What influence does Silicon Valley Bank have on China?

1. Impact on China's financial market: At present, the impact of the Silicon Valley Bank incident on China's financial market is very limited. On the one hand, because the financial markets of China and the United States are not completely open and interconnected, the direct contagion effect of the Silicon Valley Bank incident on China's financial market is relatively small. On the other hand, China's financial market can remain relatively stable and orderly because China's financial regulators and the central bank take timely measures to stabilize market sentiment and guard against risks. 2. Impact on China's technology industry: The Silicon Valley Bank incident also had a certain impact on China's technology industry. On the one hand, because Silicon Valley Bank mainly provides financial services for technology start-ups, its bankruptcy will make some technology companies lose their sources of funds and credit support, thus affecting their survival and development. On the other hand, because the Silicon Valley Bank incident reflects the challenges and competition faced by the US technology industry, it also provides warnings and opportunities for the China technology industry. Warning is to guard against the risk of technology bubble and the uncertainty of innovation economy; Opportunity is to seize the power and advantages of scientific and technological innovation and strengthen international cooperation. 3. Enlightenment to China's financial supervision: If the bankruptcy of Silicon Valley Bank in the United States brings enlightenment to China's financial supervision institutions, it may promote the reform and improvement of China's financial supervision, thus improving the stability and reliability of China's financial market. On the one hand, China's financial regulators can learn from the lessons of the Silicon Valley Bank incident in the United States, and strengthen the supervision of financial institutions from the aspects of capital adequacy ratio, liquidity risk and credit risk to prevent similar incidents. On the other hand, China's financial regulators can learn from the experience of the Silicon Valley Bank incident in the United States and establish a more flexible and effective financial crisis response mechanism, including improving the efficiency of financial rescue and takeover, improving the financial consumer protection system, and strengthening international financial cooperation. Silicon Valley Bank (SVB), 1983, established in the United States, is a subsidiary of Silicon Valley Bank Financial Group with assets of $5 billion. Through 27 offices in the United States, three international branches and extensive business networks in Asia, Europe, India and Israel, it has provided loans of $2.6 billion for venture capital and start-ups. Silicon Valley Bank mainly serves technology-based enterprises and has successfully helped star enterprises such as Facebook and twitter. On March 10, local time, according to the statement issued by the Federal Deposit Insurance Corporation (FDIC), the California Department of Financial Protection and Innovation (DFPI) announced the closure of Silicon Valley Bank in the United States and appointed FDIC as the bankruptcy administrator. On March 1 1, US Democratic Senator elizabeth warren said that the executives of Silicon Valley banks must be responsible for the bank bankruptcy caused by their dereliction of duty and mismanagement; On March 12, the US Treasury Department reported that the Ministry of Finance, the Federal Reserve and the FDIC jointly issued a statement saying that decisive actions were being taken to protect the US economy by enhancing public confidence in the banking system.