Bank of China has released a financial support plan aimed at promoting the development of the AI Industry Chain.

On January 23, Friday, Bank of China announced that in the next five years, it plans to provide a total support of no less than 1 trillion yuan in special comprehensive financial support for various entities in the AI full Industry Chain, with a combined total of no less than 300 billion yuan from equity and bonds, while also establishing a special system guarantee to match AI technology innovation and service the financial needs of each link in the Industry Chain.

Specifically, the core content of this program includes the following four major aspects:

First, empower national technological self-reliance and strength. Bank of China has launched a "1+1+N" full-cycle service model, aimed at providing comprehensive support to enterprises involved in innovative technologies; it has established direct cooperative ties with major AI technology special projects, providing customized "one-stop" financial services covering "basic research - achievement transformation - industrial application."

Second, serve the supply of AI elements. Computing power and data are the two key elements in the development of the AI industry. Bank of China fully leverages its comprehensive financial service advantages, providing full support for the development of intelligent computing infrastructure through diversified financial tools such as Private Equity, loans, Bonds, Insurance, and leasing.

In addition, Bank Of China focuses on supporting the construction of intelligent computing centers, supporting facilities, and park infrastructure, based on the national computing power hub planning. At the same time, the bank also provides financial protection such as property insurance and comprehensive insurance for major technical equipment to effectively enhance the risk management capabilities of enterprises.

Third, promote innovation in AI technology. For innovative enterprises in the field of AI, Bank Of China provides differentiated financial services throughout the entire life cycle. The bank has built a ‘BOC+’ one-stop service system aimed at promoting the integration and upgrading of AI technology and industrial resources.mergers and acquisitions.

Bank Of China also plans to establish an integrated service system of 'Equity + Commercial Banking + Investment Banking', integrating the domestic and overseas investment banking advantages of BOC International and BOC International AIC Private Equity Fund. This comprehensive service system will assist key core technology enterprises in accessing financing channels in the Capital Markets, and nurture 'unicorns' and listed companies in the Industry Chain.

Fourth, promote the application of AI in various scenarios. Bank Of China plans to open and create application scenarios such as intelligent marketing, intelligent operation, and intelligent risk control to provide a practical platform for the implementation of AI technology; build a platform for connecting upstream and downstream of the industry chain, providing differentiated Supply Chain Finance service solutions for different scenarios. Support emerging fields such as 'AI + Siasun Robot&Automation', 'AI + Low-altitude Economy', 'AI + Biotechnology', and 'AI + New Materials', to help cultivate new growth momentum.

Looking to the future, Bank Of China stated it will take serving the AI Industry Chain as a pilot project, constructing a comprehensive and multi-level financial service system, continuously creating a new paradigm of financial Technology, fully supporting key core technologies, and promoting a high-level cycle of 'Technology - Industry - Finance', contributing sustainable financial impetus to building a modern industrial system and driving high-quality development.