The financial sector in east China’s Jiangsu province has taken the initiative and innovated services in recent years to invest resources in key areas and weak links of the development of the real economy, and contributed to the high-quality development of the province's economy.
Established two years ago, Nanjing Yutian Zhiyun Simulation Technology Co., Ltd. has grown from a small company of 20 to 30 employees to a national high-tech enterprise with more than 130 employees.
Focusing on simulation and virtual reality technology, the company has developed a variety of virtual simulation platform software that is gradually being applied to areas such as intelligent transportation, smart cities, and digital twins. It is expected that this year's output contract sales will reach 100 million yuan.
Affected by the COVID-19 epidemic, the company has frequently encountered capital flow difficulties since the beginning of the year. At the critical moment, the provincial comprehensive financial service platform extended a helping hand.
Since March, the company has received nearly 12 million yuan in loans from banks such as the Bank of Jiangsu and Bank of Nanjing.
As the most basic part of the real economy, small, medium and micro enterprises often face multiple "thresholds" such as insufficient collateral and high guarantee fees in the financing process.
In 2018, the provincial local financial supervision bureau launched the provincial integrated financial service platform with the provincial joint credit investigation company responsible for operation and management.
Since its operation for more than 3 years, this platform has brought together 380 financial institutions across the province, released 2,737 financial products, helped enterprises obtain 1.78 trillion yuan in financing, and supported 180,000 enterprises.
At the same time, the province's financial system has vigorously helped companies with good development momentum to go public, allowing them to seek growth via the capital market.
By the end of 2025, Jiangsu will accelerate the formation of a capital market characterized by advanced manufacturing clusters and strategic emerging industries.
In mid-November, the first batch of 12 enterprises in Jiangsu landed on the Beijing Stock Exchange, ranking first in the country in terms of number.
