B · Normal
[Shandong: Increase government investment funds’ support for data industry projects] On October 14, the General Office of the Shandong Provincial People’s Government issued implementation opinions on accelerating the high-quality development of the data industry. The opinion pointed out that financial support should be increased. Coordinate provincial fiscal funds to support the construction of data enterprises, data industries and related pilot projects, and actively recommend qualified key data industry projects to apply for investment within the central budget. Support qualified data companies to expand financing channels through listing financing, issuing technological innovation bonds, and conducting data asset securitization (ABS) in accordance with laws and regulations, and increase government investment funds’ support for data industry projects. Make good use of technological innovation and technological transformation re-lending policies, and guide financial institutions to innovate financial products that are in line with the development characteristics of data enterprises on the premise of compliance with laws and regulations and controllable risks.
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