Jiading builds a "financial product supermarket" to solve the financing difficulties of enterprises and provide a "source of fresh water" for innovation
Shiyin Automotive Technology Co., Ltd. is a high-tech enterprise engaged in the research and development of automotive NVH technology and providing related services in Jiading. At the end of 2021, the company plans to develop intelligent vehicle electronic components and needs to increase investment. Due to the impact of the epidemic in the first half of 2022, it plans to conduct a new round of equity financing in advance. "After learning of our needs, the Jiading District Branch of Shanghai Rural Commercial Bank quickly followed up and intervened before the company officially started equity financing. In the end, they provided us with a 30 million yuan investment loan linkage credit line, providing us with sufficient financial support," said the relevant person in charge of the company.
The reporter learned that the 30 million yuan credit limit is a "Chuangxin Loan" financial product launched by the Jiading Branch of Shanghai Rural Commercial Bank, aiming to increase credit investment for science and technology innovation enterprises. After the issuance of the credit limit, on the one hand, it solved the company's liquidity problem, and on the other hand, it also boosted the company's confidence in development, helping to increase the company's valuation by 100 million yuan. Jiading still has many financial products that provide a source of fresh water for enterprise innovation.
On July 10th, the launch ceremony of the "Wojia Finance" service brand was held in Jiading. The reporter learned from the Financial Office of Jiading District that a "financial product supermarket" has been established in Jiading, bringing together 46 financial institutions and 164 financial products to solve the problem of difficult and expensive financing for enterprises. In addition, more than 30 banks in the jurisdiction of Jiading have focused on key areas such as technology finance, inclusive finance, and rural revitalization, launching over 50 "Jia Su Dai" characteristic financial products to support the development of the real economy.
For example, in terms of technology finance, China Postal Savings Bank provides up to 50 million yuan of "technology credit loans", Bank of China provides up to 10 million to 80 million yuan of "Bank of China Technology Growth Loans", Agricultural Bank of China provides up to 300 million yuan of "Science and Technology Loan", and CITIC Bank provides up to 30 million yuan of investment loan linkage loans. At present, many enterprises have received tangible financial support.
Established in 2006, Shanghai Kangdelai Medical Equipment Co., Ltd. is a listed company on the main board of the Hong Kong Stock Exchange. It is one of the few medical device manufacturing enterprises in China with complete industrial capabilities such as independent mold development, product research and development, and independent sterilization. Zhao Yan, the CFO of the company, stated that previously, startups under the company's incubation platform hoped to receive further credit support. Currently, Agricultural Bank of China, Shanghai Rural Commercial Bank, Shanghai Pudong Development Bank and other banks have provided special loans to solve the concerns of related enterprises.
The relevant person in charge of the Financial Office of Jiading District told reporters that as early as 2017, Jiading District was selected as one of the first national pilot cities for industry finance cooperation, providing a fast channel for precise matching of credit fund supply and demand through the industry finance cooperation service platform. Since 2022, 329 enterprises in Jiading have obtained loans of 2.646 billion yuan through precise matching on the industry finance platform. At present, there are 813 specialized, refined, and innovative small and medium-sized enterprises in Jiading, ranking fourth in the city in total; There are a total of 70 specialized, refined, and innovative small giant enterprises, ranking second in the city in total.
In addition, listed companies are indicators of a region's economic strength and activity. As of now, 32 companies in Jiading District have successfully listed on the domestic A-share market, ranking third in the city in total, with a total market value of 748.1 billion yuan, covering industries such as automobiles, biopharmaceuticals, integrated circuits, and new materials. "We continue to improve the construction of the reserve pool for listed enterprises, and have identified 72 enterprises to be stored and focused on cultivating them, helping them embrace the capital market. In the future, we will continue to promote the cooperation of the government, enterprises, and financial institutions to provide financial support for the development of enterprises." The relevant person in charge said.