嘉兴银行科技金融发展实践

Core Viewpoint - The article emphasizes the importance of local financial institutions like Jiaxing Bank in supporting the local economy, particularly in the context of high-quality development and digital transformation in China. Jiaxing Bank aims to establish itself as an innovation bank to serve the needs of local technology enterprises and the digital economy [1][2]. Summary by Sections 1. Risk Balance Concept - Jiaxing Bank adheres to a risk-return balance philosophy for its innovation finance business, aiming for sustainable development through a market-based risk compensation mechanism. The bank seeks to ensure that high risks are matched with high returns, avoiding blind social responsibility without risk management [3]. 2. Innovative Organizational Structure - The bank has established a relatively independent operational mechanism for its innovation finance business, including the formation of a special committee and dedicated teams to manage and oversee innovation finance initiatives [4][5]. 3. Innovative Financial Products - Jiaxing Bank has launched two innovative products: - Equity Options: A financing service combining debt and equity options, allowing the bank to gain capital appreciation when the option is exercised. In 2024, 386 contracts were signed, with 110 new clients, generating 80 innovative revenue streams [6]. - Deferred Interest: This product alleviates early financial burdens on tech enterprises by allowing partial or no interest payments initially, with conditions for future payments. In 2024, 383 contracts were signed, with 181 new clients, resulting in 317 revenue streams [6]. 4. Investment-Loan Linkage Models - Jiaxing Bank is exploring four investment-loan linkage models to create a sustainable risk compensation mechanism: - External Linkage Model: Collaboration among the bank, investment institutions, and tech enterprises to share benefits from equity options [7]. - Twin Linkage Model: Involves a partnership with Jiaxing Innovation Investment Co., allowing for a closed-loop investment-loan linkage [8]. - Government-Linked Model: A collaboration with local government funds to support early-stage tech enterprises, providing credit based on government investments [9]. - Direct Enterprise Linkage Model: Direct agreements with tech enterprises for equity options, enhancing service efficiency [10]. 5. Supportive Advancement System - The bank is developing a multi-faceted advancement system, including: - Client Segmentation: Classifying tech enterprises into categories for tailored services [11]. - Lifecycle Product System: Creating products for different stages of enterprise development, from seed to mature phases [12][13]. - Risk Control System: Establishing a differentiated credit approval process based on the unique characteristics of tech enterprises [14]. - Independent Assessment System: Implementing specific performance metrics and incentives for innovation finance teams [15]. - Liability Exemption System: Focusing on managing non-performing loans through a delayed risk fund mechanism [15]. - Integrated Ecosystem Service System: Building a comprehensive service platform to support tech enterprises with various financial and advisory services [16].