Shanghai Bank Science and Technology Innovation | Shanghai Bank: Strengthening the "Support Point" of Science and Technology Innovation Finance, Activating the "Nuclear Explosive Point" of Future Industries | Cooperation | Science and Technology Innovation | Shanghai Bank
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Today, the opening ceremony of the 2023 Global "Future Industry Star" Competition and the Future Intelligent Rehearsal Special Session, supported by Shanghai Bank as the only designated cooperative bank strategy, officially kicked off. Among them, the Future Intelligent Rehearsal Special Session has a total of 37 shortlisted projects competing fiercely, focusing on six major fields: intelligent computing, general AI, augmented reality, quantum technology, and 6G technology.
Financial Empowerment of Future Industry "Nuclear Explosion Point"
According to the Action Plan for Shanghai to Build a New High ground for Future Industries and Develop and Strengthen Future Industry Clusters released by the Shanghai Municipal Government, by 2030, Shanghai will emerge a group of hardcore achievements, innovative enterprises, and leading talents with global influence in the five major fields of future health, future intelligence, future energy, future space, and future materials, with a future industrial output value of 500 billion yuan.
As the first domestic competition with the theme of future industries, the 2023 Global "Future Industry Star" Competition focuses on the two most critical and decisive factors in the development of future industries, namely projects and talents. Taking the competition as an opportunity and projects and talents as dual drivers, it cultivates and discovers a group of innovative projects and talents for future industries. At the same time, this competition is based in Shanghai, exploring excellent innovative projects and talents worldwide.
It is reported that the competition has won a total of 536 future industry projects and outstanding talents from both domestic and foreign sources. After online evaluation by the judging expert group in the preliminary round, a total of 120 excellent projects in five major fields including Future Health, Future Intelligence, Future Space, Future Energy, and Future Materials have entered the semi-finals, and 40 outstanding talents have directly reached the finals. "When laying out future industries, we will inevitably experience the pain of 'not being able to see clearly' and 'enduring time'. We need to leverage Shanghai's advantages in talent, information, capital, scenarios, ecology, and other aspects, and through horse racing mechanisms and rankings, we will create several 'explosive points' in the 16 fields of the five major future industry clusters, reflecting Shanghai's role in the future industry landscape." Zhang Hongtao, Deputy Director of the Shanghai Municipal Commission of Economy and Information Technology, said in his opening speech.
The development of future industries cannot be separated from the empowerment of financial institutions. "The construction of industrial ecology is not only limited to today, but also relies more on the energy of 'tomorrow' and 'the day after tomorrow' as a technological powerhouse." In his speech, the Business Director of the Head Office of Shanghai Bank stated that as a local financial institution in Shanghai, Shanghai Bank is responsible for supporting the development of 'future industries'.
In recent years, Shanghai Bank has attached great importance to scientific and technological innovation financial services, adhering to the focus of economic development on the real economy, and continuously increasing support for fields such as scientific and technological innovation, green, and manufacturing. As of the end of June 2023, the balance of Shanghai Bank's technology enterprise loans exceeded 130 billion yuan, serving over 15000 technology enterprises. In the "2023 Top 100 Shanghai Hardcore Technology Enterprises" released at the Shanghai Industrial Technology Innovation Conference, Shanghai Bank's service enterprises cover more than half.
At the opening ceremony, Shanghai Bank also signed on-site contracts with four technology companies, namely Lanfan Medical, Jinfei Carbon Fiber, Jifeng Electronics, and Bendao Gene, to support the future development and growth of the industry through practical actions.
Innovative services strengthen financial "strong support"
Developing future industries is both an ideal vision and a practical project. The future industry has characteristics such as high risk, high return, high investment, and high overflow. "From the perspective of banks, supporting future industrial development must adopt new models and means, coordinate the overall situation, optimize mechanisms, innovate products, and gradually accumulate experience in the exploration process." Zhu Shouyuan said.
In recent years, Shanghai Bank has continuously accumulated experience in serving technology innovation oriented enterprises, ensuring financial support for future industrial development from various aspects such as policy systems, product systems, and organizational promotion.
In terms of policies and systems, Shanghai Bank has strengthened top-level design and overall planning from a strategic perspective. Establish a Science and Technology Innovation Finance Promotion Committee at the head office level to coordinate and plan the implementation path, product innovation, risk management, and other related institutional and mechanism construction work of science and technology innovation finance throughout the bank. Led by the Science and Technology Innovation Finance Committee, comprehensively plan and coordinate the future industry promotion; Establish a specialized team for science and technology innovation finance at the branch level, with collaboration between the front, middle, and back offices, to jointly study the needs of future industrial customers and participate in customer business risk assessment; At the branch level, a specialized system is formed through technology exclusive branches and technology characteristic branches, fully covering the comprehensive needs of technology-based enterprises. Especially for the three future pilot areas of Shanghai, Zhangjiang, Lingang, and Dalihao Bay, the head office will take the lead in organizing the docking of the three future industrial pilot areas, promoting the regional empowerment of Pudong Science and Technology Branch and Lingang New Area Branch, and synchronously accelerating the preparation and establishment of Dalihao Bay Branch to achieve precise support for future industrial projects within the three pilot areas.
In terms of channel collaboration, Shanghai Bank insists on promoting the construction of channels and ecosystems, continuously strengthening the connection and linkage with the government and platform associations, building cooperation mechanisms with investment institutions, securities firms, PE/VC, and industrial funds, building a mutually beneficial and win-win model of industry research, customer mutual recommendation, and complementary services, and continuously improving the service efficiency of the science and technology innovation financial ecosystem; Actively building an industrial chain ecosystem, utilizing their own customer base, assisting enterprises in integrating the industrial chain. For leading enterprises in key regional industries, comprehensive service plans are established one by one based on the ecological management characteristics of upstream and downstream industries and industrial chains; We have integrated external resources such as industry, government, research, and education, collaborated with professional institutions and research institutions, and established two science and technology innovation laboratories, "Integrated Circuit" and "Life and Health", to form a multi-party cooperation model targeting key industries.
In terms of product system. On the one hand, Shanghai Bank has launched a three-dimensional financial product system that meets the needs of technology enterprises at all levels and is suitable for future industrial development. This includes various types of services, including characteristic credit products, policy consulting services and industry chain matching, as well as personal and executive services. Adhere to the concept of "customer-centric" and match the various needs of future industrial customers in terms of capital flow, industrial chain, and social circle. On the other hand, according to the different needs of technology-based enterprises throughout their entire lifecycle, build a product system that covers the entire lifecycle. In addition, for future industrial enterprises lacking collateral, we will vigorously promote intellectual property pledge financing, introduce intellectual property as collateral into enterprise credit plans, help enterprises increase credit limits, and reduce financing costs.
In terms of organizational promotion. Shanghai Bank will create a model of whole group collaboration and regional special coverage, starting from the integrated service of "future industries", with 5 key directions and 16 sub tracks of future industries. The Shanghai region will have 5 branches and corresponding branches covering 16 administrative regions to implement special docking, and tailor special financial service plans to local conditions. The service content includes: focusing on key areas and establishing new special quotas; Establishing operational institutions to enhance service capabilities; Develop special policies and form professional teams; Support the competition and explore future stars. Based on the planning and layout of future industries, differentiated support plans will be formed in different regions and sub sectors to implement financial support for future industrial development.