Anchoring the New Track: Xiamen Industrial Bank Branch Supports Strong City Building with Technological Innovation

Xiamen Industrial Bank Branch: Fostering Technological Innovation for a Strong City

June 30, 2023 – Financial Sector Information

In recent years, Industrial Bank has been at the forefront of providing financial support for scientific and technological innovation. Recognizing the unique characteristics of the fast-growing and high-risk nature of science and technology initiatives, the bank has made science and technology innovation funding one of its top priorities. Their comprehensive financial service system, which combines stocks and debts, has been continually refined to cater to the diverse needs of enterprises at different stages of their lifecycle. By creating tailored technology innovation funding, the bank aims to invigorate scientific and technological innovation.

To respond swiftly to the directives of the Xiamen Municipal Party Committee and the Municipal Government to enhance the level of scientific and technological innovation financial services, the bank has accelerated the development of an internal scientific and technological innovation financial service mechanism. This includes breaking down internal barriers and promoting the integration of front, middle, and back-office services. They have established a professional service team that comprises the Agile Working Group of Innovation Finance, Business Center of Science and Technology Innovation Finance, Review Department of Science and Finance Technology Innovation, as well as typical sub-branches of Science and Technology Innovation. This “1+3+n” professional management team system of science and innovation finance aims to improve the quality and efficiency of financial services.

Xiamen Industrial Bank Branch, supported by a range of measures, is dedicated to enhancing its service capabilities in emerging areas such as science and technology innovation and finance. They are committed to adapting flexibly to market changes and effectively playing the role of a “testing ground for technical finance.” Additionally, the bank aims to further innovate its service model by leveraging the technological “soft power” of science and technology enterprises to provide tangible financial support. To ensure efficient service delivery, a green channel has been established for expedited approval processes for enterprises.

“The drive for economic development lies within scientific and technological innovation. Initiatives such as ‘Technology Credit,’ ‘Talent Loan,’ and ‘Technology Flow’ are concrete steps in line with the requirements set forth by the provincial and municipal party committee to enhance efficiency and effectiveness,” emphasized the director of the Xiamen Branch of the Industrial Bank. Looking ahead, the bank will establish a sustainable mechanism for scientific and technological innovation financial services. They will also introduce more practical financial products that align with the characteristics of scientific and technological innovation enterprises, thereby helping companies improve their operations and contribute to the promotion of high-quality economic and social development.

Since the launch of the innovative “Technology Flow” credit evaluation system in early 2022, Xiamen Branch has successfully evaluated over 350 loan customers, with a loan balance totaling nearly 8 billion yuan. This addresses the funding dilemma faced by many science and technology companies, as the value of their technology assets is often overlooked. Industrial Bank’s “Technology Flow” system converts these intangible assets into tangible financing opportunities.

Moving forward, Industrial Bank remains committed to supporting the development of Xiamen as a powerhouse of technological innovation, focusing on the “four empowerments.” Firstly, they aim to empower research by integrating research resources and establishing an extensive “database of industry experts.” Secondly, they seek to empower risk through the exploration of digital risk management and continual improvement of the “Technology Flow” credit evaluation system. Thirdly, they will utilize the “Industrial Pratt & Whitney” platform to empower technology-based enterprises, making it easier for them to handle online business transactions. Lastly, through collaborative empowerment, Industrial Bank strives to act as a market resource integrator, providing comprehensive financial solutions throughout the entire business cycle. By creating a financial ecosystem and promoting cross-market and cross-organizational technology innovation, they aim to facilitate the growth of high-quality pioneering companies.

With its unwavering commitment to technological innovation, Xiamen Industrial Bank Branch is playing a pivotal role in advancing the city’s economic development and shaping a prosperous future.

Xiamen Industrial Bank Branch: Anchoring the new track to support building a strong city with technological innovation

2023-06-30 16:43:38 Source: Financial sector information shared with:

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In recent years, Industrial Bank has provided financial support for scientific and technological innovation, and has taken science and technology innovation funding as one of the five new tracks of a key plan. Considering the characteristics of light assets, high growth and high risks of science and technology initiatives such as “expertise, specialization and innovation”, the bank continues to improve the comprehensive financial service system that combines stocks and debts and covers’ r whole life cycle. , and creates technology innovation funding suitable for different types of enterprises Product shelves stimulate the vitality of scientific and technological innovation.

It is understood that in order to quickly respond to the call of the Xiamen Municipal Party Committee and the Municipal Government to increase the level of scientific and technological innovation financial services, the bank has continued to accelerate the construction of internal scientific and technological innovation. financial service mechanism system, break down internal barriers, and accelerate the integration of front, middle and back office services Create a professional service team that integrates the Agile Working Group of Innovation Finance, Business Center of Science and Technology Innovation Finance, Review Department of Science and Finance Technology Innovation, and typical sub-branches of Science and Technology Innovation to create a “1+3+n” professional management team system of science and innovation finance to further improve the Quality and efficiency of financial services.

Supported by a series of measures, Xiamen Industrial Bank Branch will comprehensively improve its service capabilities in emerging business areas such as science and technology innovation and finance, flexibly adapt to market changes, and play the role of “testing ground for technical finance” effectively. . At the same time, the bank will further innovate the service model, transform the technological “soft power” of science and technology enterprises to finance “hard money”, and open a green channel to be approved for enterprises to ensure service efficiency.

“Scientific and technological innovation drives economic development. Innovative measures such as ‘Technology Credit’, ‘Talent Loan’, and ‘Technology Flow’ are the exact implementation of the operational requirements of the provincial and municipal party committee of ‘improve efficiency, improve efficiency, and increase efficiency’, and accelerate to achieve a ‘good start’ ‘an important measure.’ The person in charge of the relevant business of the Xiamen Branch of the Industrial Bank said that the bank will continue to examine the situation in the future. establish a long-term mechanism for scientific and technological innovation financial services, and launch more “product + technology” technologies that meet the characteristics of scientific and technological innovation enterprises and are more down-to-earth Create financial products to help enterprises to improve quality and efficiency, and jointly promote high quality economic and social development. Since the launch of the “technical flow” evaluation in early 2022, by the end of May 2023, Xiamen Branch has evaluated more than 350 loan customers through the “technical flow”, with a loan balance of nearly 8 billion yuan. “Technology” cannot be valued, which is a funding dilemma that many science and technology companies cannot avoid. Aiming at this pain point and difficulty in market demand, Industrial Bank has launched an innovative “Technology Flow” credit evaluation system. “Converted into “hard money” financing.

In the future, Industrial Bank will continue to support the construction of Xiamen, a strong city of technological innovation, focusing on the “four empowerments”. The first is to empower research, integrate research resources, and establish a “database of industry experts”. The second is to empower risk, explore digital risk management, and improve the “technical flow” credit evaluation system. The third is technological empowerment, using the “Industrial Pratt & Whitney” platform to guide technology-based enterprises to handle online business. The fourth is collaborative empowerment, acting as an integrator of market resources, providing full-circle and full-process financial service solutions, creating a financial ecosystem and circle of friends of cross-market and cross-organizational technology innovation, and high-quality technology that n get along with her. pioneering companies to grow together.

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