Financial institutions, including the banking, insurance, and securities industries, must leverage innovative thinking and optimized management models to more intelligently, greenly, and digitally promote the transformation and upgrading of traditional industries, thereby aiding the development of new forms of productive forces.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China proposed to "improve the system and mechanisms for developing new forms of productive forces according to local conditions," further signaling the intention to vigorously develop new forms of productive forces. The development of new forms of productive forces is an intrinsic requirement and a key focus for promoting high-quality economic development in China. As "accelerating the development of new forms of productive forces" becomes a focal point of societal attention, the process of financial services supporting new forms of productive forces has further accelerated, demonstrating unprecedented vitality and potential. Against this backdrop, deepening the structural reform of the financial supply side and promoting efficient financial empowerment of new forms of productive forces has become an important task for financial work in the current and future periods. Therefore, financial institutions, including the banking, insurance, and securities industries, must leverage innovative thinking and optimized management models to more intelligently, greenly, and digitally promote the transformation and upgrading of traditional industries, thereby aiding the development of new forms of productive forces.

On one hand, the financial system has established a comprehensive capital market system, including the stock and bond markets, creating diversified financing channels for scientific and technological innovation enterprises. On the other hand, during the development of new forms of productive forces, enterprises often face short-term or temporary funding gaps, such as the procurement of raw materials, wage payments, and tax payments. In response, banks and other financial institutions,凭借 their professional credit assessment methods and experience, provide short-term loans, discounting, short-term repurchase, trust loans, financial leasing, and other financial services to offer customized financing solutions for enterprises, promptly meeting their funding needs and alleviating their short-term financial pressures. At the same time, the financial system needs to create a stable and efficient financing environment, guiding the precise connection and efficient flow of innovative resource elements through mechanisms such as price signals for funds, compliance collateral requirements, and information advantages. This leads to the optimized allocation of resources in the field of new forms of productive forces, promoting the convergence and deep integration of key innovative elements such as technology and talent, providing fertile ground for the rapid transformation of scientific and technological achievements.

Deepening the structural reform of the financial supply side and innovating financial product formats

With the changes in the stage of economic development, traditional financial service models can no longer adapt to the economic growth model led by scientific and technological innovation. Financial institutions must break free from the shackles of traditional thinking and optimize their financial product systems. In particular, traditional financial institutions need to enhance their operational risk capabilities, reverse the inertia of excessive risk aversion, and get closer to small and micro startups. First, financial institutions must improve their personalized service capabilities for innovative enterprises, stimulate product innovation momentum, and ensure that the financial services they provide can accurately meet the specific needs and development stages of scientific and technological innovation enterprises. By conducting in-depth research on the characteristics of technology enterprises in different fields and at different growth stages, financial institutions can design customized financial products, such as introducing "weak guarantee, weak mortgage" credit products for startups, and "equity and debt integration, investment and financing integration" comprehensive financial service plans for growth-stage enterprises, to meet the financing needs of enterprises from inception to maturity throughout their entire lifecycle.

Secondly, financial institutions should strengthen collaboration with subsidiaries with investment functions and external financial capital to jointly build a technology finance ecosystem. By establishing venture capital funds or participating in government industrial investment funds, financial institutions can not only provide more ample funding support for hard technology, high-growth scientific and technological innovation enterprises but also provide value-added services such as strategic planning, resource integration, and market docking for enterprises, helping them to accelerate growth.

At the same time, financial institutions should also implement the strategic guidance proposed by the Third Plenary Session of the 20th Central Committee, which is "to invest early, invest small, invest long-term, and invest in hard technology," innovate product formats, extend credit cycles, and timely assess and renew maturing debts. Breaking through the constraints of traditional credit models, they should guide various venture capital funds and industrial funds to aggregate financial capital towards scientific and technological innovation enterprises in the fundraising and investment stages. This provides a multi-level, weak collateral, long cycle, flexible, comprehensive, and relay-style financial service for the cultivation of new forms of productive forces, including loans, equity investment, bond financing, and technology leasing.

In addition, insurance financial institutions should keep pace with the evolution of cutting-edge financial technology and learn from successful cases of digital transformation at home and abroad. By utilizing advanced technologies such as big data and artificial intelligence, they can develop an integrated index management system. Relying on powerful intelligent analysis and allocation capabilities, they can deeply analyze the demand characteristics, risk tolerance preferences, and market dynamics of customer groups. Then, combining the actual conditions and regional characteristics of the institution itself, they can accurately optimize product design and pricing strategies. By providing insurance contracts to share part of the business operating risks of enterprises, they can enhance the level of intelligence in marketing and sales management. On this basis, they can build and improve a set of technology insurance products and service systems that run through the entire chain of technology enterprise research and development, manufacturing, and sales. Through risk reduction management strategies, they can effectively respond to the unique needs of strategic emerging industries, future industries, and specialized, refined, and innovative small and medium-sized enterprises on the path of technological innovation. Ensuring that business operations can achieve efficient analysis and evaluation and continuous optimization, they can create refined and personalized financial products...