Explore the incubation and incubation system of science and technology financial empowerment, and Guangzhou will create a "empowerment service +" full-chain model

Southern Finance all-media intern reporter Lin Sien and reporter Liu Ningxin Guangzhou reported that on January 18, the Registration System Reform and Multi-level Capital Market Forum hosted by the Greater Bay Area Science and Technology Innovation Service Center (Guangzhou) Co., Ltd. (hereinafter referred to as the "Greater Bay Area Center") was successfully held in the Guangdong Equity Exchange Center, with the theme of "Capital Empowerment, Innovation Set Sail".

At the forum, the Greater Bay Area Center signed a IPO counseling contract with Industrial Securities, Huaxing Certified Public Accountants and Grandall Law Firm, and signed a 100 million yuan credit contract with China Merchants Bank Guangzhou Branch, marking a new stage for the Greater Bay Area Center as an innovative practice of mixed reform of state-owned enterprises.

"The Center of the Greater Bay Area has taken an important step towards docking the multi-level capital market, and we hope that the Center of the Greater Bay Area and all service institutions will firmly grasp the 'dividend' of the multi-level capital market registration system reform, give full play to the advantages of professional services, promote the IPOs of more Guangzhou enterprises, and actively contribute to the construction of a strong city of scientific and technological innovation and the Guangdong-Hong Kong-Macao Greater Bay Area." Wang Guilin, director of the Guangzhou Municipal Science and Technology Bureau, said.

Open up the "last mile" of technology financial services

The data shows that among the 92 new A-share listed companies in Guangdong in 2021, the ChiNext Board and the Science and Technology Innovation Board account for more than 80%, and the attributes of scientific and technological innovation and industrial agglomeration are obvious, and the funds raised also rank among the forefront of the country. Behind the "first" of a number of indicators is the epitome of Guangdong's grasp of the multi-level reform wave of the capital market and the empowerment of enterprise innovation and development.

In 2019, Guangzhou Production and Investment Group led the establishment of the Greater Bay Area Science and Technology Innovation Service Center, focusing on the "science and technology service platform" and promoting the cultivation and incubation of strategic emerging industries. In 2021, the Greater Bay Area Center will bring more than 60% dividends and 80 times the return on investment to Guangzhou Production and Investment Group.

"As a benchmark for the reform of state-owned enterprises, the center of the Greater Bay Area has always played a role in resource integration and linking, becoming a 'link' between the government and the market, providing comprehensive empowerment services for capital and resources for technology enterprises and talents." Gao Dongwang, chairman of Guangzhou Industrial Investment Holding Group Co., Ltd., said at the forum.

In the past three years, the Center of the Greater Bay Area has adhered to the model of "government-led + state-owned assets + market operation", and through the market-oriented allocation of factors, it has moved forward on the road of leading and helping the development of scientific and technological innovation, and jointly built the scientific and technological innovation ecology of the Greater Bay Area.

In July 2021, Guangzhou issued the Implementation Opinions on Further Promoting the Integration and Development of Science and Technology Finance and Industry in the New Era, which systematically planned the city's science and technology finance work in the next five years, and focused on excavating and cultivating technology-based small and medium-sized enterprises.

In order to open up the "last mile" of science and technology financial services, the Center of the Greater Bay Area has pioneered the linkage mechanism of "capital pool", "workstation" and "commissioner", linked to carry out the two-way matching of science and technology finance workstations and science and technology finance commissioners, and explored the "1+1" model of science and technology financial empowerment incubation and incubation system through "two-way roadshow and independent choice".

Up to now, the credit risk compensation fund pool of science and technology SMEs in Guangzhou has lent more than 50 billion yuan to more than 6,000 enterprises in the city. The 110 science and technology financial workstations cover 83% of the national incubators in Guangzhou, 51.72% of the provincial incubators, 179 commissioners accurately serve 1000+ enterprises in the park, and promote 600 enterprises to obtain investment and financing of more than 16 billion yuan.

"It is hoped that the Center of the Greater Bay Area will seize the major opportunities of the multi-level capital market for development, rely on the core competitive advantages in excellent operation and resource docking, gather the wisdom and strength of all parties to complete the listing counseling, become bigger and stronger, accelerate the entry into the multi-level capital market, and run out of the 'Speed of the Greater Bay Area'." Gao Dongwang said.

Since 2021, with the deepening of the reform of the New Third Board and the successful landing of a series of deepening reform measures in the capital market such as the establishment of the Beijing Stock Exchange, technology-based SMEs have taken the "fast lane" of capital and system and ushered in rapid development opportunities.

The relevant person in charge of the South China Base of the National Stock Transfer Company (New Third Board) pointed out that the New Third Board has become an important platform for the capital market to serve small and medium-sized enterprises, broadening the coverage of the capital market to serve the real economy, alleviating the financing difficulties of small and medium-sized enterprises, and effectively promoting the integration of enterprise resources and transformation and upgrading.

As of the end of December 2021, a total of 203 enterprises in Guangzhou have been listed on the domestic and foreign capital markets; of which, a total of 12 companies have successfully landed on the Science and Technology Innovation Board, 34 companies have been listed on the ChiNext Board, 4 companies have been listed on the Beijing Stock Exchange for the first time (ranking second in the country), and a total of 502 companies have been listed on the New Third Board, showing the background of the "new" word for Guangdong enterprises.

Explore the enterprise listing 3.0 model

On January 6, the General Office of the State Council issued the "Overall Plan for the Pilot Reform of the Market-oriented Allocation of Factors" to promote the in-depth development of the reform of the market-oriented allocation of factors and improve the allocation of scientific and technological innovation resources.

In recent years, Guangdong has vigorously promoted the reform of the market-oriented allocation of capital factors and marched towards the breadth and depth of comprehensive reform pilots. The Action Plan for Guangdong Province to Further Promote the Reform of the Market-oriented Allocation of Capital Elements (hereinafter referred to as the "Plan") proposes to guide credit funds to key areas, expand direct financing channels, and create a multi-level capital market with complementary functions and internal and external connectivity; and strive to reach more than 1,500 domestic and foreign listed companies and 500 listed companies on the Science and Technology Innovation Board and the ChiNext Board by 2025.

"The center of the Greater Bay Area is the 3.0 model for enterprise listings." Wan Tao, sponsor representative of the third department of the investment banking business headquarters of Industrial Securities, said, "With government guidance and market regulation, the Greater Bay Area Center has allowed enterprises to further grow by operating science and technology parks and docking financial resources, which is a unique service advantage of the Greater Bay Area Center." ”

As a practitioner and innovator of the market-oriented allocation of factors, under the guidance and promotion of government departments, the Greater Bay Area Center brings together innovative resources such as government units, colleges and universities, financial institutions, listed companies, etc., to provide comprehensive empowerment services for science and technology enterprises through the market-oriented allocation of factors, and build a scientific and technological innovation ecology in the Guangdong-Hong Kong-Macao Greater Bay Area.

It is reported that the Center of the Greater Bay Area has formed a fifteen-point enabling service system for scientific and technological innovation with a complete service chain, including government service platform operation management, double creation services, achievement transformation services, intellectual property services, listing services, etc., to create an "enabling service +" scientific and technological innovation model.

"We pool resources to empower technology-based small and medium-sized enterprises, support enterprises to go to the capital market through investment, financing and loans, and let more capital participate in investing in technology enterprises." At the same time, the Greater Bay Area Center is also a beneficiary of the ecological achievements of scientific and technological innovation. Qin Haiou, secretary of the party branch and chairman of the Greater Bay Area Science and Technology Innovation Service Center, said.

In addition, the "Plan" also pointed out that Guangdong should explore the establishment of a comprehensive science and technology financial service platform to promote the industrialization of scientific and technological achievements. As the builder of the science and technology innovation ecosystem, the Greater Bay Area Center is committed to using digital means to deepen the market-oriented allocation of science and technology resource elements.

Since 2020, the Center of the Greater Bay Area will accelerate digital transformation, enhance digital capabilities, focus on government and enterprise services, scientific and technological innovation services, and rely on offline service systems and key element resources to build a "smart brain of science and technology finance". Through the accurate portrait of big data, we will build an information service system such as debt financing, equity financing, and value-added services, and focus on solving the difficult pain points in the process of government and enterprise services in the field of scientific and technological innovation.

At present, the database of science and technology enterprises established in the center of the Greater Bay Area has covered more than 30,000 enterprises, and through information means, the credit risk loss compensation fund pool declaration system and data exchange center of guangzhou technology-based small and medium-sized enterprises have been built.

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