Quanzhou has successfully issued Fujian Province's first pilot loan for sci-tech enterprise mergers and acquisitions (excluding Xiamen), amounting to RMB 72 million. This transaction was extended by Bank of China's Quanzhou branch to a listed sci-tech company in the city, marking a symbolic breakthrough for Quanzhou in providing financial support for technological innovation and serving high-quality industrial development.
On May 13, 2025, several national ministries and commissions jointly issued a document explicitly launching the pilot program for merger and acquisition loans for sci-tech enterprises. This pilot M&A loan policy is a significant national initiative to support sci-tech enterprises in integrating innovation resources and enhancing core competitiveness through mergers and acquisitions. It offers greater support in areas such as financing ratios and loan terms. The policy is precisely tailored to the characteristics of sci-tech enterprises, including long R&D cycles, substantial M&A investment requirements, and urgent needs for resource integration. It effectively reduces the financing costs for corporate mergers and acquisitions and stimulates corporate innovation vitality and development momentum.
The successful issuance of this first pilot loan in Quanzhou represents both the rapid translation of national policy benefits within the city and a tangible achievement of its financial institutions in deepening sci-tech finance and proactively serving the real economy. Currently, Quanzhou is continuously implementing a three-year action plan to enhance sci-tech financial service capabilities. It is deepening the development of its sci-tech financial service system, guiding financial institutions to increase support for high-tech enterprises, listed companies, and enterprises with specialized and sophisticated technologies for novel and unique products. The city is channeling financial resources towards key areas such as technological innovation, advanced manufacturing, and industrial transformation, aiming to connect the cycle of "sci-tech—industry—finance". This accelerates the transformation of sci-tech industries and fosters the rapid formation of industrial clusters in fields like semiconductors and new materials, positioning Quanzhou as an important hub for scientific and technological innovation in Fujian Province. By the end of 2025, the outstanding balance of sci-tech loans in the city reached RMB 130.644 billion, a year-on-year increase of 14.69%, which was 8.28 percentage points higher than the growth rate of all loan categories. Both the growth rate and the incremental amount ranked second in the province.