It's about supporting scientific and technological innovation! The four departments jointly issued a notice!

Notice on the implementation of the special guarantee plan to support scientific and technological innovation

Cai Jin [2024] No. 60

To the finance departments (bureaus), science and technology departments (committees and bureaus), and the competent departments of industry and information technology of all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan, the finance bureaus, science and technology bureaus, and industry and information technology bureaus of the Xinjiang Production and Construction Corps, the supervision bureaus of the State Administration of Financial Regulation, and the State Financing Guarantee Fund Co., Ltd.:

In order to further implement the innovation-driven development strategy, better play the role of the government financing guarantee system, and leverage more financial resources to support the development of small and medium-sized enterprises in scientific and technological innovation, we have formulated a special guarantee plan to support scientific and technological innovation, which is hereby issued to you, please follow it.

Attachment: Special guarantee plan to support scientific and technological innovation

Ministry of Finance, Ministry of Science and Technology

Ministry of Industry and Information Technology

General Directorate of Financial Supervision

July 24, 2024

Annex:

Support the special guarantee program for scientific and technological innovation

Small and medium-sized enterprises in scientific and technological innovation are the main body of innovation with great vitality and potential, and they are an important force for cultivating new drivers of economic development and promoting high-quality development. In order to further implement the innovation-driven development strategy, better play the role of the government financing guarantee system, and guide more financial resources to support scientific and technological innovation, this special guarantee plan is formulated.

1. General requirements

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, the Central Economic Work Conference, and the Central Financial Work Conference, effectively play the leading role of the National Financing Guarantee Fund (hereinafter referred to as the financing fund) system, and guide banks to increase financing support for small and medium-sized enterprises in scientific and technological innovation by improving risk sharing and compensation for small and medium-sized enterprises in scientific and technological innovation, and enhancing the guarantee willingness and guarantee ability of local government financing guarantee institutions and re-guarantee institutions. Leverage more financial resources to invest in the field of scientific and technological innovation, and provide strong support for achieving high-level scientific and technological self-reliance and self-reliance, accelerating the formation of new quality productivity, and promoting high-quality economic development.

——Adhere to goal-oriented. Efforts should be made to solve the problem that the project has prospects, competitive technology, development potential, and high intellectual property value, but due to the lack of effective collateral and difficult to meet the conditions of bank loans, it is difficult to finance small and medium-sized enterprises in science and technology innovation, and increase the support for loans and guarantees for small and medium-sized enterprises in science and technology innovation.

——Adhere to the guidance of the system. On the basis of focusing on supporting small and rural enterprises, the financing fund will play a leading role in the system, increase the scale and risk sharing of scientific and technological innovation re-guarantee business, and guide local government financing guarantee and re-guarantee institutions to provide guarantee support for more small and medium-sized enterprises in scientific and technological innovation.

-- Adhere to market operation. In accordance with the principles of market-oriented operation and commercial sustainability, banks and government financing guarantee and re-guarantee institutions at all levels shall independently select small and medium-sized enterprises with development potential for scientific and technological innovation, review and lend in accordance with laws and regulations, and provide financing guarantees.

-- Insist on appropriate compensation. The central government arranges funds to compensate for the new risks added by the financing fund to increase the risk sharing of small and medium-sized enterprises in the field of scientific and technological innovation. Encourage qualified localities to give certain risk compensation to government financing guarantee and re-guarantee institutions that have achieved good results in supporting small and medium-sized enterprises in scientific and technological innovation.

——Adhere to performance guidance. For the scientific and technological innovation re-guarantee business of the financing fund, the Ministry of Finance separately lists the annual business scale, compensation rate and other performance evaluation indicators. Local financial departments should improve the assessment system accordingly, appropriately increase the assessment requirements for the upper limit of the compensation rate of government financing guarantee and re-guarantee institutions to carry out scientific and technological innovation business, and highlight the service to the real economy and the orientation of scientific and technological innovation.

Second, the implementation plan

(1) Accurately focus on the objects of support. Small and medium-sized enterprises that meet the basic conditions and meet one of the following conditions can be used as policy support objects, which are selected by banks and government financing guarantee institutions in accordance with the principle of marketization:

1. According to the notice of the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation on printing and distributing the "Evaluation Measures for Small and Medium-sized Science and Technology Enterprises" (Guo Ke Fa Zheng [2017] No. 115), small and medium-sized science and technology enterprises that have been included in the "National Information Database of Small and Medium-sized Science and Technology Enterprises" and are in the duration of the period;

2. According to the notice of the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation on revising and printing the "Administrative Measures for the Identification of High-tech Enterprises" (Guo Ke Fa Huo [2016] No. 32), high-tech small and medium-sized enterprises identified by relevant provincial management departments and within the duration of the period;

3. According to the Notice of the Ministry of Industry and Information Technology on Printing and Distributing the Interim Measures for the Management of Gradient Cultivation of High-quality Small and Medium-sized Enterprises (Ministry of Industry and Information Technology Enterprise [2022] No. 63), specialized and special new "little giant" enterprises, specialized and special new small and medium-sized enterprises, and innovative small and medium-sized enterprises announced by the provincial competent department of small and medium-sized enterprises during the duration of the existence;

4. Small and medium-sized enterprises that are undertaking national science and technology projects and small and medium-sized enterprises whose project acceptance is in the transformation and application period of achievements;

5. Relying on the "innovation point system", the Ministry of Science and Technology and the Ministry of Industry and Information Technology will screen the candidate enterprises from the start-up and growth stage of science and technology-based small and medium-sized enterprises.

The basic conditions for small and medium-sized enterprises are: industrial and commercial registration in the territory of the People's Republic of China and independent legal personality; Meet the recognition standards of the Notice of the Ministry of Industry and Information Technology, the National Bureau of Statistics, the National Development and Reform Commission and the Ministry of Finance on Printing and Distributing the Provisions on the Classification Standards for Small and Medium-sized Enterprises (Ministry of Industry and Information Technology [2011] No. 300); have not been included in the list of abnormal business operations or the list of untrustworthy entities; The products (services) provided do not belong to the category of national prohibition, restriction or elimination; In the past three years, there have been no major safety (including network security, data security), quality, environmental pollution and other accidents, as well as tax evasion and other violations of laws and regulations.

The list of specific enterprises shall be determined by the Ministry of Science and Technology and the Ministry of Industry and Information Technology, and the provincial-level science and technology departments and the competent departments of industry and information technology shall provide the list to local government financing guarantee and re-guarantee institutions in a timely manner to strengthen information sharing and communication and cooperation.

(2) Increase the proportion of insurance by category. The bank and government financing guarantee systems share the risk liability at a rate of not less than 20% of the loan amount and no more than 80% of the loan amount respectively. The proportion of insurance sharing of financing funds has been increased from 20% to a maximum of 40%. The proportion of provincial re-guarantee institutions shall not be less than 20%. Qualified provincial-level re-guarantee and guarantee institutions can increase the proportion of risk sharing and reduce the risk-sharing pressure of municipal and county-level guarantee institutions.

According to the different types of enterprises, the proportion of financing funds is divided into three levels:

1. For specialized and special new "little giant" enterprises, specialized and special new small and medium-sized enterprises, and small and medium-sized enterprises undertaking national science and technology projects, the financing fund shall share up to 40% of the risk responsibility;

2. For high-tech enterprises and technology-based small and medium-sized enterprises screened out by relying on the "innovation point system", the financing fund will share up to 35% of the risk responsibility;

3. For technology-based small and medium-sized enterprises and innovative small and medium-sized enterprises, the financing fund shall share up to 30% of the risk responsibility.

(3) Reasonably determine the level of rates. If the single guarantee amount of the re-guarantee business of the financing fund is more than 5 million yuan, the re-guarantee rate shall not be higher than 0.5%; If the single guarantee amount is 5 million yuan or less, the re-guarantee rate shall not be higher than 0.3%. Encourage cooperative institutions to implement differentiated guarantee rates for business entities with different risk levels and different qualifications, and gradually reduce the average guarantee rate charged to small and medium-sized enterprises in the field of scientific and technological innovation to less than 1%. In addition to loan interest and guarantee fees, cooperative institutions shall not charge unreasonable fees in the name of deposits, commitment fees, consulting fees, consulting fees, registration fees, information fees, etc., so as to gradually reduce the comprehensive financing costs of small and medium-sized enterprises in scientific and technological innovation.

(4) Appropriately increase the amount of guarantee. The upper limit of the balance of a single household of small and medium-sized enterprises in the field of scientific and technological innovation will be increased from 10 million yuan to no more than 30 million yuan. Government financing guarantee and re-guarantee institutions at all levels shall steadily carry out the guarantee business for medium-sized enterprises in scientific and technological innovation under the premise of meeting the requirements for the proportion of guarantee business for small and rural enterprises.

(5) Appropriately increase the upper limit of compensation. In accordance with the principle of co-ordinating support for scientific and technological innovation and risk prevention, the upper limit of compensation agreed between the financing fund and the provincial re-guarantee agency has been increased from 4% to 5%. The part of the financing fund that exceeds the upper limit will not be compensated.

(6) Innovate business linkage models. Under the premise of compliance with laws and regulations and controllable risks, qualified government financing guarantee and re-guarantee institutions are encouraged to explore the linkage model of scientific and technological innovation guarantee and equity investment institutions, and drive all kinds of financial capital and social investment to provide full-life cycle scientific and technological financial services for scientific and technological innovation enterprises.

(7) Improve the adaptability of financial services. Support banks in developing products such as intellectual property pledge financing, accounts receivable pledge financing, and financing related to the innovation point system suitable for small and medium-sized enterprises in the field of scientific and technological innovation, alleviate the problems of insufficient traditional collateral for small and medium-sized enterprises in the field of scientific and technological innovation, strive to increase the "first loan rate" of small and medium-sized enterprises in scientific and technological innovation, and gradually reduce or eliminate the requirements for counter-guarantees.

(8) Improve the risk compensation mechanism. The central government will separately calculate the new compensation fund demand for the financing fund to increase the risk sharing of small and medium-sized enterprises in the scientific and technological innovation category. The risk compensation fund shall be arranged by the central government in the state-owned capital operating budget. The scale of the annual scientific and technological innovation re-guarantee business of the financing fund shall be determined by the Ministry of Finance according to the financing needs of small and medium-sized enterprises in the field of scientific and technological innovation, the operating conditions and risk control of the financing fund.

3. Organization and implementation

(1) Strengthen publicity and guidance. Local financial departments shall, in conjunction with relevant departments, actively organize and carry out cooperation between "government and banks", increase policy publicity and public opinion guidance, guide local government financing guarantee and re-guarantee institutions to implement special plans for scientific and technological innovation guarantees, and promote banks and government financing guarantees and re-guarantee institutions to actively connect with small and medium-sized enterprises with financing needs, and effectively alleviate the problem of difficult financing and expensive financing for small and medium-sized enterprises in scientific and technological innovation.

(2) Increase policy support. For government financing guarantee and re-guarantee institutions that have achieved remarkable results in supporting small and medium-sized enterprises in scientific and technological innovation and have greater pressure on risk compensation, local financial departments can increase support for government financing guarantee and re-guarantee institutions in combination with local conditions, and give appropriate risk compensation, reward and subsidy funds, guarantee fee subsidies and other support, so as to promote the sustainable operation of government financing guarantee and re-guarantee institutions.

(3) Strengthen performance appraisal. It is necessary to incorporate the implementation of the special guarantee plan for scientific and technological innovation into the performance evaluation index system of government financing guarantee and re-guarantee institutions, conduct inspection and evaluation in a timely manner, and use the assessment results as the basis for the implementation of relevant incentives and support measures.

(4) Deepen system cooperation. The financing fund should refine the operation arrangements with cooperative institutions to support scientific and technological innovation business, optimize the scientific and technological innovation module of the national government financing guarantee digital platform, actively connect with banks and government financing guarantee and re-guarantee institutions, timely track the business development of local government financing guarantee and re-guarantee institutions at all levels, and promote the special guarantee plan for scientific and technological innovation to achieve practical results.

(5) Build a strong line of defense for risk control. Banks and government financing guarantee and re-guarantee institutions should make independent decisions and bear their own risks in accordance with the principles of marketization and specialization, strengthen the monitoring of the use of funds, strictly review before lending, strengthen in-loan services, strengthen post-loan management, and prevent the risk of arbitrage and misappropriation of funds.

Fourth, supervision and management

(1) The Ministry of Finance strengthens the supervision and management of the risk compensation funds of the financing fund, urges the financing fund to strengthen risk control, timely fulfills the risk sharing responsibility, and ensures the safe and efficient use of funds.

(B) the government financing guarantee, re-guarantee institutions and their staff in violation of the provisions of the provision of false materials, as well as fraudulent, withheld, misappropriate, fraudulent, arbitrage risk compensation funds and other violations of financial discipline, by the competent department to order corrections, recovery of all financial funds, cancel their cooperation qualifications, and pursue the corresponding responsibilities in accordance with the law; and where a crime is suspected, it shall be transferred to the relevant organs for handling in accordance with law.

(3) This special guarantee plan shall be implemented after issuance. If there is any problem during the implementation, please report it in time.

Source: Chinese government website WeChat of the Ministry of Finance

Editor-in-Chief: Chen Yuhang, Qi Yue, American Editor: Liu Kun

Supervisor: Li Jintian

Producer: Wang Yanan

Superintendent: Sood