On September 22, the reporter learned from Huaihua Industrial and Information Technology Bureau that Huaihua is actively fostering a virtuous cycle of industry and finance, promoting the balanced development of indirect and direct financing, unblocking diversified financing channels, effectively reducing corporate financing costs, building an industry-finance cooperation ecosystem featuring the deep integration of industry, finance, and technology, establishing an industry-finance community, and striving to become a national model for industry-finance cooperation.
The evaluation of national pilot cities for industry-finance cooperation is a major initiative to enhance financial support for new industrialization and explore new models and paths for industry-finance cooperation. In 2024, Huaihua became the only city in Hunan Province included in the third batch of national pilot cities for industry-finance cooperation.
It is learned that in order to effectively leverage policy opportunities and advantages to promote the high-quality development of its manufacturing industry, Huaihua has set overall goals to advance its development as a national pilot city for industry-finance cooperation.
—Huaihua will boost industrial development. The city will move faster to develop the “5+10” modern industrial system supported by advanced manufacturing, develop Huaihua Hi-tech Industrial Development Zone and Huaihua International Land Port Economic Development Zone into pilot parks for industry-finance cooperation, and strive to foster at least two characteristic industrial clusters of small and medium-sized enterprises at or above the provincial level during the three-year pilot period.
—Huaihua will expand financial services. The city will establish an industry-finance cooperation platform covering key industrial chains across the city, adopt the approach of “one industrial chain, one policy, one lead bank”, achieve an average annual increase of over 100 in the number of micro, small, and medium-sized enterprises receiving first-time loans, bring the average annual growth rate of outstanding loans to manufacturing to over 20%, and bring the growth rate of outstanding medium- and long-term loans to over 25%.
—Huaihua will support enterprises in going public. The city will advance the “Golden Furong” initiative for the listing of enterprises, focus on advanced manufacturing, and increase financial support for the tiered development of enterprises that use special and sophisticated technologies to produce novel and unique products. The city will strive to create a number of exemplary cases of national industry-finance cooperation and promote the steady growth of the number of enterprises ready to go public.
To achieve the above goals, Huaihua has identified five key measures, including strengthening government guidance and policy coordination; optimizing financial supply and making efforts on multiple fronts; focusing on small and medium-sized enterprises and improving the financial ecosystem; leveraging platforms and improving services; innovating financial products and enhancing financing guarantee.
An official from Huaihua Industrial and Information Technology Bureau said that to strengthen innovation-driven development, Huaihua will encourage and support enterprises to establish a modern enterprise system and promote technological innovation, model innovation, and new product R&D. The city will support financial institutions in developing innovative financial products and improving service quality through new models and new forms of business.
Huaihua will fully implement the policy of “introducing talents to Huaihua” to attract high-level industry and leading financial professionals (teams), strengthen talent cultivation, and stimulate local innovation. The city will introduce advanced technologies through market and capital and introduce industrial capital through market and technology, thereby achieving innovation-driven development.
Meanwhile, Huaihua will improve the business environment, carry out activities to enhance policies, care and confidence, continuously deepen the reforms to streamline administration and delegate power, promote the implementation of policies to integrate multiple certifications and licenses into one consolidated business license and issuing business licenses before administrative permits, and reduce administrative approval time. The city will deepen the initiative of “internet plus government services”, expand the coverage of the “one-stop services” and “one-trip” reforms, and effectively improve government service efficiency.
“We will strengthen the collection and sharing of credit information and the implementation of joint credit rewards and penalties and accelerate the development of a new credit-based regulatory mechanism.” The official said that industrial and information technology authorities across Huaihua City will proactively offer on-demand and considerate services for enterprises, to help them overcome their difficulties and effectively enhance their sense of gain.
(Translated by Professor Yu Jie)