The change of the chairman of the Technology Guarantee Fund has begun... public recruitment starts, raising industry "alert".

As the formal procedure for selecting the head of the technical guarantee fund is initiated, the attention surrounding the appointment of the next chairman is continuing to heat up. Following a long delay in the selection of a successor, the public recruitment process has been fully launched, and the changes in policy direction and organizational operations are highly anticipated.

The Executive Recommendation Committee of the Technical Assurance Fund announced on the 22nd that it will publicly recruit the next chairman from December 23 to January 2, 2026. After the recruitment ends, several candidates will be selected through material review and interview stages, and after being reported to the president by the minister of the small and medium risk enterprises department, the final appointment will be made by the president. This is similar to the appointment procedures for chairmen of most public institutions, following the procedural requirements to ensure transparency.

Currently, the Technology Assurance Fund is chaired by Chairman Jin Zhonghao, who has been continuously serving beyond his term. His term was originally scheduled to end in early November 2022, but due to the political uncertainties over the past few years—especially the unprecedented situations such as the December 3 emergency martial law and presidential impeachment—the successor has been postponed multiple times. Ultimately, Chairman Jin has effectively served for about two years after the official end of his term.

The regular term of the chairman of the Technical Guarantee Fund is 3 years, and reappointment can be made in units of 1 year based on evaluation results. Therefore, the newly elected chairman may only undertake short-term tasks or may bear the heavy responsibility of formulating the organization's medium to long-term development strategy. The Technical Guarantee Fund is a public institution that provides guarantees to small and medium-sized enterprises with technical strength but lacking guarantees to support fundraising. The leadership direction of the new person in charge will inevitably have a certain impact on the financial market and the policies supporting Chinese enterprises.

The full launch of the candidate selection process is expected to inject vitality into the long-stagnant organizational operations. At the same time, given that the new chairman's selection will impact the policies and support methods that the Technology Assurance Fund will focus on in the future, the small and medium-sized risk enterprise sector is also likely to closely follow the selection results.