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Pick up speed of "4 hundred billion" planning, and relieve the difficulties of Shenzhen SASAC

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At the end of 2018, Shenzhen puts forward "4 hundred billion" planning: reduce burden and cost of 100 billion yuan for enterprises, increase 100 billion yuan of bank credit, support new bond of 100 billion yuan for private enterprises, and set stable development fund of 100 billion for private enterprises, thus solving problems for enterprises.

 

Now, new bond of 100 billion yuan for private enterprises was fully funded, which has shown high efficiency of Shenzhen SASAC to solves difficulties of private enterprises.

 

Shenzhen SASAC also hopes to further strengthen cooperation with private enterprise, and expect high-quality enterprises in Shenzhen to participate in mixed ownership reform of state-owned enterprises. Wang Yongjian, chairman of Shenzhen Investment Holdings Co., Ltd. said that Shenzhen SASAC will emerge when needed, so as to reduce concerns of enterprises.

 

"4 hundred billion" planning was rapidly implemented for private enterprises in Shenzhen

 

On the morning of March 12, Shenzhen Small & Medium Enterprises Credit Financing Guarantee Group Co., Ltd. (hereinafter referred to as Shenzhen SME Group) jointly cooperated with many financing institutions to sign the strategic cooperation agreement and provide direct financing of new bond with amount of above 50 billion yuan for over 100 private enterprises. Meanwhile, Shenzhen SME Group cooperates with Ping An Securities and Ping An Bank to start and issue assets backed security product with supply chain of 10 billion yuan, so as to help middle and small-sized enterprises with more convenient and lower-cost funds.

 

20 private enterprises in Shenzhen have become first enterprises to sign strategic cooperation agreement related to bond financing with Shenzhen SME Group. 20 private enterprises are SUNWODA, FM, F&D, SUNWIN, Baoying share, SUNTAK, Techand, DEREN Electronics, Shenzhen Hongtao Group Co., Ltd., Changhong Technology, BASIS, Kingdom, Jinjia, Grandland Group, Sunshine, Hytera, KSTAR, NEXGO, SENIOR and Dreamsky.

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This is one part of " 4 hundred billion" planning. At the end of 2018, Shenzhen puts forward "4 hundred billion" planning: reduce burden and cost of 100 billion yuan for enterprises, increase 100 billion yuan of bank credit, support new bond of 100 billion yuan for private enterprises, and set stable development fund of 100 billion yuan for private enterprises, thus solving problems for enterprises.

 

As early as February 28, Shenzhen HTI Group Co., Ltd. (hereinafter referred to as "HTI") a municipal state-owned enterprise, also held similar signing ceremony, and cooperated with many financing institutions to provide over 50 billion yuan of bond financing for over 100 private enterprises in Shenzhen. First batch of benefiting enterprises include Hepalink, Hybio Pharmaceutical, SALUBRIS, Sunlord Electronics, Techand, WOER, SZZT, TOPRAY Solar, etc.

 

In "4 hundred billion" planning, "100 billion yuan of new bond to support private enterprises" has been fully funded, which has shown high efficiency of Shenzhen SASAC to solve difficulties of private enterprises.

 

Wang Mingwan, entrepreneur representative and founder of SUNWODA, said that SUNWODA cannot develop without support of Shenzhen SME Group. In 2004, first interest free credit with amount of 4 million yuan was guarantee for Shenzhen SME Group. Shenzhen SME Group has provided loan guarantee of 4 billion yuan for SUNWODA for 15 years. At the end of 2018, Shenzhen proposed "4 hundred billion" planning, and many enterprises feel inspired and honored.

 

Shenzhen SME Group which shoulders the responsibility is a guarantee institution invested and established by Shenzhen Municipal People's Government. The credit rating of the guarantee institution is AAA, and credit rating of the capital market is AAA. Shenzhen SME Group has been provided high-quality, efficient, professional and all-around financing services for enterprises since it was founded 20 years ago. Accumulated service amount is over 330 billion yuan, and number of accumulated services is over 30,000. There is new sales revenue of over 720 billion yuan and over 4,200,000 employment positions. 233 enterprises are listed with the help of Shenzhen SME Group.

 

Shenzhen SASAC promises to strengthen cooperation with private enterprises.

 

In the activity held by Shenzhen SME Group, Ai Xuefeng, Vice Mayor of Shenzhen attended the activity and delivered a speech. Yu Gang, director of Shenzhen SASAC, and Wang Yongjian, Chairman of Shenzhen Investment Holdings Co., Ltd. also made speeches.

 

Ai Xuefeng said that Shenzhen municipal Party committee and Shenzhen Municipal People's Government paid high attention to the development of real economy, launched a series of policy measures to optimize business environment, and support innovation and entrepreneurship development of private enterprises in Shenzhen. "4 hundred billion" planning can reduce production operating cost of enterprises, alleviate financing difficulty and expensive financing of enterprises, and support enterprise optimization of enterprises in Shenzhen.

 

Ai Xuefeng expressed that Shenzhen would encourage and guide financing institutions to display their respective advantages, deepen financial supply-side structural reform, and promote more financial products and services required by private enterprises. Government sectors and financing institution will deepen cooperation, try to solve problems of private enterprises, create sound environment for private enterprises, and increase sense of gain and development confidence for private enterprises.

 

Yu Gang, director of Shenzhen SASAC, said that we would like and hoped to further strengthen cooperation with private enterprises, expect high-quality private enterprises to participate in mixed-ownership reform of state-owned enterprises, realize the association between strong enterprises and complement advantages of enterprises. Both parties are rooted in Shenzhen and rely on Shenzhen. We believe that this cooperation will make fruitful achievements under our efforts. Let us develop business in Shenzhen, rely on Guangdong-Hong Kong-Macao Greater Bay Area, face China, move towards the world, and create a better tomorrow.

 

Shenzhen Investment Holdings Co., Ltd. is a major investment platform of Shenzhen SASAC, and has listed platforms such as Guosen Securities and Shenzhen Properties Group. In the next half year of last year, it transferred shares of many listed companies. Meanwhile, Shenzhen Investment Holdings Co., Ltd. is the controlling shareholder of Shenzhen SME Group. Wang Yongjian, chairman of Shenzhen Investment Holdings Co., Ltd., said that as the shareholder unit, we hoped that Shenzhen SME Group conducted scientific planning, strengthened responsibility, speeded up the implementation, played a positive role, and made new contributions to economic development of Shenzhen.

 

 

Wang Yongjian invited private enterprises and Shenzhen Investment Holdings Co., Ltd. to increase cooperation in his speech. Wang Yongjian said that Shenzhen Investment Holdings Co., Ltd. was a 100% of state-owned enterprise, but it was market-oriented with high efficiency of decision-making. Wang Yongjian pointed out that on-site entrepreneur did not worry about the problem - "the state advances the private sector retreats". "We are ready when necessary."Wang Yongjian said that when you served as chairman, we carried out cooperation by capital management.

 

Wang Yongjian said: "There is a saying that Shenzhen Investment Holdings Co., Ltd. can solve our difficulties. We expect to cooperate with you. Private enterprises make great contributions to economic development of Shenzhen. We will support to create a sound environment for private enterprises in Shenzhen."

 

Hu Zeen, Chairman of Shenzhen SME Group, showed that first 20 private enterprises which sign contracts were core force of economy of private economy in Shenzhen, which has made due contributions to innovation and development of Shenzhen. Shenzhen SME Group would provide high-quality financing services for all entrepreneurs and enterprises, and create better and faster development for private enterprises.