Working towards “new” and building an ecology together: Zheshang Bank adds momentum to the integrated development of the Yangtze River Delta

From the breakthrough of Hangzhou ‘s Six Xiaolong Technology, to Shanghai’s Zhangjiang hard-core innovation, Nanjing Zijinshan Laboratory’s 6G communication key technology breakthroughs, to the intelligent manufacturing upgrade of Suzhou Industrial Park, and Hefei Quantum Avenue’s global leadership, the Yangtze River Delta region is integrating and high-quality. With the theme of quality, it has emerged as a new highland of the global digital economy and a source of technological innovation. Zheshang Bank gave the answer to how to take advantage of the momentum and use finance to help the Yangtze River Delta’s high-quality integrated development of a new ecosystem.

On February 28, Zheshang Bank, together with six institutions including the Financial Services Committee of the Zhejiang Merchants Association and the Zhejiang Province Financial Industry Development Promotion Association, issued an initiative to support the new ecosystem of high-quality integrated development in the Yangtze River Delta, and clearly proposed to jointly build a multi-level industrial financial service system, jointly optimize science and technology financial support mechanisms, and create a new model of comprehensive financial services in the county.

Lu Jianqiang, Chairman of the Financial Services Committee of the Zhejiang Commercial Association, Secretary of the Party Committee and Chairman of Zhejiang Commercial Bank, said that Zhejiang Commercial Bank will take the county’s comprehensive financial ecological construction as the entry point, starting from Linping, Hangzhou, and promote it to the Yangtze River Delta and even the whole country, and promote the county’s comprehensive financial ecological construction model is iteratively upgraded from 1.0 to 2.0 and 3.0 to better support the high-quality integrated development of the Yangtze River Delta. On the same day, Zheshang Bank Nanjing Branch signed cooperation agreements on county and district comprehensive financial ecological construction with many districts and counties under its jurisdiction such as Nanjing, Yangzhou, Yancheng, and Nantong to promote the 3386 Linping model of county comprehensive financial ecological construction.

Why does Hangzhou and the excellent business environment in districts and counties help scientific and technological innovation enterprises leave the circle?

Recently, Hangzhou’s Six Little Dragons have become popular. Six hard-core technology companies, including Yunshen Technology and Yushu Technology, have stunned the outside world with cutting-edge technologies such as humanoid robots and artificial intelligence, triggering extensive discussions on why Hangzhou can cultivate the Six Little Dragons. Analysis believes that the success of Hangzhou’s Six Little Dragons is inseparable from the excellent business environment created by the districts and counties where they are located that integrates policies, funds, services and supporting facilities.

In addition, the talent highland strategy implemented by provincial and municipal governments is superimposed on industrial support policies to build a service system covering the entire life cycle of enterprises. The reporter learned that in this hot land for innovation, financial institutions such as Zheshang Bank are deeply involved in the construction of innovation ecosystems, and provide all-round services to scientific and technological innovation enterprises through innovative measures such as practicing the financial advisory system and creating a comprehensive county financial ecosystem. The talent scoring card science and technology innovation points loan launched by Zheshang Bank has provided more than 360 billion yuan in financing support to Hangzhou technology-based enterprises, helping hard-core technology enterprises achieve leapfrog development.

Take Linping District as an example. It has both traditional manufacturing bases and new digital economic formats. Diversified industrial forms provide rich application scenarios for financial innovation. It is reported that based on the actual situation in Linping District, Zheshang Bank has joined hands with local governments to build a tripartite collaborative mechanism of government guidance + empowerment by the Financial Services Commission + participation by financial institutions, creating a district and county financial operation quality indicator system, a Financial Services Bao Small and Micro Digital Intelligence Platform and Wealth Management The three major tools of N-course training courses effectively improve the government platform financing model, promote the iterative reduction of corporate costs and the overall improvement of social financial awareness, and open up the last mile of financial services. Data shows that the bank has served more than 150,000 small and medium-sized enterprises in the Yangtze River Delta through digital means, helping to continuously optimize the regional science and technology innovation ecosystem.

Financial empowerment and exploring new paths for high-quality integrated development in the Yangtze River Delta

With a land area of 4%, the three provinces and one city in the Yangtze River Delta gather 17% of the country’s population, 70% of the country’s top 100 counties, and create nearly a quarter of the country’s total economic output. Can it seize the opportunity and become a new highland of the global digital economy and a source of technological innovation? Experts and scholars have given affirmative answers.

Zheng Yumin, consultant of the Zhejiang Commercial Association, said that the high-quality integrated development of the Yangtze River Delta has a profound historical culture, geographical location and industrial layout foundation. To promote the integrated and high-quality development of the Yangtze River Delta, finance will provide important driving force. We must insist on putting functionality first, actively practice the concept of good-based finance, give full play to the role of financial factors to optimize the regional financial ecology, do a good job in the construction of comprehensive financial ecology in counties, and strengthen The construction of business environment will jointly weave a beautiful blueprint for the integrated development of the Yangtze River Delta.

Lu Jianqiang believes that the Yangtze River Delta has a solid economic foundation and coordinated regional development. It is time and momentum to create a new ecosystem of high-quality integrated development with no boundaries for innovation and no barriers to coordination. To this end, the financial industry must firmly grasp the changes in functional positioning based on returning to the original intention of serving, the changes in digital and intelligent business formats based on digital technology, and the temporal changes based on high-quality development in the stock era, and use four major changes to enhance the quality and efficiency of finance in the Yangtze River Delta. Integrated development, from serving individual enterprise financing to serving the entire industrial ecology; from pawnshop finance that relies on real estate and mortgage guarantees to scenario finance that relies on data and algorithms; From license-centered special services to customer-centered comprehensive services; from hunter-style operations to farming-style companionship.

Specifically, focusing on the construction of comprehensive financial ecology in counties and constantly iterating is a useful exploration for finance to help high-quality integrated development in the Yangtze River Delta. The system has been replicated and promoted in 74 districts and counties across the country, covering 22 provinces across the country. It is reported that financial institutions represented by Zheshang Bank will establish a pilot project for county comprehensive financial ecological construction in the Yangtze River Delta region, further replicate and promote the 3386 Linping model, rely on the financial advisory system, and focus on the three major entities: government, enterprise, and social., make good use of the three major tools, implement eight measures including the district and county financial risk physical examination mechanism, explore and create a new model of county comprehensive financial services, and serve as a comprehensive financial family doctor for enterprises. The government’s financial soldiers and the society’s anti-fraud advocates create a more high-quality and efficient financial ecosystem. In the future, we will introduce good financial innovations from all over the country and even around the world, promote the iterative upgrading of the county comprehensive financial ecological construction model from 1.0 to 2.0 and 3.0, and better support high-quality integration in the Yangtze River Delta.

On the same day, Zheshang Bank Nanjing Branch signed contracts with seven districts and counties including Yuhuatai District, Gulou District, Lishui District, and Pukou District of Nanjing City, Yizheng City of Yangzhou, Dongtai City of Yancheng and Hai ‘an City of Nantong to carry out county-level comprehensive financial ecological construction cooperation.

While strengthening the drip irrigation of finance on the real economy, many experts unanimously called for the government, regulators and finance to strengthen coordination in financial infrastructure interconnection, cross-regional financial supervision coordination, building a financial information sharing platform in the Yangtze River Delta, and exploring regional financial integration. Institutional opening and other aspects will work together to create a new situation for integrated development.