Science and technology are the primary productive forces. In recent years, major banking institutions have paid more attention to investment and support in the field of science and technology while innovating finance and broadening the service radius. While adding science and technology franchises, we will increase credit support, innovate financial products, and serve science and technology enterprises accurately.
Zhejiang Banking Insurance Regulatory Bureau promotes the banking and insurance institutions to incorporate financial services of small and medium-sized scientific and technological enterprises into their long-term development strategies, formulate development plans for financial services, and increase support for financial services of small and medium-sized scientific and technological enterprises. Wenzhou Banking and Insurance Supervision Branch Bureau guides the banking and insurance institutions within its jurisdiction to effectively grasp the operating conditions and financing needs of small and medium-sized scientific and technological enterprises, improve the professional management mechanism, and formulate financial service plans with “one enterprise, one policy”. In view of the fact that small and medium-sized scientific and technological enterprises are light of assets and lack of guarantees, we will promote institutions to take intellectual property rights as an important consideration for credit granting, increase credit loans, and increase the innovation of traditional mortgage guarantees.
Under the guidance of Wenzhou Banking Supervision Branch, Wenzhou Bank, Wenzhou Branch of Minsheng Bank, Wenzhou Branch of Shanghai Pudong Development Bank and other financial institutions in Wenzhou have continuously deepened cooperation, strengthened financial policy support for science and technology innovation, increased credit input for science and technology innovation industries, vigorously promoted the integration of technology and finance, and used financial power as a technology enterprise to continuously enhance the “hematopoietic” strength, moisten the fertile ground for high-quality development in Wenzhou, and stimulate the new impetus of Wenzhou’s private economy.
Minsheng bank Wenzhou branch
Characteristic service supports the growth of scientific and technological enterprises
On October 19th, as the only co-organizer, Wenzhou Branch of Minsheng Bank deeply participated in the “2020 Wenzhou Global Elite Innovation and Entrepreneurship Competition and China Eye Valley Second Global Challenge for Innovation and Entrepreneurship” hosted by Wenzhou Municipal People’s Government, providing on-site financial consultation and post-integrated financial services for technology-based enterprises in the park.
Prior to this, on September 14th, Wenzhou Branch of Minsheng Bank signed a tripartite strategic cooperation agreement with Longwan District People’s Government and China Eye Valley to provide all-round, comprehensive and package financial services for China Eye Valley and technology-based enterprises in the park. “China Eye Valley” is the only science and technology park in the whole industry chain in the global eye health field, and the main construction parties, Wenzhou Medical University and Ophthalmology Hospital, have been praised as “China Wenzhou Model” for their outstanding teaching and research achievements in ophthalmology.
In recent years, Wenzhou Branch of Minsheng Bank has anchored the development direction of “serving private enterprises”, focused on local characteristic customers in Wenzhou, and launched the “People’s Livelihood Project for Small and Medium-sized Enterprises” to provide comprehensive and specialized financial solutions for ecological private enterprises, small and medium-sized private enterprises and small and micro customers, and is committed to becoming a comprehensive financial service provider for private enterprises. Since the beginning of this year, Wenzhou Branch of Minsheng Bank has actively innovated the new service mode, vigorously promoted the financing business of intellectual property pledge, deeply integrated financial services with the “internet plus”, realized an accurate portrait of science and technology-based small and medium-sized enterprises, effectively revitalized intangible assets such as trademark rights and patent rights based on the innovative knowledge value credit evaluation system, and exerted the application ability of intellectual property rights in financing activities to help enterprises further broaden the financing guarantee channels, in order to solve the “financing difficulties and expensive financing” of technology-growing enterprises. At present, Wenzhou Branch of Minsheng Bank has served more than 40 high-tech enterprises in Longwan District, with loan support of about 900 million yuan.
In addition, Minsheng Bank launched the “Firefly Plan” for high-growth, science and technology-based SMEs, which is a characteristic service model of the “People’s Livelihood Project for SMEs”. It supports science and technology-based enterprises to expand their capital, develop and grow, carry out strategic cooperation with high-quality SMEs, and establish a new bank-enterprise relationship, that is, the comprehensive service plan of stock options for SMEs. There are a total of 1,002 enterprises contracted by Firefly Project in China, and Wenzhou Branch has accumulated 136 enterprises, including 19 contracted service customers in Longwan District, and this data is still increasing.
Bank of Wenzhou
Investment and loan linkage personal service technology enterprises
“Without the support of the bank, we can’t go today.” Mr. Xie, the person in charge of a technology company, said. As the start-up enterprise has just started its business, it has not yet achieved profit and lacks collateral. How to break through the first level of the first loan has become an insurmountable threshold on the road of enterprise development.
At the beginning of 2019, Wenzhou Bank Science and Technology Sub-branch began to explore the financing mode of science and technology innovation, tried to adopt a more convenient service scheme, cooperated with local investment partnerships in Wenzhou, and provided financial support for enterprises in scientific and technological innovation and strategic emerging industries with great development potential, strong R&D strength and leading technology based on the future cash flow of enterprises and the investment amount of investment partnerships. This model has been recognized by start-up technology enterprises after its launch. It has created a safe capital chain for enterprises while responding to their capital needs in time, and enterprises can steadily advance according to the established business development plan.
After the successful test of water, the bank has successively adapted the investment and loan linkage scheme to three start-up enterprises, including Xuhui Zhuoyue Health Information Technology Co., Ltd., and provided liquidity of 13 million yuan for the above-mentioned enterprises. In addition, on the basis of the original financing mode of intellectual property pledge, the bank has innovated mixed portfolio financing schemes such as “intellectual property+guarantee” and “intellectual property+credit”, so that intellectual property pledge loans will benefit more small and micro private enterprises. Since this year, it has issued patent pledge loans of 125 million yuan. According to statistics, the loan balance of Wenzhou Bank’s companies in Wenzhou City was 34.502 billion yuan, including 4.035 billion yuan in Longwan District, accounting for 12% of the bank’s corporate loans.
In addition to product and service innovation, the virtual fund pool project that the Bank cooperated with the Science and Technology City Management Committee was also put on the agenda. The two sides explored the use of funds in the pool to provide risk compensation for the financing of enterprises in the Science and Technology City, and guided the funds to connect with technology enterprises with high quality and high efficiency.
Shanghai Pudong Development Bank Wenzhou Branch
Customized service to solve the financing problem of enterprises
A metal manufacturing company in Wenzhou was registered and established in 1997, located in Longwan District, Wenzhou City, and was recognized as a small and medium-sized science and technology enterprise in Zhejiang Province in 2019. It is understood that the company is mainly engaged in research and development, manufacturing and sales of various advanced and automated metal fittings products, and has more than 40 patents for utility models and designs. In 2019, its main business income exceeded 100 million yuan.
The enterprise has always had settlement business with Wenzhou Branch of Shanghai Pudong Development Bank, and the account manager knows the order and capital demand of the enterprise through regular visits. Knowing that due to the epidemic situation at the beginning of the year, the enterprise has short-term financing needs in production and operation, and considering that the enterprise can’t provide effective guarantee, after communication, Wenzhou Branch of Shanghai Pudong Development Bank introduced it into Wenzhou Small and Micro Enterprise Credit Guarantee Fund Operation Center, and customized the bank-to-bear cooperation business model. Finally, the enterprise was granted a credit line of 5 million yuan, which solved the capital demand in the operation process. It is reported that the bank-to-bear cooperative business is that Shanghai Pudong Development Bank adopts a certain proportion of risk-taking mode through cooperation with policy guarantee companies to give financing needs to small and micro enterprises and solve the problem of weak guarantee ability of small and micro enterprises.
According to statistics, as of September this year, the total corporate loans of Wenzhou Branch of Shanghai Pudong Development Bank amounted to nearly 7.5 billion yuan, including 1.181 billion yuan in Longwan District, accounting for 16% of the total corporate loans of the bank.
(Source: Zhejiang Daily)