Hainan： setting up risk compensation fund pool to help high-tech enterprises land

CCTV News:With the further development of Hainan Free Trade Port, more and more enterprises have landed in Hainan this year. In order to help these start-up high-tech enterprises settle down and develop in Hainan, the Hainan provincial government has set up a risk compensation fund pool to incite market funds and help enterprises develop.

Reporter lin li:This is a farmland in Haikou City, Hainan Province, which is different from the traditional irrigation method. Here, through these photovoltaic modules on my head, combined with this optically controlled water system, solar energy is used to generate electricity and take water. The technician told me that in weather like today, solar power can be generated by 70 degrees per hour, and the water intake exceeds 400 cubic meters. One day’s water can irrigate the surrounding 2,000 mu of farmland.

At present, this advanced irrigation system has been widely used in 18 cities and counties in Hainan Province. But just over a year ago, this company once faced bankruptcy because of its large investment in R&D, slow return of funds and insufficient assets available for mortgage.

In 2021, with the promotion of the Science and Technology Department of Hainan Province and other government departments, a loan product was launched specifically for high-tech enterprises settled in Hainan. The first batch of enterprises in Zhou Xuedong benefited and obtained a credit loan of 4.5 million yuan.

It is understood that the target of this special loan is mainly scientific and technological enterprises certified by Hainan Province. Thanks to the credit risk compensation funds set up by the government, banks dare to expand the scale of credit. By the end of June 2022, 65 enterprises in advanced manufacturing, software application and development, engineering and technical services and other industries had obtained credit.