Advanced manufacturing enterprises in Shandong will receive "precision drip irrigation" of financial services
Shandong will organize and provide investment and financing services to 10000 enterprises annually
Advanced manufacturing enterprises will receive 'precise drip irrigation' of financial services
Eight departments including the Provincial Department of Industry and Information Technology recently jointly released the "Three Year Action Plan for Investment and Financing of Advanced Manufacturing Industry in Shandong Province", closely focusing on the goal of building a strong manufacturing province, focusing on key industries and fields, and focusing on the "Top Ten" industries, iconic industrial chains, and high growth enterprises. Shandong will select a number of investment and financing institutions inside and outside the province, and adopt bank credit, fund investment, guarantee insurance, listing cultivation, industry finance cooperation and other methods to tailor comprehensive financial service plans for advanced manufacturing enterprises in the province. Every year, it will organize investment and financing services to connect 10000 enterprises, achieving steady growth in manufacturing loans and fund investment.
Shandong will establish a database of advanced manufacturing financing projects, a resource library of high-quality investment and financing institutions, and an advanced manufacturing investment and financing platform, respectively, to create a service system for investment and financing docking and cooperation.
The advanced manufacturing financing project library focuses on the "top ten" industries, traditional advantageous industries such as non-ferrous metals and building materials, and 11 iconic industrial chain enterprises, covering areas such as digital transformation, green manufacturing, technological transformation, manufacturing industry champions, and specialized and innovative small and medium-sized enterprises. By the end of 2023, various financing project libraries will be basically completed. With the help of the "Qilu Qiwu" roadshow brand, Shandong will introduce a group of well-known funds to empower and assist the development of advanced manufacturing enterprises in our province. More than 100 new investment and financing institutions will be added each year, and the number will reach around 500 by 2025. The advanced manufacturing investment and financing platform has set up seven sections, including a high-quality investment and financing institution resource library, an advanced manufacturing financing project library, intelligent docking of industrial capital, online roadshows for enterprises, consulting and training services, real-time financial policies, and live lecture halls. It has built three major systems: credit services, fund investment, and listing cultivation. From 2023 to 2025, it will release 1000 investment and financing products and meet approximately 3000 financing needs annually. The investment and financing docking cooperation service system will coordinate and coordinate institutions such as banking and insurance, fund investment, financing guarantee, securities and investment banking, management consulting, etc., and provide customized financial docking solutions and differentiated and precise financing services.
Strengthen the guidance of government loan interest subsidies and risk compensation policies around the construction of a modern industrial system. For major technological transformation projects with an investment of over 50 million yuan, the provincial finance will provide a maximum discount support of 20 million yuan at a rate of 35% of the latest one-year loan market quoted interest rate (LPR) of the bank. Focusing on the "Top Ten" industries, we will expand medium - and long-term loans and credit loans for high-end manufacturing projects, advanced manufacturing clusters, manufacturing champions, and industrial enterprises above designated size. We will establish a separate credit limit and continuously monitor and dispatch the progress. We will expand the financing scale of intellectual property pledge, movable property pledge, accounts receivable pledge, equity pledge, etc. around high growth enterprises such as specialized, refined, and new, gazelle, unicorn, etc. We will innovate and carry out listing cultivation loans, specialized, refined, and new growth fast loans, "little giant" credit loans, etc.
In terms of fund investment, Shandong will leverage the role of provincial-level entrepreneurship investment clusters and comprehensive entrepreneurship investment service bases, organize and implement industry development docking fund investment actions, carry out angel investment, entrepreneurship investment, venture capital and equity investment, gather investment resources, adopt fund cooperation, project direct investment, group follow-up investment, investment loan linkage and other methods to empower industrial development. In terms of guarantee insurance, Shandong will further establish and improve the financing guarantee service system for small and micro enterprises, and guide government financing guarantee institutions to gradually reduce the annualized average guarantee rate to below 1%; We actively apply service mechanisms such as "insurance easy compensation" and "claims green channel" to small and micro government platforms, specialized and innovative "little giants", and manufacturing industry champions that meet the conditions. Together with export credit insurance financial institutions, we provide annual service support to over 15000 foreign trade and economic cooperation enterprises in our province.
Implement the action of cultivating enterprises for listing, organize and carry out the special activity of "Mount Taishan Mountain Climbing", regard high growth enterprises such as manufacturing single champion, specialized and innovative, gazelle and unicorn as the "golden seed" of listing cultivation, and contact the docking fund investment and securities listing guidance resources. Organize more than 1000 specialized and innovative small and medium-sized enterprises for key guidance every year, and implement standardized corporate restructuring; Every year, at least 500 enterprises that meet the requirements of the "specialized, refined, special and new" special board will be organized for centralized listing and cultivation; By 2025, there will be around 60 newly listed advanced manufacturing companies. (Reporter Fu Yuting)
Information source: Dazhong Daily
