Chapter 1  General Provisions

 

Article 1 In order to boost the construction of the Western (Chongqing) Science City, to increase the financial support for small and medium-sized micro-enterprises (SMMEs), and to promote the healthy and rapid development of SMMEs. According to the "General Office of the Chongqing Municipal People's Government on strengthening the financial linkage to support the development of the real economy notice" (Yufufu Banfa [2022] 81), "Chongqing Municipal Bureau of Finance on the issuance of the further play the role of governmental financing guarantees to help the development of a number of measures to alleviate the difficulties of the market hosts notice" (Yufu financial regulation [2023] 1) relevant requirements, combined with the actual work of the Chongqing High-tech Zone, the development of this approach. The company's credit line is a kind of working capital loan, which is supported by the cooperative guarantee institution and the cooperative bank according to the development level of the enterprise.

Article 3: The competent unit of "Science and Technology Enterprises Gradient Loan" is Chongqing Hi-tech Industrial Development Zone Administrative Committee (hereinafter referred to as Chongqing Hi-tech Industrial Development Zone Administrative Committee), and the business operator is Chongqing Hi-tech Zone Innovation Service Center (hereinafter referred to as the Innovation Service Center), which is specifically responsible for "Science and Technology Enterprises Gradient Loan". The Innovation Service Center of Chongqing Hi-Tech Zone (hereinafter referred to as the Innovation Service Center) is specifically responsible for the daily operation and management of "Science and Enterprise Gradient Loan" and the management of the risk compensation fund.

Article 4: "Science and Enterprise Gradient Loan" follows the principle of "financial support, risk-sharing, multi-win" to provide loan funds for enterprises, and when the loan is overdue, the cooperative guarantee institution and the cooperative bank will provide the loan funds in accordance with the principle of 8 to 10 percent of the loan amount. When the loan is overdue, the cooperative guarantee institution and the cooperative bank will share the risk according to the ratio of 8:2, and the specific scope of sharing shall be subject to the agreement between the cooperative guarantee institution and the cooperative bank. The specific scope of sharing shall be subject to the agreement between the cooperative guarantee institution and the cooperative bank. The risk part of the cooperative guarantee institution shall be compensated by the administrative committee of Chongqing Hi-tech Zone according to the risk of 20% of the loan principal.

 

Chapter II  Risk Compensation

 

Article 5: Risk Compensation for Enterprises Obtaining "Science and Technology Enterprise Gradient Loan The risk compensation fund is used to provide a prescribed proportion of risk compensation for the overdue loan principal of the "Science and Enterprise Gradient Loan", and to provide compensation for the prescribed difference in the guarantee fee of the "Science and Enterprise Gradient Loan". When the balance of the risk compensation is less than 5% of the loan balance of "Science and Enterprise Gradient Loan", the Innovation Service Center will report to the Administrative Committee of Chongqing Hi-Tech Zone for capital increase according to the operation situation.

Article 6 The risk compensation fund shall be managed by the Innovation Service Center by opening a special account in the cooperative bank. Except for the application of the cooperative guarantee institution, the confirmation of the Innovation Service Center, and the agreement of the leaders in charge of the management committee of Chongqing Hi-Tech Zone to use the fund for the compensation of overdue loan principal and guarantee fee of "Science and Enterprise Gradient Loan", the fund in the account shall not be withdrawn and used, and the interest earned from the risk compensation fund shall be included in the scope of the use of the risk compensation fund. The fruits of the risk compensation shall be included in the scope of the use of the risk compensation. After the termination of the business cooperation of "Science and Enterprise Gradient Loan" and the settlement of the loan principal and interest of all the lending enterprises or the completion of the risk compensation of Chongqing Hi-Tech Zone Administrative Committee for the loan project, the Innovation Service Center will be responsible for the disposal of the funds in the account.

 

Chapter III  Cooperative Institutions

 

Article 7: Cooperative guarantee institutions must have the following basic conditions:

(1) A legal entity established in accordance with the law, with the qualification to engage in financial guarantee business;

(2) Recognizing the present Measures and the evaluation standards for science and technology enterprises, high-tech enterprises, high-growth science and technology enterprises, and high-capacity leading enterprises;

(c) have a sound organizational structure, internal management system and risk control system.

Cooperative guarantee institutions are required to sign a cooperation agreement with the Administrative Committee of Chongqing Hi-Tech Zone, specifying the rights and obligations of both parties. The cooperative guarantee institutions are responsible for providing loan guarantees for enterprises that meet the entry requirements, assuming responsibility in accordance with the risk-sharing ratio, and fulfilling the guarantee obligations for overdue loans. The cooperative guarantee institution shall not be negligent in exercising the right of recovery and expanding the amount of risk compensation compensation.

Article 8 The cooperative banking institutions must have the following basic conditions:

(a) the head office of the local banking corporation in Chongqing Municipality and the municipal branch of the non-local banking corporation;

(b) the head office of the local banking corporation in Chongqing Municipality and the municipal branch of the non-local banking corporation;

(ii) Recognize the Measures and the evaluation standards for technology-based enterprises, high-tech enterprises, high-growth technology enterprises, and high-capacity leading enterprises;

(iii) Have a sound organizational structure, internal management system and risk control system.

Cooperative banks are required to sign a cooperation agreement with the Administrative Committee of Chongqing Hi-Tech Zone to specify the rights and obligations of both parties. Cooperative banking institutions are responsible for providing loan funds for enterprises that meet the entry requirements, and in accordance with the risk-sharing responsibility, due diligence in recovering overdue loans. Cooperative banking institutions shall not be negligent in the exercise of claims, the right to recover and expand the amount of risk compensation compensation.

 

Chapter IV  Loan Enterprises

 

Article IX Application for loans enterprises must have the following basic conditions:

(1) Registered in accordance with the law and legally existing, and interested in contributing to the economic development of Chongqing Hi-Tech Zone;

(2) have been enrolled in Chongqing Science and Technology Enterprises System;

(c) can truthfully provide information to cooperate with the cooperative bank to carry out due diligence, to meet the credit access requirements of the cooperative bank.

 

Chapter V  Loan Amount, Term, Interest Rate and Repayment Methods

 

Article X. In accordance with the science and technology-based enterprises, high-tech enterprises, High-growth science and technology enterprises, high-energy leading enterprises, respectively, to provide a maximum of 300, 500, 10, 20 million yuan credit limit, the specific amount can be based on the qualifications of the enterprise and the actual operating conditions of the cooperative banks, guarantee institutions to determine their own.

Article 11 The term of the loan shall be agreed between the enterprise and the cooperative bank and the cooperative guarantee institution, and in principle shall not exceed one year.

Article 12 The preferential interest rate given by the cooperative banks to the "Science and Enterprise Gradient Loan" shall, in principle, be in accordance with the quoted market interest rate (LPR) during the same period, and can be dynamically adjusted according to the interest rate policy and the qualifications of the lending enterprises, with the maximum increase not exceeding 50 basis points. The maximum increase will not exceed 50 basis points.

Article XIII of the cooperative guarantee institutions to provide loan guarantees for "science and enterprise gradient loan", the maximum annualized guarantee fee rate for science and technology enterprises, high-tech enterprises does not exceed 0.8%, the annualized guarantee fee rate for high-growth scientific and technological enterprises, high-capability leading enterprises The maximum annualized guarantee fee rate for high-growth science and technology enterprises and high-energy leading enterprises shall not exceed 0.5%. Among them, the applicant enterprises shall bear the annualized guarantee fee rate of 0.2%, and the difference shall be applied to the Administrative Committee of Chongqing Hi-Tech Zone by the cooperative guarantee institution before March 31st every year for the compensation of the guarantee fee of the previous year's "Science and Technology Enterprises Gradient Loan".

Article 14 The repayment method of the loan shall be agreed between the enterprise and the cooperative bank.

 

Chapter VI  Procedures for Loans, Risk Compensation, and Recovery

 

Article XV: The procedures for loans are as follows:

(a) Application. Enterprises submit loan application materials to the cooperative bank.

(2) Approval. Cooperative banks, cooperative guarantee institutions accept enterprise loan applications, in accordance with the provisions of due diligence, the application should be issued within 20 working days for approval.

(c) Signing the contract. Enterprises that have passed the loan approval sign loan contracts and guarantee contracts with cooperative banks and cooperative guarantee institutions.

(4) Loan disbursement. The cooperative bank disburses the loan funds after the contract comes into effect.

Article 16 The risk compensation procedures are as follows:

(i) Due diligence collection. Within 5 working days after the loan principal and interest are overdue, the cooperative bank starts the collection work and notifies the innovation service center and cooperative guarantee institution in writing.

(ii) Repayment. Cooperative banks, after due diligence collection, the overdue loan over the agreed time limit is still not fully recovered, you can apply to the cooperative guarantee agency overdue loans on behalf of the application. Cooperative guarantee institutions in accordance with the risk-sharing agreement on overdue loans to pay.

(c) Risk compensation. After the cooperative guarantee institution completes the compensation according to the risk sharing agreement, it can submit a risk compensation application in writing to the administrative committee of Chongqing Hi-Tech Zone. The Innovation Service Center verifies and confirms the application and submits it to Chongqing Hi-tech Zone Administrative Committee for approval by the leaders in charge, and then gives risk compensation to the share of Chongqing Hi-tech Zone Administrative Committee after approval.

When the funds in the risk compensation account are insufficient, the Innovation Service Center will submit the risk compensation capital increase plan to the Administrative Committee of Chongqing Hi-Tech Zone, and fulfill the compensation obligation according to the agreement with the cooperative guarantee institution and cooperative bank.

Article 17 The recovery procedures are as follows:

(1) Recovery. When the loan is overdue, the cooperative guarantee institution and the cooperative bank shall each be responsible for debt recovery according to law, and the Innovation Service Center shall provide necessary assistance. Cooperative guarantee institutions, cooperative banks should be June 1 each year to the Innovation Service Center to truthfully report the recovery situation and progress report.

(ii) return the compensation share. The funds recovered by the cooperative guarantee institution will be returned to the Innovation Service Center in accordance with the risk compensation ratio of Chongqing Hi-Tech Zone Administrative Committee after deducting the cost of recovery, and will be transferred to the risk compensation account for use.

 

Chapter VII  Risk Control

 

Article XVIII of the cooperative bank to issue the "science and enterprise gradient loan "Establishment of warning and melting mechanism.

(1) Warning mechanism. If the total amount of risk compensation generated from the loan business of a single cooperative bank in a year reaches 10% of the initial size of the risk compensation, the Innovation Service Center will issue a notice to the cooperative guarantee institution and the cooperative bank to warn them, and the cooperative bank should be prudent in adding new "science and enterprise gradient loans" and strengthen the management of the loan.

(ii) Meltdown mechanism. If the total amount of risk compensation generated from the loan business of a single cooperative bank in a year reaches 20% of the initial size of the risk compensation, the Innovation Service Center will issue a notice to the cooperative guarantee institution and the cooperative bank to melt down, and the cooperative bank should suspend the issuance of "science and enterprise gradient loan". Before the meltdown, the risk compensation fund will continue to fulfill the risk compensation responsibility for the enterprises that have already obtained the loans; after the meltdown, the new loans will be issued by the cooperative bank at its own risk.

In the event of a meltdown, after recovery, the actual amount of risk compensation is less than 10% of the initial size of the risk compensation fund, the Innovation Service Center will verify and report to the Chongqing Hi-Tech Zone Management Committee for the approval of the leadership of the management of the bank, and then the cooperative bank can continue to issue the "Science and Technology Enterprises Gradient Loan".

Article 19 When one of the following situations occurs, the Innovation Service Center shall be responsible for drawing up a liquidation plan for the risk compensation fund after consensus with the cooperative institution and submit it to Chongqing Hi-Tech Zone Management Committee for approval before implementation:

(a) The cooperative institution does not actually carry out the "science and technology enterprise gradient loan". (a) the cooperative organization has not actually carried out the business of "Science and Enterprise Gradient Loan" for more than 2 years;

(b) it can not be continued due to the policy adjustment;

(c) other force majeure reasons.

 

Chapter VIII Supervision and Management

 

Article 20: Chongqing Hi-Tech Zone Administrative Committee shall strengthen management, supervision and management of the work of the "Science and Technology Enterprise Gradient Loan". The management and supervision of the work of "science and technology enterprise gradient loan" is strengthened by the administrative committee of Chongqing high-tech zone, and the innovation service center informs the use of the loan and risk compensation fund regularly or irregularly. Cooperative institutions summarize the work experience in a timely manner to improve the quality of lending approval and approval efficiency.

Article 21 Innovation service centers and cooperative institutions to strengthen day-to-day management and risk prevention and control, consciously accept social supervision, urge the staff to strictly abide by the rules and regulations, fairness and impartiality, integrity and self-discipline, diligence and responsibility. If it is reported and confirmed that there is favoritism, abuse of power, dereliction of duty, bribery, etc., or the risk of loss is not reported in time and corresponding risk prevention and control measures are not taken leading to the expansion of losses, the case will be dealt with in accordance with the relevant provisions. If you are suspected of committing a crime, you will be sent to the judicial authorities for treatment according to the law.

Article 22 Enterprises that provide false information to obtain the "Science and Enterprise Gradient Loan" or fail to repay the "Science and Enterprise Gradient Loan" in full six months after the expiration date are not entitled to the support of relevant financial funds of Chongqing Hi-Tech Zone. Chongqing Hi-Tech Zone will not be able to enjoy the support of relevant financial funds. If you are suspected of committing a crime, you will be sent to the judicial authorities for treatment according to the law.

 

Chapter IX  By-laws

 

Article 23 These Measures shall be interpreted by the Administrative Committee of Chongqing Hi-tech Zone.

Article 24 These Measures shall come into force 30 days after the date of publication, and the former Chongqing Hi-Tech Zone "Science and Technology Enterprise Gradient Loan" Management Measures (Chongqing Hi-Tech Development [2023] No. 7) shall be repealed at the same time. Loan projects that have been issued before the implementation of these measures shall be implemented in accordance with the original measures.