Yangcheng Evening News T4 layout on December 28, 2023
From January to November this year, the added value of Guangdong's industrial enterprises above designated size was 3.70 trillion yuan, a year-on-year increase of 4.0%, and the growth rate was 0.4 percentage points faster than that from January to October, rebounding for seven consecutive months, and the output of new energy vehicles, integrated circuits and optoelectronic devices increased by 85.3%, 21.8% and 17.4% respectively...... As a major economic province and manufacturing province in China, Guangdong is accelerating the promotion of new industrialization, promoting the transformation and upgrading of traditional industries, developing and expanding emerging industries, and actively cultivating future industries.
From a large manufacturing province to a strong manufacturing province, the take-off of the manufacturing industry is inseparable from financial support. Supporting the construction of a strong manufacturing province with an intended financing amount of 322.7 billion yuan, 100 billion funds and 100 billion credits to help "100 billion parks", etc., Guangdong has increased the financial supply for advanced manufacturing enterprises and specialized and new "little giant" enterprises, and a package of financial support policies has injected a steady stream of "living water" into the cultivation and growth of manufacturing enterprises.
Financial "plus" to help the manufacturing industry
The reporter noted that in March this year, Guangdong issued the "2023 Guangdong Financial Support for High-quality Economic Development Action Plan", proposing to strive for 4 trillion yuan of new social financing in the province in 2023, and provide financing of more than 1 trillion yuan for manufacturing and scientific and technological innovation, focusing on the implementation of the "finance + manufacturing" project to support the high-quality development of the manufacturing industry, the "finance + science and technology" project to promote the high-quality circulation of finance, science and technology, and industry, and the "finance + marine" project to form new growth points such as "marine ranching".
The Export-Import Bank of China Guangdong Branch signed a strategic cooperation agreement with the Foshan Municipal People's Government to extend credit of no less than 50 billion yuan to enterprises in Foshan during the 14th Five-Year Plan period, ICBC Guangdong Branch will provide TCL Group with an on-balance sheet and off-balance sheet intentional financing support line of 100 billion yuan, including financing, equity funds, bonds, leasing and other businesses, and Bank of China Guangdong Branch plans to provide comprehensive credit support of nearly 20 billion yuan to Mingyang Smart Energy Group Co., Ltd......
The above-mentioned cooperation signing is the epitome of the high-quality development of Guangdong's manufacturing industry by financial institutions. In April this year, the Guangdong Provincial Government signed a comprehensive strategic cooperation agreement with 20 national financial institutions to promote the high-quality development of Guangdong, and 14 financial institutions and their subsidiaries signed specific project cooperation agreements with 28 enterprises and units in Guangdong to support the construction of a strong manufacturing province with an intended financing amount of 322.7 billion yuan.
The production workshop of a modern manufacturing enterprise Courtesy of Visual China
In 2023, Guangdong's financial support for the manufacturing industry will reach a higher level. A recent set of data from the Guangdong branch of the People's Bank of China further shows the support of financial institutions for Guangdong's manufacturing industry: as of the end of September, the balance of loans for Guangdong's manufacturing industry was 3.1 trillion yuan, a year-on-year increase of 24%, and the growth rate increased by 1.8 percentage points over the same period of the previous year; among them, the balance of medium- and long-term loans for advanced manufacturing increased by 40.7% year-on-year, and the balance of medium- and long-term loans for high-tech manufacturing increased by 38.6% year-on-year.
"Thanks to ICBC, we can continue to focus on R&D. The person in charge of Zhuhai Ziyan Unmanned Aerial Vehicle Co., Ltd. said that since the beginning of this year, in order to accelerate the upgrading of major products, enterprises need funds to increase investment in research and development. As of November 2023, ICBC Guangdong has issued loans of more than 5 billion yuan to more than 1,000 small and micro enterprises in science and technology.
According to the data, as of the end of September, the balance of loans to high-tech enterprises in Guangdong was 2.3 trillion yuan, a year-on-year increase of 23.8 percent, and the growth rate was 13.7 percentage points higher than that of various loans, and the balance of loans to small and medium-sized science and technology enterprises was 319.9 billion yuan, a year-on-year increase of 24.9 percent, and the growth rate was 14.9 percentage points higher than that of various loans. It can be seen from the data that under the guidance of policies, the growth rate of loans to science and technology enterprises is higher than the growth rate of various loans, and the trend of credit resources to science and technology enterprises is obvious, enabling Guangdong science and technology enterprises to achieve remarkable results.
According to the report of the provincial government on promoting the high-quality development of the manufacturing industry in Guangdong Province at the fifth meeting of the Standing Committee of the 14th People's Congress of Guangdong Province, Guangdong has strengthened the main position of enterprises in scientific and technological innovation, with a total of 69,000 high-tech enterprises in the province, accounting for 1/6 of the country, ranking first in the country for 7 consecutive years, ranking first in the country in terms of the number of R&D personnel and the effective number of invention patents.
A number of policies re-introduce financial "escort"
In the second half of this year, in order to promote the high-quality development of the manufacturing industry, Guangdong has frequently introduced supportive policies and measures, such as "Several Measures to Reduce Manufacturing Costs in Guangdong Province and Promote the High-quality Development of Manufacturing Industry", "Several Measures to Promote Industrial Enterprises to Accelerate the Implementation of Technological Transformation under the New Situation in Guangdong Province", "Guiding Opinions of Guangdong Province to Promote the High-quality Development of Specialized, Specialized and New Enterprises", etc., financial services have become a high-frequency word in these policies.
In December, the "Regulations on the Promotion of High-quality Development of Manufacturing Industry in Guangdong Province (Draft Revision)" was released for public comment. The draft proposes to use incentives such as risk compensation and government financing guarantees to encourage financial institutions to increase the proportion of loans to the manufacturing industry, strengthen medium and long-term loan support for manufacturing enterprises and key projects, and increase support for first loans, inclusive small and micro loans, green loans, and financial leasing.
"Financial institutions should take the manufacturing industry as the top priority of support, continue to increase credit delivery, and inject strong financial momentum into Guangdong's new industrialization." Yuan Mingnan, an expert member of the Expert Advisory Committee on the Construction of a Strong Manufacturing Province in Guangdong Province, said.
Yuan Mingnan suggested that the contradiction of shortage of funds should be effectively solved, and new breakthroughs should be made in the number of loans, the scale of new additions, and the financing structure, so as to ensure that the input of financial resources and the status of industry in social and economic development are unified; the development of a multi-level capital market, accelerate the construction of financing capacity and listing of manufacturing enterprises, support qualified advanced manufacturing enterprises to raise funds and issue bonds through the capital market, build a "specialized and refined" government industrial fund system, and broaden the financing channels of the manufacturing industry.
For manufacturing enterprises of different sizes, Yuan Mingnan said that according to the development scale of large, medium, small and micro industrial enterprises, market segmentation, further clarify the target of the customer group, formulate differentiated and characteristic financing strategies, focus on the development of small, medium and micro industrial enterprises involved in the upgrading of traditional products, project technological transformation, industrial capacity improvement, scientific and technological innovation and transformation of the field, increase the allocation of financial resource elements, continue to strengthen the "blood transfusion" function, resolve the contradiction of capital shortage, and then enhance the "hematopoietic" ability of industrial enterprises themselves.
At the same time, it is necessary to strengthen innovation and guidance, improve the product supply system, guide financial leasing companies to support the equipment upgrading and intelligent upgrading of manufacturing enterprises through direct leasing and operating leasing, strengthen the cooperation of chain finance, improve the financial services of the manufacturing industry chain and supply chain, and effectively meet the financing needs of industrial chain enterprises; give full play to the characteristics and advantages of small loan companies and financial companies to provide diversified financing services for advanced manufacturing enterprises.
In addition, Yuan Mingnan suggested that the government should further deepen bank-government cooperation and improve the quality and efficiency of financial services, such as the full docking of local governments and financial institutions, and the relevant government departments should give a clear scope of cooperation and a list of enterprises, including key manufacturing customers, key science and technology enterprises, and industrial park industrial cluster projects in key industrial parks, while banks should provide support in terms of access, pricing, scale, and efficiency.
Reporter Xu Zhangchao
Photo: Visual China