State Council urges financial institutions to improve financial services to technology companies

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Financial institutions should be guided to optimize products and services based on the needs of science and technology companies at different stages and provide diversified and full-life-cycle financial services, the State Council said at a meeting chaired by Premier Li Qiang on Friday. 

The support for start-up technology companies should be prioritized to accelerate forming a financial service support system with equity, loan, debt and insurance, it said. 

China should strengthen the construction of infrastructure including evaluation standards for science and technology innovation, intellectual property transactions and credit information systems, coordinate financing support and risk prevention, and maintain financial stability, it said.