Four departments: Encourage insurance funds to provide key support to enterprises undertaking major national science and technology projects and strengthen investment layout in emerging industries and future industries.

The Ministry of Science and Technology, the State Administration for Market Regulation, the Ministry of Industry and Information Technology, and the National Intellectual Property Administration have issued the “Several Opinions on Accelerating the High-Quality Development of Science and Technology Insurance to Strongly Support High-Level Scientific and Technological Self-Reliance and Strength.” Among them, it emphasizes supporting investments in major national science and technology projects and key technological fields. It encourages insurance funds to prioritize support for enterprises undertaking major national science and technology projects and to strengthen investment in emerging and future industries. The reform pilot program for long-term investment of insurance funds will be promoted, encouraging priority investments in tech-based enterprises. Under the premise of controllable risks and sustainable business, insurance funds are supported to increase their investment in technology innovation bonds and to invest in securitized products related to science and technology innovation. Policies supporting the use of insurance funds to enhance the capacity for scientific and technological innovation will be fully utilized. Support for venture capital will be increased. Insurance institutions are encouraged to follow market-oriented and rule-of-law principles to increase funding support for venture capital institutions focusing on cutting-edge technology fields, implement policies related to insurance funds supporting venture investments, and improve the willingness to support venture capital. Insurance and venture capital institutions are guided to support the development of incubators and other tech service organizations. Long-term, steady investment of insurance funds is encouraged, and an internal fault-tolerance mechanism for state-owned insurance institutions participating in venture capital will be improved.