China Banking Regulatory Commission on the commercial banks to improve and strengthen financial services to high-tech enterprises guidance The Banking Council, the policy banks, state-owned commercial banks, joint-stock commercial banks, financial asset management companies, the State Post Bureau Post, the China Banking Regulatory Commission the direct supervision of the trust companies, finance companies, finance leasing companies: For the implementation of "national scientific and technological development and long-term planning framework (2006-2020)" a number of supporting policies, support and incentives to create the financial environment of independent innovation, to guide commercial banks to improve and strengthen financial services to high-tech enterprises, the Chinese Banking in accordance with relevant state laws and regulations, the following

guidance. The first article in this article referred to as commercial banks, including state-owned commercial banks, joint-stock commercial banks, urban commercial banks, rural commercial banks, rural cooperative banks and rural credit cooperatives. In addition to policy banks, other financial institutions in the banking sector may be the light of the implementation. Referred to in this article refers to the high-tech enterprises and the provincial Ministry of Science and Technology, autonomous regions and municipalities, the city plans to separate science and technology administrative department under the "National Hi-Tech Industrial Development Zone, high-tech enterprises that the conditions and methods" (National Science angry words 〔2000〕 No. 324), "National Hi-Tech Industrial Development Zone, outside the high-tech enterprises that the conditions and methods" (National Science angry words 1996No. 018) and "on the National Hi-Tech Industrial Development Zone, outside the high-tech enterprises related to the implementation of the provisions of that notice "(National Science2000 fire 120) finds that business. The second commercial bank to establish a sense of financial services technology, should be followed manage their own business, at his own risk and the principle of operation of the market, and promote independent innovation capacity and science and technology industries, high-tech enterprises to achieve the financial services business can be sustainable development. The third commercial bank shall, in accordance with the characteristics of financial needs of high-tech enterprises, improve business processes, internal control and risk management to improve and strengthen services for high-tech enterprises. Article IV should be the focus of commercial banks to strengthen and improve the following services to high-tech enterprises, according to the national industrial policy and investment policy and actively support the granting of credit: (A) commitment to "national scientific and technological development and long-term planning framework (2006-2020)" identified "priority areas and priority themes," "major projects" and "cutting-edge technology," the development of enterprises; (B) the right shoulder there is approval by the state of the national and provincial high-tech project projects with independent intellectual property rights, is expected to form a new industry of high-tech achievement transformation projects and the commercialization and industrialization of scientific and technological achievements of the more mature business ; (C) are the electronic and information (especially the software and integrated circuit), modern agriculture (in particular, the industrialization of agricultural science and technology scientific research institutes and agricultural technology promotion project), bioengineering and new medicine, new materials and applications, advanced manufacturing, aerospace, new energy and highly efficient energy-saving, environmental protection, marine engineering, nuclear applied technology and other high-tech content, high value-added, high-growth industries; (D) product technology at the leading domestic level, have good prospects for domestic and foreign markets, market more competitive, economic and social benefits of good credit and good corporate; (E) in line with the national industrial policy, science and technology with a high level, innovative, and growth is good, with good prospects for industrial development of science and technology small business. In particular the National Hi-Tech Industrial Development Zone, or in high-tech development zone but above the provincial level outside the administration that science and technology, and engaging in new technologies, new technology research, development, technology-based small business application. Article V credit to be provided by commercial banks of high-tech enterprises should also meet the following conditions: (A) comply with relevant state laws and regulations, formulation of industrial policies and national planning and the key industries of "national scientific and technological development and long-term planning framework (2006-2020)" and other related requirements; (B) approved by the state of the project, its capital, land use standards, environmental protection, energy consumption and production in line with the relevant safety requirements; (C) intellectual property rights vested in clear, non-major enterprise of intellectual property disputes; (D) clear property rights, the establishment of good corporate governance structure, norms of internal management systems and sound financial management system, management has a strong marketing ability and higher level management and continuous innovation awareness has a strong solvency and business ability to resist risks; (E) commercial banks in line with the existing credit system, the internal control and risk management requirements and that commercial banks should meet the other conditions. Article VI of the commercial banks should carry out the necessary high-tech enterprises market segments, for different industries and different stages of development characterized by high-tech enterprises, and actively carry out the system of innovation and product innovation, the development of high-tech enterprises in line with the demand for financial products and business processes, providing credit, clearing, settlement, bank cards, cash management, financial advisers and other services. Article VII of the commercial banks should be effective and repayment capacity of independent innovation exports loans required the principle of priority in accordance with the credit arrangements, the focus of support for the good credit of independent innovation products export enterprises must be approved by the credit limits in the credit limits on the basis of credit, settlement management requirements and the timely provision of a wide range of financial services. Article VIII of the commercial banks and high-tech small businesses should be to establish a stable relationship between the Bank, to improve scientific and technological innovation for small businesses in financial services, strong innovation capability to be supported. Should be in accordance with the China Banking Regulatory Commission "to carry out small business bank loan business guidance" (Banking made 2005 54) science and technology to strengthen credit support to small businesses. Article IX of commercial banks shall, in accordance with the demand for high-tech corporate finance and cash flow characteristics, set a reasonable repayment terms and the way credit can be taken in phases fixed, Lei With the clear need for additional flexibility in the grace period (interest-only period not principal repayments) and other means of repayment. Article X of commercial bank credit to the high-tech enterprises should be explored and various forms of security, such as a pledge of export tax rebates, stock pledge, pledge of shares, the policy pledge, bond pledge, pledge of warehouse receipts and other rights and interests of arrival ( quality) and other charges. Their own intellectual property rights and the right by the State Department assessment of the high-tech enterprises, intellectual property rights can also pilot loans. In addition to the assets of arrival, pledge, but also a security should be strengthened and professional bodies, professional bodies of the third-party security guarantees. Small business credit for science and technology can be provided by the borrower in line with the provisions of the enterprise assets, owners or major shareholders, as well as personal property pledged to guarantee security arrived to take mortgage, pledge, guarantee the security of the portfolio approach to meet their loan requirements. Article XI of commercial banks should take the initiative to enhance communication with government departments, timely access to relevant information. Discount on access to state finance, science and technology small business technology innovation fund to support professional or government-funded enterprises guarantee institutions guarantee, credit support should be. Article XII of the commercial banks should correctly grasp the high-tech enterprises and the growth of the life cycle of the characteristics of enterprise technology in accordance with the degree of maturity and are in production, market-oriented phase and stage of business growth and risk characteristics of the financial needs of the situation, timely adjustment of operating strategy, access and exit criteria and credit structure. Article XIII of the commercial banks should be in accordance with the China Banking Regulatory Commission, "the work of commercial bank credit due diligence guidelines for" (Banking made 2004 51) and "commercial bank small business credit the work of due diligence guidelines (for trial implementation)" (Banking made 2006 69 No.) the requirements of high-tech enterprises to strengthen credit management. Article XIV of the commercial banks should improve the identification, evaluation of high technology and independent intellectual property rights and its development direction and the ability of market prospects and, if necessary, outside experts can be introduced to the assessment mechanism, according to the needs of commissioned experts in related fields of technology, products, markets and laws, policies such as the investigation and assessment. Article XV of the high-tech enterprise of commercial banks to provide credit support to the risk of the loans should be the introduction of pricing mechanisms and policies in the laws and regulations permit, in accordance with the level of risk, financing costs, management costs, loan target earnings, return on capital requirements and the local market level of interest rates and other factors to determine their own lending rates, for different conditions of the borrower interest rate differential. Article XVI of commercial banks should strengthen the banking sector and other financial institutions on the financing needs of large high-tech projects, through syndicated loans and other organizations to achieve benefit-sharing, risk sharing. Article XVII of commercial banks should implement an effective credit management, concerned about the high-tech development trends, to detect high-tech enterprises by the potential credit risk and the risk of early-warning prompt. Ability to impact the performance of major customers matter, in time to take the necessary measures and, where appropriate, decide whether or not to adjust the credit. Article XVIII commercial banks should strengthen their risk of high-tech enterprise loan classification management, and in accordance with the "bad loans of financial business management reserve" (Finance 200549) full provision to prepare and enhance the ability to resist risks, to make up for loan losses. This article will be requested to be forwarded to the Commissioner of Banking jurisdiction of the Banking Branch, urban commercial banks, urban credit cooperatives, rural commercial banks, rural cooperative banks and rural credit cooperatives.