The "Pump and Valve Common Prosperity Loan" program in our county is providing targeted support to facilitate industrial upgrading.
发布时间: 2023-7-8 16:42:02

To promote the transformation, upgrading, and large-scale integrated development of the pump and valve industry, fully leverage its role as a key driver of the economy, and assist Yongjia in building a county-level model for the "Two Health" pilot zone and the common prosperity demonstration area in the new era, the county’s "Pump and Valve Common Prosperity Loan" program has disbursed over 100 million yuan in targeted lending during the first quarter of this year, achieving a mutually beneficial convergence between enterprises and capital.


Last year, the county introduced and implemented the innovative "Pump and Valve Common Prosperity Loan" initiative, driven by financial reform and innovation, with a focus on addressing the high financing costs faced by pump and valve enterprises. The initiative explores the establishment of a comprehensive assessment system for evaluating the financing capacity of pump and valve enterprises. This system rates enterprises based on key indicators such as tax revenue per mu, R&D investment, and operating profit, and provides targeted preferential credit support in terms of credit access, credit quotas, loan interest rates, and collateral methods according to the rating results. Enterprises also benefit from differentiated fiscal incentive policies. This approach shifts the financing model from the traditional "connect first, evaluate later" to "evaluate first, connect later," effectively enhancing financing efficiency and precision.


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The establishment of the "Pump and Valve Common Prosperity Loan" aims to create a precise profile and tiered classification of pump and valve enterprises within the county based on key indicators such as tax revenue per mu, R&D investment, and sales profit margin. This initiative guides banking and financial institutions to provide preferential loans to high-quality pump and valve enterprises, enhances the level of financial support for the industry, and facilitates the formation of a new landscape characterized by intelligent manufacturing, digital transformation, and low-carbon development in the pump and valve sector in the new era. According to a relevant official from the county’s "Two Health" office, this measure will also help absorb local employment for urban and rural residents, guide the private economy to take the lead and demonstrate responsibility in "expanding the middle-income group and raising the low-income group," and contribute to narrowing the "three major gaps."


It is reported that, moving forward, the county will further advance the development of a multi-department collaborative mechanism to support the pump and valve industry. It will establish a comprehensive financing capacity evaluation system centered on the operational capabilities of pump and valve enterprises, providing quantifiable and visual references for bank financing. The county will guide local banking institutions to prioritize the "Pump and Valve Common Prosperity Loan" in offering focused fiscal and financial policy support to pump and valve enterprises that align with industrial development directions and demonstrate promising growth prospects. The goal is to expand the scale of the "Pump and Valve Common Prosperity Loan" to over 1.5 billion yuan and achieve a total loan scale for the pump and valve industry exceeding 6 billion yuan by 2025.

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