The "running water" of finance flows to the heights of innovation (Financial Eye·In the first year, how does finance serve the economy ③)
Innovation is the first driving force leading development.
In recent years, driven by the innovation-driven development strategy, my country's high-tech industry is in the ascendant. A number of innovative companies with international competitiveness have accelerated their development and growth, and scientific and technological innovations have emerged. Among them, the financial industry has provided strong support.
To increase support for technological innovation and enhance the competitiveness of technological enterprises, what effective methods have been explored by the financial sector?
How to make further efforts in the future?
The reporter conducted an investigation and interview.
Patent pledge + credit insurance fund guarantee, solving financing problems
This Spring Festival, Wu Shang, the person in charge of Zhejiang Zhongze Precision Technology Co., Ltd., is in a particularly good mood.
Before the Spring Festival, the factory production line transformation problem that had been plagued him was solved.
Wu Shang said that the company is an innovative small and micro enterprise in Jiaxing City, Zhejiang Province. It is mainly engaged in the R&D and production of lithium battery cover plates and battery core aluminum cases for new energy vehicles.
"The battery core aluminum shell we developed adopts a minimalist design, weighs about 50% lighter than ordinary products on the market, and has larger internal space and better explosion-proof performance. With technological advantages and excellent product quality, the company got the A leading company in the industry has an order of nearly 100 million yuan."
This was a happy thing, but Wu Shang was in trouble.
"With a large order, the company needs to further increase its production capacity in the new year, and at the same time increase the purchase of raw material aluminum. Whether it is equipment transformation, the establishment of a higher level of automation assembly, stamping, injection molding production line, or increase The purchase of raw materials requires considerable capital investment, and the company's cash flow pressure immediately rises."
Can I apply for a bank loan to solve funding difficulties?
"The company is a light-asset technology-based enterprise and lacks collateral. It is not easy to find a bank loan." Wu Shang said.
In early January this year, Shi Mengjiao, account manager of the Agricultural Bank of China Zhejiang Jiaxing Science and Technology Branch, learned about the company's situation and gave Wu Shang an idea.
"The company has a patented technology for lithium battery power cover structure, which can be used for pledge financing." Shi Mengjiao said that in the past, loans were mainly mortgaged through real estate such as houses and factories. Now it provides better financing support for asset-light technology companies. Banks actively innovate loan mortgage guarantee methods, allowing enterprises to apply for loans by pledge of patent rights and other intellectual property rights.
Wu Shang was overjoyed and applied for a 2 million yuan loan with Shi Mengjiao's help on the spot.
"This helped me a lot. I didn't expect the funds to be settled so quickly."
"With sufficient capital guarantee, the company's innovation results can be put into production smoothly, and the R&D investment can get an ideal return. I have more confidence in the company to take the path of innovation and development." Wu Shang said.
Happy things are not over yet.
In order to meet the financing needs of innovative enterprises, the local government led by government departments, financial institutions and other organizations jointly funded the establishment of credit insurance funds to provide financing credit guarantees for small and micro enterprises that are in line with industrial policy orientation, high technology content, and good growth. , Increasing the loanable amount of enterprises through the method of "patent right pledge + credit insurance fund guarantee".
In less than a week, with the support of the Credit Insurance Fund, Wu Shang received a newly approved loan of 5 million yuan with preferential interest rates.
Nowadays, like Wu Shang, more and more technology companies have become guests of financial institutions, and the successful practice of supporting companies in technological innovation is blooming everywhere.
Ping An Group adopted the investment-loan linkage model to provide financial support for Guangzhou Science City Investment Group, and successfully issued 4.6 billion renewable corporate bonds to help build an international science and technology innovation center and cultivate a new generation of information technology, artificial intelligence, Three emerging industry clusters in biomedicine.
China Construction Bank is exploring the implementation of "talent loans" in Shandong, Jiangsu and other places to provide credit support for companies with various high-end talents and leading talents according to their talents, and help more companies achieve innovative development.
In 2020, the total amount of national patent and trademark pledge financing reached 218 billion yuan, a year-on-year increase of 43.9%.
"The technology industry and technology companies have certain particularities, so financial institutions need to launch more tailor-made and targeted financial products." The relevant person in charge of the China Banking and Insurance Regulatory Commission said that the financial support technology innovation policy measures will be improved to promote financial institutions to increase Major product and service innovation efforts, exploring products and services such as intellectual property pledges, supply chain financing, innovative and entrepreneurial financial bonds, equity funds, industrial funds, angel investments, etc., broaden diversified financing channels for technology-based enterprises, and improve financial services for technological innovation Level.
"Points" can be used to increase credit, tools are "packaged", and there are many ways to help finance technology innovation
Accelerating scientific and technological innovation is the need to build a new development pattern and promote high-quality development.
In recent years, the financial sector has continued to make new explorations to improve the ability and level of service technological innovation, so that more financial "running water" flows to the highlands of innovation.
—— Quantify innovation capabilities, help financing credit increase, and make corporate loans easier.
"The company's corporate innovation score is 67 points, and it has obtained a bank loan of 6.89 million yuan." Yao Ruoxuan, the person in charge of Hangzhou Wimoud Technology Co., Ltd., said that this is a new thing he encountered recently.
What are corporate innovation points?
Bao Zuming, director of the Zhejiang Banking and Insurance Regulatory Bureau, introduced that this is a new measure launched by Hangzhou to quantify corporate innovation capabilities and help companies increase their financing and credit. This is a comprehensive approach through investment in corporate innovation, R&D platforms, innovation output, and growth. The evaluation can accurately evaluate the innovation capabilities of enterprises at different stages of development and provide enterprise innovation points. "We will connect the Zhejiang Provincial Financial Comprehensive Service Platform with the enterprise innovation scoring system to integrate government public data, bank financial services, and corporate financing needs. The three are organically synergized, and the bank uses the evaluation results of corporate innovation points to transform corporate innovation capabilities into actual credit lines. At present, local banks have completed a total of 150 million yuan in credit through this method."
In addition, Zhejiang Province has strengthened the sharing of data and information among science and technology enterprises among different departments, and established a list of financial services for science and technology small, medium and micro enterprises, and extensively developed science and technology financial products based on enterprise innovation evaluation, credit information, and business flow data to provide enterprises with differentiated, Precision financial services.
"Innovation capability is the most precious capital of an enterprise. In the next step, more banking institutions will be supported to use enterprise innovation points and data to develop exclusive loan products to promote the increase and expansion of scientific and technological financial services." Bao Zuming said.
——The insurance industry and the capital market make concerted efforts to provide more comprehensive financial support.
The "Blue Whale No. 1" used for the mining of combustible ice in the South China Sea, the domestic floating production storage and unloading platform "Hope No. 6", the electric locomotive unit exported to Southeast Asia...the first (set) of major technical equipment insurance business was launched, It provides a strong guarantee for the development and production of these advanced equipment.
According to the relevant person in charge of Ping An Property and Casualty Insurance Co., Ltd. of China, some large-scale advanced equipment has complex technology and high value, and the capital investment and risk for manufacturers are relatively high.
The first (set of) insurance uses a market-oriented operation mechanism to help companies effectively diversify potential product liability risks, reduce equipment warranty costs, speed up corporate capital turnover, and help enhance product competitiveness and promote better promotion of new equipment.
In recent years, the pilot work of the first (set) of major technical equipment insurance compensation mechanism has been carried out smoothly across the country. The central government has provided certain insurance premium subsidies to insured enterprises, which has strongly promoted the technological innovation and marketization of the first (set) of major technical equipment. application.
At the same time, the insurance industry has designed a variety of insurance products around the application of technological innovations, such as loss insurance for technological research and development expenses, business interruption insurance for technological enterprises, and credit insurance for technological transfer service contracts. The diversified technological protection needs of enterprises are better met.
In terms of capital markets, the Shanghai Stock Exchange established the Sci-tech Innovation Board and piloted a registration system to support and encourage "hard technology" companies to list on the Sci-tech Innovation Board; the ChiNext reform and pilot registration system were successfully implemented, enhancing the service capabilities of innovative companies .
In addition, relevant departments actively support the issuance of corporate bonds by qualified innovative and entrepreneurial enterprises. As of the end of June 2020, the cumulative amount of financing of innovative and entrepreneurial bonds was 15.1 billion yuan.
Promote resource integration, improve service efficiency, and inject stronger financial impetus into technological innovation
For the financial industry, how to better support technological innovation is a new challenge and a new opportunity for its own high-quality development.
Experts believe that in the future, we should continue to make efforts in terms of institutional innovation and professional institution building to inject stronger financial impetus into technological innovation.
——Improve the construction of systems and mechanisms and strengthen the integration of resources from all parties.
The work related to financial support for scientific and technological innovation involves a wide range of areas, and relevant departments in the fields of finance, technology, industry and other fields need to strengthen coordination and cooperation and establish an efficient coordination mechanism.
Many industry insiders interviewed by the reporter said that to improve the level of financial technology services, especially to open up the information "highway", strengthen information interconnection, strengthen the planning and construction of related databases, establish and improve the technology and financial information platform, and realize the efficient collection of relevant data And integration to improve service efficiency.
"To solve the problems that some financial institutions dare not to do or not to do in the process of supporting technological innovation, the risk-return matching and risk-sharing mechanism should be further improved." Zeng, deputy director of the National Finance and Development Laboratory of the Chinese Academy of Social Sciences Gang said that it is necessary to actively explore the combination of investment and loan linkage, banking and insurance and other financial means to establish a financing service system covering the entire life cycle of technological innovation.
On the one hand, financial institutions need to actively explore and innovate. On the other hand, the regulatory authorities should also establish a differentiated regulatory system based on the characteristics of financial business models such as investment-loan linkage to create better conditions for the development of technology and finance.
Some places are actively promoting the integration and docking of financial and technological resources, and strengthen professional complementarity.
Bao Zuming said that Zhejiang financial regulatory authorities will guide bancassurance institutions to deepen strategic cooperation with scientific research platforms and industrial incubation platforms such as Yujiang Laboratory, Hangzhou International Science and Technology Center of Zhejiang University, etc., to jointly build, share, empower each other, and promote the transformation of scientific and technological achievements. And industrialization.
——Support the construction of professional institutions and improve the efficiency of financial services.
Zeng Gang believes that the multi-level science and technology finance franchise system should be improved, and qualified banking institutions should be encouraged to establish science and technology finance divisions, science and technology sub-branches, etc., and qualified insurance companies should be promoted to establish science and technology insurance franchise institutions or departments, and to establish a complete technology franchise. Institutional supervision mechanism to better encourage and guide science and technology institutions to provide financial support for innovative enterprises.
"In addition, in important carriers of technological innovation such as the National High-tech Zone, commercial banks should be particularly encouraged to set up technological branches and support the development of services such as intellectual property pledge financing." Zeng Gang said.
The relevant person in charge of the China Banking and Insurance Regulatory Commission stated that in the future, it will comprehensively consider the policy orientation, market demand, institutional development and talent team and other aspects, and overall consider the necessity and feasibility of establishing a professional technology insurance company, and encourage and support compliance with laws and regulations. Qualified financial entities establish professional technology insurance companies.