In the first half of the year, ZGC Sci-tech Guarantee, a member of the ZGC Group, provided 11.1 billion yuan of financing guarantees for 1,365 technology enterprises, of which 533 new "specialized and sophisticated" firms are served.

The 21st Century Space Technology Application Co., LTD is a high-tech company specialized in the field of commercial satellite, with its main business as space remote sensing and data services. Starting from running a single remote sensing satellite, the company has gradually developed to independently operate a constellation of remote sensing satellites and built up a network of ground stations for satellite T&C and receive, and created the remote sensing satellite and application service brand--"Beijing Series".

Due to large investments in construction and R&D in the past two years, the company experienced a stage of financial tension in the first half of this year.  "ZGC Sci-tech Guarantee responded to our application in a timely manner, and completed the approval and lending of 20 million yuan in renewed loan within 10 days, which is highly efficient," said a responsible person of the enterprise. Loans that arrived timely helped the company maintain the overall stability of working capital and tide over the period of financial stress. 

For SMEs requesting loans less than 5 million yuan, the loan speed can be further improved. According to a relevant person in charge, with the help of scientific and technological means, ZGC Sci-tech Guarantee provides “Inclusive Guarantee Services 2.0” in partnership with the Industrial Bank of China, the Postal Savings Bank of China, the Construction Band of China and other traditional banks. The “Inclusive Guarantee Services 2.0”, relying on the intelligent evaluation model based on big data technology, can complete the loan application, data transmission, loan approval, contracting and lending to a batch of SMEs via intelligent on-line operations. This means it can lend to a group of SMEs with just “one click”, and approve and make loans within one day at the fastest.

It is reported that ZGC Sci-tech Guarantee provided inclusive guarantee services for 3,778 SMEs from January to June this year. The total amount of “inclusive guarantees”, with the single amount no more than 10 million yuan, was 8.5 billion yuan and that of standardized “SMEs guarantee”, with the single amount no more than 10 million yuan, was 4.3 billion yuan.