Shanghai's financial regulator has issued opinions on improving the quality and efficiency of technology finance in the city's banking and insurance sectors, according to Jiemian News. The measures call for broader financing channels for technology firms, including advancing the long-term investment reform pilot for insurance funds, encouraging insurers to increase commitments to venture capital, private equity and M&A funds in Shanghai, and supporting local insurers to set up private equity and securities investment funds focused on strategic emerging industries and hard-tech sectors. The document also urges deeper cooperation between banks and various funds, including information sharing, risk warnings and shared risk-return mechanisms, and says Shanghai will push forward the equity investment pilot for financial asset investment companies. It also supports asset managers in using both debt and equity tools to provide integrated financing services for technology companies at different stages of growth.