Yu Minhua, Vice President of the Bank of Shanghai: Two major “levers” drive technological innovation
On May 7, the Bank of Shanghai held a performance briefing for 2023 and the first quarter of 2024. At the meeting, science and technology finance, as one of the distinctive businesses of the Bank of Shanghai, attracted attention. During the exchange session, Yu Minhua, Vice President of the Bank of Shanghai, said that the Bank of Shanghai should build a full life cycle science and technology financial service system and leverage science and technology parks and industries. More technological innovation.
As of the end of March this year, the balance of science and technology finance loans of Shanghai Bank was nearly 150 billion yuan, with an average annual compound growth rate of 37% in the past three years, maintaining a rapid growth trend.
Make good use of the "park" lever and "one park, one policy" to leverage innovation vitality
Science and technology parks are important areas for economic development, as well as incubators and sources of scientific and technological innovation. Taking "Greater Zero Bay" as an example, nearly 4,000 hard-core technology companies have gathered in the entire bay area. In order to serve these enterprises well, Bank of Shanghai has created a "Greater Zero Bay Science and Technology Innovation Financial Partner Bank" service system.
Build a professional team. Bank of Shanghai has established a special service team that coordinates the head office, branches, and front, middle and back offices. Among them, the "Da Zero Bay" technology-specific branch will be launched in the second half of the year.
Build service channels. In the core area of "Big Zero Bay", Bank of Shanghai has covered 16 innovation carriers and 7 incubators, achieving full coverage and full docking, focusing on information flow, capital flow and project flow, to achieve precise contact and docking.
Create exclusive products. According to the scientific and technological innovation enterprises with different life cycles in the core area, Shanghai Bank has created "Incubation Loan", "Acceleration Loan" and "Qihang Loan" for different stages such as "0 to 1", "1 to 10" and "10 to 100". Financial service products focusing on credit, and promoting product standardization, online and intelligentization to provide enterprises with more convenient services.
Build an exclusive empowered service alliance. Taking advantage of the advantages of subsidiaries within the Bank of Shanghai Group, we participated in the establishment of the "Big Zero Bay Innovation Fund", the first science and technology innovation fund of "Big Zero Bay", investing in early stage, small and hard technology. At the same time, it will cooperate with regional industry leaders, PE/VC, securities firms, asset managers, and third-party institutions to build an industrial and financial service alliance to provide enterprises in the region with five enabling services including industry, financing, intelligence, technology, and channels.
Since last year, the Bank of Shanghai has focused on the park to conduct in-depth research to improve reach and coverage. At present, the Bank of Shanghai's reach rate to corporate customers in the core area of "Big Zero Bay" has reached 50%, and the cooperation implementation rate is nearly 25%. Bank of Shanghai's experience in serving the "Big Zero Bay" will also be replicated and promoted throughout the bank, using the "park" as a lever and "one park, one policy" to leverage innovation vitality.
Make good use of "industry" leverage and "one chain, one policy" to amplify the effect of innovation
In the current era of a new round of scientific and technological revolution and accelerated industrial transformation, the deep integration of "technology, industry, and finance" to build a competitive modern industrial system is the only way to achieve high-quality development. In addition to targeting horizontal linkage in science and technology parks, Bank of Shanghai is targeting vertical efforts in the high-tech industrial chain.
In vitro diagnostics is a secondary sub-industry of biomedicine. Through the dismantling of the industry chain, Shanghai Bank further identified subdivided tracks and technology hot spots, used big data and information flow to scan enterprises in the entire industry chain, and formulated special industry financial service plans. , providing precise assistance to enterprises.
Since last year, the Bank of Shanghai has formulated six major industries and conducted research around 31 subdivided tracks such as integrated circuit design and high-end medical care. The entire bank has conducted professional analysis, formulated special industry financial service plans, optimized the allocation of financial resources, and deepened industry development. Financial information docking to promote a virtuous cycle of technology-industry-finance.
