CCTV News 8 discarded plastic bottles can make a POLO shirt, and 28 discarded plastic bottles can make a jacket. In the production workshop of Jiangsu Ruibang Technology in Shenghong New Materials Industrial Park, "turning waste into treasure" is no longer a fantasy. With the support of 750 million yuan from Suzhou Branch of Industrial Bank, the production capacity of Ruibang Technology's recycled fiber production line has been expanded to 500,000 tons/year, recycling about 30 billion discarded plastic bottles each year, accounting for 1/6 of the total number of discarded plastic bottles in China, and realizing the green environmental protection and recycling of renewable resources.

Focusing on the high-end, intelligent and green manufacturing industry, Industrial Bank continues to increase and optimize financial supply, empower the transformation and upgrading of the manufacturing industry with high-quality financial services, and promote the pace of building a manufacturing power. As of the end of June 2023, Industrial Bank provided 1.35 trillion yuan of full-caliber financing support for the high-quality development of China's manufacturing industry, of which the balance of manufacturing loans was 646.7 billion yuan, an increase of 14.38% over the end of the previous year, and the growth of manufacturing medium- and long-term loans was 64.37 billion yuan, both of which ranked among the top joint-stock banks.

Promote the greening of manufacturing

As one of the four major photovoltaic component companies, JinkoSolar sold about 30.8GW of photovoltaic components to the world in the first half of 2023, once again becoming the world's largest component shipment champion. JinkoSolar is in the clean energy industry and manufacturing industry, with huge production and sales scale and high investment in technology research and development. At the same time, facing the opportunities and challenges of global operations, it has a high demand for funds and supporting financial services. Industrial Bank fully leveraged the advantages of "commercial bank + investment bank" to help JinkoSolar implement a green debt financing plan of 690 million yuan. At the same time, it leveraged the advantages of group linkage to help JinkoSolar go public on the Science and Technology Innovation Board in 2021, and expanded its financial services to green finance, investment banking, transaction banking, international business, financial leasing and other fields.

JinkoSolar

The greening of manufacturing is an inevitable requirement for new industrialization and a necessary part of Chinese-style modernization. In recent years, China has coordinated the promotion of green and low-carbon transformation of traditional industries and the cultivation and expansion of new energy industries, and accelerated the construction of a green manufacturing industry system. In particular, the "new three" represented by electric vehicles, photovoltaic products, and lithium batteries have become the new business cards of "Made in China".

Compared with old energy companies such as JinkoSolar, Honeycomb Energy can be said to be a pioneer in lithium battery production. After years of technology research and development and market expansion, the current installed capacity of power lithium batteries has been firmly ranked seventh in the industry. Three years ago, Industrial Bank took the lead in the industry and decisively provided it with much-needed project loans with its keen business insight and market judgment. It also participated in the company's B+ round of financing through group members, opening a cooperative journey of growth for both parties. At present, Industrial Bank has provided nearly 3.3 billion yuan in credit support for its projects in Changzhou, Nanjing, Ma'anshan, Huzhou, Suining and other places, becoming one of the most stable partners on Honeycomb Energy's growth path.

Focusing on serving the "dual carbon" strategy and promoting the green transformation of the manufacturing industry, Industrial Bank has accelerated the layout of new tracks in energy finance and automobile finance, and has taken new energy manufacturing industries such as new energy vehicles, photovoltaics, wind power, and energy storage as key areas of financial support, and increased credit investment. By the end of June 2023, the bank had established cooperative relations with 7,751 new energy enterprises in China, and the balance of green loans in the clean energy industry was 157.003 billion yuan, an increase of 18.35% over the end of the previous year.

Solving the "stuck neck" problem

"In January 2018, we were preparing to acquire Nexperia, hoping to fill the gap in the IDM field of Chinese automotive semiconductors through mergers and acquisitions. It was at that time that we met Industrial Bank." A relevant person in charge of Wingtech Technology recalled, "It was the Spring Festival at that time. The staff of Industrial Bank gave up their precious holiday rest time and quickly set up a working group to conduct due diligence. They were not the first bank we contacted, but they were the first bank to come up with a feasible plan." With the professional and efficient financial support of Industrial Bank, Wingtech Technology has achieved the largest semiconductor merger and acquisition case in the history of China's industry and became the only IDM company in China.

In the first half of 2023, Industrial Bank's loan scale to the semiconductor industry exceeded 20 billion yuan

Semiconductors are a representative industry of advanced manufacturing and a key area for China to solve the "stuck neck" problem. In the first half of 2023, Industrial Bank's loan scale to the semiconductor industry exceeded 20 billion yuan, supporting key enterprises such as Shanghai Microelectronics, Shenyang Xinyuan Micro, Zhongjing Hecheng Integrated, Dingtai Jiangxin, Hantian Tiancheng, and Jiejie Microelectronics to cross the periodic fluctuation cycle and accelerate the realization of domestic independent innovation substitution.

To break through the "stuck neck" problem, scientific and technological self-reliance is a prerequisite. Science and technology enterprises are the main force of scientific and technological innovation. Based on the characteristics of light assets, high growth and high risks of science and technology enterprises, Industrial Bank has built a comprehensive service system of science and technology innovation finance that matches them, and actively explored new tracks and new spaces for science and technology innovation finance. As of the end of June this year, Industrial Bank served 61,400 science and technology innovation enterprises, an increase of 18.76% over the end of last year

As we all know, financing for science and technology innovation enterprises is often in a dilemma due to the lack of collateral and difficulty in assigning value to technology. Industrial Bank, however, has taken a different approach and launched an innovative "technical flow" credit evaluation system, which evaluates the company's historical performance and future prospects, evaluates the company's financial "three statements" and evaluates the company's scientific and technological innovation capabilities "fourth statement", and examines the company from 15 dimensions such as invention patents, scientific research teams, and technological advantages, so that the company's "soft power" can be turned into financing "hard currency", which greatly improves the coverage and accuracy of serving scientific and technological innovation companies. At present, Industrial Bank has approved financing for scientific and technological innovation companies with an amount of more than 1 trillion yuan through the "technical flow" credit evaluation system.

Expanding the Park Carrying Platform

The park is an important carrier platform for advanced manufacturing, an incubator for scientific and technological innovation, and the main battlefield for financial services to support the high-quality development of the real economy. Industrial Bank regards park finance as a key tool for serving the transformation and upgrading of the manufacturing industry and one of the five new tracks for key layout. It focuses on various park entities and industrial clusters, provides comprehensive and diversified financial services, and helps the clustered development of advanced manufacturing. At present, the bank serves nearly 400,000 park and park-based customers, and the scale of park financial assets exceeds 2 trillion yuan.

Industrial Bank focuses on various park entities and industrial clusters, providing comprehensive and diversified financial services

The Dadi Industrial Park is a "specialized, sophisticated and innovative" enterprise incubation base located in Chongqing Liangjiang New Area. It is a key link in the Chongqing Liangjiang New Area Science and Technology Innovation Base built by the Ministry of Science and Technology. After its full completion, it is expected to house more than 250 biopharmaceutical, medical device, and inspection and testing related companies. After learning that the second phase of the "Dadi (International) Life Science Park" project was in urgent need of financial support, the Chongqing Branch of Industrial Bank quickly provided nearly 500 million yuan in financing for the development, construction and operation of the park.

The Aobei Science Park in Beijing is a key project of the third phase of Zhongguancun Dongsheng Science Park. It has now housed more than 60 companies, including 30 high-tech companies and more than 2,000 scientific researchers. It has also cultivated 8 world-class unicorn companies such as Bitmain, Suirui Technology, and Hillstone Network Technology, 19 specialized, sophisticated and innovative companies, and 22 companies that have been listed or are about to be listed. It has developed into an industrial cluster dominated by artificial intelligence, big data, robots, and TMT industries.

"On the basis of providing open operation loans to Aobei Science and Technology Park, our bank has accelerated the launch of the park's ecological service platform, and at the same time promoted the integrated operation of commercial investment banks to provide a package of comprehensive financial service solutions for enterprises and individuals in the park." A relevant person in charge of the Beijing Branch of Industrial Bank said.

It is understood that the Industrial Bank Park Ecological Service Platform was independently developed by Industrial Bank, providing various entities in the park with full-process, online solutions covering housing investment, property services, financial management, payment settlement, intelligent salary calculation, and salary payment. It has been promoted and put into use in 162 parks in more than 60 cities in China, effectively helping industrial parks improve operational efficiency and corporate service levels.

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