China’s Innovative Startups, Tech Firms Need More Financial Help, Regulators Say

What’s new: Greater support must be given to help technology enterprises raise financing, financial regulators and tech officials agreed at a meeting held Monday to implement the guidelines made at the Central Financial Work Conference in October.

The meeting, held by China’s central bank, the Ministry of Science and Technology, the national financial regulatory administration, and the China Securities Regulatory Commission, discussed how to improve access to funding for technology companies from financial institutions including banks, securities companies, insurance and venture capital firms.