# China's 11 Government Departments Set Tech-Finance Roadmap

> China's 11 government departments launch tech-finance roadmap targeting 2030 direct financing growth and international venture capital hubs in Beijing, Shanghai, and Shenzhen.
- Title: China's 11 Government Departments Set Tech-Finance Roadmap
- Summary: China's 11 government departments launch tech-finance roadmap targeting 2030 direct financing growth and international venture capital hubs in Beijing…
- Keywords: china, tech-finance, direct financing, venture capital, beijing, shanghai, shenzhen, national venture capital guidance fund, guangdong-hong-kong-macao greater bay ar, innovation points system, qualified foreign limited partner, star market
- Source: BigGo Finance — https://finance.biggo.com/news/87706a1d-2f6d-428a-9f46-57bc89718f83
- Author: BigGo Finance
- Published: 2026-10-19T14:35:12+00:00
- Read time: 2 min
- Topics: china, tech-finance, direct financing, venture capital, beijing, shanghai, shenzhen, national venture capital guidance fund, guangdong-hong-kong-macao greater bay ar, innovation points system, qualified foreign limited partner, star market
## China's 11 Government Departments Issue Tech-Finance Roadmap
China's People's Bank of China and 10 other government departments jointly issued guidance on Oct. 19 setting out a tech-finance roadmap for China's three international science and technology innovation centers.
## Direct Financing Share to Rise Notably by 2030
The document calls for a notable increase in the share of direct financing by 2030 and the basic formation of integrated regional financial services.
## World-Class Venture Capital Hubs Targeted
Beijing, Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area are required to build world-class venture capital hubs with differentiated positioning and coordinated efforts.
## National Venture Capital Guidance Fund as Patient Capital
The National Venture Capital Guidance Fund will play the role of patient capital by investing in sub-funds and projects in emerging and future industries.
## Shenzhen Stock Exchange Builds Global Asset Allocation Platform
The Shenzhen Stock Exchange is required to accelerate building a global asset allocation platform with innovative market features.
## Greater Bay Area Focuses on Open Tech-Finance System
The Guangdong-Hong Kong-Macao Greater Bay Area is tasked with building an open tech-finance system with cross-border credit reporting cooperation and fintech regulatory sandboxes.
## Cross-Regional Tech-Finance Service Alliances
The document proposes building cross-regional tech-finance service alliances to strengthen cooperation among banks, securities firms, insurers, and venture capital firms.
## Innovation Points System for Mutual Recognition
The Innovation Points System will achieve interconnection and mutual recognition across Beijing-Tianjin-Hebei, Yangtze River Delta, and Greater Bay Area.
## Qualified Foreign Limited Partners (QFLP) Policy
The document proposes studying and improving policies to facilitate foreign exchange business for Qualified Foreign Limited Partners (QFLP).
## Shenzhen Listings for Hong Kong Companies
The Greater Bay Area supports promoting Shenzhen listings by Hong Kong-listed companies in compliance with regulations.
## Cross-Border Credit Reporting Cooperation
The document explicitly promotes cross-border credit reporting cooperation among Guangdong, Hong Kong and Macao.
## 2030 Tech-Finance System Goals
By 2030, the tech-finance services system will reach higher levels in diversification, adaptability, coordination and internationalization.
## 2035 Tech-Finance System Goals
By 2035, a tech-finance system commensurate with international science and technology innovation centers of global influence will be established.
## Key takeaway

China's 11 government departments will increase direct financing share by 2030 and build international venture capital hubs in Beijing, Shanghai, and Shenzhen.