Shandong: Encourages financial institutions to develop financial products such as "scenario-based loans" in accordance with laws and regulations.

Mars Finance reported on April 16 that the General Office of the Shandong Provincial People's Government recently issued the "Action Plan on Supporting the Cultivation and Open Application of Scenarios to Promote Breakthroughs in New Productivity." The plan proposes strengthening policy support and guarantees. Each year, a batch of pioneering technologies with urgent practical transformation needs will be identified and matched with high-quality scenarios throughout the province. Benchmark scenarios with precise matching and outstanding demonstration effects will be included in major industrial research projects, and those meeting the criteria will receive bilateral support from both the developer and the capability provider. Support will be given to include major scenario projects in provincial key projects. Support will be given to major new technologies and products incubated through scenario innovation, and those meeting the criteria will be included in the provincial guidance catalogs for the first (set) of technical equipment, the first batch of new materials, and the first edition of high-end software applications. Government procurement will be encouraged to support the promotion and application of scenario innovation solutions. Financial institutions will be encouraged to develop financial products such as "scenario loans" in accordance with laws and regulations. "Patient capital" for scenarios will be cultivated, and industrial funds such as the Digital Economy Development Fund and the Artificial Intelligence Development Fund will be fully utilized to precisely support the construction of new scenario solution projects. The establishment of flexible intellectual resource mobilization mechanisms such as the "Scenario Innovation Partner" system will be encouraged. Entities possessing core scenario resources will be encouraged to explore new models of "scenario equity investment." (Shandong Provincial Government Website)