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在线翻译:
szdaily -> Nanshan -> 
New loan program for tech SMEs
    2010-11-15  08:53    Shenzhen Daily


 


 


 


 


 


 

   

    Han Ximin

    NANSHAN District Science and Technology Bureau will sign an agreement with Hangzhou Bank on Wednesday at the China Hi-Tech Fair, initiating an incubation loan program for small and medium tech enterprises.

    According to the program, the bureau will deposit 15 million yuan (US$2.25 million) in the bank, of which 10 million yuan will be used as reserve funding for bad loans. The remaining 5 million yuan will be used as an interest subsidy reserve fund.

    In return, the bank will be obliged to extend loans up to 10 times the amount the bureau has granted to recommended high-tech enterprises.

    If any of the firms running into financial difficulty, the reserve fund will be used to pay 50 percent of the outstanding loans, with a ceiling of 3 million yuan. Enterprises that perform well and pay off their loans on time will gain a 3 percent interest subsidy.

    “This mechanism shares the risk of bank loans and relieves the financing difficulties faced by enterprises. It will help enterprises in Nanshan get loans of at least 100 million yuan a year,” Zhu Jianping, head of the bureau, said at an interview Thursday, days ahead of the China Hi-Tech Fair.

    Also at the fair, the Shenzhen Nanshan Hi-tech Incubator will sign a deal with China Construction Bank to establish a 300 million yuan fund, with half to be invested in Internet, new energy, bio-tech and smart grid projects in Nanshan District.

    The bureau has arranged for 118 enterprises to participate in the high-tech fair, 80 of which have independent booths in halls 1, 2 and 3. Most enterprises are in the fields of new energy, light-emitting diodes (LEDs) manufacturing, automobile electronics, energy saving coating, bio-medicine and industrial design.

    Meanwhile, Nanshan District’s four industrial parks — Shenzhen IC Design Industrial Park, Shenzhen Military Technology Entrepreneurs’ Park, Nanshan District Smart Grid Industrial Park, Shenzhen Donghua Design House Entrepreneurs’ Park — will open tomorrow, to coincide with the opening day of the fair.

    The four parks are engaged mainly in integrated circuit (IC) technology applications, civilian use of military technology and smart power grid technologies.

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