At the "2025 Securities Market Annual Conference" hosted by Securities Daily Co., Ltd. on December 26, 2025, Yang Jiangying, a member of the Party Committee and Deputy Secretary-General of the China Banking Association, delivered a speech titled "The Banking Sector Must Excel in 'Sci-Tech Finance' to Support Technology Powerhouse Development." She emphasized that to master the "Sci-Tech Finance" domain, the banking industry must uphold integrity while fostering innovation, accelerate the establishment of a sci-tech finance system compatible with technological innovation, promote the deep integration of technological and industrial innovation to help develop new quality productive forces, build a collaborative financial institution system to pool support, and create a long-term mechanism enabling banks to dare, be willing, be able, and know how to lend.
Yang Jiangying stated that sci-tech finance breaks the conventional logic of traditional financial services; its essence is "pricing the future and empowering uncertainty." This requires the banking industry to establish a sustainable sci-tech finance development model and, through innovation and professional operations, substantially enhance the suitability, targeting, and effectiveness of sci-tech financial services. Specific efforts should focus on three areas: first, improving specialized service models; second, innovating a more adaptable product system; and third, refining a differentiated assessment and evaluation system. "The banking sector should channel more financial resources into technological innovation, promote a virtuous cycle of 'technology-industry-finance,' vigorously support the construction of a modern industrial system, and consolidate and strengthen the foundation of the real economy," Yang Jiangying stressed.
At the practical level, Yang Jiangying believes the banking industry needs to focus efforts in two areas: first, making serving the development of new quality productive forces a key focus of financial support, tailoring strategies to local resource endowments and industrial foundations, optimizing financial supply, and establishing a diverse, professional, and specialized financial product and service system. Second, promoting the deep integration of technological and industrial innovation, strengthening the coordination of industrial and financial policies, conducting in-depth analysis of integration trends, and keenly capturing and promptly responding to changes in corporate financial service demands. Simultaneously, efforts should be directed towards supply chain finance, supporting high-quality development initiatives for a new round of key industrial chains, helping weak-link industries complete their chains, enabling dominant industries to extend their chains, and assisting emerging industries in building their chains, thereby fostering the deep integration of innovation chains, industrial chains, capital chains, and talent chains.
Yang Jiangying indicated that the banking industry should base its actions on functional positioning, achieve differentiated development, complementary advantages, and leveraging respective strengths to build a multi-level, sustainable sci-tech financial service system; concurrently, it should strengthen cooperation with institutions like venture capital to pool support for sci-tech finance development.
"Large state-owned commercial banks and national joint-stock commercial banks should leverage their comprehensive operational advantages," Yang Jiangying stated. For example, they can enrich financial instruments to enhance financial support for major national scientific and technological tasks; actively pilot merger and acquisition loans for tech companies, supporting tech enterprises, especially "chain master" enterprises, in integrating industries and smoothing capital circulation; provide underwriting services for technology firms issuing sci-tech bills, asset-backed notes, and covered bonds, while increasing investment allocations to sci-tech themed bonds; and utilize the strengths of financial asset investment management companies to improve support models for long-term capital that invests early, invests small, invests long-term, and invests in hard technology.
"Small and medium-sized banks should focus on building a distinctive sci-tech financial service system. Centered on high-level sci-tech finance supply and regional high-quality development, they should concentrate resources to cultivate specific segments, niche customer groups, and key regions, focusing on small and medium-sized tech enterprises and specialized, sophisticated, distinctive, and innovative SMEs, exploring and refining diverse service models; closely combine investment in assets with investment in people, constructing a comprehensive financial service system encompassing corporate finance, talent finance, family finance, and supply chain finance for 'enterprise-individual-family,' meeting the diverse needs of rapidly developing tech companies," Yang Jiangying expressed.
Furthermore, Yang Jiangying mentioned that the banking industry should deepen multi-party cooperation. Strengthening collaboration with asset management institutions and various types of funds, building a sci-tech finance ecosystem and an industrial chain network, and comprehensively utilizing equity, bonds, insurance, and other means to create a diversified, relay-style sci-tech finance service model, providing full-chain financial services for technology enterprises; exploring the development of investment-loan linkage businesses to address the financing pain points and difficulties of tech companies, especially those in early and mid-stages.
Yang Jiangying stated that as an industry self-regulatory organization, the China Banking Association will base its work on the dual priorities of "assisting regulation and serving the industry," vigorously promote the dissemination of sci-tech finance policies and development achievements, establish efficient communication platforms, enhance the foresight and relevance of research projects, and drive the banking sector to excel in the "Sci-Tech Finance" domain, thereby better supporting the development of new quality productive forces.