Shandong: Technological transformation of enterprises can be supported by provincial financial funds for equity investment.
In order to give full play to the rapid role of industrial technological transformation in expanding domestic demand, promoting investment, and stabilizing growth, Shandong has made it clear that by the end of this year, 10000 technological transformation projects of more than 5 million yuan will be implemented, and the investment in technological transformation will be 500 billion yuan, with an increase of 6%. The Provincial Department of Industry and Information Technology and the Provincial Department of Finance jointly issued a notice a few days ago, clearly providing financial support for high-level technological transformation, giving full play to the guiding and magnifying role of equity investment of financial funds, and guiding enterprises to speed up the implementation of technological transformation. This is also the first time that Shandong has issued detailed rules for equity investment of financial funds in the field of technological transformation of enterprises.
The financial equity investment funds for the technological transformation of provincial enterprises (financial equity investment funds for technological transformation) are arranged by the provincial finance to coordinate the provincial budget and other funds. Technical transformation financial equity investment projects, focusing on accelerating the conversion of new and old kinetic energy, promoting high-quality development, focusing on key areas of industrial transformation and development, supporting high-level technological transformation of enterprises and upgrading of traditional industries; focusing on supporting a new generation of information technology, high-end equipment, advanced materials, and high-end Chemical, pharmaceutical, construction machinery, light industry, shipbuilding and marine equipment, new energy, textile and clothing, agricultural machinery equipment and other industries, technological transformation projects under construction enterprises; priority is given to supporting high-quality development projects of the national industrial base and manufacturing industry, key projects of technological transformation at the provincial level and matters determined by the provincial government.
The financial equity investment funds for technological transformation are mainly invested in major technological transformation projects, high-quality development projects of national industrial foundation and manufacturing industry, major innovation and application projects of digital economy, key basic core technologies of key industrial chain, "stuck neck" and other weak link projects and enterprises that meet the equity investment conditions determined and supported by the provincial government.
The financial equity investment in the technical reform can be carried out in the form of ordinary shares and preferred shares, through participation in the private placement of listed companies, the agreement of non-listed companies and the initiation of the establishment of project companies. The term of equity investment of financial funds is generally 3-5 years. The invested enterprise needs to be registered in Shandong Province and have been operating continuously for more than 2 years, with good development prospects, legal operation and no bad credit record. The average operating income in the last two years is not less than 0.1 billion yuan, the net profit is not less than 10 million yuan, the paid-in capital of the company is not less than 20 million yuan, the projects under construction conform to the industrial policy, the approval procedures (filing, land, planning, etc.) conform to the relevant regulations, and the total investment is above 50 million yuan.
Shandong also encourages social funds to participate in the equity investment of the invested enterprises at the same time. If the social funds of the invested enterprises participate in the investment, the investment period can be extended to 5 years.
"On the basis of the implementation of the pilot reform of financial capital equity investment in the previous two years, Shandong issued the equity investment rules for the technological transformation of enterprises for the first time this year, and clarified the scope of project solicitation and the threshold for enterprise selection." According to the relevant person in charge of the Planning and Technological Transformation Department of the Provincial Department of Industry and Information Technology, from the pilot experience of the previous two years, compared with free funding and direct rewards and subsidies, equity investment has played a very good role in guiding the standardized development of enterprises and strengthening market-oriented operations. The degree of recognition and acceptance is relatively high, which will effectively promote the upgrading of industrial technological transformation.
In addition to financial equity investment in technological transformation, Shandong has also implemented "special loans for technological transformation" through innovation, established a "finance + finance + guarantee" financing linkage mechanism, regularly carried out bank-enterprise docking, and implemented the "zero land increase" technological transformation policy to further improve support and guarantee for industrial technological transformation. Nearly 300 technological transformation service providers have entered enterprises to accurately connect to help enterprises solve the problem of "unwilling to change, unable to change, and unable to change. Data show that as of the first quarter, the province has implemented 6078 technological transformation projects of more than 5 million yuan, an increase of 996 over the same period last year; technological transformation investment increased by 19.2 percent, 23 percentage points faster than in 2021. (Reporter Fu Yuting)
