To implement the State Council's "Action Plan for Large-Scale Equipment Renewal and Trade-in of Consumer Goods," the Jiangsu Provincial Department of Finance, Jiangsu Provincial Department of Science and Technology, Jiangsu Provincial Department of Industry and Information Technology, and Jiangsu Provincial Local Financial Regulatory Bureau jointly launched the "Equipment Guarantee" loan guarantee support policy for small and medium-sized manufacturing enterprises' equipment procurement, renewal, and renovation. Bank of China Jiangsu Branch actively responded and continues to support local small and micro enterprises through the "Equipment Guarantee" financial program, ensuring smooth capital flow and helping enterprises accelerate their transformation and upgrading. To date, Bank of China Jiangsu Branch has served over 100 small and medium-sized enterprises through the "Equipment Guarantee" program, with cumulative loan disbursements totaling 606 million yuan.
The "Equipment Guarantee" is a risk-sharing product involving four-party cooperation between government, banks, guarantee institutions, and enterprises. It provides loan support for small and medium-sized enterprises to purchase, renew, or renovate production equipment, with maximum loan amounts up to 50 million yuan and annual guarantee rates not exceeding 1%. The provincial government provides an 80% subsidy on guarantee fees for qualifying "Equipment Guarantee" businesses.
The "Equipment Guarantee" program reduces financing thresholds for fixed asset investments by small and medium-sized enterprises through risk sharing; simplifies procedures by adopting a "loan-ready guarantee" and "guarantee-ready loan" model; and reduces costs through fiscal subsidies and preferential bank interest rates, enabling small and medium-sized enterprises to operate with lighter financial burdens.
Jiangsu Haijun Intelligent Manufacturing Co., Ltd. is a company engaged in steel component and steel structure manufacturing. Its steel structures are primarily used in high-rise buildings, focusing on large-span steel structure manufacturing and installation, requiring the purchase of high-power laser cutting equipment. Established in 2023, the company had difficulty obtaining financing due to substantial capital tied up in factory premises and land investments before generating sales revenue. Bank of China Jiangsu Branch customized an exclusive "Equipment Guarantee" financing solution and successfully provided a 4.2 million yuan "Equipment Guarantee" loan, addressing the company's urgent needs.
Jiangsu Huayong Xi Technology Co., Ltd., located in Liyang City, Jiangsu Province, is a technology company established under the leadership of the Advanced Energy Storage Technology Research Institute of the Chinese Academy of Sciences at Tianmu Lake. The company specializes in high-quality graphene powder and carbon nanotube powder production, high-performance graphene composite conductive paste and CNT paste manufacturing, as well as graphene application research and commercialization of research results. This year, as the company accelerated its development, expanding reproduction became urgent. Bank of China Jiangsu Branch addressed the company's equipment procurement needs and completed the "Equipment Guarantee" approval procedures within one week, facilitating the smooth disbursement of 9.9 million yuan in "Equipment Guarantee" loan funds, resolving the company's urgent need for production line expansion.
Looking ahead, Bank of China Jiangsu Branch will continue to strengthen support for the real economy, helping more small and medium-sized enterprises rejuvenate through equipment upgrades and supporting high-quality development of the real economy through financial strength.