Pudong Development Bank's Multiple Measures Escort the Development and Growth of Private Economy

Release time:Apr 16, 2024 04:30 AM

On August 30th, the financial management department and the All China Federation of Industry and Commerce held a meeting to promote the development of financial support for private enterprises. The purpose of this meeting is to deeply implement the Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Economic Development and Growth of Private Enterprises, and to promote the financial system to better support the development of private enterprises. At the meeting, Shanghai Pudong Development Bank signed a strategic cooperation agreement with Shanghai Shugao Electromechanical Co., Ltd., a representative of private enterprises, and will provide more financial support to enterprises in domestic and foreign currency settlement, credit and other aspects in the future.

Shanghai Shugao Electromechanical Co., Ltd. is a key supported enterprise in the G60 Science and Technology Innovation Corridor of Songjiang District, Shanghai, a national high-tech enterprise, a specialized and innovative enterprise in Shanghai, and a small giant enterprise in Shanghai. The Shanghai branch of Shanghai Pudong Development Bank has been cooperating with the company for over 6 years, witnessing its business scale expanding year by year. Through its pioneering Little Giant Credit Loan exclusive product, the bank has accompanied the company in maintaining rapid growth in sales revenue for the past three years.

Under the strong leadership of the Party Committee of the Head Office, Pudong Development Bank has always attached great importance to financial support for the development of private enterprises, committed to improving the level of financial services for private enterprises, vigorously enhancing the accessibility and convenience of financial services for private enterprises, and creating a better financial environment for the development and growth of the private economy.

In the Shanghai region alone, as of the end of June 2023, the balance of private enterprise loans from Shanghai Pudong Development Bank has exceeded 200 billion yuan; In the first half of this year, more than 70 billion yuan of new loans were issued to private enterprises, accounting for over 40% of new corporate loans. Through a series of "combination punches" such as increasing credit investment, optimizing the business environment, leveraging the characteristics of scientific and technological innovation financial services, and focusing on inclusive small and micro relief, Shanghai Pudong Development Bank continues to deepen its support for the private economy.

Stabilizing credit support "ballast stone"

The Shanghai Branch of Shanghai Pudong Development Bank has always prioritized increasing credit allocation to private enterprises. For private technology-based enterprises with advanced manufacturing, strategic industries, and independent and controllable supply chains, we will continue to strengthen medium - and long-term financial support to meet the long-term financing needs of private manufacturing enterprises. Utilize service advantages in areas such as direct financing and mergers and acquisitions of private enterprises, assist in the coordinated development of private economic regions, and guide private enterprises to adhere to the direction of high-quality, high-end, and efficient industrial coordinated development.

Press the "Fast Forward" button to optimize the business environment

The Shanghai Branch of Pudong Development Bank aims to provide comprehensive, professional, and one-stop "Pudong Bank account opening" services, firmly establishing a service mindset of "allowing account opening to be done at most once", and fully focusing on the actual needs of enterprises. The focus is on continuously optimizing and upgrading service models, integrating account opening processes, controlling key nodes, providing user feedback and experience, and improving the network environment that affect the enterprise's account opening experience. Efforts are being made to improve the convenience and intelligent experience of enterprise customers. In addition, the bank will effectively reduce the payment and settlement fees for small and micro enterprises and individual businesses. As of the end of June 2023, the cumulative reduction in payment and settlement fees of Shanghai Branch of Pudong Development Bank has exceeded 84 million yuan, benefiting over 92000 small and micro enterprises and individual businesses.

Building the "Hard Power" of Science and Technology Innovation Finance

The Shanghai Branch of Shanghai Pudong Development Bank has established a sound credit loan system covering the entire life cycle of technology enterprises, including Little Giant Credit Loan and Listed Loan, all of which are pioneering in the industry. By effectively improving the accessibility of loans for small and micro science and technology innovation enterprises, a financial service plan covering the entire growth process of private science and technology innovation enterprises has been formed. The bank has served over 8500 science and technology innovation small and micro enterprises, and has established cooperation with over 50 national and municipal incubators, and has continuously won the "Excellent Service Institution for Entrepreneurship and Entrepreneurship" award from the Municipal Science and Technology Commission.

Send timely rain for inclusive relief

Relying on innovative online financing models such as online supply chain financing, online factoring, and online forfaiting, the Shanghai branch of Shanghai Pudong Development Bank provides paperless, online, and real-time rapid financing for small and micro enterprises, effectively improving their financing efficiency and convenience. By calculating interest on a daily basis and repaying loans as needed, it effectively reduces financing costs and significantly alleviates the problem of "difficult and expensive financing" for small and micro enterprises.

Pudong Development Bank will effectively enhance its political stance, provide high-quality financial support for the development of private enterprises, fully tap into the financial service needs of private enterprises, actively assist in the stable operation of the economy and society, and use financial vitality to nourish the real economy.

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