Anhui Provincial People's Government: Central-local collaboration delivers more "timely rain" to enterprises

Anhui Provincial People's Government Original Link：Central-local collaboration delivers more "timely rain" to enterprises

At the beginning of the new year, the Ministry of Industry and Information Technology announced the "First Batch of Advanced Applicable Technologies List", which includes "high-efficiency and energy-saving permanent magnet flexible transmission equipment and permanent magnet low-speed direct drive motor" from Anhui Wofu Permanent Magnet Technology Co., Ltd.

As a high-tech enterprise and a specialized and innovative "little giant" enterprise, Wofu Permanent Magnet started production in Hefei in 2021 and achieved full production in 2023. The second phase of the factory was put into operation last year, further expanding production capacity. In the view of the company's general manager Wu Jing, the rapid development of the enterprise cannot be separated from the assistance of technological guarantees.

When investing in the second phase production line, there was a lack of funds, but the company had not been established for long and lacked traditional collateral such as factories and land. It was a light asset technology-based enterprise that faced difficulties in obtaining loans, "said Wu Jing. At a loss, the provincial guarantee group took the initiative to come to the company and" endorse "financing for the enterprise." It is precisely because of the help of guarantees that the enterprise successfully raised sufficient project construction funds, allowing technological innovation to be transformed into tangible productivity

Government financing guarantee has the functions of "increasing trust, risk sharing, and intermediary", and is an important policy tool to leverage financial resources to support the development of the real economy. From an international perspective, many countries have established policy based financing guarantee systems and financing guarantee institutions for small and micro enterprises, aimed at alleviating problems such as banks and other financial institutions being "afraid to lend, unwilling to lend, and unable to lend".

It is reported that our province continues to deepen cooperation between the central and local governments with the National Financing Guarantee Fund, and in 2024, the filing business with the National Financing Guarantee Fund exceeded 100 billion yuan for the first time. In 2024, the credit limit of the National Financing Guarantee Fund to our province increased by 26% compared to the beginning of the year, and the cooperation business of the National Financing Guarantee Fund has exceeded 115 billion yuan. The annual business scale has risen from the 5th place in the country in 2023 to the 3rd place, "said the person in charge of the Provincial Guarantee Group.

Government financing guarantee institutions share risks with financial institutions to increase the trust of small and micro enterprises, as well as agricultural and rural businesses, making it easier for these weak links in the real economy to obtain loans, promoting the effective flow of funds and the rational allocation of resources.

In 2024, the Provincial Guarantee Group will carry out re guarantee business of 131.874 billion yuan, serving 126700 market entities, maintaining a high proportion of over 99% in the scale and number of supporting small and agricultural businesses. At the same time, it will cooperate with 103 home and rural areas to upgrade and optimize the "park guarantee", extensively explore the guarantee needs of small and micro financing in the province, continuously iterate and upgrade the "total to total" batch guarantee business model of bank guarantee, and innovate special guarantee products such as technology strong agricultural guarantee.

In July last year, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the State Administration for Financial Regulation formulated a special guarantee plan to support scientific and technological innovation, promoting government financing guarantees to strengthen support for scientific and technological innovation, increasing the risk sharing and compensation of national financing guarantee funds for small and medium-sized enterprises in the field of scientific and technological innovation, and mobilizing more financial resources to invest in the field of scientific and technological innovation.

At present, our province has strived for a registered amount of 11.187 billion yuan for the Science and Technology Innovation Guarantee Program, maintaining the first place in the country and introducing more central financial funds to support the development of new quality productivity.

Endorsing corporate financing with government credit can better solve the financing difficulties of science and technology innovation enterprises. The relevant person in charge of the Provincial Guarantee Group stated that they have connected with the list of over 40000 technology enterprises in the province, and have clearly expanded the scope of re guarantee support for technology enterprises from small and micro enterprises to small and medium-sized enterprises. The maximum amount of single guarantee has been increased from 10 million yuan to 30 million yuan, which will drive banks to inject more financial "vitality" into the field of technological innovation. (Reporter He Ke)