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Xiangshan actively supports micro and small technological enterprises

To promote the healthy development of the micro and small technological enterprises, Xiangshan County has established and improved a diversified multi-layer and multi-channel technological investment and financing system, actively building a long-term docking platform for economic capital and intellectual capital.

Since May last year, Xiangshan County has cooperated with such financial institutions as the Bank of China, the Rural Credit Cooperatives and the People’s Insurance of China to provide the micro and small technological enterprises and the innovative start-up enterprises with technological loans with such loan projects as “technological finance risk pool” and “bank loans for technological enterprises” . By the end of this June, the two projects have offered a total loan volume of 49.3 million yuan, benefiting 26 enterprises.

This year, in accordance with the principles of “government guidance, market operation, professional administration and risk control”, Xiangshan County will establish a 30 million-yuan angel investment fund to promote the development of the micro and small technological enterprises and innovative start-up enterprises. The technological credit scale will be expanded with the loan volume increasing to 50 million yuan. The establishment of the No.2 Bowei Technological Investment Fund will be accelerated. The “implementation plan for technological credit guarantee” will be worked out and the financing guarantee company for SMEs will be established to conduct the credit loan guarantee for technological enterprises. The county will give full play to the guiding and leverage role of the financial fund, thus promoting the transformation of the social capital to the industrial capital for innovation and entrepreneurship.

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