Core Viewpoint - Hangzhou Bank is committed to serving the real economy and has successfully launched the "Zheke United Loan," a new financing model for technology enterprises, reflecting its long-term efforts in building a specialized technology financial service system [1] Group 1: Overview of "Zheke United Loan" - "Zheke United Loan" is guided by multiple financial and governmental bodies, aiming to address the financing challenges faced by technology enterprises throughout their lifecycle [2] - The loan program includes three sub-products: "Inclusive United Loan," "Growth United Loan," and "Leading United Loan," tailored to meet the diverse financial needs of technology enterprises at different stages [2] Group 2: Focus on Inclusive Financing - The program emphasizes inclusive finance, targeting small and micro technology enterprises that require assistance [3] - A joint service team was established between Hangzhou Bank and Industrial and Commercial Bank of China to provide tailored support to high-growth technology enterprises [3] Group 3: Growth Financing Solutions - The "Growth United Loan" has been customized for a startup medical enterprise, providing a credit line of 12 million yuan with a loan rate 26 basis points lower than the average [5] - This support has enabled the enterprise to meet its funding needs for research, production, and expansion [5] Group 4: Large Demand Financing - The "Leading United Loan" is designed for mature technology enterprises with significant funding needs, offering high credit limits and long terms [6] - A collaboration with Minsheng Bank has facilitated a project that supports a digital healthcare enterprise, enhancing its capacity for innovation and service quality [6] - The program integrates various resources to provide stable and diverse financial support for technology enterprises throughout their growth lifecycle [6]

Core Viewpoint - The "Zhe Ke United Loan" service model has been officially launched in Hangzhou, aiming to provide tailored financial support for technology-based enterprises at different stages of their development [1][2]. Group 1: Service Model and Implementation - The "Zhe Ke United Loan" service model is designed to address the financing needs of technology enterprises throughout their lifecycle, focusing on information sharing, risk sharing, resource complementarity, and policy integration [1][2]. - The model has been operationalized into actionable mechanisms, with the first projects already yielding results in the Hangzhou Science and Technology Financial Reform Pilot Zone [1]. Group 2: Financial Products and Support - Specific financial products have been developed for different growth stages of technology enterprises, including "Zhe Ke Inclusive United Loan," "Zhe Ke Growth United Loan," and "Zhe Ke Navigation United Loan" [2]. - The collaboration between banks has led to increased loan amounts and efficiency, allowing companies to focus on technological innovation and product development [2][3]. Group 3: Case Studies of Benefiting Companies - Hangzhou Huicui Intelligent Technology Co., Ltd. received over 20 million yuan in joint credit support from banks, enabling it to overcome operational funding gaps [2]. - West Lake Weitai (Hangzhou) Diagnostic Technology Co., Ltd. was granted a total of 12 million yuan in credit, facilitating its growth in the medical testing industry [3]. Group 4: Risk Management and Loan Benefits - The "Zhe Ke United Loan" model allows companies to access higher loan amounts, longer terms, and lower costs through joint bank support, effectively dispersing risks associated with project failures [4].

Core Viewpoint - The "Zhe Ke United Loan" service model has been officially launched in the Hangzhou Science and Technology Financial Reform Pilot Zone, aiming to provide comprehensive financing support for technology-based enterprises through collaboration among multiple banks [1][3]. Group 1: Service Model Overview - The "Zhe Ke United Loan" service model focuses on information sharing, risk sharing, resource complementarity, and policy integration to address the financing needs of technology-based enterprises throughout their lifecycle [1][3]. - A tiered support mechanism has been established, with specific products designed for different growth stages of technology enterprises: "Zhe Ke Puhui United Loan" for startups, "Zhe Ke Growth United Loan" for growth-stage companies, and "Zhe Ke Leading United Loan" for mature enterprises [1][2][3]. Group 2: Financing for Startups - The "Zhe Ke Puhui United Loan" targets the initial financing challenges faced by startups, with banks like Hangzhou Bank and Industrial and Commercial Bank of China focusing on high-growth technology SMEs [2]. - Over 1 billion yuan in financing has been provided to initial-stage enterprises outside the traditional technology company list, with flexible loan amounts, favorable interest rates, and rapid approval processes [2]. Group 3: Financing for Growth-Stage Companies - The "Zhe Ke Growth United Loan" addresses the financing bottlenecks of growth-stage companies, exemplified by a medical startup that received a customized credit plan of 12 million yuan, with interest rates 26 basis points lower than the average [2][3]. - Collaborative research on financing needs and joint due diligence among banks have facilitated tailored financial solutions for these enterprises [2]. Group 4: Financing for Mature Enterprises - The "Zhe Ke Leading United Loan" is designed for mature enterprises, providing a loan of 20 million yuan with interest rates 74 basis points lower than the average [3]. - This product features high loan amounts, long terms, and risk-sharing mechanisms, supported by a dual-track evaluation system involving both banks and industry experts [3]. Group 5: Future Outlook - The implementation of the "Zhe Ke United Loan" policy is expected to inject "financial vitality" into technology-based enterprises in the Hangzhou pilot zone and provide a model for innovation in technology finance nationwide [3]. - Future efforts will focus on enhancing the government-bank-enterprise linkage mechanism, integrating resources, and optimizing business processes to support the high-quality development of technology enterprises [3].

Core Insights - The People's Bank of China Zhejiang Branch reported that as of the end of June, the total balance of loans in Zhejiang Province reached 25.34 trillion yuan, a year-on-year increase of 9.0%, which is 2.2 percentage points higher than the national average [1] - Zhejiang is the only province with two pilot zones for scientific and technological financial reform, with significant growth in technology service loans and a notable number of companies planning stock buybacks [1] - The bank has implemented a series of measures to enhance financial support for technology-driven enterprises, including the introduction of the "Zheke United Loan" service model [2][3] Financial Performance - The loan balance in Zhejiang Province increased by 1.56 trillion yuan in the first half of the year, with an additional increase of 258 billion yuan compared to the previous year [1] - The balance of loans for the technology service industry grew by 20.4% year-on-year [1] - A total of 284.1 billion yuan in technology innovation bonds were issued by 14 enterprises and institutions in the province [1] Policy Initiatives - The Zhejiang Branch of the People's Bank has introduced the "Zheke United Loan" service model to address financing challenges faced by technology enterprises throughout their lifecycle [2][3] - The model includes a tiered support mechanism tailored to the different growth stages of technology enterprises, offering various loan products with favorable terms [2] - A dual-track evaluation system has been established to enhance the precision of financial services, and a comprehensive financial service system has been created to support technology enterprises [3] Future Plans - The People's Bank of China Zhejiang Branch has selected 12 financial institutions to participate in the "Zheke United Loan" service, with initial due diligence completed for several technology enterprises [4] - The bank plans to promote the "Zheke United Loan" model across the province, enhancing the effectiveness of technology financial services and supporting the accelerated development of new productive forces in Zhejiang [4]