Recently, Chinese Life held a media research and press conference activity in Shanghai on the theme of "Serving the Overall Situation of National Development and Safeguarding the People's Better Life - Technology and Finance Empowering the Development of New Quality Productive Forces", and China Guangfa Bank, a member of the Group, jointly held a media interview and research activity with the same theme in Shenzhen. More than 10 mainstream media reporters gathered in the Guangdong-Hong Kong-Macao Greater Bay Area to visit small and medium-sized enterprises in science and technology, "specialized, special and new" small giant enterprises, and conduct on-the-spot research on the measures and results of China Guangfa Bank to promote the development of new quality productivity with the power of science and technology finance. At the press briefing, the relevant persons in charge of the Corporate Finance Department of China Guangfa Bank and Shenzhen and Dongguan branches introduced the exploration and practice of China Guangfa Bank in composing a major article on science and technology finance and answered questions from reporters.
Financial revitalization continues to help innovation and development
Rooted in the Greater Bay Area for 36 years, China Guangfa Bank has always placed financial support for the economic and social development of the Greater Bay Area in a prominent position, continuously increased financial supply to key areas and weak links, and provided differentiated and comprehensive financial solutions according to the capital needs of enterprises in different life cycles. Focus on key areas such as strategic emerging, advanced manufacturing, and technological innovation in the Greater Bay Area, and empower industrial upgrading. Attaching great importance to the work of science and technology finance, actively exploring the development model of science and technology finance, and establishing a special class for science and technology finance work headed by the president, giving full play to the comprehensive financial advantages of Chinese Life Group, continuously strengthening the positive role of financial service science and technology innovation, building a multi-level, professional and characteristic science and technology financial system that meets the needs of the development of new quality productive forces, continuously improving the efficiency of financial services for science and technology enterprises, and helping innovation-driven and industrial upgrading. In recent years, the balance of loans to technology-based enterprises in the Greater Bay Area has maintained rapid growth, from RMB36.9 billion at the end of 2021 to RMB55.2 billion at the end of 2023, with a compound growth rate of 22.2%. At the end of the first quarter of this year, the balance reached RMB64.6 billion, an increase of 17.1% over the beginning of the year, accounting for more than 30% of the bank's technology loans.
The word "Branch" starts with the product and is overwhelming
China Guangfa Bank uses the product innovation mechanism to innovate and continuously improve the product and service system to meet the comprehensive financial needs of technology-based enterprises at different stages of development.
Increase scientific and technological support to improve the level of online services. According to the characteristics of science and technology enterprises in different life cycles, China Guangfa Bank has developed a series of characteristic products, aiming at the characteristics of high-tech, high-growth and asset-light science and technology enterprises in the start-up and growth periods, through the integration of big data resources inside and outside the bank, relying on the Internet loan screening model of China Guangfa Bank, it has launched a series of online technology credit loan products such as "technology E-loan" and "specialized, special and new E-loan", so as to realize the full online credit application, approval, contract signing, withdrawal and repayment of customers, and effectively meet the needs of enterprises for small and short-term working capital financing. As of the end of the first quarter of this year, the cumulative amount of "science and technology E-loan" and "specialized, special and new E-loan" reached 8.137 billion yuan.
Strengthen product stratification and improve the service capability of the whole life cycle. For science and technology enterprises in the mature and expansion stage, China Guangfa Bank fully considers the innovation and R&D capabilities of enterprises, and launches offline products such as "Science and Technology Credit", "Science and Technology Investment Joint Loan", "Manufacturing Upgrading Plant Construction Loan", "Intellectual Property Pledge Loan" and "Science and Technology Innovation Bill" to meet the large-amount, medium- and long-term comprehensive financing needs of enterprises. Give full play to the role of supply chain finance, continuously expand application scenarios around the core enterprises of the science and technology industry chain, rely on the credit extension of core enterprises to improve the financing availability of upstream and downstream science and technology enterprises, reduce the financing cost of science and technology enterprises, and promote the ecological development of the science and technology industry chain.
Launched the "Science and Technology Innovation Huirong" exclusive service plan for science and technology finance. In order to effectively pool resources and improve the quality and efficiency of technology financial services, China Guangfa Bank launched the exclusive service plan "Science and Technology Innovation Wisdom" in 2022. Relying on the comprehensive operation advantages of Chinese Life Group, it provides comprehensive service solutions for the whole life cycle of science and technology enterprises, and matches customized comprehensive service solutions such as "investment + credit + settlement" according to the differentiated financial needs of seed stage, start-up stage, growth stage and mature stage.
Continue to serve the "specialized, special and new" small and micro customer groups. The head office launched the "China Guangfa Bank's "Specialized, Specialized and New" Customer Group Small and Micro Credit Service Plan" to improve the financial service system for "specialized, special and new" small and micro enterprises, tailor-made financial service solutions, and further support the innovation and development of "specialized, special and new" small and micro enterprises. Cooperate with the government background financing guarantee company to optimize the bank-burden cooperation model, formulate the "government loan" product plan, alleviate the credit risk of our bank by introducing government risk compensation, and include technology-based small and micro enterprises such as "specialized, special and new" into the product to support the customer group, give full play to the advantages of the bank-burden risk sharing mechanism, and increase credit support.
Funds support the "apron" enterprise to take off
Asset-light, unsecured, high-investment, and long-term are the characteristics of science and technology enterprises, and they are also difficult to finance. In order to thoroughly implement the spirit of the Central Financial Work Conference, under the guidance of the Shenzhen Branch of the People's Bank of China, and combined with the characteristics of the financial service needs of high-growth science and technology enterprises, China Guangfa Bank Shenzhen Branch launched the "Tengfei Loan" innovative service model. Through flexible interest rate pricing and interest repayment methods, it provides higher credit lines and longer loan terms for science and technology enterprises, promotes "big improvement" with "small incisions", and helps growing science and technology enterprises "spread their wings and take off".
During the investigation and interview, the reporter and his party came to the exhibition hall of Shenzhen Hongxinyu Electronics Co., Ltd., and discussed and exchanged views on the financing needs of enterprises and the expectations of bank services.
The company is a national high-tech enterprise focusing on the R&D, production, testing and sales of memory chip products, and is in a period of rapid growth. However, at present, the bank credit of enterprises is mainly short-term, and the uncertainty of short-term current loans has continuously amplified the restrictive effect on the rapid development of enterprises, which is not conducive to the long-term stable operation of enterprises. In order to quickly solve the capital gap of enterprises, China Guangfa Bank Shenzhen Branch focused on the business model, financial situation, innovation ability and marketization degree of the enterprise, relied on the joint efforts of the bank's resources, gave full play to the policy advantages, and efficiently completed the whole business process of qualification access, program formulation, contract signing and approval and loan approval of the "Tengfei Loan" business in only two weeks, and added a new amount of 50 million yuan for the enterprise to support the medium and long-term loans for two years, and adopted the flexible interest calculation method of "fixed + floating" to balance the growth and income of the enterprise. This is the largest single "Tengfei Loan" business in Shenzhen in 2023, which effectively solves the financing pain points of enterprises and helps science and technology enterprises accelerate production expansion and energy increase, seize market opportunities and enhance market competitiveness.
Let the "old craftsmen" focus on product research and development
Delicate glasswork, beautiful vase ceramics, and all kinds of machine parts are all inseparable from the use of cutting technology. With the rapid development of science and technology and the advent of the 5G era, the 3C industry is booming, and the public's requirements for products are also increasing, resulting in the development of parts and components manufacturing to miniaturization and precision.
Different from traditional process technology, laser technology can be more precise and detailed, and better meet the needs of today's people. Shenzhen Ruifengheng Laser Technology Co., Ltd. R&D team is composed of overseas doctors in the field of laser and doctors and professors from famous domestic universities, and its scientific and technological research and development capabilities are in the leading position in the industry in the field of solid-state lasers, such as the launch of the S9 series is smaller in size, more expansible, and the processing accuracy can be kept within 0.02mm, which is favored by processing manufacturers.
During the research and interview, Mr. Zheng Quanchang, the founder of the company, introduced the industry and entrepreneurial process to reporters. Mr. Zheng said: "We strive for excellence in the R&D and production of each product, insist on winning by quality, and cannot blindly reduce costs simply to increase profits. I am very grateful to China Guangfa Bank for its financial support, which helped us solve our worries and focus on doing our own things. ”
In order to solve the financing problems commonly faced by small and medium-sized technology-based enterprises, the Science and Technology Innovation Bureau of Nanshan District, Shenzhen led the development of the "Nanshan Science and Technology Finance Online Platform", which makes full use of digital tools and data resources to break the "information barrier" between enterprises and financial institutions, and improve the matching efficiency of enterprises and financial institutions. It is reported that in addition to the online platform, Nanshan Technology's financial service system also includes a series of support policies, Xili Lake series of funds and "Science and Technology Friday" brand activities, providing enterprises with all-round, full-life cycle and customized technology financial services. China Guangfa Bank Shenzhen Branch insisted on deepening the cooperation between banks, governments and enterprises, and launched the technology credit product "Technology E Loan" on the platform for the first time, providing financial support for platform enterprises faster and more accurately, and helping the rapid development of high-tech industries in Nanshan District.
Hold up the little giant and the big future
In recent years, Dongguan has adhered to the manufacturing industry and highlighted the manufacturing industry, and has formed a number of advantageous industries dominated by the manufacturing industry by "promoting the high-quality development of the manufacturing industry and the private economy". Based on the city's development orientation and economic structure characteristics, China Guangfa Bank Dongguan Branch focuses on key industrial clusters and advanced manufacturing industries in Dongguan, and continuously improves its ability to financially support scientific and technological innovation.
Guangdong Dingtai High-tech Technology Co., Ltd. is a state-level high-tech enterprise, a member of Dongguan High-tech Industry Association, one of the top 500 manufacturing enterprises in Guangdong Province, and a state-level "specialized, special and new" small giant enterprise. In 2021, after learning about the difficulties faced by the development of enterprises, the Dongguan Branch of China Guangfa Bank actively used the bank's policy product to support the construction of the Bay Area, "Guangfa Bank's Manufacturing Upgrading Plant Construction Loan Product Plan" to negotiate financing plans with enterprises. Through efficient, high-quality and considerate financial services, it has won the trust of enterprises. The Dongguan branch of China Guangfa Bank has established a credit cooperative relationship for the first time as the bank that issued the project loan credit approval for Guangdong Dingtai Robot Technology Co., Ltd. At present, the branch has granted Guangdong Dingtai High-tech Technology Co., Ltd. and its affiliated enterprise groups a unified credit exposure line of RMB 310 million. The credit entities include Guangdong Dingtai High-tech Technology Co., Ltd., Guangdong Dingtai Robot Technology Co., Ltd., and Dongguan Chaozhi New Materials Co., Ltd.
This is a two-way rush between technology and finance. There are many companies like Hongxinyu, Ruifengheng and Dingtai Hi-Tech, and the story between them and Guangfa Bank continues to be staged, and the significance of technological innovation in financial services is clearly visible.
Doing a good job in science and technology finance and developing new quality productivity is not only an important driving force for promoting the high-quality economic and social development of the mainland, but also an important support for enhancing the mainland's international competitiveness. China Guangfa Bank will resolutely implement the decisions and arrangements of the CPC Central Committee, strive to promote high-level scientific and technological self-reliance and self-reliance, do a good job in "science and technology finance", accurately meet the diversified service needs of scientific and technological innovation, comprehensively improve the innovation, flexibility and adaptability of financial services, and contribute financial strength to the high-quality development of scientific and technological innovation.