Sihui City in China: The government, banks and enterprises join hands to promote the "Hundreds and Thousands Project", and more than 3 billion yuan of financial flow flows to the scientific and technological innovation highland

Sihui City in China: The government, banks and enterprises join hands to promote the "Hundreds and Thousands Project", and more than 3 billion yuan of financial flow flows to the scientific and technological innovation highland

四会：政银企携手推进“百千万工程” 30余亿元金融活水流向科创高地

Released by Sihui City 2024-05-10 19:25 Guangdong, China

On the morning of May 10, 2024, the 2024 Sihui City Science and Technology Finance Empowerment "Hundreds and Thousands Project" promotion event was held at the Sihui City Culture and Art Center. 

The event was guided by the Zhaoqing Branch of the People's Bank of China and the Zhaoqing Science and Technology Bureau, and hosted by the Sihui Municipal People's Government. A total of 219 high-tech enterprises participated in the event. Relevant government departments, financial institutions, and enterprises will work together to help technology-based small and medium-sized enterprises solve problems and alleviate financing problems, further promote the virtuous cycle of "technology-industry-finance", cultivate and develop new productive forces, and help "hundreds and millions of Project" high-quality development.

Zong Yafeng, Director of Zhaoqing Science and Technology Bureau, Zhang Yong, Vice President of Zhaoqing Branch of the People's Bank of China, Xian Shucong, leader of Zhaoqing's "Hundred Thousand Thousand Project" work guidance group in Sihui City, Secretary of the Sihui Municipal Party Committee, Mayor, and the city's "Hundred Thousands Project" Weng Zhuohui, commander-in-chief of the "Ten Million Project" headquarters, and leaders of Sihui City Deng Hongan and Chen Sijie attended the event.

The Sihui City is one of the "Top 100 Counties and Cities in the Nation for Scientific and Technological Innovation", promoting the high-quality development of "hundreds of projects" and shaping new driving forces for economic development in the county, which cannot be separated from the empowerment of science and technology and finance.

On that day, financial institutions in Sihui City solemnly extended credit to a number of financing products such as technology research and development loans, technological transformation loans, and equipment renovation loans, which are a vivid reflection of financial support for technological innovation and development.

In the credit granting process, the Zhaoqing Branch of the People's Bank of China granted credit loans of 200 million yuan and 30 million yuan to Guangdong Science and Technology Finance and Small Business Bank respectively to Sihui Rural Commercial Bank and Tailong Rural Bank, encouraging banks to innovate technological financial products and striving to promote the precise allocation of central bank policy funds. Enable high-quality development of science and technology enterprises.

Sihui Rural Commercial Bank granted RMB 5 million in technology research and development loans and RMB 10 million in technological transformation loans to Sihui Lotte Electronic Technology Co., Ltd., Sihui Lingde Ventilation Equipment Co., Ltd., and Guangdong Zhaoqing Tiansheng Taijing Environmental Protection Technology Co., Ltd. on site. , a loan of 5 million yuan for equipment renewal and renovation, and the Sihui Branch of the Agricultural Bank of China granted a credit of 150 million yuan to Guangdong Gaodeng Aluminum Co., Ltd. for intellectual property pledge financing.

Subsequently, 10 banking institutions in Sihui City granted 3.186 billion yuan of credit to 34 technology companies on-site, using "real money" to inject financial vitality into the science and technology innovation field.

It is reported that science and technology R&D loans are loan products that use the early research and development expenses of technology companies to deduct tax credits to determine the loan amount. Technology transformation loans and equipment renovation loans are loan products whose purpose is fixed in technological transformation or equipment renovation. These three types The products are science and technology innovation financing products with preferential interest rates recently developed by Sihui Rural Commercial Bank using low-cost incentive funds from Yueke Rongzhi Small Re-Lending, which will effectively help enterprises boldly carry out scientific research and development and realize the transformation and application of scientific and technological achievements.

The event also released a "white list" for intellectual property pledge financing in Sihui City to speed up and increase the efficiency of financing credit for technology companies.

So far, a total of 81 companies in Sihui City have been included in the "white list" of intellectual property pledge financing.

The release of this list aims to select the best technology companies with intellectual property advantages in the jurisdiction and push them to banks, so that more such companies can enter the bank's sight and promote positive interactions between banks and enterprises. For enterprises included in the "white list", banking financial institutions will simplify the approval process as appropriate and open up a "green channel" to help enterprises develop greenly. According to statistics, the amount of intellectual property pledge financing in Sihui City will reach 234 million yuan in 2023.

In the policy presentation session, experts from Zhaoqing Municipal Science and Technology Bureau, Beijing Stock Exchange, and CITIC Securities gave policy presentations on technology enterprise policies, enterprise cultivation and listing financing, and inter-bank debt financing tools.

It provides intellectual support for technological innovation enterprises to further expand financing channels, and also helps technological enterprises to actively seize the new round of policy trends and achieve better and faster development.

During the event, a financial institution product exhibition hall was also set up at the event site. Banks, securities, and insurance institutions in the jurisdiction set up a total of 13 promotional booths in the exhibition hall to display the bank's technology innovation financing products, intellectual property insurance, IPO listings, direct financing and other products. Information and business-friendly policies are provided for participating companies to consult and understand before and after the event.

Weng Zhuohui, Secretary of the Sihui Municipal Party Committee and Mayor, visited the product exhibition hall of financial institutions.

At the exhibition hall, each unit also arranged business backbones to provide financial services at their fingertips to technology companies, making every effort to help companies better understand policies and connect resources, further expand the depth and breadth of bank-enterprise cooperation, and expand corporate financing preferential policies. knowledge aspect.

Sihui City has always focused on strengthening technological innovation and financial service capacity building, constantly innovating exclusive products and service models for technological finance, providing more suitable diversified financial services for the full life cycle financing needs of technological enterprises, and continuously improving the financial services within its jurisdiction. The intensity and professional level of science and technology credit have achieved positive interaction and coordinated development of finance and technology.

As of the end of March 2024, the loan balance of high-tech enterprises in Sihui City was 2.526 billion yuan, a year-on-year increase of 42.87%.

Deng Hong'an, member of the Standing Committee of the Sihui Municipal Committee and Executive Deputy Mayor, said at the event that Sihui City will adhere to the attitude of open exploration, mutually be

Sihui City Investment Promotion Center

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