The China Banking and Insurance Regulatory Commission, together with the National Development and Reform Commission, convened a symposium to review progress in the financial asset investment company equity investment pilot and signal further policy refinements to increase support for technology innovation and private enterprises. Following the pilot’s expansion announced in September 2024, the authorities reported full signing coverage across 18 pilot cities, with signed amounts exceeding CNY 350 billion. Financial asset investment companies were assessed against the approach of “invest early, invest small, invest long-term, invest in hard technology”, including efforts to attract social capital; five participating firms shared implementation results and proposals for optimising the pilot, while private-sector firms provided feedback on improving financial services for innovation-driven companies. The Commission said it will strengthen coordination with the National Development and Reform Commission, continue summarising pilot experience, optimise relevant policies, and expand the pilot in an orderly manner.
China Banking and Insurance Regulatory Commission 2025-02-26
China Banking and Insurance Regulatory Commission and National Development and Reform Commission plan to optimise and broaden asset investment company equity investment pilot after over CNY 350 billion in signings
The China Banking and Insurance Regulatory Commission and the National Development and Reform Commission reviewed the financial asset investment company equity investment pilot, highlighting policy refinements to support technology innovation and private enterprises. Expanded in September 2024, the pilot achieved full signing coverage across 18 cities with commitments exceeding CNY 350 billion. Authorities plan to enhance coordination, optimize policies, and expand the pilot based on feedback and implementation results.