On the morning of September 8, 2024, the Results Release of 2024 Pujiang Innovation Forum was held at the Zhangjiang Science Hall. Shi Qian, a member of the Party Group and Vice Chairman of the Shanghai Association for Science and Technology, attended the Results Release, which was presided over by Zhu Xueyan, Deputy Director of our institute.

At the meeting, the "The Annual Report on the Eco-system of Science and Technology Finance in Shanghai 2023" jointly compiled by the Shanghai Institute for Science of Science, the Shanghai Financial Stability Development Research Center, the Shanghai Science and Technology Entrepreneurship Center, and the Shanghai Pudong Development Bank Shanghai Branch, was officially unveiled. Jin Aimin, Professor and Director of the Science and Technology Entrepreneurship Research Office of our institute, represented the research team and provided a detailed interpretation of the report.

The report is divided into four parts: Ecosystem Overview, Ecosystem Development, Ecosystem Opinions, and Ecosystem Case Studies. It uses the Technology Finance Ecosystem Index to track and monitor the situation of Shanghai's technology finance ecosystem and conducts multidimensional analysis of the ecosystem's development from aspects such as technology credit, technology insurance, equity investment, and multi-level capital markets. It also presents viewpoints on breakthrough directions in technology finance reform and the construction of technology finance ecosystems, and observes the cross-domain and cross-temporal trends of technology finance from a comprehensive and multi-angle perspective, providing the latest information for the industry and decision support for the development of Shanghai's technology finance.

The report shows that from 2019 to 2023, the Shanghai Technology and Finance Ecosystem Index has been steadily increasing, reaching the highest point in the past five years, 173.24, in 2023. Technology credit has been stable and progressive, with the loan balance of technology-based enterprises in Shanghai breaking through one trillion by the end of 2023, a year-on-year increase of 52.14%. The coverage of technology insurance continues to expand, and the scale of performance bond insurance continues to grow, with a cumulative service of 3,795 enterprises in 2023, supporting loans of RMB 15.1 billion yuan. The equity investment market is booming, surpassing Beijing to become the first in the country among major provinces and cities (including Shenzhen, excluding the whole territory of Guangdong). The role of the capital market in supporting science and innovation is highlighted, with 42 Shanghai companies going public on domestic and foreign capital markets in 2023, continuing to decline compared to 2022, with the third and fourth boards promoting the rapid growth of small and medium-sized enterprises.