Department Interpretation | Shandong Province Advanced Manufacturing Investment and Financing Three-Year Action Plan

In recent years, under the strong leadership of the Provincial Party Committee and the Provincial Government, the pace of high-quality development of Shandong Province’s manufacturing industry has been accelerated. On August 29, the Provincial Party Committee and the Provincial Government held a high-level meeting on the construction of a strong province with advanced manufacturing industries. At the meeting, Secretary Li Ganjie emphasized that to build a strong modern socialist province in the new era, the manufacturing industry must first be strong, and it is imperative to accelerate the construction of a strong province with advanced manufacturing. He called for the full implementation of the three-year action plan for a strong province with advanced manufacturing, and issued a plan to accelerate the development of a strong province with advanced manufacturing. The strongest mobilization order to build a strong province with advanced manufacturing industry. In order to conscientiously implement the work arrangements for building a strong province with advanced manufacturing and high-quality development of the private economy, and actively build an integrated comprehensive service system for investment and financing in the field of industry and information technology, the "Three-Year Action Plan for Investment and Financing in Advanced Manufacturing in Shandong Province" was drafted.

　Second Drafting Process

We are carefully summarizing and sorting out national and provincial financial policies and learning from the experiences of other provinces and cities. Based on the practice and listening to the needs and suggestions of relevant municipal bureaus and enterprises, a first draft was formed at the end of July; then some commercial banks, guarantee insurance, investment institutions, financial experts and enterprise representatives were organized to collectively discuss revisions, and a draft for solicitation of opinions was formed in early August; From August 26 to September 10, we solicited opinions and suggestions from the industrial and information departments and departments of Jinan, Yantai, Weihai, Weifang, Tai'an, Linyi, Dezhou and other cities. On October 14, we organized the Provincial Department of Finance and the Local Financial Supervision and Administration Bureau to We worked together with relevant personnel from five departments and offices including the Jinan Branch of the People's Bank of China, Shandong Banking and Insurance Regulatory Bureau, and Shandong Securities Regulatory Bureau to formulate a draft for consultation; on October 16, in accordance with the spirit of the 20th National Congress of the Communist Party of China, we combined the implementation According to the work requirements of the "Opinions of the State Council on Supporting Shandong to Deepen the Conversion of New and Old Growth Drivers to Promote Green, Low-carbon and High-Quality Development" (Guofa [2022] No. 18), the draft of the consultation opinions was revised and a written letter was sent to the provincial finance department on October 20. We solicited opinions from 6 departments including the Department of Finance, the Department of Commerce, the Local Financial Supervision and Administration Bureau, Jinan Branch of the People's Bank of China, Shandong Banking and Insurance Regulatory Bureau, and Shandong Securities Regulatory Bureau. We have absorbed the 24 opinions and suggestions that have been collectively fed back on the basis of full communication and consultation. A consensus was reached to form the "Three-Year Action Plan for Investment and Financing of Advanced Manufacturing Industry in Shandong Province". After research and deliberation at the office meeting of the Provincial Department of Industry and Information Technology, it was issued and implemented on December 15.

　3. Main content

The "Three-Year Action Plan for Investment and Financing of Advanced Manufacturing Industry in Shandong Province" is divided into overall requirements. , main work, key tasks, and safeguard measures.

The first part is "General Requirements", including guiding ideology and basic principles.and work objectives, in accordance with the principles of policy guidance, market operation, service promotion, and benefiting enterprises, select a group of investment and financing institutions inside and outside the province to provide comprehensive services for the financing of advanced manufacturing enterprises in the province, and organize investment and financing every year Provided services to 10,000 enterprises (times), achieving steady growth in manufacturing loans and fund investments.

The second part, "Main Work", is mainly to build a "two databases and one platform" comprehensive service system. The first is to establish an advanced manufacturing financing project library, focusing on the "top ten" industries such as new generation information technology, high-end equipment, new materials, high-end chemicals, modern light industry and textiles, 11 iconic industrial chains, and specialized and new small and medium-sized enterprises. Focus on establishing a project library and implement dynamic management and regular updates. The second is to establish a resource library of high-quality investment and financing institutions. On the basis of the existing 210 institutions for cooperation, 100 more will be added every year, reaching more than 500 by 2025. The third is to establish an advanced manufacturing investment and financing platform, and open seven sections including investment and financing institution database, financing project database, policy inquiry, management training, online demonstration, smart docking, and live lectures, and build three platforms: credit services, fund investment, and listing cultivation. Large system. The fourth is to build an investment and financing docking cooperation service system, adhere to the "five-in-one" policy guidance, information sharing, channel docking, service adaptation, incentives and constraints, tailor-made financial docking plans for enterprises, and provide differentiated precision financing services.

The third part, "Key Tasks", mainly organizes and implements specific work measures. The first is to expand bank credit, focus on credit to expand the scale of credit for technological transformation, solve credit difficulties to expand medium- and long-term and credit loans for the manufacturing industry, focus on credit pain points to innovate technological financial products and services, and unblock credit choke points to improve the service capabilities of small, medium and micro enterprises. The second is to promote fund investment, organize and implement industrial investment docking, strive for the support of large national funds, expand the role of government guidance funds, expand private equity investment channels, organize the "Qilu Qiwu" investment and financing road show, and adopt fund cooperation, direct project investment, and group follow-up. Investment, investment-loan linkage and other methods will empower the “top ten” industries and advanced manufacturing companies. The third is to strengthen guarantee insurance, by improving the financing guarantee service system for small and micro enterprises, enlarging insurance protection and financing credit enhancement, carrying out export credit insurance for foreign trade enterprises, and providing loan renewal support for enterprises in difficulty to expand new opportunities for the development of advanced manufacturing. methods, inject new impetus, and use more financial support measures scientifically. The fourth is to implement listing cultivation, organize and carry out special activities of "Taishan Summit", use manufacturing individual champions, specialized specialties and high-growth enterprises such as gazelles and unicorns as "golden seeds" for listing cultivation, organize enterprises to standardize share reform, Establish specialized and special new boards,Organize precise cultivation and promote listing and financing of enterprises, and cultivate about 60 newly listed enterprises by 2025. The fifth is to promote cooperation between industry and finance, by implementing industrial chain financial services, promoting the diversification of capital financing for core enterprises, supporting mergers, acquisitions and reorganizations and bailout assistance, promoting international industry-investment collaboration, and organizing more investment and financing institutions to focus on industrial chains and industrial clusters. Carry out comprehensive financial services, "go out and bring in, and work together from top to bottom to create new advantages for industrial development."

The fourth part, "Safeguard Measures", is mainly to strengthen organizational leadership and work collaboration, through establishing a work coordination mechanism, pooling high-quality resource cooperation, and implementing policies and measures to promote the construction of The advanced manufacturing investment and financing service system and the construction of a strong advanced manufacturing province have put forward relevant safeguard measures.