In order to thoroughly implement the spirit of the Central Financial Work Conference, in accordance with the requirements of the provincial party committee's financial work conference deployment, to guide the banking financial institutions to increase support for scientific and technological innovation, to crack the financing difficulties of scientific and technological innovation enterprises, the problem of financing is difficult and expensive, to help accelerate the development of enterprises, and to promote the high level of scientific and technological self-reliance and self-improvement, it was decided to implement the policy of subsidized interest for the first loan of scientific and technological innovation enterprises (referred to as subsidized loan). It has been decided to implement the policy of subsidizing the first loan of enterprises (referred to as subsidized loan). The relevant matters are notified as follows:
Objects of support
High-tech enterprises, science and technology-based small and medium-sized enterprises (SMEs), innovative leading enterprises, "specialized, special and new" enterprises, and innovative SMEs within the scope of Jiangsu Province. "enterprises, innovative small and medium-sized enterprises. Specific enterprises are subject to the latest list announced by the Provincial Science and Technology Department and the Provincial Department of Industry and Information Technology respectively.
Two, loan amount, interest rate and term
Subsidized loans totaling 20 billion yuan, with a maximum single-family loan amount of 20 million yuan. The interest rate of the loan does not exceed the loan market quotation rate (LPR) +50 BP applicable at the time of loan disbursement, and the loan must be the first loan (the applicant enterprise has no previous loan record in the credit system of the People's Bank of China). The disbursement date should be no later than December 2025. First-come-first-served, while stocks last. Banks are encouraged to issue credit loans, medium- and long-term loans, and favor start-ups, small and micro enterprises, private enterprises, and "hard science and technology" enterprises in the science and technology innovation enterprises.
Third, the loan bank
based on the provincial financial launch of the "government and bank products" cooperation, to determine the scope of the bank to issue subsidized loans include: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, Postal Savings Bank, CITIC Bank, Huaxia Bank, Pudong Development Bank, China Merchants Bank, Guangfa Bank, Everbright Bank, Minsheng Bank, Ping'an Bank, Industrial Bank, Hengfeng Bank, Zheshang Bank, Bohai Bank, Bank of Shanghai, Bank of Ningbo, Bank of Beijing and other provincial branches, as well as the Bank of Jiangsu, Bank of Nanjing, Bank of Suzhou, and the Jiangsu Agricultural Credit System. Bank of Jiangsu, Bank of Nanjing, Bank of Suzhou and Jiangsu Agricultural Credit System and other legalized banks in the province. The list of participating banks will be adjusted in due course according to the needs of the work.
Four, operating procedures
Subsidized loans through the provincial inclusive financial development risk compensation fund service platform online application (website: www.jsphjr.com), eligible enterprises in the service platform login and register. After registering on the service platform, click "I want to loan" - "science and technology innovation enterprise subsidized interest loan", and fill in and apply according to the prompt requirements. The time for banks to scrutinize loans, grant credits and disburse funds shall not be earlier than the time when the relevant enterprises apply for subsidized interest loans on the service platform. Banks shall register and record the information on disbursement of subsidized interest loans in this service platform in a timely manner, and shall update the information on loans on the service platform within five working days in case of early repayment of loans, occurrence of delinquency and normal settlement. The total size of the disbursement reaches 20 billion yuan, the service platform will stop accepting bank disbursement registration record.
V. Loan subsidies
Provincial finance on eligible loans, to give the loan amount of 1% of the annualized interest rate subsidy, the subsidy period of up to two years, and does not exceed the loan period. For renewal, extension, overdue loans, since the date of renewal, extension, overdue no longer subsidized interest. Loans supported by other subsidized interest rate policies of the provincial government shall not apply for and enjoy this subsidized interest rate policy repeatedly.
Sixth, free of application to enjoy
Subsidized funds are first pre-allocated, and then settled. Provincial Department of Finance, according to the bank subsidized loan issuance, phased preallocation to the bank's provincial bank (including the province's corporate bank head office, the provincial agricultural credit union), to be the policy expires, relying on the service platform data and combined with the bank's written report on the unified audit and settlement. The implementation of the application-free mechanism, the bank in the issuance of subsidized loans, should be agreed with the enterprise in the loan contract, the enterprise to enjoy the financial subsidy policy during the period of the provincial financial subsidy of 1 percentage point, and in the collection of interest from the provincial Department of Finance pre-allocated subsidy funds directly deducted from the financial subsidy, the enterprise does not need to advance the financial subsidy.
VII. Incentive support
Provincial finance on the credit method of issuance (without collateral, pledge, guarantee, third-party guarantees, third-party credit enhancement, financial risk sharing or risk compensation and other measures), the actual use of the loan period of not shorter than one year of subsidized loans, according to the loan, the actual use of the loan period of not less than one year. One year of subsidized loans, in accordance with the loan amount of 1‰ to the lending bank a one-time incentive (for investment in Suzhong, North Jiangsu, the incentive standards were floated up 15% and 30%), the policy expires after the unified review of the disbursement. Provincial party committee financial office in due course will carry out the work of subsidized loans into the evaluation of the effectiveness of banking institutions to serve the real economy. Jiangsu branch of the People's Bank of China to coordinate the use of re-lending and re-discounting policies to support the lending banks. The State Financial Supervision and Administration Bureau of Jiangsu Province will include the work of subsidized loans in the province's financial services advanced unit selection reference factors.
VIII. Negative List
(a) Enterprises should use the subsidized interest loans for normal production and operation activities, not for repayment of other debts of the enterprise, and not for arbitrage activities such as financial investment, wealth management, and investment in projects prohibited and restricted by the national industrial policy. Industrial policy prohibits and restricts the project.
(2) subsidized loans for borrowing enterprises and their actual controllers in the loan credit in one of the following circumstances, not to support: the current period of overdue loans have not been repaid; was included in the People's Court list of executives with no credit; the enterprise EIA credit rating results in the red (including) the following; the tax credit rating of D level.
(3) Enterprises and banks shall not falsely report, fraudulently claim, retain, squeeze, or misappropriate the subsidized interest funds and incentive funds. Due to illegal operation caused by the subsidized interest funds and incentive funds were taken, fraud, etc., the bank is responsible for recovering the funds.
Nine, the requirements
(a) Increase the policy publicity. Encourage localities and relevant departments to actively carry out publicity and promotion of subsidized loan policies to help enterprises obtain loan support.
(ii) Implementation of credit commitment. Enterprises applying for subsidized loans should make a written commitment to the bank to comply with the relevant conditions of the subsidized loans (see annex for the template of the commitment letter), and should use the loans in accordance with the provisions of the loan after obtaining the loan. At the same time, must agree to authorize the service platform query comparison enterprise credit information.
(c) Accelerate loan placement. Banks should implement the responsibility of loan review, according to market-oriented principles of subsidized loan applications for strict approval, from the fast release. In the loan disbursement should query the enterprise credit information, to ensure compliance with the requirements of the first loan. Application information should be simplified, the loan review process should be optimized, and the efficiency of disbursement should be improved, while the post-loan management should be done to prevent the loan from being used in violation of the law. Encourage banks to develop and implement due diligence exemption, green channel and other supporting measures under the guidance of subsidized loan policies to increase support for key enterprises.
(d) Strengthen regulatory oversight. The State Financial Supervision and Administration Bureau of Jiangsu Province, the regulatory branch to strengthen the daily supervision, supervise the handling of the bank to strictly audit the use of subsidized loans, strengthen the management of the loan. The municipal and county finance departments with the provincial financial loan subsidies and award funds for the audit and settlement and post-supervision, to promote the implementation of the policy norms landing.
