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【Financial Analysis】Towards the "New": Finance and Technology "Two-Way Rush"

author:Xinhua Finance

Xinhua Finance and Economics, Shanghai, April 19 (Reporter Wang Shujuan) Scientific and technological innovation is the core element of the development of new quality productivity, but technological breakthroughs and achievements transformation are not achieved overnight, and long-term capital investment and patient capital support are crucial. Recently, the reporter investigated the investment projects of asset companies under Chinese Life, a leader in the insurance industry, and walked into Shanghai's chip manufacturing workshop, semiconductor equipment factory, intelligent networked vehicle innovation laboratory, etc., to explore the power of insurance capital into the innovation and development of emerging industries and future industries injected by Chinese Life.

Resonance at the same frequency, a virtuous circle of "science and technology-industry-finance".

Walking into the factory of Shanghai Super Silicon Semiconductor Co., Ltd., in the neat and clear workshop, the machines on the production line are running at high speed, and they are busy. The company's "300mm automatic intelligent production line project for integrated circuit silicon wafers" built by the company in Songjiang, Shanghai, is the world's most automated silicon wafer production line in the past 20 years.

【Financial Analysis】Towards the "New": Finance and Technology "Two-Way Rush"

The picture shows the silicon wafer production line of Shanghai Super Silicon Company, courtesy of the interviewee

In the chip design company UNISOC UNISOC, the reporter saw that all kinds of smart phones, watches, tablets, AR glasses and other electronic consumer goods that we use and contact in daily use have applied UNISOC chips. According to the relevant person in charge of UNISOC, the company has the ability to integrate and set large-scale chips, and its products include mobile communication central processing units, baseband chips, AI chips, RF front-end chips, RF chips and other communications, computing and control chips and other products covering more than 130 countries and regions around the world.

If you want to do a good job, you must first sharpen your tools. The innovation and progress of semiconductor equipment is the key to the development and growth of the chip industry. In the semiconductor equipment company Micro Semiconductor Equipment (Shanghai) Co., Ltd., the reporter learned that the plasma etching equipment and chemical thin film equipment developed by the company are the key equipment for the manufacture of various microscopic devices, which are the foundation of the modern digital industry, and they are changing the way of production and lifestyle of human beings.

To seize the commanding heights of intelligent new energy vehicles, Zhiji is a flagship brand of SAIC Group in the development of new energy vehicles. Walking into the IM Intelligent Innovation Center in Jiading, Shanghai, the reporter saw at the scene that in different special laboratories, the test equipment is running uninterruptedly, covering vehicles, systems, parts, chips, materials and other fields.

The demeanor of these enterprises in different positions in the integrated circuit industry chain is the silhouette of Shanghai's efforts to enhance the development potential of the integrated circuit industry to promote the development of new productive forces, and it is also a footnote to the virtuous cycle of "science and technology-industry-finance" promoted by insurance funds represented by Chinese Life.

The reporter learned that in 2023, the "Chinese Life-Hufa No. 1 Equity Investment Plan" will transfer the equity of Shanghai Integrated Circuit Industry Investment Fund in the form of S share investment, with an investment scale of about 11.8 billion yuan. Liu Fan, vice president of Chinese Life Asset Management Company, said that the project explores the relay cooperation model between insurance funds and government funds in regional development and industrial support through S share investment. That is, the government plans and guides industrial development, realizes the incubation and cultivation of key areas from zero to one, and relays socialized capital such as insurance funds when the industrial development achieves phased results, so as to help the government "free the cage for birds", improve the efficiency of the use of financial funds, and break through the barriers to industrial guidance and market-oriented development.

With the help of innovative ideas, this project has found the "same frequency resonance point" between the use of insurance funds and scientific and technological innovation and regional development. This is not only the substantial support of Chinese Life for the development of new quality productive forces, but also deepens the cooperation between central enterprises and local governments and other science and technology enterprises, and brings new cooperation opportunities and technological innovation momentum to the science and technology ecosystem in Shanghai and even the whole country.

【Financial Analysis】Towards the "New": Finance and Technology "Two-Way Rush"

The clean room of China Micro Semiconductor Equipment (Shanghai) Co., Ltd., courtesy of the interviewee

We should move towards the "new" and accelerate the development of new quality productive forces

The three leading industries of integrated circuits, biomedicine, and artificial intelligence are important carriers for the development of new quality productivity in Shanghai, and financial institutions are vigorously supporting Shanghai to accelerate the construction of a modern industrial system and develop new quality productivity according to local conditions.

The China Integrated Circuit Co-insurance Body established in Shanghai aims to provide more comprehensive and accurate risk protection for the "core" of science and technology. As of the end of 2023, the members of the integrated circuit co-insurance body have been expanded to 21 insurance companies, providing risk protection of 1.34 trillion yuan for 24 integrated circuit companies.

To reduce the innovation risk of relevant biomedical enterprises and hospitals, the Shanghai Biomedical Human Clinical Trial Liability Insurance Pilot Project has served more than 1,300 projects of 196 innovative pharmaceutical companies and scientific research units, with a risk insurance amount of more than 6 billion yuan.

Promote financial resources to "new", and greater financial support is still emerging. Recently, the Shanghai Science and Technology Innovation Finance Alliance released a three-year action plan for Shanghai Finance to help the development of new quality productivity, which will invest a total of 2 trillion yuan through equity, loans, bonds, insurance, etc. within three years to promote the accelerated development of Shanghai's new quality productivity.

Last year, the Shanghai Municipal People's Government signed a strategic cooperation agreement with Chinese Life Insurance (Group) Company to carry out cooperation in the fields of serving the implementation of major national strategies, investment and financing cooperation, megacity governance, old-age security system construction, health security system construction, rural revitalization, and real economic development.

According to Zhao Jun, vice president of Chinese Life Asset Company, represented by the "Chinese Life-Hufa No. 1 Equity Investment Plan" project, Chinese Life will implement the major national strategic deployment of scientific and technological self-reliance and self-reliance, and will continue to introduce actions to help accelerate the development of Shanghai's new quality productive forces.

The Central Financial Work Conference took science and technology finance as the first of the "five major articles" and emphasized that more resources should be used to promote scientific and technological innovation. It is reported that Chinese Life focuses on the diversified needs of the whole chain and life cycle of technology-based enterprises and strategic emerging industries, actively builds and improves a diversified and professional scientific and technological financial service system, and innovates financial products and financing services. In 2023, the amount of risk protection of Chinese Life Technology Insurance will reach 87 trillion yuan, a year-on-year increase of 133%. As of the end of 2023, the Group's stock investment in supporting scientific and technological self-reliance and self-improvement has exceeded 330 billion yuan.

Editor: Xing Lisha

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