In „135“ (the present five-years plan), China will push even more for an innovation-driven development and commercial exploitation of academic research. The value of technology transactions in China amounted to 983.5 billion yuan (about 150 bln U.S. dollars) in 2015, up 14.7 percent year on year, and statistics from the Ministry of Science showed 16 pilot areas implementing a combined technology and finance” program, including Shanghai and Chongqing, have loaned more than 1.2 trillion yuan to middle and small enterprises for scientific research investment.”

CAS news release, March 7, 2016