金融调研|从“看抵押”到“看技术” ，小微融资机制破局科技企业“有订单缺资金”困境

Core Viewpoint - The establishment of a financing coordination mechanism for small and micro enterprises aims to address the financing difficulties faced by technology-based small and micro enterprises, particularly those with "light assets and lack of collateral" [1][4]. Group 1: Financing Challenges - Technology-based small and micro enterprises often struggle to secure financing due to their reliance on intangible assets like patents and R&D capabilities, which traditional banks do not adequately value [2][9]. - Many of these enterprises face a dilemma of having technology but lacking collateral, leading to difficulties in obtaining timely credit for operational needs [2][10]. - The traditional credit assessment methods focus on fixed assets, which does not align with the needs of technology-driven companies [2][4]. Group 2: Mechanism Implementation - The new financing coordination mechanism promotes collaboration among government departments and financial institutions to break down information barriers and incorporate a company's "soft strengths" into the credit assessment process [4][11]. - Innovative models such as "data credit enhancement," "technology credit enhancement," and "guarantee credit enhancement" have been introduced to support financing for technology-based enterprises [4][5]. - The mechanism has led to the development of products like "Zhihui Loan" and "Patent Pool Loan," which provide significant credit amounts to enterprises based on their technological assets [4][5]. Group 3: Innovation Credit System - The "innovation credit system" is a key innovation within the mechanism, allowing for the quantification of a company's innovation capabilities and facilitating access to credit based on these metrics [6][10]. - Companies with an innovation score above 70 can qualify for credit support under national policies, effectively turning technological value into a financial asset [10][11]. - The system has proven effective, with banks able to create tailored financing solutions for technology-based enterprises, thus addressing their unique needs [11].