Focus on the establishment of three new "fiscal policy+financial instruments" funds in Changchun

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In order to optimize the fiscal and financial linkage mode and better meet the diversified and multi style financing needs of enterprises, Changchun Finance Bureau held the "fiscal policy+financial instruments" fund product on-site promotion meeting on the 20th, and launched three funds, namely, enterprise financing credit enhancement fund, enterprise emergency lending fund and enterprise technology innovation fund, focusing on private economy, rural revitalization In areas such as industrial upgrading, we will give full play to the role of fiscal policy guidance and leverage, encourage banks to increase credit supply, and ease the financing difficulties and expensive problems of SMEs.

It is reported that the total scale of Changchun enterprise financing credit enhancement fund is 2 billion yuan. According to the principle of "government guidance, market operation, risk sharing and scientific management", the mode of "fiscal policy+financing guarantee" is adopted to build a national financing guarantee fund, credit enhancement fund, cooperative banks, provincial re guarantee institutions, cooperative financing guarantee institutions and other business models, such as "five party risk sharing", It is specially used to provide credit enhancement for small, medium-sized and micro enterprises, "three rural" entities and "white list" enterprises.

The total scale of Changchun City's enterprise emergency refinancing fund is 2 billion yuan. The "fiscal policy+bridge financing" model is adopted to provide low-cost short-term financing services for eligible enterprises in Changchun that have difficulty in capital turnover in the process of refinancing, reduce the pressure on enterprises to repay debts in the process of refinancing, and help enterprises repay and renew loans on schedule, The interest standard of fund entrusted loan products is 3/10000 per day.

Changchun Enterprise Technology Innovation Fund, with a total scale of 200 million yuan, adopts the mode of "fiscal policy+bank loan" and is specially used to support industrial enterprises to increase capital and expand production, technological transformation and R&D innovation. By setting up a fund pool, the fund will jointly design special loan products with cooperative banks. For financing projects that meet the requirements, the fund will give subsidies of no more than 2% on the basis of preferential loan interest rates provided by cooperative banks.

At the promotion meeting, Changchun Guarantee Group, the fund operation and management institution, signed contracts with Agricultural Development Bank of China, Industrial and Commercial Bank of China, Bank of China and other banks around the cooperation of Changchun Enterprise Financing Credit Enhancement Fund, with Export Import Bank of China, Agricultural Bank of China, CITIC Bank and other banks around the cooperation of Changchun Enterprise Emergency Transfer Loan Fund, with China Development Bank China Construction Bank, Postal Savings Bank of China and other banks signed contracts around the cooperation of Changchun Enterprise Technology Innovation Fund.

It is reported that the three funds plan to leverage 22 billion yuan of bank credit in the next three years, help enterprises solve 15 billion yuan of emergency lending funds, and leverage 23 billion yuan of bank credit funds to support industrial enterprises' capital increase, production expansion, technological transformation and R&D innovation.

Zhang Yuxiang, Director of Changchun Municipal Finance Bureau, said that Changchun will focus on promoting financial integration, optimizing industrial support and investment methods, innovating fund products, expanding application scenarios, relieving financing problems and liquidity difficulties of small, medium-sized and micro enterprises, providing more convenient and powerful financing support for enterprises, and helping high-quality economic development of the city.

(Source: Xinhua Finance)

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