On October 21, “ZGC Online Financing Service Platform for Enterprises”, co-foundered by ZGC Development Group, was officially released, marking that online and offline techfin services are open in ZGC Demonstration Area. ZGC financial service plan was also launched at the same time, planning to loan hundreds of billions of yuan to tens of thousands of firms.

Characterized by integrating “information chain, credit chain and financing chain”, the service platform, operated by ZGC Financial Service Company, offers online financial services for sci-tech firms in three financing areas of capital markets, supply chains and credit transactions. 

Adhering to the basic principle of openness and sharing, the platform will make full use of fintech approaches to provide public policy services and market value-added services. During the trial operation, it has attracted more than 350 service agencies and introduced around 890 service projects, lending about 1.96 billion yuan in total. Meanwhile, it has offered 33 training sessions for more than 4,300 people on enterprise listing and financing.

As an effective measure to improve the platform’s service ability, ZGC Financial Service Plan was also launched at the same time, planning to loan hundreds of billions of yuan to tens of thousands of firms.

The service plan contains a premium variety of innovative financing products, including guarantee, lease and listing services for high-tech firms. It will gradually introduce other new products and services, such as supply chain finance and credit transactions and so on.

Going forward, ZGC Financial Service Company is going to provide more than 100 bn yuan of funds to over 10,000 high-tech enterprises within three years, incubating more than 100 companies to go public at home and abroad.

At the conference, ZGC Financial Service Company signed strategic cooperation agreements with ICBC, Postal Savings Bank of China, Bank of Beijing, Shanghai Pudong Development Bank, Ping’an Bank and other institutions, helping the platform enhance its service effectiveness and play a better role in funding and servicing enterprises. According to the strategic agreement, the platform will provide 20-billion-yuan financial support for high-tech firms in Zhongguancun, effectively alleviating difficulties in accessing affordable financing  for sci-tech enterprises.