Source: shanghai securities news.

Provide low-cost funds to 2 1 financial institutions and guide them to issue loans to technology enterprises.

According to the news of China People's Bank in official website on April 28th, the People's Bank of China announced the establishment of a scientific and technological innovation refinancing with a quota of 200 billion yuan, an interest rate of 1.75% and a term of 1 year, which can be extended twice.

The relevant person in charge of the People's Bank of China said that the People's Bank of China provides low-cost funds to financial institutions through scientific and technological innovation refinancing, guides financial institutions to issue loans to scientific and technological enterprises on the premise of making independent decisions and taking risks at their own risk, and incites social funds to promote scientific and technological innovation.

It is understood that the scope of scientific and technological innovation refinancing support includes scientific and technological enterprises such as "high-tech enterprises", "specialized and innovative" small and medium-sized enterprises, national technological innovation demonstration enterprises, and single champion enterprises in manufacturing industry, giving priority to enterprises participating in national scientific and technological projects, national manufacturing innovation center, national specialized and innovative "little giant" enterprises, leading enterprises in the upstream and downstream of national key industrial chains and key support enterprises, enterprises participating in the establishment of innovation base platforms and enterprises in national science and technology parks.

The technology-based enterprises that are specifically supported are identified according to the current standards of the Ministry of Science and Technology and the Ministry of Industry and Information Technology, and are pushed to financial institutions by the Ministry of Science and Technology and the Ministry of Industry and Information Technology through the national scientific and technological innovation and entrepreneurship data platform and the national industrial integration platform.

The objects of scientific and technological innovation refinancing include ***2 1 China Development Bank, policy banks, state-owned commercial banks, China Postal Savings Bank, joint-stock commercial banks and other financial institutions, and financial support is given according to 60% of the loan principal of qualified scientific and technological enterprises issued by financial institutions.

Regarding the implementation of science and technology innovation refinancing, the relevant person in charge of the People's Bank of China said that the science and technology innovation refinancing adopts the direct mechanism of "lending first and then lending" and is distributed quarterly. Within the scope of support, 60% of the principal of science and technology enterprises with a term of six months or more will be given scientific and technological innovation refinancing funds.

Since April 1 2022, financial institutions have applied to the People's Bank of China for re-lending funds for scientific and technological innovation in the first month of the next quarter after granting loans to qualified scientific and technological enterprises in accordance with the principle of marketization. For eligible loans, the People's Bank of China provides re-lending funds for scientific and technological innovation.

In addition, Changsha Central Sub-branch of the People's Bank of China led four departments to issue "Several Measures on Further Strengthening Services in technology and finance", set up a special rediscount quota of 654.38+0 billion yuan for scientific and technological innovation refinancing, implemented "four excellent services" for preferential acceptance, examination and approval of scientific and technological credit, optimized assessment, and increased support for scientific and technological innovation credit loans, initial loans and renewal loans.

Dong Ximiao, chief researcher of Zhaolian Finance, said that the establishment of refinancing to support scientific and technological innovation will guide and encourage financial institutions to increase targeted support in the field of scientific and technological innovation, improve the accuracy and directness of monetary policy, better promote scientific and technological innovation in financial services, and enhance China's scientific and technological independent innovation capability.

Editor in charge of error correction: Rui Liu _

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