Recently, in order to further optimize the business environment of our city and serve the financing of science and technology enterprises in a better way, the Municipal Science and Technology Bureau and the Municipal Finance Bureau have researched and formulated a document titled the Administrative Measures for the Use of Loan Risk Compensation Funds for Science and Technology Enterprises in Sanmenxia City. Besides, the financial services center set up a business window for science and technology loan and started the implementation of municipal-level science and technology loan business.

The business of science and technology loan is a kind of new loan business which guides cooperative banks to reduce the requirements for mortgage and pledge of physical assets of science and technology enterprises and provides 50% risk compensation for actual losses incurred by cooperative banks mainly through the establishment of a risk compensation fund for technology-based enterprise loans and a risk compensation mechanism. This business breaks the traditional  credit model of the bank and effectively reduces the financing cost of science and technology enterprises.

In the next step, the Municipal Science and Technology Bureau will continue to practice the mission and responsibility of the science and technology department in financial innovation and alleviating financing difficulties for science and technology enterprises. Furthermore, it will combine the integration of technology and finance with industrial transformation and upgrading in a better way starting with science and technology loan. In this way, it can provide solid technological support for the healthy development of science and technology enterprises in the city.