April is a good time for spring rains to nourish all things.
In the Western (Chongqing) Science City, a "timely rain" that took only 7 days from application to loan made Chongqing U-Tee Mould Co., Ltd. (hereinafter referred to as U-Tee Mould) put on the agenda of enterprise development again due to financial problems.
Recently, the reporter learned from the Innovation Service Center of Chongqing High-tech Zone that the city's first financial product "Science and Technology Enterprise Gradient Loan" was successfully disbursed, with a total loan amount of 19 million yuan. Six science and technology enterprises from the fields of new materials, new energy, biomedicine, and high-tech services in Science City became the first batch of enterprises to receive loans. Upowertek Mould is one of them.
It is worth mentioning that it is another practical measure to help enterprises in the scientific city. At the beginning of its planning, the "Science and Technology Enterprise Gradient Loan" was to provide diversified, relay, full-coverage and sustainable "financial living water" for high-quality enterprises at different levels, such as technology-based enterprises, high-tech enterprises, high-growth technology enterprises, and high-level leading enterprises. The first batch of loans also effectively verified the scientific design of this innovative financial product.
Arrive in a week!
What is the financial "timely rain" and "loan"?
Tens of thousands of high-tech enterprises are the main force in promoting high-quality economic development, but most of these enterprises are asset-light and small-scale, and often encounter financing difficulties in the process of rapid development.
In response to this situation, Chongqing High-tech Zone of Western Science City continues to guide and support financial institutions to provide diversified financial services covering the whole life cycle of enterprises according to the needs of technology-based enterprises at different stages of development.
▲Utech Mould. Photo courtesy of the interviewee
Utech Mould is a state-level specialized and special new enterprise and a high-tech enterprise in Science City. As a scientific and technological enterprise specializing in the R&D and manufacturing of die steel, more than 30 patents are the strength of the company to obtain a steady stream of orders. In the course of 10 years of development, Upowermold, like most innovative enterprises, has encountered the problem of expensive and difficult financing.
After the 5 million yuan "Science and Enterprise Gradient Loan" was successfully transferred to the account of Utech Mold, the on-time delivery of a large order was guaranteed. "Special thanks, this loan has really helped our business. Lei Jiale, founder and general manager of Utech Mold, told reporters. What makes him happy is not only this order, but this unsecured loan not only solves the company's "near-term worries", but also lays the foundation for the next step of innovation and development.
▲Utech Mould. Photo courtesy of the interviewee
It turned out that since the end of last year, Upowertek Mould began to focus on new energy vehicles, focusing on the manufacture of integrated chassis molds. With its unique vision and strength, Upowertek's integrated chassis mold has been selected by Xiaomi, Tesla and other car companies, and up to now, it has more than 50 million sales. "We have a patented localized material that we want to replace imported steel, and we won the Chongqing Innovation Award last year. Previously, this achievement was shelved in the transformation process due to tight cash, but now we have restarted the trial and hope to end our dependence on imports of key components as soon as possible. ”
Linkage innovation!
Where is the "new" of the "Zhengyin Dan" teaming up this time?
The first batch of loans of "Science and Technology Enterprise Gradient Loan" is an innovation of Science City in being a good "shopkeeper". There is not only the innovation of systems and models, but also the transformation of service concepts.
What's new?
As one of the first representatives of enterprises to feel the financial assistance of the government, Lei Jiale said frankly, "This loan has three characteristics, namely large amount, fast speed and low interest rate, which not only allows us to see the speed of Science City, but also makes us feel the temperature of Science City."
Similar to the feeling of U-Tech Mold, Chongqing Liyun Nozzle Co., Ltd. (hereinafter referred to as Liyun Nozzle) is also available. It is also a national high-tech enterprise and a provincial-level specialized and special new enterprise, and Liyun Nozzle has been deeply cultivated in the subdivision of the core subsystem of pharmaceutical equipment for nearly 20 years, and has always put innovation in the first place.
▲ Liyun nozzle. Data map
R&D doesn't happen overnight. At the beginning of this year, Liyun Nozzle encountered a dilemma, whether to focus on production or R&D? In the final analysis, it was because of a lack of liquidity.
"When we were worried, we received an invitation from the relevant departments of Science City and the high-tech branch of Bank of China to jointly hold a salon. On the spot, the three parties of the 'government and bank' calculated a credit line of 5 million yuan for us, and the efficiency of every link of the whole process was very high. The 5 million yuan 'enterprise gradient loan' is very heartwarming, and it will arrive in 7 days before and after. It not only helped us get through the difficulties, but also gave us wings to take off. Ren Jianbing, founder and general manager of Liyun Nozzle, said with emotion.
▲ Liyun nozzle. Photo courtesy of the interviewee
It is not difficult to see that Science City is taking practical actions to implement the spirit of the instructions put forward by the Central Economic Work Conference and the Central Financial Work Conference to "increase support for scientific and technological innovation and inclusive small and micro enterprises".
New Modes:
Two "reductions" and one "mention" to reduce the burden on enterprises
Shi Weina, head of the Innovation Service Center of Chongqing High-tech Zone, introduced that the "Gradient Loan for Science and Technology Enterprises" through the establishment of a credit risk sharing mechanism with the participation of the three parties of "government and bank", reasonably shares the risk in a ratio of 2:2:6, and adopts a pure credit and unsecured loan model to maximize the value of enterprise intellectual property rights and the due role of credit information. At the same time, it also improves the timeliness and accessibility of financial services.
For example, thanks to the comprehensive optimization and shortening of the loan approval process, the implementation of "immediate review and immediate issuance after review" has been implemented to achieve "instant loan upon guarantee". From the application to the bank loan, the enterprise can complete the process within 1 week at the earliest. In addition to the improvement of the system, such results are inseparable from the positive efforts made by banks.
It is reported that since the implementation of this financial product, Science City has signed cooperation agreements with 7 banks, including Bank of China and Agricultural Bank of China. The cooperative banks provide preferential loan interest rates to the loaned enterprises, which in principle do not exceed the market prime interest rate of the same period, which greatly reduces the financing costs of enterprises.
"Taking the 5 million loan from Upowertek Mould as an example, we can save more than 50,000 yuan of interest for the enterprise a year. Ren Jianan, President of Bank of China Chongqing High-tech Branch, continued, "In addition, under the premise of the tripartite business cooperation agreement, our bank has broken through the composition of creditor's rights. The scope of the guarantee of creditor's rights only includes the principal of the loan, so that the enterprise does not have the pressure of interest and liquidated damages, and truly reduces the burden on the enterprise. ”
As a government financing guarantee agency, Chongqing Science City Financing Guarantee Co., Ltd. (hereinafter referred to as Science City Guarantee Company) makes full use of the multi-risk model of the government guarantee system to implement a preferential rate of 0.8% annualized on the customer guarantee rate.
▲Chongqing Science City Financing Guarantee Co., Ltd. Photo courtesy of the interviewee
Gao Pengxiang, executive director of Science City Guarantee Company, said that the guarantee rate will be further reduced. This confidence is also due to the innovative risk sharing mechanism, which is set up by the National Financing Guarantee Fund, Chongqing Municipal Financial Risk Compensation Fund Pool, Chongqing High-tech Zone, Bank, and Science City Guarantee Company to build five 20% risk sharing mechanisms.
"Reducing the cost of corporate loans", "reducing the guarantee rate" and "increasing the amount of corporate loans", these two "reductions" and one "mention" are undoubtedly from the maximum extent to revitalize idle financial funds, give full play to the role of financial leverage, and establish a risk sharing mechanism, especially reflecting that this product is in accordance with the level of enterprise development, and provides accurate and efficient financial services for market entities in different grades.
New Concept:
Sharing Resources, Efficient Cooperation, and Breaking Information "Silos"
In the actual promotion, another important aspect is that the innovation of the concept - "government and bank" is no longer a competitive relationship between the three parties, but tightly hugging and sharing information, and at the same time making efforts to serve enterprises.
How to break the "information island" of enterprise financing is the most important issue facing us.
After many investigations and discussions, the Innovation Service Center of Chongqing High-tech Zone, together with cooperative banks and guarantee institutions, has carried out special docking activities for financial service salons for many times, realizing face-to-face direct communication with enterprises. Get all the valid information flowing quickly between all parties. During the event, banks and guarantee institutions will conduct on-site data review, credit decision-making and project financing plans based on the specific situation of the enterprise, and issue pre-credit lines on the spot. It not only solves the problem of long financing time for enterprises, but also realizes the accurate docking of loans.
This model effectively breaks the "information island" of corporate financing, and makes the financial living water better "move" through the "gradient loan for science and technology enterprises", jointly provides a full range of financial services for enterprises, and injects new vitality into the real economy.
Next, Science City will closely follow the pulse of the times, continue to carry out beneficial explorations and attempts, iteratively promote financial service innovation, provide enterprises with the whole chain and all-round support and guarantee, let the preferential policies for enterprises fall from the "paper" to the "account" of enterprises, make new moves, use practical moves, and think of high tricks for enterprises, guide the precise watering of "financial living water", and continue to add salary and energy to the high-quality development of the real economy.
Editor-in-chief: Deng Xiaowei丨Deputy editor-in-chief: Li Haoyang
Editor-in-Chief: Li Tongtong丨Editor-in-charge: Wang Qian
Reporter: Wang Kelan | Editor: Fan Xingxin|Proofreader: Zhou Yi
Produced by Chongqing High-tech Zone Financial Media Center
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