Original Title: Notice from the Shandong Provincial Department of Industry and Information Technology on Issuing the "Implementation Plan for Coordinated Efforts to Strengthen Industry-Finance Collaboration and Promote High-Quality Development of Industry and Information Technology"
To thoroughly implement the decisions and arrangements of the Provincial Party Committee and Provincial Government regarding intensifying and accelerating the high-quality development of the industrial economy, to further strengthen the coordinated management of financial support for the development of industry and information technology, and to mobilize more high-quality financial resources to support the high-quality development of the manufacturing economy, the digital economy, and the private economy, the following implementation plan has been formulated.
I. General Requirements
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will fully implement the spirit of the 20th National Congress of the Communist Party of China and earnestly carry out General Secretary Xi Jinping’s important instructions regarding Shandong’s work to “take the lead and achieve comprehensive innovation.” We will seize the major strategic opportunities presented by national support for Shandong to deepen the transformation of old and new growth drivers and promote green, low-carbon, and high-quality development. We will focus on the “Ten Key Industries,” landmark industrial chains, leading projects in key sectors, tiered cultivation projects for high-growth enterprises, as well as projects for fostering listings and supporting innovation and entrepreneurship growth,innovate financial service models, implement seven major special initiatives, enhance the effectiveness of targeted financial services, accelerate the deep integration of advanced manufacturing and modern financial services, and better leverage the role of finance in supporting the high-quality development of our province’s industry and information technology.
II. Establishing a “Two Databases and One Platform” Financial Service System
(1) Establish a Database of Key Financing Projects. By integrating project resources across the department, we will establish a database covering investment and financing projects in the manufacturing economy, digital economy, and private sector. By the end of 2023, we aim to have over 30,000 enterprise projects included in the database.
1. Projects for Upgrading the “Top Ten” Industries. Focusing on the province’s “Top Ten” industries and industrial enterprises above designated size, we will solicit financing needs for major projects, primarily provincial key technical transformation projects and industrial upgrading projects in sectors such as next-generation information technology, high-end equipment, new materials, high-end chemicals, and modern light industry and textiles.
2. Leading Projects in Key Industries. Focusing on leading enterprises in key industries, anchor enterprises of the 11 flagship industrial chains, and core leading enterprises within advanced manufacturing clusters, specialty industrial clusters, and industrial parks, we will solicit financing needs for industry-finance collaboration.
3. High-Growth Incubation Projects. Focusing on enterprises recognized by national and provincial authorities as “Specialized, Refined, Unique, and Innovative” (SRUI), “Gazelle” enterprises, “Unicorn” enterprises, “Manufacturing Single-Champions,” and “Manufacturing Pioneer Enterprises,” this initiative solicits financing needs for technology-driven financial innovation.
4. IPO Cultivation and Equity Investment Projects. Focusing on enterprises in the IPO cultivation pool, enterprises listed on the "Specialized, Refined, Unique, and Innovative" (SRUI) board, and enterprises receiving equity investments from provincial fiscal funds, we are soliciting financing needs related to IPO cultivation, equity investment, and investment-loan linkage.
5. Innovation and Entrepreneurship Cultivation and Growth Projects. Focusing on winning projects and enterprises from the provincial “Maker China” Innovation and Entrepreneurship Competition, enterprises incubated in innovation and entrepreneurship bases, and innovative small and medium-sized enterprises, this initiative solicits financing needs from start-ups and growing enterprises.
(II) Establish a Database of Investment and Financing Institutions. Aggregate various investment resources and establish a database of high-quality investment and financing institutions based on the characteristics of different organizations. In 2023, select and include more than 300 high-quality investment and financing institutions in the database, with at least 100 new additions added annually thereafter.
1. Banking Financial Institutions
(1) National Policy Banks. Focusing on the China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China, organize and guide fixed-asset investment and medium- to long-term project loans to support key manufacturing enterprises in expanding their scale and achieving sustainable production.
(2) Large State-Owned Banks. With commercial banks such as the Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications as the main participants, organize and guide credit funds to support industrial development and provincial key technical renovation projects, thereby promoting the growth and expansion of a group of representative technical renovation enterprises.
(3) Joint-Stock Banks. Led by key joint-stock banks such as China Merchants Bank, CITIC Bank, Huaxia Bank, Zheshang Bank, and Hengfeng Bank, these institutions will organize and implement financing for technological innovation to foster the rapid growth and strengthening of a group of high-growth enterprises.
(4) City Commercial Banks. Led by Qilu, Qingdao, Beijing, and other municipal city commercial banks, organize and implement programs for first-time loans to small and micro enterprises, government-backed guarantees, and loans for technology-based startups. Guide banks to expand coverage, improve quality, reduce fees, and enhance efficiency to broaden credit support for small and micro enterprises.
2. Fund Investment Institutions. Establish connections with fund investment institutions through multiple methods and channels, and build working partnerships with the National Integrated Circuit Industry Investment Fund and leading high-quality institutions. Based on investment direction, scope, conditions, and needs, categorize and establish a resource database of angel investment, venture capital, private equity, industrial investment, and M&A investment institutions.
3. Guarantee and Insurance Companies. Collaborate with financial institutions such as the Provincial Re-guarantee Investment and Financing Group, China Export & Credit Insurance Corporation, PICC, and Ping An Insurance to develop guarantee and insurance products tailored to industrial and enterprise needs. Provide guarantee and insurance financing support for innovative SMEs, export-oriented manufacturing enterprises, and “Three Firsts” products (i.e., the first units of major technical equipment, the first batches of new materials, and the first versions of high-end software).
4. IPO Training and Guidance Institutions. Collaborate with renowned investment and financing institutions, securities firms, and intermediary service providers (including accounting, legal, and auditing firms) both within and outside the province to select a group of industry experts to establish “Corporate Secretary Consultants,” “Gold-Level Sponsors,” and “Certified IPO Advisors,” providing enterprises with professional, targeted, and practical IPO training.
(3) Establish an Investment and Financing Matchmaking Platform. Continuously optimize and upgrade the industrial investment platform by launching seven modules—including the “Database of High-Quality Investment and Financing Institutions,” “Database of Advanced Manufacturing Financing Projects,” “Smart Industrial Capital Matchmaking,” and “Online Corporate Roadshows”—as well as three major systems: “Credit Services,” “Fund Investment,” and “IPO Preparation.” Conduct value and practicality assessments of financial institutions to dynamically adjust and expand the scope of cooperation.For key projects such as national special initiatives and major technological breakthroughs, we implement “visualized supervision” to mobilize financial resources from multiple sources and provide robust financial support, ensuring strong capital guarantees for these projects.
III. Implementation of the “Seven Major” Special Campaigns
(1) Bank Credit Enhancement Initiative. We will implement interest subsidy and guarantee fee subsidy policies for “Special Loans for Technological Upgrades” to guide the process, and collaborate with partner banks and financing guarantee institutions to open fast-track loan approval channels for technological upgrade projects. The goal is to implement 10,000 technological upgrade projects worth over 5 million yuan annually, with investment and financing growth exceeding 7%.Implement bulk comprehensive credit facilities to provide cluster loans and credit expansion through park guarantees for key industrial clusters, specialty industrial clusters, industrial demonstration bases, and industrial parks. Promote financial product innovation to offer specialized, refined, distinctive, and innovative loans, IPO cultivation loans, and “Little Giant” credit loans to high-growth enterprises such as specialized, refined, distinctive, and innovative enterprises, gazelle companies, unicorns, manufacturing single-champions, and leading manufacturing enterprises.Implement risk compensation for loans to small and micro enterprises and provide subsidies for fee reductions on financing guarantees. Organize and carry out initiatives such as first-loan cultivation for innovative SMEs and credit enhancement loans backed by science and technology innovation guarantees, guiding banking financial institutions to increase the number of new loan accounts and the scale of loans to small and micro enterprises by more than 10% annually.
(2) Fund Investment Leadership Initiative. Fully leverage the catalytic role of provincial fiscal equity investments and the Provincial New Momentum Fund to establish industrial development funds centered on key provincial industrial chains, with a focus on investing in high-growth enterprises such as Specialized, Refined, Unique, and New (SRUN) enterprises, Gazelle companies, Unicorns, Manufacturing Single-Champions, and Manufacturing Leading Enterprises.Organize the “Qilu Enterprise Dance” investment and financing roadshow to establish a “1 (Jinan Headquarters) + 3 (Expansion Bases in Beijing, Shanghai, and Shenzhen) + 15 (Municipal Operation Centers)” roadshow service system. Hold over 100 investment and financing roadshow events annually, generating more than 10 billion yuan in investment and financing cooperation intentions.
(3) Guarantee and Insurance Innovation Initiative. Promote credit enhancement cooperation between banks and insurance companies, encourage increased financing support for enterprises developing “three firsts” products, and expand the application of product quality liability insurance, surety insurance, and surety-substitute insurance products.Further improve the provincial financing guarantee service system for small, medium, and micro enterprises. Leverage the guiding role of national policies on fee reductions and subsidies for small and micro enterprise financing guarantees. Promote business cooperation between government-backed financing guarantee institutions and financial institutions under the principles of “guarantee upon loan approval” and “loan upon guarantee approval,” achieving over 100 billion yuan in guaranteed financing for small and micro enterprises across the province annually.
(4) Existing Loan Renewal Initiative. Comprehensive use will be made of financial renewal policies such as principal and interest repayment deferrals, principal-free loan renewals, and emergency bridging loans to support seamless loan renewals for enterprises. Banking institutions will be guided to avoid blindly reducing, withdrawing, or terminating loans, thereby ensuring the safety and stability of enterprises’ working capital.Further develop the emergency bridging loan service system, leverage the role of the provincial-level enterprise emergency bridging loan guidance fund, expand the scope of emergency bridging loan services, standardize the operations of registered emergency bridging loan institutions, and continuously improve the efficiency of bridging loan services, providing over 100 billion yuan in emergency bridging loans to more than 5,000 small and medium-sized enterprises annually.
(5) IPO Cultivation and Promotion Initiative. We will organize and implement the “Mount Tai Summit” IPO Cultivation Special Campaign, identifying high-growth enterprises—such as Specialized, Refined, Unique, and Innovative (SRUI) firms, Gazelle companies, Unicorns, Manufacturing Single-Champions, and Manufacturing Leading Enterprises—as “golden seeds” for IPO cultivation, and select more than 1,000 enterprises for this program.We will establish a “Specialized, Refined, Unique, and Innovative Board” at the Qilu Equity Exchange Center to provide tailored services—including development planning, equity restructuring, market capitalization valuation, financing matching, and IPO guidance—for listed companies on this board. Each year, we aim to cultivate 80 companies for IPO guidance, 40 companies for listing on the National Equities Exchange and Quotations (NEEQ), and more than 20 companies for initial public offerings (IPOs).
(6) Industrial Finance Chain Strengthening Initiative.Promote information sharing among government departments, financial institutions, core enterprises, and third-party professional agencies. Focusing on key industrial chains, strengthen the coordinated linkage of fiscal and financial resources. Encourage leading private enterprises to explore and initiate market-oriented financing services for their industries. Support core enterprises in expanding their financing scale by issuing commercial bills and supply chain notes, as well as bonds, and by conducting specialized financing activities such as supply chain inventory, warehouse receipts, and order-based financing. Facilitate the flow of capital between large, medium, and small enterprises, achieving over 100 billion yuan in industrial chain and supply chain financing annually.
(7) Industrial-Investment Cooperation Expansion Initiative. Innovatively carry out dual recruitment and investment attraction efforts, including fund-based investment promotion. Strengthen collaboration with strong central state-owned enterprises, provincial state-owned enterprises, and listed companies. Guide cooperation with distinctive provincial industries and science and technology innovation enterprises to engage in industrial-investment collaboration, capital infusion, equity participation, and M&A investments, thereby assisting struggling enterprises in overcoming difficulties.In collaboration with the Shandong International Investment Promotion Center, establish the “Shandong Advanced Manufacturing Board” on the international trade platform “Choose Shandong.” Connect with leading domestic and international enterprises in the sector to facilitate industrial integration, two-way investment, and cross-border matchmaking, thereby achieving the dual goals of “going global” and “attracting investment” to “grow bigger and stronger.” Annually facilitate 5 international industry-investment cooperation projects worth $1 billion each and 50 domestic industry-investment cooperation projects worth over 10 billion yuan each.
IV. Support Measures
(1) Strengthen Organizational Leadership. The Provincial Department of Industry and Information Technology will establish a Leading Group and Office for Financial Promotion of High-Quality Development in Industry and Information Technology to coordinate and implement financial promotion efforts across the province. Key annual tasks will be defined, quarterly progress reports and statistics will be organized, and monthly oversight of key tasks will be conducted.The Industrial and Information Technology Bureaus and Private Economy Development Bureaus of all cities shall establish leadership systems and working mechanisms for financing promotion. They shall formulate annual matching plans, quarterly (or monthly) work priorities, and implementation measures. Based on regional endowments, industrial characteristics, and work priorities, they shall actively plan and organize investment and financing matching activities for key industries, industrial chains, industrial parks, industrial clusters, and major construction projects.
(2) Organize Matchmaking Services. Implement the “Industrial and Information Technology Projects and Financial Institutions Matchmaking Initiative.” Based on provincial industrial development plans and municipal and county investment and financing needs, organize and carry out “Three Entries and One Linkage” (entering industries, industrial parks, and clusters, and linking with enterprises) specialized investment and financing matchmaking activities. Coordinate financial institutions such as banks, insurance companies, investment funds, financing guarantee agencies, securities investment banks, and management consulting firms to tailor financial matchmaking plans and provide differentiated financial products. Conduct precise matchmaking throughout the entire lifecycle and industrial chain,growth stages, and continuously enhance the diversity, accessibility, convenience, and practicality of financing for industries and enterprises.
(3) Strengthen Policy Support. Coordinate national, provincial, and municipal fiscal and financial policies to guide various investment and financing resources toward increasing investment in key industries and high-growth enterprises. Organize and conduct forward-looking and practical research on technology finance, green finance, and digital finance; innovate and implement new models, approaches, and methods for industry-finance collaboration; promptly summarize reform practices and advanced experiences with unique and original characteristics; and accelerate the development of replicable and scalable financial policy measures.We will intensify the promotion of financial policies benefiting enterprises, actively facilitate the integration of financial advisory services and support mechanisms into enterprises, and provide stronger support to help a group of key industrial and enterprise projects—characterized by strong innovation, robust growth, and prominent competitive advantages—expand and grow stronger.
