◎ Our reporter Wang Yanbin
Recently, Yang Yongsan, the deputy general manager of Shandong Antop Information Technology Co., Ltd., encountered a funding dilemma, and the funding gap of the intelligent project he had high hopes for reached 1 million yuan. However, the annual output value of the company is less than 10 million yuan, and the company lacks sufficient guarantee and collateral, so it is difficult to raise funds.
This situation turned around after Yang Yongsan contacted Shandong Kerongxin Integrated Service Platform (hereinafter referred to as "Kerongxin Platform"). On the platform, once his information was released, it attracted the attention of many banks. Jinan Rural Commercial Bank successfully "scrambled for orders", and 1 million yuan of credit was granted within a week.
The science finance credit platform provides financing for "unsecured and unsecured" enterprises, making "scientific and technological statements" become "financial statements" recognized by financial institutions, which is behind the new model of science and technology finance explored by the Science and Technology Department of Shandong Province.
It is difficult to find a way to finance enterprises
The financing of scientific and technological enterprises is difficult, especially in the start-up stage.
"The common feature of technology-based SMEs is that they are 'light on assets and unsecured', which makes it difficult for them to obtain traditional credit support." Wang Lijie, a senior product manager and special class of science and technology finance in Shandong Branch of Bank of Communications, told reporters, "Their technical fields are narrow, and financial institutions are 'incomprehensible', which makes it difficult to assess their real value."
Cui Liming, Assistant President of Bank of Qingdao Jinan Branch, said that the "death rate" of technology-based SMEs was high, and banks were naturally cautious in the regulatory context of lifelong accountability for loans.
"Obviously, it is a rich mine, but no treasure can be dug out." Sun Haisheng, director of the Science and Technology Department of Shandong Province, said that the characteristics of science and technology enterprises do not naturally match the concept of traditional credit. Often, good enterprises cannot find funds, and funds cannot find good enterprises. He believes that we cannot expect a single department to solve problems, but we should use systematic thinking to do a good job in combining a promising government with an effective market.
"The biggest challenge of scientific and technological innovation is to face risks and uncertainties, and how to overcome the 'valley of death'." Zhang Xiaojing, director of the Institute of Finance of the Chinese Academy of Social Sciences and director of the National Laboratory of Finance and Development, believes that this needs financial system arrangements to help resolve.
"To explore a new model, we need to create a scientific and technological financial ecology that runs through the whole life cycle of technology-based enterprises. Aiming at the needs of enterprises, on the one hand, we need to solve the problem of difficult and expensive financing for enterprises; on the other hand, we need to solve the problem of capital not daring to invest and unwilling to invest." Sun Haisheng said that the policy should link both sides to solve the small problem of early investment that is difficult to adjust in the market.
Turn "ability" into "capital"
The Kerongxin platform is an innovative exploration to create the above ecology.
The early and start-up technology-based enterprises (hereinafter referred to as "early small enterprises") that enter the science finance and credit platform shall be reviewed by the county (district), city and provincial science and technology departments; The Department of Science and Technology of Shandong Province, together with 14 departments, issued new policies, forming "policy rules" unanimously recognized by the government, finance and enterprises; Industry associations and six provincial innovation platform resources participate in "pulse taking" enterprises and provide "physical examination reports"; At the same time, the platform uses the five dimensional big data evaluation model of "scientific and technological innovation, business efficiency, growth potential, comprehensive risk, and social value" to accurately portray enterprises and turn their "skills" into "capital"; In addition, the platform integrates resources such as banks, funds, venture capital and financing to form a "financial supermarket". Enterprises that have passed the platform's "physical examination" are recognized by many financial institutions.
"One of the reasons for the difficulty of enterprise financing is the separation of professional identification, platform system evaluation and diversified risk resolution in the past. This requires policy coordination, multi sectoral cooperation, professional force intervention, and more importantly, the reform and exploration of financial institutions." Yu Hao, director of the Resource Allocation and Management Division of the Science and Technology Department of Shandong Province, said that when credit enhancement, investment, loans, insurance, guarantee After the blocking points of key links such as cultivation are cleared, the power of the platform appears.
At the policy level, Shandong directly faced the problem of financial institutions "not daring to invest in small businesses", raised the provincial and municipal risk compensation ratio ceiling for the principal loss of early small business loans to 90%, and gave enterprises a maximum discount of 500000 yuan; In response to the problem of "unwilling to invest early", Shandong supports about 200 investment linkage projects every year, and ensures that at least 30% of the funds are invested in small and early enterprises
Remove "gold" impurities
As the operator of Kerongxin platform, Li Feng, executive vice president of Shandong Trusted Cloud Research Institute, showed the process of enabling enterprises on the platform to reporters.
When an enterprise submits materials, the platform first conducts a "physical examination". In this process, Shandong provincial innovation and entrepreneurship community or industry "leading" enterprises will demonstrate the technological advancement, maturity, market prospects, etc. of enterprises and draw conclusions. Yu Hao said that this industry identification is a kind of market test and the most direct evaluation of enterprises.
More "tools" are needed for enterprise "physical examination". The five dimensional big data evaluation model mentioned above was developed by Li Feng and his team, which solved the problem that scientific and technological innovation is difficult to "quantify".
Yu Hao stressed that the platform integrates institutional resources such as banks, funds, venture capital, financing and so on, so that all kinds of information of certification enterprises can complement each other and be mutually recognized. On this basis, the platform can also provide one-stop services for enterprises such as financing guarantee, financial steward, listing guidance, etc.
With the initiative of "policy guidance+industry recognition+scientific and technological credit enhancement+financial supermarket", the "financial attributes" of various scientific research elements of enterprises have been excavated to solve the problem of difficult loans for early and small enterprises.
"Small and medium-sized technology-based enterprises are a gold mine, but there are many impurities in it. What we need to do is to remove 'useless information' and filter out the impurities that make people 'incomprehensible', and 'gold' will come out," Yu Hao said.
As of March 20, the platform has served more than 10000 enterprises; 79 financial institutions settled with 146 financial products, with a total credit line of 6.2 billion yuan.
