Liangjiang launches financial measures to boost innovation

The Mingyue Lake Tech-Innovation Financial Service Hub has been established in Liangjiang New Area, marking a significant milestone in the area's financial empowerment initiatives.

The hub, the first comprehensive financial platform established by the Chongqing Branch of China Construction Bank (CCB) in Chongqing, aims to enhance collaboration between government, banks, and enterprises.

Yang Hailan, deputy director of the Liangjiang New Area administrative committee, emphasized that the hub will tailor financial offerings to support enterprises in overcoming technological challenges and to foster a thriving innovation ecosystem.

Cheng Feimo, deputy general manager of the CCB Chongqing Branch, said that the hub will provide comprehensive financial services to tech enterprises, research platforms, and top-tier talent, introducing over 10 specialized offerings to address diverse financing needs, including credit for technological research, development, and mergers.

The hub will offer integrated solutions such as investment, bank loans, and financial advisory services, supporting tech enterprises from their seed stage to maturity. New policies have also been introduced to develop a comprehensive customer service system and an alliance ecosystem.

A strategic cooperation agreement was also signed, outlining plans to establish a tech-finance service center, innovate financial models and products, and explore collaborative models involving government, banks, insurance, and guarantees.