Academy of Economic Strategy at the Chinese Academy of Social Sciences.