赋能创新发展 担保找准“增信”切入点

Core Viewpoint - The implementation opinions issued by nine departments, including the Ministry of Industry and Information Technology, aim to accelerate the transformation and industrialization of scientific and technological achievements, supporting the integration of technological innovation and industrial innovation [1] Group 1: Development of Technology Service Industry - The technology service industry is defined as an emerging industry that provides intellectual services using modern scientific knowledge and technology, characterized by high talent density, high technological content, and significant added value [1] - The scale of the technology service industry in China has been growing rapidly, with the revenue of large-scale technology service enterprises increasing at an average annual rate of 12.3% from 2019 to 2023 [1] - In 2024, the national technical contract transaction volume is expected to reach 6.8 trillion yuan, marking an 11.2% year-on-year growth and achieving the target set in the "14th Five-Year Plan" ahead of schedule [1] Group 2: Challenges Faced by Technology Enterprises - Technology enterprises often face high risks and high growth characteristics, with a predominant asset composition of intangible assets such as intellectual property and patents, making financing more challenging [2] - The lack of traditional collateral like factories and land leads to limited financing channels and higher costs for technology enterprises [2] - The government has introduced a series of targeted policies to support financing for technology enterprises, including special support policies for credit and bonds [2] Group 3: Role of Financing Guarantees - Financing guarantees serve as a crucial support for technology enterprises, helping them secure loans from banks that typically have strict requirements due to risk control considerations [3] - The "Kua Yue Loan" initiative by the People's Bank of China in Shenzhen has injected over 600 million yuan into more than 20 small and micro enterprises, with over 55% of support coming from key industries [4] - Financing guarantees enhance the credit rating of bonds issued by lower-rated enterprises, thereby reducing financing costs and increasing investor confidence [4][5] Group 4: Future Opportunities for Financing Guarantee Institutions - Financing guarantee institutions are expected to develop new opportunities by creating dynamic evaluation models that include indicators such as R&D investment intensity and patent reserves [5] - The "guarantee + co-investment" model is suggested to address the lack of collateral for venture capital institutions while sharing the growth benefits of enterprises [5]