On December 25, Guangdong Province's Local Financial Regulatory Bureau, Department of Science and Technology, Development and Reform Commission, and seven other departments jointly issued the "Guangdong Province Work Plan for Promoting Financial Services to Strengthen the Science and Technology Sector." The plan proposes optimizing a full-cycle technology credit system.

Under the premise of legal compliance and controllable risks, banking institutions are guided to establish a credit system tailored to different stages—startup, growth, expansion, and maturity—of technology enterprises. The plan emphasizes improving differentiated credit approval, performance evaluation, and fault-tolerance mechanisms while expanding credit scale and increasing mergers and acquisitions loans in the tech innovation sector.

Corporate banks are urged to develop a credit assessment system for tech firms based on core indicators such as patent ownership, R&D investment ratio, and proportion of research personnel. Given the asset-light nature of tech companies, exploration will be conducted in equity pledges, trademark pledges, and patent pledges. The plan encourages diversified financing models combining equity and debt, including innovative approaches like "loans + external direct investment," "convertible loans," and "investment-loan-insurance." Flexible principal and interest repayment credit products will also be explored.

Considering the high initial investment and low early revenue of tech firms, reasonable loan interest rates, repayment methods, and loan terms will be determined. A regulatory evaluation mechanism for specialized sci-tech finance branches will be established, adopting a closed-loop management system of "regulatory evaluation—pilot empowerment—dynamic management." This aims to enhance product specialization, differentiated policies, systematic management, and diversified services at tech-focused bank branches, ultimately improving their service capabilities.