Cross-border financing channels for small, medium and micro high-tech enterprises and "specialized, specialized, and new" enterprises have been expanded.Recently, the State Administration of Foreign Exchange issued the "Notice on Supporting High-tech and "Specialized, Specialized and New" Enterprises to Carry out the Pilot Program of Cross-border Financing Facilitation," and decided to further expand the pilot program to facilitate more high-tech and "specialized, specialized, and new" enterprises in the Independent borrowing of foreign debts within a certain amount to help enterprises accelerate innovation and development.
The main contents of the "Notice" include: firstly, to expand the scope of the pilot areas, from the specific areas of 9 provinces (cities) in the early stage to all areas of 17 provinces (cities); On the basis, new "specialized, specialized, and new" enterprises will be added; the third is to increase the pilot quota, and the facilitation quota of high-tech and "specialized, specialized and new" enterprises in the nine provinces (cities) that have been piloted has been uniformly increased to the equivalent of 10 million Dollar.
High-tech and "specialized, specialized, and new" enterprises are an important force for innovation-driven development."Further expand the pilot program of cross-border financing facilitation, allow enterprises to make better use of two markets and two resources, expand financing channels for small, medium and micro innovative enterprises, reduce corporate financing costs, and help stimulate the vitality of micro market players such as small, medium and micro enterprises. Stabilize employment and stabilize the overall economic market." Zhou Maohua, a macro researcher at the Financial Market Department of China Everbright Bank, said that for "specialized, specialized and new" enterprises, the expansion of the pilot program has broadened the financing channels of enterprises, and will promote small, medium and micro enterprises to invest more funds Invest in scientific and technological innovation research and development and production, enhance the company's own innovation and research and development capabilities, and promote the development and growth of scientific and technological innovation enterprises in pilot areas.At the same time, due to the substantial expansion of the pilot provinces, it will benefit more "specialized, special and new" enterprises in more provinces, which will help reduce the financing costs of enterprises.
It is understood that for the borrowing of foreign debts by enterprises, the regulatory authorities generally adopt a unified macro-prudential management, and one of the important parameters is net assets.High-tech small, medium and micro enterprises and "specialized, special and new" enterprises generally have very little net assets. If they are managed according to macro-prudence, it is difficult to raise funds from abroad.Therefore, the regulatory authorities specially issued the "Notice", which is not calculated according to the net assets of these enterprises, but gives a certain amount, within which the enterprise can borrow foreign debts on its own.
It is worth noting that the foreign exchange bureau has stipulated the qualifications of pilot enterprises.The enterprise should be a non-financial enterprise (except real estate enterprises and local government financing platform enterprises) registered in the pilot area, established for more than one year (inclusive) and has actual business activities, and has obtained the high-tech or "high-tech" or "" It is a "specialized and special new" enterprise, and there is no foreign exchange administrative penalty record in the past two years.
"With regard to foreign debt facilitation, there is also the simplification of foreign debt account management. From April to May this year, the number of accounts opened decreased by 40% year-on-year, which effectively saved the cost of enterprise management." Wang Chunying, deputy director of the foreign exchange bureau and spokesperson, introduced, next, the foreign exchange bureau It will guide the pilot regions to implement policies and measures, improve the level of cross-border investment and financing facilitation, continue to optimize the business environment, support the high-quality development of the real economy, and help stabilize the macro economy.
(Editor in charge: CF009)
