A series of scientific and technological achievements have emerged to provide a source of power for industrial innovation and upgrading...... With the financial spring breeze blowing, Zhejiang is going all out to "take the lead in shaping new advantages of development with scientific and technological innovation", and the surging momentum of competing for new quality productivity is surging everywhere on the fertile soil of innovation.
Serving new quality productivity is the key focus of financial support for high-quality development. The Zhejiang Supervision Bureau of the State Administration of Financial Supervision adheres to the fundamental purpose of financial services for the real economy, accurately supports Zhejiang's "8+4" economic policy system, makes overall plans and formulates financial support measures, and tilts more financial resources to major strategies and key areas such as the development of new quality productivity, advanced manufacturing clusters, and scientific and technological innovation, and shows new achievements in supporting economic and social development, and injects financial strength into the development of new quality productivity.
Ignite the "science and technology innovation engine" to help enterprises move towards "new".
Scientific and technological innovation is the core element in the development of new quality productive forces. However, the "flower of science and technology" is inseparable from the financial "living water". According to the "Implementation Opinions on High-quality Financial Services for Economic and Social Development" issued by the Zhejiang Supervision Bureau of the State Administration of Financial Supervision and Administration this year, the institutions under its jurisdiction will be promoted to focus on key areas such as the "No. 1 Project" of the digital economy and the "315" scientific and technological innovation system, expand the scale of loans to technology-based enterprises, and strive to increase the growth rate of loans to technology-based enterprises within the jurisdiction in 2024 higher than the average growth rate of various loans.
Testers from Zhejiang Qingmowan Energy Technology Co., Ltd., which has obtained the "Science and Technology Innovation Index Loan" from Bank of Wenzhou, are conducting system calibration tests.
A penny is hard to beat a hero, especially for R&D-heavy, asset-light, and collateral-defined. "Due to the unexpected growth of the company's orders, the company's short-term financial pressure is highlighted. Fortunately, the money from the bank was in place in a timely manner, which solved our urgent need. The co-founder of an avionics company in Hangzhou said. Founded in 2020, the company is a technology-based small and medium-sized enterprise, a high-tech enterprise, and has a number of intellectual property rights, focusing on the field of aviation avionics, providing intelligent solutions and avionics products. Although it has absorbed many professionals, the company's own hematopoietic capacity is not enough to support the technical research and development expenses and daily expenses of various products, and it has been in a state of loss since its establishment, relying on the funds of shareholders and investors to maintain its operation. Based on the company's qualifications and technical barriers, Bank of Wenzhou Hangzhou Branch granted the enterprise a credit of 6 million yuan to support its daily operation and raw material procurement, which effectively solved the financial difficulties of the company's early development.
On the road of promoting high-quality economic development, the development of new quality productivity has become an indispensable and important starting point. Bank of Wenzhou is committed to building a comprehensive, multi-level financial service system covering the whole life cycle of science and technology enterprises, and leveraging more funds to invest in the field of science and technology innovation through continuous innovation of financial products and service models, so as to empower and empower the development of new quality productivity. As of the end of March, the bank's balance of loans to science and technology enterprises increased to 14.293 billion yuan, serving 1,154 science and technology enterprises.
Walking into the life of Huanghua Group, a national high-tech enterprise in Yueqing, the "capital of China's electrical appliances", the machines roared, and the busy figures of workers and the production scene in full swing were everywhere. "IB's 'specialized, refined, special and new loan' has provided us with great help in order production, with pure credit and low interest rate, which has given us the confidence to deliver documents on time. For "fighting production", Mr. Chen, the person in charge of Huanghua Group, is full of confidence. As a leading enterprise in the power transmission and distribution industry in Yueqing City, with the development of business, orders continue to increase, resulting in the financing needs of working capital turnover. After learning about the company's needs during the visit, the financial correspondent of Wenzhou Branch of Industrial Bank immediately set up a special working class to tailor an exclusive financial service plan for the enterprise, and soon provided a credit line of 10 million yuan, which solved the urgent need of the enterprise.
To speed up the formation of new quality productivity, we should not only pay attention to the original innovation from 0 to 1, but also pay more attention to the industrialization from "1 to 100". How to provide "more suitable" financial products for science and technology enterprises, banking institutions have been trying to give a "Zhejiang solution".
The customer manager of Wenzhou Branch of Industrial Bank entered the enterprise to meet the financial needs.
Create "five specialized" services to help the development of advanced manufacturing industry
Zhejiang is a major manufacturing province, and supporting the high-quality development of the manufacturing industry is the top priority of Zhejiang's banking industry. In order to support manufacturing enterprises, we will strive to increase the province's new medium and long-term loans for the manufacturing industry by more than 400 billion yuan in 2024.
Specialized, special and new enterprises are an "important position" for cultivating and developing new quality productive forces. Based on this, China CITIC Bank Wenzhou Branch has an exclusive "five specializations" service system - special policies, exclusive products, professional teams, professional solutions, and special actions, to help high-quality economic development with high-quality financial services and serve the main force of the real economy. An auto parts manufacturing enterprise supported by the bank is mainly engaged in the research and development, production and sales of automobile seat frame assemblies and parts, and is a provincial-level "specialized, special and new" enterprise in Zhejiang. In recent years, the company has developed steadily, and its net profit has increased year by year, and it has grown into a medium and large enterprise. China CITIC Bank Wenzhou Branch provides services and credit support for the enterprise through the "investment and loan linkage" business model, taking into account the characteristics of strong innovation ability, large R&D investment, high financing timeliness requirements, and rich intellectual property rights. In addition, it also gives full play to the synergistic advantages of CITIC and cooperates with CITIC Securities to provide IPO listing guidance for enterprises, and provides enterprises with comprehensive financial services that are "more than loans".
Create a collaborative and comprehensive financial circle of friends. "We give full play to the synergistic advantages of CITIC Group, serve the specialized and special new customer groups with new industry tracks, multiple equity financings and fast growth in multiple dimensions, and launch a professional brand of financial services of 'financing and wisdom', 'public-private synergy' and 'group synergy'. "Under the joint operation of CITIC United Fleet, we will provide comprehensive financial services including credit, financial leasing, bond underwriting, equity investment and other comprehensive financial services for high-quality enterprises in Wenzhou.
The professional team of China CITIC Bank Wenzhou Branch visited specialized and special new customers, and financial services helped enterprises develop new quality productivity.
The development of new quality productivity should not only support the transformation of traditional manufacturing enterprises, but also actively explore science and technology enterprises with more development prospects. In recent years, China CITIC Bank has launched the "Investment and Loan Linkage Scorecard for Science and Technology Enterprises" approval model in a timely manner, innovating the credit logic of science and technology enterprises from the perspective of the industry, and building a differentiated approval system for science and technology enterprises in line with their asset-light and high-growth characteristics. On the premise of continuously strengthening customer screening capabilities and risk identification capabilities, we will tilt financial resources to science and technology enterprises and deeply participate in their future business development.
As a traditional advantageous industry in Wenzhou, the pump and valve industry is an important part of Wenzhou's "5+5+N" industrial layout and the construction of two trillion-level industrial clusters. A high-tech manufacturing enterprise in Wenzhou, which mainly produces industrial pumps, valves and chemical equipment, is the beneficiary of the credit card approval model of China CITIC Bank. The company is a domestic Sinopec and PetroChina access supplier, China CITIC Bank according to the company's own specialized, special and new "little giant" and other scores, to give its credit line support, no collateral credit loans to make it easy for enterprises to go into battle, more confident to further increase investment in research and development, enhance the core competitiveness of products.
Deeply cultivate subdivided scenarios to create "more adaptable" financial products
In order to do a good job in the development of science and technology finance to empower the development of new quality productivity, the Zhejiang Supervision Bureau actively promotes the institutions under its jurisdiction to improve the financial services of the whole life cycle of science and technology enterprises, and develops special products such as "R&D loan", "talent loan", "talent insurance" and intellectual property pledge financing to accurately serve different scenarios.
In March, the Wenzhou Supervision Branch of the State Administration of Financial Supervision and Administration, the Wenzhou Branch of the People's Bank of China, the Organization Department of the Municipal Party Committee (Talent Office), the Municipal Science and Technology Bureau, the Municipal Economic and Information Bureau, and the Municipal Finance Bureau jointly issued a document, proposing to strengthen the scientific and technological innovation of financial services and help the cultivation and development of new quality productivity. The implementation plan proposes to continue to improve the credit financing capacity of science and technology enterprises, promote the "data loan" financing model, and promote the effective growth of the balance of science and technology index loans and intellectual property pledge financing loans.
On March 29, Zhejiang Jinjia Auto Parts Co., Ltd. signed a trade secret financing credit agreement with Wenzhou Ruian Branch of Industrial Bank. In the afternoon of the same day, the first loan of 6.5 million yuan applied by the enterprise arrived as scheduled. This is the first trade secret credit loan in Zhejiang Province.
Trade secrets are the core and most competitive intellectual property rights of enterprises, and often contain huge economic value. However, due to its non-public and difficult to quantify nature, a large number of valuable asset resources are "sleeping" and idle. Zhejiang Jinjia Auto Parts Co., Ltd. is a high-tech enterprise focusing on providing customers with technical solutions and services for automotive electronic fuel injection systems and exhaust emission treatment systems, with more than 4,000 product varieties, covering more than 80% of the world's models. In 2023, it will be rated as a demonstration site for trade secret protection in Wenzhou, and is currently accelerating the construction of overseas factory projects, but it is facing a tight working capital situation. After learning about this situation during the daily visits to enterprises, the customer managers of IB actively connected with the Ruian Municipal Administration for Market Regulation based on the advantages of the "demonstration sites" of the enterprises, took the initiative to build a "bridge" between the government and the bank and enterprises, explored the innovation of trade secret financial products and models, and tailored exclusive credit and unsecured trade secret financing and credit schemes, so as to promote the effective transformation of "intellectual property" into "assets" and "intellectual property" of enterprises.
This is a microcosm of the new quality productivity of financial precision services. IB gives full play to the advantages of the innovative financial products and services system of science and technology innovation, and helps science and technology enterprises transform product advantages and innovation advantages into high-quality development advantages. As of the end of 2023, the balance of loans to technology-based enterprises of Industrial Bank Wenzhou Branch was 7 billion yuan, an increase of 37% in two years. In addition, the exclusive evaluation system of "technology flow" specially launched for the innovation of science and technology enterprises has provided credit of more than 25 billion yuan for more than 200 Wenzhou science and technology enterprises, transforming the technological "soft power" of enterprises into financing hard currency.
Similarly, Bank of Wenzhou has also iterated on the research and development of exclusive products to strengthen the potential energy of scientific and technological talents. "In addition to patents, I didn't expect that 'talent' could also be the basis for loans. The person in charge of an energy technology company in Shaoxing sighed, "It only took 3 days for Bank of Wenzhou to issue an unsecured credit loan of 3 million yuan for us, which is very efficient." "As a start-up technology company committed to breaking through the core key technologies of new energy battery fuel, the shortage of funds and financing difficulties have become the bottlenecks restricting the initial development of enterprises. When enterprises are facing a shortage of funds, it is the Shaoxing Branch of Bank of Wenzhou that breaks the inherent concept of traditional banks relying on collateral, takes the talent value, scientific research ability, patent rights and other intangible assets of science and technology enterprises as an important basis for evaluating their credit, and quickly issues credit loans "talent loans" for enterprises after conducting on-site inspections and investigations on enterprise equipment, R&D personnel and patents.
Source: Science and Technology Financial Times (reporter Xu Huimin, correspondent Huang Yandan, Rong Li Jia, Lin Ting, Hu Xue)