To promote financial institutions' increased support for technological innovation and effectively support the innovation and entrepreneurship of tech companies, the Hebei Science and Technology Department has jointly developed the "ChuangSai Loan" exclusive credit product with China Merchants Bank Shijiazhuang Branch. Focusing on award-winning projects and quality projects from previous innovation and entrepreneurship competitions, this initiative provides unsecured credit loans for early-stage technology enterprises.
Award-winning enterprises from innovation and entrepreneurship competitions, particularly cooperative enterprises established in Hebei by Beijing-Tianjin innovation teams' award-winning projects, can enjoy loan product services with low interest rates and high credit limits. Qualified enterprises may also benefit from "principal-free renewal loans" repayment preferences.
The Hebei Innovation and Entrepreneurship Competition (Hebei Division of China Innovation and Entrepreneurship Competition) has been successfully held for 12 sessions since 2013, attracting over 32,000 innovation and entrepreneurship projects and generating a total of 3,195 excellent award-winning projects. The competition has discovered and cultivated 62 "specialized and innovative little giant" enterprises, over 800 high-tech enterprises, and more than 1,500 national technology-based small and medium enterprises, making it Hebei Province's highest-level, most extensive, and most influential innovation and entrepreneurship competition brand.
China Merchants Bank Shijiazhuang Branch provides comprehensive support for the innovation and entrepreneurship competition through "ChuangSai Loan." During the competition, the bank connects with participating enterprises that have financing needs and can provide online or offline loan services for quality participating projects even during the competition. Post-competition, more refined services are provided for award-winning enterprises to help them quickly obtain loans. For previous award-winning enterprises and enterprises from out-of-province award-winning projects establishing operations in Hebei Province, China Merchants Bank Shijiazhuang Branch conducts telephone follow-ups or organizes special online events for connection.
Since last year, the Hebei Science and Technology Department has made developing credit loans an important measure to support small and medium enterprises in conducting technological innovation. Through cooperation with commercial banks and based on technology enterprises' talent, research, and achievement transformation situations, they have developed over ten exclusive credit-based technology loan products including "JiKe Credit Score Loan," "KeJi Loan," and "Technology Talent Enterprise Loan," disbursing loans exceeding 10 billion yuan and providing high-quality financial support for technology enterprises.