Source:Foreign Affairs Office 2024-08-08
Financial Support to Consolidate Industrial Funding Guarantee
(22)Reduce enterprise financing costs.
Increased financial support will be provided for key industries and sectors, with eligible micro, small and medium-sized enterprises receiving a 1% interest subsidy and a 1% guarantee fee subsidy for their first loan applications. Financial institutions will be compensated for 30% of the principal loss on credit loans, encouraging banks and guarantee institutions to boost lending to micro, small and mediumsized enterprises.
(23)Harness the function of industrial guidance funds.
The 5 billion yuan industrial guidance fund for BMC will be fully and effectively utilized, supporting the establishment of sub-funds for key industries and the improvement of comprehensive services for invested companies to settle in and expand their businesses. Supportive measures such as government investment concessions and team incentives will be implemented. For industrial investment funds with a return ratio of 2 times or more, the portion of excess returns obtained from the municipal finance fund can be transferred at a maximum ratio of 60%, supporting fund management companies and investors with strong industrial driving force to expand reinvestment.
(24)Intensify support for enterprise listing services.
The development of the Beijing Stock Exchange - BMC listed Enterprise Incubation Base will be deepened, leveraging integrated services advantages in brokerage, asset management, and equity investment Comprehensive services such as listing guidance and business operation for prospective listed and listed companies will be strengthened, with up to 10 million yuan in support provided for newly listed companies.
(25)Promote the healthy development of private equity funds.
Support measures for the entire chain of “fundraising, investment, management, and exit” will be improved, providing fund managers with up to 20 million yuan in funding support based on the actual investment scale of the fund or the investment income generated from project exits in the previous year.
(26)Accelerate the innovation and development of green finance.
Support will be provided for the construction of institutions with green finance characteristics. Green finance processes, products, and services will be optimized to expand the depth and breadth of financial services for sustainable development. Financial institutions will be encouraged to implement differentiated and dynamic green credit or investment policies, with up to 6 million yuan in risk compensation provided for individual green loans.