Policy Dividend Targeted Support: Financial Resources Ease Difficulties for Micro and Small Enterprises: CITIC Bank Shanghai Branch Efficiently Implements Private Investment Special Guarantee Plan Loan

Reprinted from: Cailian Press

Recently, CITIC Bank Shanghai Branch implemented the spirit of the “Notice on the Implementation of the Special Guarantee Program for Private Investment” jointly issued by the Ministry of Finance and five other departments. Relying on the credit enhancement role of government-backed financing guarantees, they precisely matched the financing needs of a certain industrial company, providing efficient financial services to help the enterprise overcome difficulties.

A certain industrial company in Shanghai, focused on the research, production, and sales of baked goods, is a small to micro agricultural-related enterprise. During the peak season before the Spring Festival, it faced a funding gap for raw material procurement and employee wages, urgently needing financing support. After learning of the demand, CITIC Bank Shanghai Branch immediately formed a special team to provide on-site assistance. Combining policy guidance with the company’s actual situation and with support from the Shanghai Small and Micro Enterprise Policy Financing Guarantee Fund Management Center, they tailored a financing plan. To meet the company’s urgent cash needs, the branch opened a green approval channel, simplified procedures, shortened approval time, and efficiently issued a 5 million yuan, 18-month agricultural-related small and micro medium- and long-term guarantee loan.

This loan fully leverages the policy benefits of the special guarantee program: in terms of financing costs, guarantee fees are controlled within 1%, and combined with Shanghai’s interest subsidy and fee subsidy policies for guaranteed loans, effectively reducing the company’s operational burden; in risk sharing, the government-backed financing guarantee bears the main risk responsibility, effectively alleviating bank credit risk; in fund allocation, it precisely supports the company’s pre-holiday procurement and staffing stability, ensuring the smooth operation of the livelihood supply chain and building momentum for post-holiday resumption of work and production.

The company’s person in charge stated, “What we value most is low cost and high efficiency. CITIC Bank disbursed the loan so quickly, which not only solved our biggest cash flow problem before the New Year but also allowed us to start work confidently after the holiday.”

This business is a vivid example of CITIC Bank Shanghai Branch practicing inclusive finance and implementing the special guarantee policy. Moving forward, the bank will continue to optimize services, innovate products, explore the “Supply Chain + Financing Guarantee” model, and ensure that policy benefits directly reach the real economy.