Original title: Cohesion Solves the Financing Difficulties of Scientific and Technological Innovation Enterprises

Economic Daily reporter Wang Baohui

The Central Financial Working Conference proposed to optimize the capital supply structure and use more financial resources to promote scientific and technological innovation, advanced manufacturing, green development and small and medium-sized micro enterprises. This important deployment points out the direction for the development of financial enabled sci-tech innovation enterprises. Since this year, commercial banks have focused on the new characteristics of science and technology innovation enterprises, accelerated the improvement of the quality and efficiency of science and technology financial services, made efforts to get through the points of the "science and technology industry finance" virtuous cycle, guided long-term capital to empower science and technology innovation enterprises, introduced diversified and comprehensive financial services for science and technology innovation enterprises, and vigorously promoted the development of new quality productivity.

Dong Ximiao, the chief researcher of China Merchants Association, said that the central financial work conference placed science and technology finance at the top of "five major articles", and this year's Government Work Report also included vigorously developing science and technology finance for the first time, aiming to promote financial institutions to accelerate the development of science and technology finance, and guide more financial resources to flow to scientific and technological innovation and technology-based enterprises, In turn, it will promote the improvement of independent innovation capability in science and technology, accelerate the development of new quality productivity, and constantly enhance the comprehensive national strength.

From the enterprise side, science and technology enterprises in the start-up and growth stages generally focus on intelligence. How to transform technology into a financing fulcrum is crucial to ease financing difficulties. In response to this problem, innovative enterprises from different industries have realized their entrepreneurial dreams here at the Binhai Zhongguancun Science Park "Entrepreneur Harbor" alliance network jointly launched by China Construction Bank Tianjin Branch and various parties. CCB Tianjin Branch continuously improves the credit financing efficiency and financing convenience of science and technology innovation enterprises according to the multi-dimensional comprehensive evaluation of the exclusive evaluation tool for technology and achievement transformation capability of science and technology enterprises.

Under the guidance and promotion of national policies, the strength and level of financial support for scientific and technological innovation in China have been constantly improved, and financial services have been innovative, effectively making up for the financing weakness of scientific and technological innovation enterprises. In Yulin, Guangxi, local banking institutions and tax authorities deepened the direct connection of data, launched customized and personalized scientific and technological financial services, and helped small, medium-sized and micro enterprises of science and technology innovation achieve rapid financing. "As a small and medium-sized technology-based enterprise, in the absence of effective collateral, we obtained a 'tax credit' loan of 1 million yuan from Yulin Branch of Agricultural Bank of China through the 'Bank Tax Interaction' platform, which largely alleviated the problem of enterprise research and development funds," said Lin Aixiang, head of Guangxi Beiliu Shengfengyuan Paper Products Co., Ltd.

Li Mingxiao, Director of the Policy Research Department of the State Administration of Financial Supervision and Administration, said that in terms of supporting scientific and technological innovation, the State Administration of Financial Supervision and Administration issued the Notice on Strengthening the Full Life Cycle Financial Services of Scientific and Technological Enterprises to guide more financial resources to promote scientific and technological innovation. Based on the needs of scientific and technological enterprises in different stages of development, such as the start-up stage, the growth stage, and the mature stage, Targeted provision of diversified financial services. By the end of 2023, the loan balance of high-tech enterprises across the country had increased by 20.2% year on year, of which medium and long-term loans and credit loans accounted for more than 40%.

However, it should also be noted that China's science and technology finance is still in the development stage, and financial support and services for scientific and technological innovation need to be improved. The relevant person in charge of Longwan Rural Commercial Bank within the jurisdiction of Zhejiang Rural Commercial Union Bank said that the bank deepened the use of the "sci-tech innovation index" financing model, granted special credit lines to sci-tech innovation enterprises, and gave preferential policies such as loan term and interest rate, innovated and launched credit products such as "double guarantee sci-tech innovation loans", "sci-tech innovation index loans" and "specialty loans", further invigorated the intangible assets of enterprises, Ease the difficulty of enterprise financing.

Dong Ximiao said that scientific and technological innovation is characterized by high uncertainty, high risk and long return period, which requires more support from "patient capital". However, China's financial system with banks as the main body has a weak matching degree, which is difficult to fully and effectively meet the demand of scientific and technological innovation for financial services. Therefore, in the next stage, it is still necessary to take joint measures to steadily improve the development level and service capacity of science and technology finance. For example, we should vigorously develop direct financing, constantly increase the proportion of scientific and technological innovation and direct financing of scientific and technological enterprises, and support scientific and technological enterprises to obtain more convenient medium and long-term financing.