| Sci-tech is the first productivity,finance is the core of modern economy.Promoting sci-tech together with the development of the industry and financial industry,has important and practical significance,not only for China’s response to the global financial crisis,but also for SMEs(small and mid-sized enterprises)to explore the future development trend,to improve the independent innovation ability and international competitiveness of important strategy.As an underdeveloped region in central China,Jiangxi province vigorously implements innovation-driven development strategy to achieve innovation-driven development and green rise.Jiangxi province strives to build an innovation-oriented province,and has made beneficial practical exploration in developing Fin-Tech(finance of science and technology),and supporting investment and financing of sci-tech based enterprises.In 2016,as the capital of Jiangxi province,Nanchang City was approved as the second batch of pilot cities in China to promote the integration of Fin-tech.Since the pilot work was carried out,Jiangxi province’s Fin-Tech work has entered a fast track.Through a series of measures such as policies,platforms and strong investment,the work of Fin-Tech has achieved certain results.However,overall speaking,Jiangxi’s financial industry is not efficient in supporting the transformation of achievements of sci-tech based SMEs,and the problem of difficult and expensive financing for sci-tech based SMEs has not been effectively improved,which is reflected in the insufficient supply of innovation of Fin-tech products,insufficient utilization of multi-level capital market,and absence of government supervision.As the main body of Fin-tech,sci-tech based SMEs,which play an important role in the national economy,are the backbone of the national economic development.They have the characteristics of short construction cycle,less capital,flexible management mode,strong decision-making power,and rapid transformation of business model,etc.They are unmatched by large enterprises especially in terms of operating efficiency and flexible management system.However,for a long time,rapid growth of sci-tech based SMEs are limited by the shortage of funds and narrow financing channels.Under the circumstance that enterprises lack of mortgageable assets,China’s intellectual property transaction is not mature,and the credit investigation system is not perfect,direct financing channels such as the capital market obviously cannot fundamentally change the current situation of enterprisefinancing problems.Therefore,it is urgent to strengthen financial support,innovate scientific and technological financial models and products.In order to guide commercial banks to increase credit support for sci-tech based SMEs and give better play to the leverage of financial funds,Jiangxi province launched the scientific and technological credit product of government&bank cooperation--“Kedaitong”.The business through the provinces and cities set up the credit risk compensation of financial capital,the bank amplified 6-8 times leverage to make loans to qualified sci-tech based SMEs,loan risk appears after the government is limited to compensation for compensation.At present,the loan business has launched in China Construction Bank,Bank of Communications,Jingdezhen Bank of Agriculture and Commerce,Bank of China,Bank of Jiangxi and so on.By the end of 2018,“Kedaitong” has covered 116 sci-tech based SMEs,the total amount of loans has up to 250 million yuan.In order to promote the sustained and healthy development of the loan business,Jiangxi “Kedaitong” loan business was put as a case in the paper,that analyzed the existing problems and their causes in the process of business operation,and promoting suggestions for banks and the government to optimize credit business model and function.This paper first described the definition of relevant concepts and the development status of Fin-tech in Jiangxi province,and then introduced the background,capital source,operation process and development situation of the establishment of Jiangxi“Kedaitong”,and analyzed the effect and enlightenment of the product.Third,by discussing problems in the process of concrete operation,we found many problems,like the lack of sci-tech guarantee agencies’ joining the business,excessive reliance on the government funds,banks’ reluctance to lend,most of the objects of funding are enterprises in the middle and late stage of growth,and the application procedure is multifarious,and most banks have no professional tech-credit team.Then the paper analyzed the reasons for these problems through the combination of financing within the framework of various stakeholders behavior,the reasons are lack of credit basis for sci-tech based SMEs,imperfection management of intellectual property and sci-tech credit guarantee system,lack of bank mechanism of examination and approval for Fin-tech,and lack of financial compound talents of sci-tech.Finally,based on the above analysis,the paper put forward optimization strategies of Jiangxi “Kedaitong”respectively from two aspects: the government and the bank.For the government,which is the maker and supervisor of policy,should optimize the financing mode of“Kedaitong” from four aspects: improving supervision,improving the system of technology insurance and technology guarantee,establishing and improving a credit investigation system for sci-tech based SMEs,building a team of Fin-tech talents.At the bank level,it is mainly to develop detailed process management and risk control measures,strengthen the construction of its professional team,establish differentiated technology credit assessment mechanism,and strengthen cooperation with guarantee companies to improve the quality and reduce the risk of “Kedaitong” in Jiangxi Province. |
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