Structural monetary policy tools have once again become the "main force" in financial support for the real economy. 200 billion quota, providing low-cost funds to 21 financial institutions. On April 28, technological innovation refinancing declined, and the market responded strongly.
In the view of industry experts, the establishment of scientific and technological innovation re-lending has become a new fulcrum to leverage professional innovation, fully reflecting the timeliness, innovation, accuracy, adaptability and effectiveness of the policy.
Low-cost funds add strength to banks.
The relatively low cost of funds is a major feature of refinancing. From a market perspective, the establishment of technological innovation refinancing will help reduce the liability costs of financial institutions, thereby increasing banks' motivation to support technological innovation enterprises.
Technology companies, especially small and medium-sized technology companies, are an important force in promoting innovation-driven development. They generally have the attributes of light assets, high investment, and high risk. The higher risk cost is reflected in the pricing of bank financial management, which is often unbearable for enterprises.
In the view of Dai Shihong, head of the Customer Service Management Department of the Export-Import Bank of China, the establishment of science and technology innovation re-lending by the People's Bank of China will help guide financial institutions to increase support for science and technology innovation enterprises and leverage social funds to promote science and technology. Innovate to solve the financing problems of technology companies and realize a virtuous cycle of technology, industry and finance. He said that the Export-Import Bank will make full use of the central bank's scientific and technological innovation re-loan funds to support technology-based enterprises to increase investment in research and development; d investment, breakthroughs in key core technologies, accelerate the pace of "going global", and enhance the supply of "Made in China" in the global industrial chain Competitiveness and influence in the chain innovation chain.
The relevant person in charge of the Financial Business Department of the Industrial and Commercial Bank of China said that as one of the implementation units, the bank will play the leading role of the "head goose" of the state-owned large banks, continuously optimize the allocation of financial resources, and inject stronger power into technological innovation. financial power to promote the realization of high-level scientific and technological independence with high-quality financial services.
Jiang, director of the Business Department of China Construction Bank, said that technology-based enterprises are the most active force in technological innovation. Through the establishment of scientific and technological innovation re-loans, we will focus on supporting the development of high-tech enterprises, small and medium-sized enterprises that are good at special innovation, national technological innovation demonstration enterprises, and individual champion enterprises in the manufacturing industry. It can effectively play the important role of structural monetary policy tools, achieve precise drip irrigation in key areas of scientific and technological innovation, further strengthen the innovation subject status of scientific and technological enterprises, and effectively promote the innovation chain, industrial chain and capital chain.
Aiming at the "bottleneck" problem of technology companies
Since this year, structural monetary policy tools have been frequently implemented, angering financial support entities.
On April 18, the National Video and Telephone Conference on Ensuring Logistics Smoothness and Promoting the Stability of Industrial and Supply Chains proposed to leverage 1 trillion yuan through 200 billion yuan of scientific and technological innovation re-loans and 100 billion yuan of transportation and logistics re-loans. Funds; on the 18th, the People's Bank of China stated that it would make good use of small loans to support agriculture and two carbon reduction tools, accelerate re-loans of 100 billion yuan to the transportation and logistics field, increase re-loans of 200 billion yuan for scientific and technological innovation, and re-loans for inclusive pensions. 40 billion yuan, and it is expected that new financial institution loans will be 1 trillion yuan.
First of all, the establishment of scientific and technological innovation refinancing reflects the timeliness of the policy. Yin, director of the Special Service Division of the Small and Medium Enterprise Development Promotion Center of the Ministry of Industry and Information Technology, believes that under the current economic situation, technology-based enterprises
Lv, member of the Standing Committee of the National People's Congress and researcher at the Innovation and Development Research Department of the Development Research Center of the State Council Wei said that technological innovation re-lending is an innovative monetary policy tool that can help guide social funds to support technological innovation and alleviate the problem of difficult and expensive financing for technological innovation enterprises.
In addition, the establishment of scientific and technological innovation refinancing is also a reflection of the precision of the policy. Judging from the scope of support for technological innovation re-loans, it includes "high-tech enterprises", "small and medium-sized enterprises with expertise and innovation", national technological innovation demonstration enterprises, individual champion enterprises in the manufacturing industry and other technological enterprises. Priority will be given to enterprises participating in national science and technology projects, national manufacturing innovation centers, national "little giant" enterprises with expertise and innovation capabilities, leading enterprises in national key industrial chains and key upstream and downstream supporting enterprises, enterprises participating in the establishment of innovation base platforms, National Science and Technology Park Enterprise.
Innovation-driven "specialized innovation" enterprises have "high R&D; d, low income, high technology, light assets, high potential, light market". With the investment cycle of Long R & It is predicted that financing channels are limited and financing methods are single.
Yin said that refinancing guides the flow of financial resources into areas such as scientific research and development and technological transformation. And focus on supporting individual champion enterprises, small and medium-sized enterprises specializing in special innovation, etc. This enables resource aggregation.
Guo Rong, deputy director of the China Academy of Science and Technology Development Strategies, said that the technology re-lending launched by the central bank is a major breakthrough in my country's monetary policy tools, guiding financial institutions to make precise decisions at the key node of the integration of technology and industry. Strength, truly build a basic mechanism for a virtuous cycle of interaction between the industrial chain, innovation chain, and capital chain, effectively improving the financing environment for technology enterprise groups, and greatly enhancing and mobilizing the expectations and confidence of innovation and entrepreneurship across the country.
In terms of policy effects, Yin said that the 200 billion yuan re-loan scale and the 1.75% re-loan interest rate can effectively reduce corporate financing costs and increase the proportion of R&D investment. Corporate investment. The innovative re-lending policy is based on financial construction, serves the needs of enterprises, promotes industrial development, reflects policy coordination, supports the innovative development of enterprises, helps stimulate the innovation vitality of enterprises, and enhances the independent innovation capabilities of enterprises. For the vast number of “specialized and innovative” enterprises, this is undoubtedly a timely rain. Related questions and answers: