CCB Shanghai Branch uses technology and finance to boost Shanghai’s core functions
In ten years, what will happen in Shanghai, a land where rivers and seas meet and where everything converges?
In Shanghai over the past ten years, a number of pioneering achievements, national treasures, and major strategic products have emerged one after another, and the comprehensive strength of science and technology and the overall effectiveness of innovation have jumped significantly; in Shanghai over the past ten years, the added value of the financial industry has increased from more than 300 billion yuan in 2014 to 864.6 billion yuan in 2023, and more than 1,700 licensed financial institutions have developed here.
Finance is Shanghai’s city gene and business card, while innovation is its background and the glorious soul of the city. As the core functions of Shanghai, finance and science and technology are "running in both directions" to better achieve each other.
China Construction Bank Shanghai Branch, which has never stopped serving Shanghai's economic construction, always keeps abreast of the city's pulse, constantly launches innovative solutions, and insists on serving the real economy. This year marks the 10th anniversary of the construction of Shanghai International Science and Technology Innovation Center. CCB Shanghai Branch is working hard to write a major article on science and technology finance to help improve the functions of Shanghai's global science and technology innovation center.
How can a company obtain a pure credit line of 3.3 million yuan from a bank if its operating income is less than 2 million yuan? How can a company obtain a pure credit line of 2.2 million yuan without generating sales revenue? This requires not only the transformation from a paper certificate to a bank credit line, but also a complete set of credit models for start-up technology enterprises.
Two years ago, Zhang Qianwu, a teacher at Shanghai University, took the research results of his laboratory to start his own business in Huanshang University Science and Technology Park, establishing Shanghai Tianyu Optical Communication Technology Co., Ltd. to develop a laser communication machine for inter-satellite communication. , "Let light connect the entire universe" is the mission and goal of Tianyu Optical Network.
As a start-up technology company, Tianyu Optical Network has technology and patents, but lacks funds. In the field of aerospace applications, the market prospect is broad, but it is also inseparable from continuous product innovation and iterative upgrades. Before fully realizing market application, companies need a steady stream of financial support.
Similar to Tianyu Optical Link, Shanghai Libai Biotechnology Co., Ltd. also has a professional management and R&D team. In 2023, the company will settle in Gucun, Baoshan. Facing cutting-edge technology and adhering to independent innovation, Libai Biotech has achieved breakthroughs in auxiliary diagnosis and efficacy evaluation in many fields. As an R&D-oriented high-tech biopharmaceutical company, the development of Libai Biotechnology also requires continuous R&D investment.
The difficulty in obtaining loans for technology-based small and medium-sized enterprises is a common problem faced by a large number of technology-based small and medium-sized enterprises, including these two companies. CCB Shanghai Branch also noticed this common problem. Because the loan problem is not a special case, it is actually a "worldwide problem". The core contradiction behind it is the contradiction between the financial system's heavy mortgage and the light assets of small and medium-sized enterprises. How to solve this "worldwide problem" is the focus of banks' attention.
The key to the conflict lies in "assets", and the key to solving the problem is also "assets". For an enterprise like Tianyu Optical Network, the more important asset is intangible technology. Can we "look at patents instead of bricks" and "look at ecology without looking at reports"? Relying on technological financial means, it only looks at "technical flow" and not "capital flow". Relying on the "Shanke Loan" innovatively launched by China Construction Bank, Tianyu Optical Network received a credit of 3.5 million yuan from CCB Shanghai Branch, and the entire process was streamlined. Completed online, approval and loan disbursement are almost within seconds. Also benefiting from this method, Libai Biotechnology obtained a one-year pure credit line of 2.2 million yuan without generating sales revenue, which broadened the company's financing channels.
Not only start-up enterprises have capital needs, but relatively mature medium and large enterprises also need external financial support. As a representative enterprise of Shanghai's three leading industries, Shanghai MicroPort Medical Devices Co., Ltd. has business in multiple fields, owns more than 6,800 technology patents, and its products have entered more than 20,000 hospitals around the world, covering Asia Pacific, North America, South America and Europe. More than 80 countries or regions.
As a "National Technology Innovation Demonstration Enterprise" and "Individual Champion Enterprise", Shanghai MicroPort received a "T1" science and technology innovation evaluation, the highest level, according to the China Construction Bank's technology enterprise innovation capability evaluation system. The enterprise has excellent scientific and technological innovation capabilities, good operating conditions and cash flow, and its total demand for operating working capital credit is not high. However, as the core business segment of the parent group, Shanghai MicroPort also assumes the role of early business R&D investment in the emerging industry segments of the parent group.
In addition to evaluating technology companies, CCB Shanghai Branch also pays attention to the life cycle of technology and whether the technology is hard-core and disruptive. In order to support the innovative development of enterprises, China Construction Bank Pudong Branch, as the host bank of Shanghai MicroPort, decided to provide Shanghai MicroPort 650 million yuan in operating cash flow credit based on comprehensive analysis and judgment of the company's capital flow information. At the beginning of this year, through analysis of the payment information of the company’s upstream suppliers, CCB Pudong Branch was promoting the signing of a 100 million yuan supply chain quota.
As of the end of 2023, the number of technology companies like Tianyu Optical Network that have benefited from the financial service innovation of CCB Shanghai Branch has reached 5,294, of which 2,014 were added in 2023 alone. Compared with the beginning of 2023, at the end of 2023, the balance of inclusive science and technology innovation loans of CCB Shanghai Branch increased by 318.87%, and the balance of loans to technology enterprises exceeded 100 billion yuan, an increase of 180%. Since the beginning of this year, CCB Shanghai Branch has maintained rapid improvement in its service coverage for technology enterprises. As of the end of March 2024, it has served 14,427 technology enterprises, an increase of 561 from the beginning of the year.
Scientific and technological innovation is a "key variable" that promotes social development. This "variable" must be turned into an "increment", and the focus is on promoting the transformation and application of scientific and technological achievements. In order to support industrial development, China Construction Bank Shanghai Branch innovated the "Technology Innovation Loan" pure credit financing product for large and medium-sized technology enterprises to realize the application of technology innovation evaluation results in corporate credit enhancement and expansion; at the same time, it created unique and high-quality regional innovation plans and launched Baoshan District “Invest first, share later” and multiple incubator-specific cluster loan programs.
In August 2023, at the Baoshan District "Inspiring the Future, Gathering Sources in Sanjiang, "Sanjiang Creation Forum"" event, CCB's "Invest first, then share" science and technology innovation enterprise cluster loan plan was released. According to the actual situation of the enterprise, the plan allocates CCB credit funds according to a certain proportion of the capital injected by "invest first and then share". At present, the "invest first, share later" enterprise has released two batches of 16 companies in total, and CCB Shanghai Branch has provided loans to 5 companies.
"Invest first, then share" is an innovative financial support model that targets early-stage projects that have left the laboratory and have not yet entered the production line. The government or state-owned enterprises, as partners, "invest" in the target enterprise in advance by supporting scientific and technological projects. Financial support funds, when the target enterprise carries out market-based equity financing, convert the invested financial support funds into corresponding "equity" rights, and then implement the support model of equity exit as the enterprise grows for a period of time.
As a new force in launching the "Science and Technology Innovation Baoshan" brand, Shanghai Baoshan University Science and Technology Park Development Co., Ltd. was established in 2021. Over the past three years, the company has actively promoted the transformation of scientific and technological achievements and the industrialization of innovative projects around its core functions of "transformation of scientific and technological achievements, incubation of scientific and technological enterprises, training of scientific and technological talents, and clustering and radiating drive". Its subsidiary Shanghai Baoshan Technology Transfer Co., Ltd. is a subsidiary of Baoshan District. A specially established operating entity to carry out the "invest first, then share" pilot work. It is the common goal of Baoshan University Science and Technology Park and China Construction Bank Shanghai Branch to work together to clear the "last mile" of the transformation of scientific and technological achievements.
Technology is the primary productive force, and innovation is the primary driving force. Technology companies have large investments, high risks, light assets, and long return cycles. This is what banks were least willing to do in the past. How to transform the potential energy of scientific and technological innovation into new momentum for high-quality development? In the view of Liu Jun, President of CCB Shanghai Branch, CCB should not only serve large enterprises, but also serve more small, medium and micro enterprises, "support the early stage, support the small and support hard technology", gather sand into a tower, and continuously deliver bits and pieces of scientific and technological innovation to the society. , finally gathered into a torch.
It is worth mentioning that many well-known and outstanding companies have cooperated with China Construction Bank in the early stages of their development. Many technology companies mention CCB and say, "You were the first pot of gold you supported us back then." At present, there are 32,000 enterprises in Shanghai with national high-tech and other scientific and technological qualifications. The Shanghai Branch of CCB serves more than 14,000 households, of which about 6,000 households have been granted loans. CCB Shanghai Branch is striving to grant credit to 10,000 households by the end of this year, which will cover one-third of the national high-tech and other technologically qualified enterprises.
To serve technological innovation with financial innovation, China Construction Bank Shanghai Branch previously innovatively launched the "Financial Plan to Support Scientific Innovation "From 0 to 10"". Based on the capital investment and risk characteristics of different life cycle stages of technology, it focuses on the "supply side and demand side" of technology. From the 4 dimensions of "capital side and service side", we have designed financing solutions including 18 products in 4 major categories for the three links of "production, transaction and use" of technology, and planned comprehensive service plans to provide better services. Scientific and technological innovation and achievement transformation.
The launch of this program means that CCB Shanghai Branch has initially developed a full-process financial solution for technological "from 0 to 1" innovation, "from 1 to 10" transformation and "from 10 to 100" industrialization, and can provide start-up technology solutions. Comprehensive financial services are provided for enterprises to pioneer and innovate, to accelerate the development of growing technology companies, to transform and upgrade mature technology companies, as well as to source scientific and technological talents and innovation strategies from scientific research institutions.
In recent years, CCB Shanghai Branch has adhered to its mission of serving the real economy and has made vigorous development of science and technology finance its primary task to improve the quality and efficiency of serving the real economy. In view of the pain points and difficulties in the innovation and development of technology-based enterprises, we will continue to promote the integration and innovation of finance and technology. In 2023, CCB Shanghai Branch will serve industrial technology with financial technology, make full use of the scientific and technological resources of CCB Head Office in Shanghai, and join hands with CCB Financial and Shanghai Big Data Center to use big data, cloud computing, artificial intelligence, blockchain and other technologies Means, optimize the scientific and technological innovation evaluation system, innovate scientific and technological talent evaluation algorithms, develop "Shanghai Netcom" account manager direct digital platform, account manager AI assistant, etc., use scientific and technological means to empower scientific and technological finance and serve the development of the scientific and technological industry.
Recently, China Construction Bank awarded the Shanghai Branch the title of "Technology and Finance Innovation Center" at the head office level, and provided differentiated policies such as credit approval and product innovation to further explore new paths and models for the development of science and technology finance, and encourage the Shanghai Branch to take the lead in demonstration effect, make outstanding contributions and forward-looking explorations in scientific and technological financial services, thereby better promoting the transformation of scientific and technological achievements and helping high-level scientific and technological self-reliance and self-reliance.
In February this year, CCB Shanghai Branch successfully issued the first data asset pledge loan to an enterprise. Through this innovative business, it opened up a new way for the circulation and financing of data assets, helping to stimulate the potential value of data assets and promote the real economy. Deep integration with the digital economy.
Shanghai Sibuge Network Technology Co., Ltd. is a technology-based enterprise specializing in data center artificial intelligence operation and maintenance and operation and maintenance big data analysis and processing. It has the qualifications of specializing in special new small and medium-sized enterprises, high-tech enterprises, and technology-based small and medium-sized enterprises. It is 20 years old. More than 10,000 enterprises and institutions have provided data center artificial intelligence operation and maintenance and operation and maintenance big data solution support.
Due to the particularity of data assets, how to evaluate their value and ensure their security has always been a difficult problem for financial institutions to explore. In this regard, CCB Shanghai Branch relied on the credible data asset certificates issued by the Shanghai Data Exchange, and on the basis of ensuring the authenticity, legality and non-tamperability of the data assets, granted credit to Sibuge and prudently issued credit accordingly. loan.
This new type of loan provides enterprises with more flexible financing channels, which not only helps enterprises revitalize their data assets, but also promotes enterprises to increase investment in research and development, accelerate technological innovation and industrial upgrading, thereby enhancing the core competitiveness of enterprises. This business also realizes the whole process of "confirmation - evaluation - pledge - loan" of data assets. It is the "zero breakthrough" of CCB Shanghai Branch in the field of financialization of data elements. It creates a trust-based system within the CCB system and local state-owned banks. A precedent for data asset pledge financing using data asset certificates.
While providing loan financing to enterprises, CCB Shanghai Branch also uses "investment banking thinking" to reshape the traditional commercial bank business model, and collaborates with other financial companies to handle warrant business for Sibuge's parent company, in order to innovatively carry out " A comprehensive financial service plan for technology enterprises linked to “commercial banks and investment banks”.
In the past 2023, CCB Shanghai Branch has been “continuously improving” in the field of technology finance. Carry out market research, establish a leading group for science and technology finance, hold a mobilization meeting to clarify science and technology finance as the only way for high-quality development of branches, open a Shanghai area of the head office's science and technology innovation evaluation system, and list 50 branches specializing in science and technology finance... Focusing on science and technology finance, almost Every month throughout the year there is at least one important achievement launched or event carried out.
Science and technology enterprises originate from and grow in ecology, and cannot do without the nourishment of the science and technology innovation ecosystem. CCB Shanghai Branch uses the financial ecosystem to serve the science and technology innovation ecology, and has established the "Jiang·Shanghai Chain" science and technology industry financial alliance, which integrates various financial functions such as commercial banks, investment banks, funds, trusts, insurances, leasing, etc., and brings together scientific research institutions, science and technology innovation services , science and technology innovation platforms, science and technology parks, incubators and other science and technology innovation source institutions, use bank credit to ensure the supply of basic funds for science and technology innovation, use risk capital to increase the supply of science and technology innovation guidance funds, use value-added services to create a science and technology innovation ecological cycle system, and promote all-factor collaboration Linkage provides full-function integrated services, supports the entire chain to accelerate innovation, and creates a comprehensive financial service ecosystem.
Recently, CCB Shanghai Branch further released the "Construction·Shanghai Chain" Scientific and Technological Achievements Transformation Service Plan, which provides comprehensive support to the production of scientific research institutions from four aspects: achievement evaluation services, achievement use services, achievement transfer services, and transformation carrier services. Study and use. Since the establishment of the "Jianhu Chain" science and technology industry financial alliance, CCB Shanghai Branch has held theme salons on park comprehensive services and scientific research university achievement transformation, and launched corresponding comprehensive service plans to support the construction of industrial parks and the transformation of scientific and technological achievements. Giving full play to the platform function of the "Construction·Shanghai Chain" technology industry financial alliance, CCB Shanghai Branch has all-round linkage, all-factor collaboration, and full-function integration to promote the integrated financial services of "stock, loan, and debt protection" and continue to provide services to Shanghai's science and technology industry. Ecosystem creation contributes wisdom and strength.
Technological finance cannot be fought alone; it is a systematic social project. At present, the prototype of a "Technology and Finance Roadshow Center" is being nurtured in the office building of CCB Shanghai Branch, which will become an important display platform for scientific and technological achievements in the future. CCB Shanghai Branch is looking for leading companies in every leading industry across the country, identifying core technology R&D personnel of outstanding companies, and "recognizing and investing in people." Participating in creating an ecosystem that is more conducive to technological innovation and industrial development is one of the directions that CCB Shanghai Branch is committed to.
For a long time, CCB Shanghai Branch has continued to strengthen "internal linkage, external collaboration, and cross-sector integration" to promote a virtuous cycle of "technology-industry-finance", pioneer and pilot new finance, promote the integration and innovation of finance and technology, and provide full-process services Scientific and technological innovation, achievement transformation and industrial development, serving high-level scientific and technological self-reliance and self-reliance.
Currently, Shanghai International Science and Technology Innovation Center is accelerating its move from "building a framework" to "strong functions". Standing at a new starting point, CCB Shanghai Branch is seizing the opportunity of Shanghai's "Five Centers" functional construction, writing a new chapter of high-quality development of comprehensive science and technology financial services, constantly adding new highlights and making greater contributions to the construction of a financial power. .
