On December 23, Bank of China (BOC) unveiled its "BOC Technology Innovation Integrated Customer Cultivation Program" (referred to as the "Integrated Cultivation Program") in Beijing. The initiative aims to provide comprehensive technology-finance services for enterprises specializing in critical core technologies, backed by a dedicated fund of 60 billion yuan for equity and loan support. BOC Chairman Ge Haijiao and China Investment Corporation Chairman Zhang Qingsong attended the event and delivered speeches, while BOC Vice President Yang Jun introduced the implementation plan for the program. Representatives from regulatory bodies such as the People's Bank of China, the National Financial Regulatory Administration, the National Development and Reform Commission, the Ministry of Science and Technology, and the Shanghai Stock Exchange, as well as government and corporate delegates including Nanjing Municipal Government, PICC, China International Capital Corporation (CICC), China Resources Group, Moore Threads, and CAS Star, participated in the event.
Ge Haijiao emphasized that the Fourth Plenary Session of the 20th CPC Central Committee and the Central Economic Work Conference have outlined clear directives to "accelerate high-level technological self-reliance and foster new productive forces" and "uphold innovation-driven development to cultivate new growth drivers." In recent years, BOC has prioritized supporting China's technological advancement by refining its technology-finance product and service ecosystem. The bank pioneered the "Action Plan to Support AI Industry Chain Development" and has continuously explored financial service models tailored to the innovation lifecycle and growth patterns of tech enterprises. The newly launched Integrated Cultivation Program represents another robust effort by BOC to implement central government policies and innovate technology-finance services. It seeks to provide end-to-end financial support for high-potential tech firms through integrated, long-term, and ecosystem-based financial solutions, thereby promoting a virtuous cycle of "technology-industry-finance."
Ge Haijiao stated that BOC will leverage this initiative as a new starting point to deepen integrated financial services, offering diversified solutions such as bonds, leasing, and insurance to nurture tech firms with core technological competencies. The bank will adopt a long-term perspective by expanding patient capital supply, targeting key industries and aligning with R&D and commercialization cycles to channel more patient capital into critical innovation phases. Additionally, BOC will foster an open innovation ecosystem by establishing a technology-finance innovation alliance to enhance synergy among technological, industrial, and financial elements. Collaborating with stakeholders across sectors, BOC aims to pool resources and complementary strengths to inject stronger financial momentum into achieving technological self-reliance and building China into a global tech leader.
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