With the help of finance to promote Shanghai ’s economic transformation, the spring of financing for SMEs is coming. According to the "Several Opinions on Strengthening Financial Services to Promote Shanghai's Economic Transformation and Economic Restructuring" (hereinafter referred to as "Opinions"), Shanghai will support the development of SMEs in various ways. Shanghai non-listed company equity custody trading center "will start business soon" Ma Hong, deputy director of the Shanghai Finance Office, disclosed on the 17th that in order to promote the direct financing of small and medium-sized enterprises in Shanghai through the multi-level capital market, the Shanghai Securities Regulatory Bureau and the relevant departments of the municipal government are actively building a listing service platform for small and medium enterprises, and promoting the financing of small and medium enterprises. According to the “Implementation Opinions on Promoting the Listing of SMEs in this City (Draft for Comment)†released in mid-July, Shanghai will establish a municipal and district-level resource library for SMEs to be listed, and classify and screen the main board, SME board, and GEM Listed reserve companies and established resource libraries. Shanghai Zhangjiang High-tech Industrial Development Zone will select a group of science and technology enterprises as backup companies to enter the "Affiliated Share Transfer System". Ma Hong said that the current transfer system of Zhangjiang Hi-Tech Park is progressing smoothly. 36 companies have clearly expressed their intention to list, and 7 have signed agreements with the sponsoring brokers. Fang Xinghai, director of the Shanghai Financial Office, revealed on the 17th that the equity custody and transfer market of Shanghai's non-listed companies "will soon start business", and that the current equity custody trading center has "no policy obstacles". The long-awaited Shanghai Equity Custody Exchange Center was officially unveiled in Shanghai on July 19. The center is aimed at establishing a multi-level capital market and delivering "blood" to the main board, small and medium-sized boards, and ChiNext. Regarding responding to the financing needs of SMEs with such a high attitude, Ma Hong explained that in recent years, the financial industry has clearly felt the inevitable trend of Shanghai ’s economic structural adjustment. In 2010, the growth rate of investment in Shanghai and the growth rate of loans declined simultaneously, contrary to the country's high growth trend. The latest data shows that Shanghai has already shown weakness in fixed asset investment. In the first half of 2010, the growth rate of fixed asset investment in the whole society was 2.2%. But on the other hand, the current demand for SME loans and technology financing is very strong. Based on the characteristics of science and technology enterprises, Shanghai Branch of Shanghai Pudong Development Bank and Shanghai Rural Commercial Bank have established “Technology Sub-branch†in the park where Shanghai science and technology enterprises are concentrated. As of May 2010, the two "technical sub-branches" have granted credits or loans to 46 technology-based SMEs through innovative financing models, with a total amount of about 500 million yuan. Bank of Communications Shanghai Branch and Bank of Shanghai in Zhangjiang High-tech Park developed financial products such as "Zhanyetong" and "Chuangzhidai" for technology startups in the park. Encourage leading companies to invest in PE and VC At the same time, Shanghai has made new breakthroughs in its policies supporting private equity (PE) and venture capital (VC). "The initial development of technology-based SMEs mainly relied on PE and VC, rather than bank credit. Although the policies of PE and VC are now liberalized, they still have difficulties in raising funds," Fang Xinghai said. Encouraging municipal leading enterprises in industry, commerce, and transportation to use their funds to invest in PE and VC is a major breakthrough. " The "Opinions" clearly states: "Encourage cooperation between Chinese and foreign equity investment fund management companies and the city's leading industry companies, independent innovation and special funds for high-tech development, etc., in this city to initiate the establishment of various special fields in line with the direction of industrial development planning. The professional investment funds invested continue to promote relevant pilot projects of foreign-invested equity investment enterprises, attracting more international capital to invest in the city ’s high-tech industries and cultural and creative industries. " The latest data shows that as of the end of June 2010, there were 110 private equity investment management companies in Shanghai, with more than 30 billion yuan in management funds. The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles. Rotating Curling Iron,2 In 1 Auto Hair Curler,Usb Rechargeable Curling Iron,Hair Curler Automatic Magic Ningbo Chuangxiang Electrical Appliance Co.,Ltd , https://www.haircurler-shaver.com
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