In November, ZGC Sci-tech Guarantee launched a new variant of product ---Programme 2.0 for Specialized and Sophisticated SMEs.

The new product enhances its service capability and improves its service efficiency without reducing its risk control level, effectively assisting the construction of the sci-tech innovation financial reform pilot zone.

Programme 2.0 is a special guarantee product for firms in the “List of Specialized and Sophisticated SMEs”.

ZGC Sci-tech Guarantee adopts standardized and personalized methods to approve guarantee applications, providing preferential rates. Using the pledge of core IP as an important counter-guarantee scheme, the new product facilitates asset-light innovative SMEs to obtain financing support.

Considering the financing needs of Specialized and Sophisticated SMEs, ZGC Sci-tech Guarantee increases the guarantee limit for a single firm from 10 million yuan to 15 million yuan, to meet their large financing needs.

Meanwhile, it designs a simple guarantee limit calculation model, which is a function of the subject rating result derived from its guarantee rating system, to help business personnel determine the basic guarantee limit of an enterprise, further improving the efficiency of business operation.

Within a month of its launch, Programme 2.0 has provided nearly 400 million yuan of financing guarantee for more than 70 eligible companies, taking another solid step towards solving the problem of “slow, difficult, expensive and less” financing for innovative high-tech enterprises.