Guangdong: Strengthen Credit Enhancement for National Major Science and Technology Tasks and Advanced Manufacturing Clusters such as Electronic Information, Artificial Intelligence, and Low-altitude Economy

Mars Finance News: The Guangdong Provincial Local Financial Supervision Bureau, the Guangdong Provincial Department of Finance, and other departments have issued the “Action Plan for Improving the Government Financing Guarantee System and Supporting the Implementation of the ‘Five Major Financial Articles’.” The plan proposes to strengthen the province’s technological innovation. It emphasizes increasing credit support for major national scientific and technological projects, as well as advanced manufacturing clusters such as electronic information, artificial intelligence, and low-altitude economy. The plan aims to support the cultivation and expansion of emerging and future industries, and to help “gazelle” and unicorn companies “jump high and run fast.” It encourages the development of equity pledge and intellectual property pledge guarantee services, explores a “investment, guarantee, and loan” linkage mechanism, and expands the coverage of technology guarantee services. Additionally, it supports financing guarantee institutions in providing credit enhancement for technology innovation bonds.