Jiangyan City invests 13 billion yuan to help development of small and medium-sized enterprises such as pumps and valves

Since August, Taizhou Wuxin Pump & Valve Power Machinery Co., Ltd., located in Liangxu Town, Jiangyan City, has been busy. The company has successively won the bid for agricultural machinery projects in 9 provinces such as Hunan, Hubei, Jiangxi and Zhejiang, and has already implemented 20,000 orders.

Just a few months ago, Zhang Jinxi, chairman of the company, was still uneasy about the $2 million technical reform fund. Holding a psychological test, Zhang Jinxi found the person in charge of the SME Service Center in the city to report difficulties. Soon after, several financial institutions went to the company to investigate and investigate, and they reached a lending agreement less than a week before and after, addressing the company’s immediate needs at one stroke. “Small and medium-sized enterprises are faced with bottlenecks in their transformation and upgrading, and inject fresh blood into their development. This is an unshirkable responsibility for all levels of government.” said Jiang Hong, deputy mayor of Jiangxi Province.

From January to July this year, the city's financial institutions put a total of ** 20.518 billion yuan, of which 12.98 billion yuan for SMEs, 4 billion yuan has been invested in technological transformation of enterprises, in exchange for more than 6 billion in tax sales.

According to Zhou Yaping, director of the city’s SME Bureau, this year, the city’s financial fundraising amounted to 50 million yuan to establish an enterprise credit emergency turnover ** to help companies with ** due maturity and capital turnover to renew their loans. At present, 65.30 million yuan has been accumulated to refinance more than 20 companies such as Vina Fashion, Central Asia Textile, and Kangjie Environmental Protection.

The city also strives to expand the credit guarantee platform for SMEs. In 2009, the city increased the registered capital of Guoxin Guaranty Co., Ltd. to 150 million yuan in the form of social capital and became the largest guarantee company in Central and Northern Jiangsu Province, guaranteeing ** 790 million yuan for 156 enterprises. In accordance with the principle of complementing each other's advantages, benefit sharing, and risk sharing, the city has also implemented town bond guarantee linkage mechanisms in eight towns including Jiangyan, Liang Xu and Xinzhuang, further magnifying the brand advantage of Guoxin Guarantee. The docking work between banks and enterprises has been institutionalized and normalized in Jiangyan. Every quarter, the city is led by the People's Bank of China and the Ministry of Economy and Information Technology to organize a large-scale bank-enterprise matchmaking activity. Each month, the township or system level engages in a small-scale connection with a financial institution. Since the beginning of this year, a total of 13 bank-enterprise matchmaking activities have been organized, with an intentional sex of RMB 4.25 billion, and the implementation rate is 85.3%, setting a record high for the calendar year.

Inspired by various government measures, some financial institutions have extended more services to enterprises.

Liang Liang, President of Dafeng Branch of Rural Cooperative Bank of Jiangyan City. He also has a "title" - "development consultant" of Kaihua Machinery. Every weekend, Liang Kuang must go to the enterprise to help plan development. “In these two years, Governor Liang proposed 10 rationalization proposals for safety production, marketing and development, saving production costs of more than 500,000 yuan for the company.” Hua Hua said that at the beginning of last year, he and Shandong Jigang A supply contract of RMB 4.2 million was signed. Due to the lack of liquidity, the company has not been able to operate normally. After Liang Kuang got acquainted with the situation, he actively reported for the company to the head office 1.5 million yuan.