On November 28, during the 2025 Yangtze River Delta (YRD) G60 Sci-Tech Corridor Innovation Ecosystem Conference in Shanghai's Songjiang district, financial regulators from three provinces and one municipality in the YRD jointly unveiled a new financial support plan to deepen the development of the G60 Sci-Tech Corridor. Fourteen financial institutions signed strategic cooperation agreements at the event.

The plan provides a full-spectrum, lifecycle-oriented financial framework for technology-driven enterprises along the corridor, leveraging tools such as venture capital, bank lending, capital markets, tech insurance, and bond issuance. It emphasizes technology finance, green finance, and digital finance, introducing 20 concrete measures to support innovation-driven growth.

Key highlights include:

1. Financial Innovation and Tech-Oriented Products

• Pilot financial innovation programs will be launched within the G60 Corridor, targeting nine core cities.

• Development of customized financial products for strategic emerging industries, future-oriented sectors, and high-tech clusters.

• Expansion of tech insurance products, including coverage for first-of-a-kind equipment, R&D interruption, and risk-sharing schemes with government participation.

• Encouragement of patient and long-term capital investment aligned with extended R&D cycles.

2. Green Finance Initiatives

• Establishment of the G60 Sci-Tech Corridor ESG Development Alliance to integrate ESG evaluation into industrial park planning and “zero-carbon park” development.

• Publication of ESG benchmark cases, white papers, and indices to guide sustainable investment.

• Promotion of green bonds, carbon-neutral bonds, and sustainability-linked bonds, alongside the use of transition bonds to support decarbonization in high-carbon industries.

• Exploration of carbon market integration with green finance through corporate carbon accounts and carbon-based pricing mechanisms.

3. Capital Market and Investment Support

• Support for eligible enterprises to list on mainboard, STAR Market, ChiNext, and Beijing Stock Exchange, with a city-level reserve of potential listings and tailored guidance.

• Use of bond markets, including a “Tech Innovation Bond” framework, to finance early-stage, small-scale, and hard-tech enterprises.

• Facilitation of mergers and acquisitions via loan support, a dedicated target project database, and a cross-institutional M&A service alliance.

• Encouragement of REITs development covering infrastructure, industrial parks, and new infrastructure, including public, private, and quasi-REIT products.

4. High-Level Market Openness and Cross-Border Support

• Promotion of FT accounts in Shanghai and YRD cities for eligible enterprises to streamline cross-border financing, foreign exchange, and international R&D investment.

• Support for foreign banks to leverage cross-border networks and specialized services, fostering differentiated and innovative offerings.

• Exploration of bank global service centers to provide integrated liquidity management and currency services for technology enterprises expanding internationally.

14 Financial Institutions Signed Strategic Agreements
Participating institutions—including Zhejiang Commercial Bank, Beijing Bank, Huatai Securities, and several industry-focused investment funds—committed to providing bulk credit, accounts receivable pledges, IP securitization, and financial advisory services. These measures aim to enhance synergy between finance, technology, and industrial development and accelerate the high-quality integration of industrial clusters along the G60 Corridor.

Regulators and stakeholders will establish a coordination mechanism, holding regular financial working meetings and monitoring implementation to ensure financial services, policies, and products reach enterprises across the nine cities efficiently.

Implications for Foreign Investors and Enterprises
For international businesses, the plan signals a more structured and accessible financial ecosystem for innovation-driven projects in China’s Yangtze River Delta. Opportunities exist in venture partnerships, green financing, technology insurance, and cross-border investment facilitation, particularly for companies seeking exposure to advanced manufacturing, strategic emerging industries, and sustainable development initiatives.