Guangdong: Guide banking financial institutions to optimize the all-cycle technology credit system.

The Financial Management Bureau of Guangdong Province, the Provincial Department of Science and Technology, the Provincial Development and Reform Commission and 10 other departments jointly issued the "Work Plan for Promoting Guangdong Province to Build a Strong Province in Financial Services and Science and Technology". The plan proposes optimizing the full-cycle technology credit system. Under the premise of legality and compliance, and controllable risks, it guides banking financial institutions to improve and establish a technology credit system that adapts to the stages of "start-up, growth, expansion, maturity", etc., improves differentiated technology credit approval, assessment, incentive and fault-tolerant mechanisms, expands the scale of technology credit, increases loans for mergers and acquisitions in the field of technological innovation. It urges legal entity banks to establish a credit review system with "scientific quantity" as the core index based on indicators such as the number of patents owned, the proportion of research investment, and the proportion of research personnel for technology companies. In view of the characteristics of technology-based enterprises with light assets, explore areas such as equity pledge, trademark pledge, and patent pledge, guide the optimization of a diversified financing model linking stocks and bonds, support exploration of new models such as "loan + external direct investment", "convertible loans", "investment-loan-insurance", and explore flexible repayment of principal and interest credit products. Considering the fact that technology-based enterprises have high initial investments and low income, reasonably determine loan interest rate pricing, interest payment methods, and loan terms. Establish a regulatory evaluation mechanism for technology financial professional branches, explore the closed-loop management system of "regulatory evaluation - pilot empowerment - dynamic management" for technology financial institutions, promote the specialization of products, differentiation of systems, systematization of management, and diversification of services in technology branches, and enhance the service capabilities of technology branches.