(June 14, 2024)

JDFB G [2024] No. 10

Attention: all the relevant units in the District:

In order to thoroughly implement the spirits of the documents such as the Several Opinions on Further Promoting the Development of the Small and Medium-sized Enterprises and the Management Measures for the Special Funds for the Development of the Small and Medium-sized Enterprises, further promote the high-quality development of the small and medium-sized enterprises in Jing'an District, reduce their financing costs and create a good business environment, the Implementation Measures for the Financial Subsidy for Further Supporting the Financing Loans of the Small and Medium-sized Enterprises are now formulated, and you are required to implement them conscientiously.

Implementation Measures for the Financial Subsidy for Further Supporting the Financing Loans of the Small and Medium-sized Enterprises

In order to thoroughly implement the spirit of the State Council's Several Opinions on Further Promoting the Development of Small and Medium-sized Enterprises and the Ministry of Finance's Management Measures for the Special Funds for the Development of the Small and Medium-sized Enterprises, further promote the high-quality development of the small and medium-sized enterprises in Jing'an District, reduce their financing costs, and create a good business environment, the Implementation Measures for the Financial Subsidy for Further Supporting the Financing Loans of the Small and Medium-sized Enterprise are hereby notified as follows:

I. Scope of Support

1. The scope of support covers the small and medium-sized enterprises that are registered with tax management in this District and operate with integrity and legality. (The small and medium-sized enterprises are recognized and divided according to the enterprises designated by the Ministry of Industry and Information Technology with the other related departments [2011] No. 300 Document)

2. The enterprise classification includes but is not limited to the following enterprises that conform to the industrial orientation of Jing'an District (commercial and trade service industry, financial service industry, data intelligence industry, professional service industry), with high technological contents, good market prospects and business modes for employment positions and so on.

3. The enterprises that have been awarded the titles such as the Shanghai High-tech Enterprise and the Certified Enterprise with Shanghai High-tech Achievement Transformation Projects; Shanghai Science and Technology Little Giant Enterprise and Little Giant Cultivation Enterprise; the enterprises that have obtained the State and Shanghai Innovation Fund projects, and recognized as the innovative enterprises in Shanghai by the Shanghai Science and Technology Commission; the small and medium-sized enterprises recognized as the "specialized, refined, differential and innovative" enterprises in the urban areas.

4. The enterprises that contribute to this District’s social development, economic transformation, employment promotion and livelihood security.

5. The enterprises with the growth business modes.

II. Supporting Contents

A total of 5 billion yuan of the special loans for assisting the enterprise development shall be provided by the banks stationed in this District, and the quotas of the 5 billion yuan of the special loans for assisting the enterprise development shall be negotiated and issued by the relevant departments of the District People’s Government (the District finance, District financial office) together with the various banks stationed in this District. The loan disbursement interest rate shall be reduced by 20 basis points according to the loan market’s loan prime rate (LPR). The time limit shall not exceed 3 years based on the the maturity of IOUs. After obtaining the loan principal and paying the interest, the enterprises shall get 20% interest subsidy of the loan interest they actually paid from the government within one year, with a maximum subsidy amount of 500,000 yuan.

III. Financing Loan Channels

1. The enterprises may choose to apply for the financing loans from the local banks on their own.

2. The original investment units of each sub-district office and township shall regularly send the list of the enterprises with financing needs to the District Finance Bureau, and the District Finance Bureau shall recommend the list to the relevant banks stationed in this District.

3. The relevant industrial departments in this District shall recommend the lists of the enterprises with financing needs that they serve, and recommend them to the relevant banks stationed in this District.

IV. Subsidy Application Process

1. Each commercial bank stationed in this District shall regularly submit the lists of the enterprises and the amount of the 5 billion yuan special loan to the District Finance Bureau every quarter.

2. After the enterprise loans mature and the enterprises repay the principal and interest, the commercial banks stationed in this District shall uniformly apply for the interest subsidies on behalf of the enterprises to the District finance.

3. The enterprises may also apply for the subsidies from the District finance with the relevant materials.

V. These Implementation Measures shall be implemented for one year from the date of promulgation of these policies.