Notice of the Shenzhen Municipal Local Financial Regulatory Bureau, Shenzhen Science and Technology Innovation Committee, the Shenzhen Branch of People's Bank of China, The Shenzhen Regulatory Bureau of National Administration of Financial Regulation and the Shenzhen Regulatory Bureau of China Securities Regulatory Commission on Issuing the “Implementation Opinions on Financial Support for Technological Innovation” (Shen Jin Jian Gui [2023] No.2)

08 October 2023

On 8 October 2023, the Shenzhen Municipal Local Financial Regulatory Bureau issued the “Implementation Opinions on Financial Support for Technological Innovation” (“the Opinions”). The Opinions specified that qualified banking institutions shall be authorized to carry out the pilot innovative mode of “equity financing plus debt financing” in the Hetao Shenzhen-Hong Kong Science and Technology Innovation and Cooperation Zone and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. In addition, the Opinions proposed to promote the linkage of large and medium banking institutions in Shenzhen Municipality with their affiliated Hong Kong equity investment institutions within the group, provide equity and debt financing services for technology enterprises under the model of “Shenzhen commercial bank plus Hong Kong investment bank”. The Opinions will be effective on 1 November 2023 and remain valid for 5 years.