Xinhua News Agency, Nanjing, January 25th (Reporter Liu Weiwei) Thanks to the start-up capital loan provided by "Kuntai Rong" for new projects, Taiwan-funded enterprise Kunwu Precision Mold (Kunshan) Co., Ltd. seized the "home economy" under the epidemic Opportunities have doubled orders for accessories such as notebook computers and power tools. The output value in 2020 is expected to increase by more than 30% year-on-year.
Kunshan, Jiangsu is one of the regions where Taiwanese businessmen invest most in the mainland.
Since the outbreak of the epidemic, some small, medium and micro Taiwan-funded enterprises have faced problems such as poor overseas financing channels and rising financing costs. Financing in the mainland has also been inconvenient, and the lack of timely return of payment for goods has led to outstanding liquidity pressure.
In March 2020, Kunshan City issued the "Implementation Opinions on the "Kuntai Finance" Fund Pool (for Trial Implementation)", injecting "financial water" into Taiwan-funded enterprises through targeted increase of loans, helping to alleviate the impact of the epidemic and changes in the international trade situation on Taiwanese enterprises At the same time, promote it to accelerate its integration into the new development pattern of "dual cycle".
This is an important measure for Kunshan to accurately serve small, medium and micro Taiwanese enterprises, and it is also Jiangsu's first to innovate and launch financial products specifically for Taiwanese enterprises.
"Kuntai Rong" will grant financing credit to eligible Kunshan small, medium and micro Taiwan enterprises within 5 working days of the declaration, and the single-account credit line does not exceed 10 million yuan.
Compared with the ordinary fund pool, the “Kuntai Finance” access conditions are more relaxed than normal credit loans. The financing currency is extended from a single RMB to foreign currencies such as the U.S. dollar, and the loan is extended to various financing forms such as letters of credit and guarantees. , Interest rates are more favorable, and more supporting measures are given to enterprises.
As of the end of 2020, the "Kuntai Finance" fund pool has accumulatively granted 76 credit companies in less than one year, with a total credit amount of 430 million yuan, and 66 companies withdrawing a total of 307 million yuan, which is 6 times the capital increase, and there is no overdue or Breach of contract.
On the basis of a number of favorable policies such as "Kuntai Finance", Kunshan recently issued several measures to further deepen economic, social and cultural exchanges and cooperation between Kunshan and Taiwan, and based on the approval of the establishment of financial support to deepen cross-strait industrial cooperation reform and innovation pilot zone. Opportunity, initiated the establishment of a Taiwanese business development fund with a total scale of 5 billion yuan, carried out private equity investment, encouraged cross-strait capital joint equity participation, supported the transformation and development of Taiwanese enterprises and Taiwan’s youth innovation and entrepreneurship, and continued to stimulate new momentum for Taiwanese enterprises.