Nanjing, a city of innovation, has made remarkable strides in recent times. It soared to the 2nd position in the national innovative cities ranking and advanced to the 13th spot in the global innovation index. On June 26, the “Implementation Plan for the Construction of Nanjing Science and Innovation Financial Reform Pilot Zone” was officially unveiled, outlining ambitious goals for the future.

By the end of 2027, Nanjing aims to establish over 100 specialized organizations dedicated to science and innovation finance. The average annual growth rate of loans to science and innovation enterprises is targeted to surpass the general loan growth rate by 20%. Moreover, Nanjing plans to add more than 60 new listed companies in the science and innovation sector, with venture capital enterprises on record amassing a total scale exceeding RMB 500 billion. Additionally, the total amount of loans for intellectual property pledge financing is set to surpass RMB 40 billion.

Presently, Nanjing takes pride in nurturing 106 “little giants” firms with national specialties. The city has also witnessed the formation of one 500 billion and four 100 billion emerging industry clusters. Notably, the software and information services sector, along with the smart grid, has been selected as the first batch of national advanced manufacturing clusters. Furthermore, Nanjing has received approval to establish a national artificial intelligence innovation and application pioneer area.