The reporter recently learned from the State Administration for Financial Regulation that in order to do a good job in technology finance, the State Administration for Financial Regulation has organized a pilot project to moderately relax the policy of technology enterprise merger and acquisition loans, and to moderately relax some provisions of the "Guidelines for Risk Management of Commercial Bank Merger and Acquisition Loans". For "holding type" mergers and acquisitions, the pilot will relax the loan to enterprise merger and acquisition transaction amount from "should not exceed 60%" to "should not exceed 80%", and the loan term from "generally not exceeding seven years" to "generally not exceeding ten years", supporting technology enterprises, especially chain owners, to accelerate industrial integration and smooth capital circulation. On the basis of soliciting opinions from relevant departments, the State Administration for Financial Regulation has studied and formulated standards for pilot cities, pilot banks, and pilot technology enterprises. The pilot cities should have concentrated technological advantages, high R&D investment intensity, active M&A transactions and equity investment markets, specifically including 18 cities such as Beijing, Shanghai, Tianjin, Chongqing, Nanjing, Hangzhou, Hefei, Jinan, Wuhan, Changsha, Guangzhou, Chengdu, Xi'an, Ningbo, Xiamen, Qingdao, Shenzhen, and Suzhou. Pilot banks should have good operating conditions, sound corporate governance, main prudential regulatory indicators that meet regulatory requirements, strong professional service levels and risk management capabilities for M&A loans, including large commercial banks, joint-stock commercial banks, and urban commercial banks. Pilot technology enterprises should have strong scientific research accumulation and innovation capabilities, high demand for technological transformation, broad prospects for the transformation and marketization of scientific and technological achievements, and good credit records. The head of the relevant department of the State Administration for Financial Regulation stated that the pilot will promote more financial resources to promote technological innovation and accelerate the construction of a technology finance system that is compatible with technological innovation. The State Administration for Financial Regulation will urge pilot banks to formulate detailed rules for the pilot work of technology enterprise merger and acquisition loans in accordance with the principles of marketization and rule of law, improve differentiated credit evaluation systems, strengthen monitoring of loan fund usage, cultivate a team of technology finance talents with a background in the technology industry and professional knowledge in enterprise mergers and acquisitions, and provide effective financial support for technology enterprise mergers and acquisitions. This year, the State Administration for Financial Regulation will also focus on the "four pilot projects" of equity investment in financial asset investment companies, long-term investment reform of insurance funds, technology enterprise merger and acquisition loans, and intellectual property financial ecology, promoting the integrated development of scientific and technological innovation and industrial innovation. (New Society)