Group 1 - The China Banking Association is exploring financial support measures for technology-oriented small and micro enterprises in Zhejiang [1] - Technology-oriented small and micro enterprises face challenges such as insufficient credit limits and high financing costs due to a lack of traditional collateral [1] - Zhejiang banks are implementing special financing plans that leverage intellectual property as collateral, moving away from traditional asset-based lending [1] Group 2 - As of the end of September, the balance of inclusive loans for small and micro enterprises in Zhejiang reached 5.76 trillion yuan, with a financing coverage rate of 40% for active small and micro entities [1] - The China Export-Import Bank's Zhejiang branch has provided 100 million yuan in intellectual property pledge loans to companies like Zhejiang Deshman Technology [1] - The China Bank of Zhejiang Province has developed a self-research evaluation tool to assess the potential of technology enterprises based on various "soft power" indicators [1] Group 3 - The "New Quality Loan" product from the China Bank of Zhejiang Province has supported over 1,500 technology-oriented small and micro enterprises with approximately 11.8 billion yuan in credit [2] - Zhejiang Merchants Bank has introduced targeted credit products such as "Talent Loan" and "Innovation Loan" to address financing difficulties during the R&D phase [2] - The shift in financial services from traditional metrics to evaluating industry potential reflects a change in risk perception and operational capability among banks [2]

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 "light asset" nature, which makes it difficult to provide traditional collateral such as land or property [2][3]. - These enterprises possess core patents and promising prospects but frequently encounter barriers in obtaining funding, leading to a situation where they have technology but lack capital [2][4]. - The traditional banking system primarily evaluates credit based on fixed assets, which does not adequately recognize the value of intangible assets like technology and patents [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 the "soft power" of enterprises into the credit assessment process [4][8]. - 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 facilitates the establishment of information-sharing channels, allowing banks to access critical data on enterprises' technological capabilities and market positions, thus improving credit evaluation accuracy [4][8]. Group 3: Innovative Financing Solutions - The "innovation points system" is a key innovation within the mechanism, allowing technology-based enterprises to obtain financing based on their innovation capabilities rather than traditional collateral [7][8]. - For example, a company with over 31 patents was able to secure a loan of 9 million within three days at a lower interest rate due to its high innovation score [7][8]. - The mechanism has led to the development of tailored financing solutions for enterprises that meet specific criteria, enabling them to access necessary funds more efficiently [8].

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].