On July 19th, 32 Shenzhen attended the mutual fund symposium organized by Shenzhen LED Industry Association and Minsheng Bank. Jiucheng enterprises hope to obtain funds through new loans. Among them, 80% of enterprises plan to use loans for technology research and development, and at least 70% of participating companies hope to apply for large loans of more than 2.5 million yuan.
The “LED Small and Micro Enterprise Mutual Fundâ€, which was established by Shenzhen LED Industry Association and China Minsheng Bank Shenzhen Branch, is the first time in the industry to provide loans to enterprises through the mutual fund model. According to the size of the fund determined by the Federation and Minsheng Bank, there are at least 50 enterprises planning to set up funds, with a total fund of more than 10 million yuan, and an average of at least 200,000 yuan per company invested in the fund pool. According to the plan of the Federation and Minsheng Bank, it is hoped that the first fund will be successfully established in the third quarter of this year.
The questionnaire at the symposium showed that 90% of the plans to apply for loans were clearly stated. A company that chooses to apply for a loan said that the amount of mutual fund loans is much higher than that of microfinance companies, and the annual interest rate within 10% is much lower than the 30% annual interest rate of small loans.
Minsheng Bank said that it will limit the amount of corporate loans, of which large loans of more than 2.5 million yuan will be controlled according to a certain proportion, and explain that this ratio can be adjusted according to the overall situation of participating fund companies, such as stronger enterprises. More, the proportion of large loans may increase.
45% of enterprises plan to apply for loans to ease the pressure on working capital, 20% of enterprises use transformation, 80% of enterprises use technology research and development, and 55% of enterprises use to expand production scale. It is not difficult to see that technology research and development has become the loan target of most enterprises.
It is reported that the fund is for a minimum of two years. The Federation and Minsheng Bank will determine the specific time for the establishment of the fund after identifying 50 companies. In order to ensure that corporate loans do not flow into the private loan sector and ensure the funds are used for the development of the LED industry, Minsheng Bank said it will strengthen the monitoring of business cash flow, and regularly visit enterprises to understand the business operations.
The “LED Small and Micro Enterprise Mutual Fundâ€, which was established by Shenzhen LED Industry Association and China Minsheng Bank Shenzhen Branch, is the first time in the industry to provide loans to enterprises through the mutual fund model. According to the size of the fund determined by the Federation and Minsheng Bank, there are at least 50 enterprises planning to set up funds, with a total fund of more than 10 million yuan, and an average of at least 200,000 yuan per company invested in the fund pool. According to the plan of the Federation and Minsheng Bank, it is hoped that the first fund will be successfully established in the third quarter of this year.
The questionnaire at the symposium showed that 90% of the plans to apply for loans were clearly stated. A company that chooses to apply for a loan said that the amount of mutual fund loans is much higher than that of microfinance companies, and the annual interest rate within 10% is much lower than the 30% annual interest rate of small loans.
Minsheng Bank said that it will limit the amount of corporate loans, of which large loans of more than 2.5 million yuan will be controlled according to a certain proportion, and explain that this ratio can be adjusted according to the overall situation of participating fund companies, such as stronger enterprises. More, the proportion of large loans may increase.
45% of enterprises plan to apply for loans to ease the pressure on working capital, 20% of enterprises use transformation, 80% of enterprises use technology research and development, and 55% of enterprises use to expand production scale. It is not difficult to see that technology research and development has become the loan target of most enterprises.
It is reported that the fund is for a minimum of two years. The Federation and Minsheng Bank will determine the specific time for the establishment of the fund after identifying 50 companies. In order to ensure that corporate loans do not flow into the private loan sector and ensure the funds are used for the development of the LED industry, Minsheng Bank said it will strengthen the monitoring of business cash flow, and regularly visit enterprises to understand the business operations.
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