- Platform ranks companies using R&D, patents and talent data
- High-scoring firms can access faster loans and policy support
Zhejiang has launched a province-wide digital scoring platform designed to help banks and local governments identify promising technology companies, as officials seek to direct more financing toward innovation-driven businesses.
The “innovation points system” platform was officially unveiled on May 24 during Zhejiang’s 2026 National Science and Technology Week events.
Developed jointly by the provincial science and technology department, the Zhejiang branch of China’s central bank and other agencies, the platform aggregates data including corporate R&D spending, patent holdings, talent structure and innovation output into a unified score for each company.
In April, authorities screened about 4.1 million market entities across the province and identified roughly 320,000 companies with technology and innovation attributes, building dynamically updated digital profiles for each firm.
The scoring framework combines province-wide baseline indicators with locally tailored criteria tied to regional industries. Biotechnology firms and software companies, for example, are assessed differently based on sector characteristics.
Simplifying financing access
Officials said the system is intended to simplify financing access for technology firms. Companies can view their scores through Zhejiang’s government services app “Zheliban” and use them to apply directly for loan and insurance products tied to innovation ratings.
The platform also automatically matches companies with eligible policy support programs, reducing paperwork and repeated applications.
In Hangzhou’s Xiaoshan district, nine banks have already launched “innovation score loans,” extending 1.71 billion yuan ($252 million) in credit to 290 technology firms.
In Jinhua, high-scoring companies can access low-interest loans of up to 10 million yuan and financing guarantees of as much as 30 million yuan at reduced rates.
Zhejiang said it plans to expand pilot programs across more counties and cities, with the goal of steering more financial resources toward high-growth technology companies.
