CFIC Introduction
In recent years, Bank of Jiangsu Shanghai Branch has accurately empowered technology enterprises, launched business categories such as intellectual property pledge loans and talent science and technology innovation loans, watered the "buds of science and technology" with "financial living water", and gave birth to "towering trees" of science and technology enterprises.
As the first of the "five major articles", the development of science and technology finance is the top priority of the work of Bank of Jiangsu Shanghai Branch. In recent years, Bank of Jiangsu Shanghai Branch has accurately empowered technology enterprises, launched business categories such as intellectual property pledge loans and talent science and technology innovation loans, watered the "buds of science and technology" with "financial living water", and gave birth to "towering trees" of science and technology enterprises.
Shanghai Hualong Testing Instrument Co., Ltd. (hereinafter referred to as "Hualong Testing") is an automated and intelligent testing machine research and development base, mainly developing and producing various types of testing instruments such as robot automatic testing machines, dynamic testing machines, mechanical performance testing machines, etc., with more than 60 independent intellectual property rights. However, it was not previously occurred to companies that intangible assets such as intellectual property could be turned into tangible financial assets.
"Before the Chinese New Year, the company received a large order from a customer in Gansu and urgently needed a sum of money to pay to the upstream supplier in order to produce as soon as possible. We have contacted several banks, but due to the fact that the fixed assets of the enterprise have been mortgaged, the bank does not have a good financing plan. Bank of Jiangsu was the last bank we came in contact with, and through intellectual property pledge financing, the loan was released two days before the Chinese New Year, and the whole process took less than two weeks. Recalling the race against time before the Spring Festival this year, Fang Liping, director of the Finance Department of Shanghai Hualong Testing Instrument Co., Ltd., still remembers it vividly.
The timely arrival of funds ensured the early production and on-time delivery of Hualong testing instruments, and the project with an amount of about 12 million yuan was finally successfully completed.
Scene in the factory of Shanghai Hualong Testing Instrument Co., Ltd. Photo by Xinhua News Agency reporter Sang Tong
Bank of Jiangsu Shanghai Huinan Branch's intellectual property pledge loan products have formed a great influence in the local and surrounding areas. Since the beginning of this year, the sub-branch has issued intellectual property pledge loans to more than 10 enterprises, with a loan amount of more than 50 million yuan.
Qian Ying, head of the Shanghai Huinan branch of the Bank of Jiangsu, said that technology-based enterprises have the characteristics of high risk, high growth and light assets, especially technology-based start-ups, which are often low profits and weak guarantees. "We investigate enterprises, focus on discussions, focus on intellectual property pledge for this type of customer group, consider the gold content of the core technology of the enterprise and the transformation of achievements, and cooperate with professional intellectual property appraisal companies to objectively and fairly reflect the value of the enterprise's intellectual property rights, and give the corresponding amount of intellectual property pledge loans."
Looking back on recent years, Bank of Jiangsu Shanghai Minhang Sub-branch is one of the earliest practitioners to carry out intellectual property pledge financing business.
In the Oumateng Digital Cultural and Creative Industrial Park in Yuanqiao Town, Minhang District, Oumateng Convention and Exhibition Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Oumateng") and its upstream and downstream enterprises in the supply chain officially settled in January this year.
As a unicorn enterprise in the cultural and technological industry, Omateng has nearly 200 independent intellectual property rights. Not only is it a large number of intellectual property rights, but it also has a leading position in the industry, for example, it is the first batch of intellectual property rights winners for online exhibitions and the first batch of intellectual property rights winners for the exhibition metaverse.
Affected by the epidemic in 2022, Omateng's domestic business is close to stagnation, but its international business is still developing. "In March 2022, with the efforts of the Shanghai Minhang Branch of the Bank of Jiangsu, we were given a loan of 5 million yuan in an emergency." Xiang Longlong, the financial director of Omateng, recalled that this loan was a real "charcoal in the snow", which was used to pay some project suppliers and our employees' salaries, ensuring the normal operation of the enterprise. ”
Under the pledge of the company's intellectual property rights and the personal guarantee of Wang Xiang, chairman of the board of directors of Omateng, and the CEO, the Shanghai Minhang Sub-branch of Bank of Jiangsu has issued credit loans for three consecutive years, from the initial 5 million yuan to 10 million yuan of comprehensive credit, and is expected to continue to increase the credit line in 2025.
It is reported that the "modular" design has begun to be piloted at international exhibitions, and after the "modular" booth is really landed, Omateng will also open its own factories in United States and Poland. "The structure of most of the booths is special-shaped, and we will modularize them as much as possible in the design process, and the booths will be spliced together like building blocks to achieve a 'green booth', make the exhibition industry more environmentally friendly, and contribute to the development of the industry." Xiang Longlong depicts the future exhibition conceived by Oumateng.
Innovation is the blood gene of Bank of Jiangsu. In May this year, four departments including the Shanghai Municipal Intellectual Property Office recognized the first batch of "Featured Outlets for Intellectual Property Pledge Loans of Banking Institutions in Shanghai", and Bank of Jiangsu Shanghai Branch had four outlets among them.
In the view of Zhou Yunhai, president of Shanghai Minhang Branch of Bank of Jiangsu, "companionship" is a new relationship model between banks and enterprises. "To do technology is to do the future, and now banks are more concerned about the future development prospects of enterprises, which has changed a lot compared with the traditional concept of banking. For enterprises with a relatively long project R&D cycle or payment collection cycle, we will also promote the development of 2-3 year liquidity loans according to the actual operation of the enterprise to match the actual payment cycle of the enterprise project. ”
In the future, Bank of Jiangsu Shanghai Branch will continue to improve the matrix of science and technology financial products, improve the level of financial service science and technology innovation, and accompany science and technology enterprises to grow together from "sending charcoal in the snow" to "icing on the cake", and help Shanghai build a science and technology innovation center with global influence.
Source: Xinhua News Agency
Author: Sang Tong
WeChat editor: Wang Qian
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