“Measures for Strengthening Financial Support for the Development of Micro, Small and Medium-sized Enterprises in Pingshan District, Shenzhen” took effect on Feb. 1, 2025, and will remain in effect for one year. The measures are interpreted by the Development and Reform Bureau of Pingshan District. More details about the measures can be found at https://www.szpsq.gov.cn/zwgk/gfxwj/bmgfxwj/content/post_11970099.html 

1. Establish a dynamic management mechanism for enterprises in need of financing. Industry authorities, together with subdistrict offices, will create databases of micro, small, and medium-sized enterprises (MSMEs) within their sectors. 

They will optimize mechanisms for displaying enterprises’ loan demands, and work closely with district financial authorities and banks to provide tailored services. Efforts will support banks in offering preferential and convenient financing products exclusively for MSMEs.

2. Explore the establishment of a risk-sharing mechanism for MSME loans. Following the principles of “safety, efficiency, and standardization,” efforts will be made to establish a risk-sharing mechanism jointly undertaken by the government, banking institutions, and guarantee agencies. This aims to encourage financial institutions to provide MSMEs with low-cost, efficient loans.

3. Promote the establishment of a technology innovation seed fund. Based on the principles of “government guidance, city-district cooperation, earlier and smaller investment, and risk tolerance,” the Pingshan District Technology Innovation Seed Fund will be established. The fund targets early-stage, technology-focused, small-scale investments.

Aligned with Pingshan’s goals for technology innovation and modern industrial development, the district will support seed-stage projects with independent intellectual property rights, high technologies, and strong innovation capabilities for commercialization in Pingshan.

4. Strengthen banks’ inclusive financial support. Banking institutions will be encouraged to enhance financial services for MSMEs, continuously improve credit allocation and coverage, innovate specialized credit products, and strengthen inclusive financial support for MSMEs, fostering an atmosphere of learning, competition, and mutual advancement.

5. Support the establishment of science and technology bank branches serving MSMEs. Banking institutions are urged to establish dedicated science and technology branches in Pingshan. They are also encouraged to increase first-time loans, renewal loans, and credit loans to technology companies, separately account for technology enterprise loan scales, and implement differentiated credit approval and incentive assessment. 

The goal is to meet credit demands related to technology R&D, commercialization of technological achievements, equipment procurement, and capacity expansion.

6. Support MSME financing in capital markets. Enhance the tiered incubation mechanism for enterprise listings, and provide classified, layered follow-up counseling. Support MSMEs in seeking financing through listings on the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and overseas capital markets.

Actively participate in the construction of the “specialized, refined, distinctive, and innovative” enterprise board on the Shenzhen regional equity market, guiding these enterprises and quality post-investment companies to join the board for financing. Support eligible MSMEs in issuing innovation and startup bonds and other new bond types to diversify financing channels.

7. Enhance the protective role of insurance. Aligned with Pingshan’s “6+3” industrial clusters, guide insurance agencies to improve financial services for MSMEs in Pingshan, providing strong support for their high-quality development.

Support insurers in promoting new insurance products such as R&D loss insurance, patent insurance, first major equipment insurance, insurance for the initial applications of new materials, autonomous driving insurance, and low-altitude economy insurance.

Support innovation in small-loan guarantee insurance models, actively promote Shenzhen’s small-loan guarantee insurance subsidy policies, and encourage cooperation between banks and insurers to issue new loans to Pingshan MSMEs through small-loan guarantee insurance.

8. Promote innovative models linking investment, loans, insurance, and guarantees. Collaborate with banks, insurance, guarantee agencies, and venture capital institutions to develop new models linking investment, loans, insurance, and guarantees. The goal is to cultivate and guide bold and patient capital to serve MSMEs, integrating policies, investment, financing, insurance, and guarantees in a coordinated manner.

Efforts will be made to enhance cooperation in investment attraction and enterprise services, promoting the long-term development, innovation, and growth of innovative MSMEs in Pingshan District.

9. Strengthen financial support for supply chains. Encourage core enterprises in supply chains to build databases of upstream and downstream MSMEs. Strengthen credit empowerment for MSMEs, and motivate financial institutions to collaborate with core enterprises in developing tailored, specialized supply chain financial products and services, through financing recommendations, transaction information sharing, payment confirmation, or debt/credit relationship confirmation.

10. Regularly organize engagement activities among government, financial institutions and enterprises. Through organizing activities such as “CPC Organizations in Industrial Chains,” “Industrial Chains in Pingshan” and “Financial Service Stations,” a mechanism for collecting enterprises’ financing needs is being established.

Government departments, banks, securities brokerages, insurers, and other financial institutions will regularly host financing service events focusing on industrial parks and MSMEs to provide targeted financing support.