Considering the positioning of financial institutions to support the real economy, the 14th Five-Year Plan guides the direction of real economy development, that is, the direction that requires financial institutions' resource support. We expect that during the 14th Five-Year Plan period, the resources of financial institutions will be inclined to the direction of scientific and technological innovation, high-end manufacturing, consumption upgrading, urban construction, people's livelihood finance, and green finance, etc.:
Scientific and technological innovation and the digital economy: the scientific and technological innovation and the digital economy bring new opportunities for China's development, 1) we expect that financial institutions will actively provide investment and financing services in such frontier areas as artificial intelligence, quantum information, integrated circuits, life and health, brain science, biological breeding, air and space science and technology, deep earth and deep sea, pharmaceuticals and medical equipment, key components and parts and basic materials, and oil and gas exploration and development, etc.; 2) the state supports the construction of the Huairou in Beijing, the Zhangjiang in Shanghai, the Guangdong-Hong Kong-Macao The state supports Beijing Huairou, Shanghai Zhangjiang, Guangdong, Hong Kong, Macao and the Greater Bay Area, and Anhui Hefei to build a comprehensive national science center, and there is a demand for infrastructure credit funds; 3) The state encourages banks to innovate products to support the development of science and technology enterprises, including intellectual property rights pledge financing, scientific and technological insurance, and the pilot project of risk compensation for scientific and technological achievements transformation loans, etc.; 4) Science and Technology Creation Board (STB) is still an important channel for listing and financing for hard science and technology enterprises. 4) The KTB will remain an important channel for "hard science and technology" enterprises to go public and raise funds; 5) Encourage the development of angel investment and venture capital; and 6) Steadily push forward the research and development of digital currencies.
Legal basis:
The People's Republic of China's 14th Five-Year Plan for National Economic and Social Development and the Outline of the Vision for 2035, Article 3, Strategic Orientation: "To promote high-quality development during the 14th Five-Year Plan period, it is necessary to be based on a new stage of development, to implement the new concept of development, and to build a new pattern of development. The third strategic direction of the Outline Grasping the new stage of development is the practical basis for implementing the new development concept and constructing the new development pattern; implementing the new development concept provides an action guide for grasping the new stage of development and constructing the new development pattern; constructing the new development pattern is a strategic choice for coping with the opportunities and challenges of the new stage of development and implementing the new development concept. It is necessary to insist on deepening supply-side structural reform, leading and creating new demand with innovation-driven, high-quality supply, and enhancing the resilience of the supply system and its adaptability to domestic demand. It must establish an effective system for expanding domestic demand, accelerate the cultivation of a complete domestic demand system, strengthen demand-side management and build a strong domestic market. We must unswervingly push forward reforms, break down institutional barriers that restrict the economic cycle, and promote the circular flow of factors of production and the organic connection of production, distribution, circulation and consumption. We must unswervingly expand opening-up, continue to deepen factor flow-based opening-up, steadily expand system-based opening-up, and form a strong gravitational field for global factors and resources based on the domestic economic circulation system. It is necessary to strengthen the dominant role of the domestic macrocycle, to enhance the efficiency and level of the domestic macrocycle with the international cycle, and to realize the mutual promotion of the domestic and international double cycle **** progress.