Provincial official media reports: Wofu Permanent Magnet, as a representative of innovative forces in financial incubation science, showcases its charm again!

To implement the spirit of the 20th National Congress of the Communist Party of China, the Provincial Party Committee Financial Work Symposium proposed to firmly strengthen the financial industry. Currently, Anhui is focusing on three major tasks: serving the real economy, preventing and controlling financial risks, and deepening financial reform. It is actively breaking through the difficulties and blockages of both financing parties, promoting the deep integration of the industrial chain and the capital chain, and using high-quality financial services to promote the high-quality development of the province.

Anhui Wofu Permanent Magnet Company, located in Hefei, is a technology-based enterprise specializing in high-end equipment manufacturing, research and development, and production. With the completion and operation of the first phase of the factory building, the company is also accelerating the construction of the second phase project and research and development base, and further increasing its capital investment. Thanks to the ten emerging industry guidance funds established by Anhui Province, they have reached a cooperation agreement with Hefei High tech Venture Capital Management Company.

Wu Jing, General Manager of Anhui Wofu Permanent Magnet Technology Co., Ltd

Led by Hefei High tech Venture Capital, we have invested 20 million yuan in an early Series A investment and raised 50 million yuan in Series B financing, both of which have been fully implemented.

Yang Ming, General Manager of Hefei High tech Venture Capital Management Partnership Enterprise (Limited Partnership)

We work closely with funds, guarantees, securities, financial leasing and other units to provide assistance to science and technology innovation enterprises.

In order to help more attracting enterprises meet their financing needs, Anhui has actively played the role of fund project capture, information connectivity, resource integration and other investment promotion in the past year, empowering the "dual recruitment and dual attraction" of the top ten emerging industries.

He Yi, Director of the Anhui Provincial Local Financial Supervision and Administration Bureau

We are currently building a jungle of doubled government guided funds, creating a good capital ecosystem, attracting capital investment from outside Anhui, and at the same time, we also need to create some very good platforms for capital aggregation.

While effectively leveraging capital to promote industrial agglomeration and upgrading, Anhui also guides financial institutions such as banks and insurance to establish a "five entry" work mechanism that goes directly to the grassroots level, such as entering parks and communities. Currently, 3.916 million market entities have been visited, and 339000 financing problems have been solved.

Mao Ruifeng, Deputy Director of the Currency and Credit Management Department of the People's Bank of China Hefei Center Branch

This year's government work report proposes to improve the long-term mechanism of financing assistance for enterprises and convenient services for the people. We will deeply implement a package of policies to stabilize the economy, promote stable growth of financial aggregate, and continuously optimize the credit structure.

As of the end of December 2022, the balance of various RMB loans in the province was 6704.84 billion yuan, a year-on-year increase of 15.3%, an increase of 2.43 percentage points compared to the same period last year, ranking first in the country in terms of growth rate; In 2022, the total new loans exceeded 880 billion yuan, setting a new historical high.

Zhou Jialong, Secretary of the Party Committee and Director of Anhui Banking and Insurance Regulatory Bureau

We will closely focus on supporting the high-quality development of the real economy, maintain reasonable allocation of financial resources, innovate financial products and service models, and continuously shape new advantages and driving forces for economic development.