Shenzhen Releases "21 Financial Policies" to Assist High Quality Development of Manufacturing Industry
2023-07-28
Focusing on key financing needs, Shenzhen increased lending efforts to reduce enterprise financing costs. Shenzhen released "21 financial rules" to help the high-quality development of the manufacturing industry. Recently, the National Administration of Financial Regulation in Shenzhen, together with the Shenzhen Development and Reform Commission, the Shenzhen Bureau of Industry and Information Technology The Shenzhen Local Financial Supervision and Administration Bureau has issued the "Guiding Opinions on Supporting the Construction of a Strong Manufacturing City in Shenzhen by the Banking and Insurance Industry" (hereinafter referred to as the "Guiding Opinions"), proposing a total of 21 policy measures from 6 aspects to promote banking and insurance institutions to focus on key points, solve difficulties, and overcome obstacles, unblock the "blood" of financial services, and assist in the high-quality development of Shenzhen's manufacturing industry. The Guiding Opinions propose to promote the active integration of banking and insurance institutions into the development strategy of Shenzhen's manufacturing industry, focusing on market entities such as Shenzhen's "20+8" industrial cluster, specialized, refined, and innovative manufacturing enterprises, as well as key financing needs such as "industrial upgrading", green development, and traditional enterprise transformation and upgrading, and increasing the investment of manufacturing loans; In addition, while continuously optimizing the credit structure and focusing on promoting the issuance of medium - and long-term loans, credit loans, and down loans in the manufacturing industry, we will continue to optimize the internal pricing mechanism, actively make reasonable concessions to manufacturing enterprises, and reduce their comprehensive financing costs. In terms of optimizing the investigation and approval process, the Guiding Opinions require banking and financial institutions to gradually improve the credit system for manufacturing enterprises, and develop targeted credit evaluation models and risk prevention and control systems based on the characteristics of key manufacturing enterprises; Encourage banking institutions to explore the establishment of manufacturing financial service centers, and implement specialized and distinctive management in organizational mechanisms, resource allocation, credit approval, and other aspects; Improve the risk prevention and control system that combines online and offline, enhance technological support for risk prevention and control, strictly implement the "three inspections" of loans, further improve the joint credit mechanism to prevent "excessive credit", and increase efforts to dispose of non-performing loans. In terms of product supply, the "Guiding Opinions" propose that banking and financial institutions actively develop characteristic and customized financial products that conform to industry characteristics, enhance the comprehensive service ability of "financing+intelligence", optimize loan term management, improve loan issuance efficiency and service convenience; Strengthen supply chain financing to enhance the resilience of the industrial chain, and support national banks to improve the financing efficiency of upstream and downstream enterprises through methods such as "one point to the whole country"; Enriching foreign trade products and actively providing integrated foreign trade financial services such as payment settlement, trade financing, and export credit insurance for manufacturing enterprises; Insurance institutions continue to strengthen the insurance risk protection function, improve the insurance coverage of manufacturing enterprises, and actively promote the insurance of the first set of major technical equipment, the first batch of new materials, and the first version of Software quality safety liability insurance. In the field of ecological security, the Guiding Opinions pointed out that we should continue to improve the risk sharing mechanism, deepen bank to bear cooperation, give full play to the role of government risk compensation funds, and improve intellectual property financing services; Establish a "whitelist" of key enterprises and a list of key project financing information docking, promote the exchange and sharing of industrial policy information, enterprise operation information, and financial product information, and alleviate information asymmetry; At the same time, we will deepen the implementation of the "Shenzhen Benefiting Ten Thousand Enterprises in Action" project, fully leverage the role of financial stations and Shenzhen Financial Services platforms, and improve the system
Edit：XiaoWanNing Responsible editor：YingLing
Source：SHENZHEN SPECIAL ZONE DAILY
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