Liangjiang launches financial service center to boost innovation

The Mingyue Lake Science and Technology Financial Service Center was inaugurated on Oct 31 in Liangjiang New Area. This new hub has attracted 19 financial institutions, including prominent banks such as the Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China.

The center aims to enhance cross-sector policy coordination in areas such as financial regulation, intellectual property, and data sharing. It plans to host regular government-bank-enterprise matchmaking events and results roadshows to foster collaboration and innovation.

The financial institutions have introduced several "exclusive" financial products. A representative from Ping An Property & Casualty Insurance said, "We developed the 'Mingyue Lake Tech Innovation Insurance,' which covers R&D cost losses, failed results transformation cost losses, patent infringement losses, and cybersecurity-related losses."

The center has launched a wide range of financial products — including inclusive tech enterprise loans, specialized and new enterprise loans, talent loans, and investment-loan linkage — designed to address the funding needs of innovation entities at various development stages.

The center plans to further expand its offerings by establishing institutions specializing in equity investment, industrial funds, venture capital, tech insurance, and financial consulting.