In recent years, as a municipal-level state-owned enterprise with the most extensive sphere for financial equity investment and the top-ranking size of financial assets in Beijing, BSAM has spared no efforts for extensive layout, unswerving innovation, close cooperation and top-quality service, made remarkable achievements in the five financial segments, and contributed to high-quality economic and social development of the capital city with all-out financial strengths.
Striking “innovation” pose and giving full play to scientific and technological finance for propelling the development of high-grade, precision and advanced industries in Beijing
Science and technology innovation can not only give birth to new industries, new modes and new engines, but also is the core factor for developing new quality productive forces. BSAM makes sustained efforts for innovation and expansion of scientific and technological financial services, promotes virtuous cycle of science, technology, industry and finance, helps science and technology enterprises take root and spring up, and gives impetuses to industrial transformation and upgrading.
Fund investment is an important way to guide the flow of social capitals to the real economy and facilitate the in-depth integration of industrial resources and powerful capitals. As a fund management platform of BSAM, Beijing Industrial Developing Investment Management Co., Ltd manages two parent funds (Beijing High-grade, Precision and Advanced Industries Development Fund and Beijing Jingguosheng Investment Fund) and other venture capital funds. Driven by Beijing Industrial Developing Investment Management Co., Ltd, funds of nearly RMB 40 billion are invested in Beijing science and technology innovation industry. Both parent funds echo with the needs of high-tech industries in Beijing, gather strength to make up for weaknesses, fill gaps and achieve supply chain enhancement and supplement. Both parent funds also initiate Strategic Emerging Industries Fund, Sensor and High-end Instrument Fund and many other thematic sub-funds, and have invested in more than 300 high-technology projects up to now. In particular, more than 100 enterprises have been on the list of national-level “Specialized, Fined, Peculiar and Innovative Enterprises” categorized into “Little Giant” enterprises. With the fund support of Beijing Industrial Developing Investment Management Co., Ltd, GRINM Semiconductor Materials Co., Ltd, which settles in Zhongguancun Science Park, has made breakthroughs for key core technologies in the field of semiconductor silicon material manufacturing, and it is the first to achieve the industrialization of 6-inch and 8-inch silicon wafers in China. Located in Beijing E-Town, Dongfang Jingyuan Electron Co., Ltd has developed into an important player to lift such bottlenecks as computational lithography and electron beam detection and measurement in Chinese integrated circuit industry.
Dedicated to development, operation and management of parks, Beijing Science Park Development (Group) Co. Ltd is a group enterprise affiliated to BSAM. Operating ten science and technology innovation parks across the country, Beijing Science Park Development (Group) Co. Ltd brings together more than 700 high-tech enterprises. In the course of operation, it incorporates financial services into ecosystem service system of the parks, initiates venture capital funds, and provides startup incubation, policy publicity, investment and financing matchmaking services for enterprises in the parks. For example, Tech Intelligence Capital, which is established by Beijing Science Park Development (Group) Co. Ltd, actively responds to the requirements of “early investment, small-scale investment, long-term investment, and hard technology investment”, vigorously supports Beijing College Students’ Innovation and Entrepreneurship Competition, shapes up an innovation mode of “event initiative, outcome emergence, investment drive through incubation, incubation with investment promotion, and organic interaction”, and fuels high-quality scientific and technological achievements and startup enterprises to bear fruit. Moreover, Tech Intelligence Capital initiates various industrial investment funds in the fields of medicine and artificial intelligence, enabling the development of high-grade, precision and advanced industries in Beijing through the mode of “investment and attraction linkage”. By the end of October 2024, Tech Intelligence Capital had invested and fostered eight provincial-level “Specialized, Fined, Peculiar and Innovative Enterprises”, six “Specialized, Fined, Peculiar and Innovative Enterprises” categorized into “Little Giant” enterprises, and two unicorn enterprises.
In Beijing AI Industry Innovation Base, which is nestled in the core area of Zhongguancun, Beijing Smart Future AI Innovation Base Co., Ltd, operator of this base, initiates Beijing Smart Future Science and Technology Industry Development Fund to unite universities, research institutes, investment institutions, science and technology enterprises and other parties in one. Chain development of producers, education institutions, research institutions and users comes true through fund investment. Financial campaign, themed with “Serving Enterprises”, has been launched. Nearly 100 AI enterprises in the park are invited to display their research and technology achievements and business development plans, while more than 40 financial service institutions function as project matchmakers. In the past three years, park-based enterprises have made direct financing of over RMB 15 billion, with estimated value of over RMB 80 billion.
Factor trading platforms play an important role in facilitating the financing of science and technology enterprises and promoting the optimal allocation of science and technology factors. From the early 2023 to the late October 2024, China Beijing Equity Exchange helped national-level and municipal-level state-owned enterprises complete 139 equity financing projects in such strategic emerging industries as high-end equipment manufacturing, new energy, new materials and biomedicine, and introduced the incoming social capital of RMB 79.9 billion for enterprises. Moreover, China Beijing Equity Exchange assists enterprises in integrated development of innovation chain, industry chain and talent chain, and strongly backs up central state-owned enterprises to build “three highlands” of science and technology innovation and act as “main battlefield and main force” for the development of new quality productive forces. China Technology Exchange leverages its professional advantages in patent screening, analysis, evaluation and other aspects, and joins hands with professional institutions (such as banking, securities, guarantee, evaluation and rating institutions) to successfully roll out the intellectual property securitization products featuring patent secondary licensing trading structure. Two special plans for Shelf Offering have been approved by Shenzhen Stock Exchange. Four intellectual property securitization products have been cumulatively issued in China Technology Exchange, furnishing total financing of RMB 1.129 billion to 55 science and technology enterprises, opening a new direct financing channel for science and technology enterprises.
Beijing SMEs Credit Re-guarantee Co., Ltd also innovates financial services and products to help science and technology enterprises have access to financing. By the end of October 2024, more than 2,500 science and technology enterprises of all kinds had been included in the scope of annual re-guarantee business, with re-guarantee size of over RMB 14 billion. Recently, Beijing SMEs Credit Re-guarantee Co., Ltd actively follows the arrangements and requirements of Beijing Municipal Government on supporting special guarantee work of science and technology innovation, cooperates with many banks and guarantee institutions to launch “Special Plan for Science and Technology Guarantee” in Beijing, and effectively bolsters confidence and willingness of banks and guarantee institutions to serve science and technology SMEs by providing sub-insurance support and minimizing risk exposure. The first batch of science and technology innovation guarantee business benefits more than 140 enterprises, with total financing of over RMB 170 million, including nearly 50 “Specialized, Fined, Peculiar and Innovative Enterprises” and “Specialized, Fined, Peculiar and Innovative Enterprises” categorized into “Little Giant” enterprises enjoying financing of over RMB 80 million in total.
Upholding “green” approach and promoting green and low-carbon social and economic transformation with green finance
BSAM shoulders a glorious mission for developing green finance and supporting environmental protection, energy conservation, clean energy and other green industries.
Positioning as a national-level public platform for carbon peaking and carbon neutrality management and green financial infrastructure, China Beijing Green Exchange undertakes operation and management tasks of the national greenhouse gas voluntary emission reduction trading system, and it is also the only platform for the carbon emission permit trading market in Beijing. In recent years, China Beijing Green Exchange has constantly worked hard to build green finance standard system. As a leader and participant in the drafting of Environmental Equity Financing Instruments, Guidelines for Environmental Information Disclosure of Financial Institutions, Carbon Financial Products and other industry standards, which have been issued by the national financial regulatory authorities. China Beijing Green Exchange makes efforts to build green financial infrastructure by developing and building enterprise carbon accounts and green project database systems based on artificial intelligence, Internet of Things, big data, blockchain and other technologies. Relying on this system, China Beijing Green Exchange has set up a climate investment and financing project database for Tongzhou District, dedicated to review, evaluation, investment and financing matchmaking of various projects. By the end of October 2024, Tongzhou District Climate Investment and Financing Project Database had included 158 projects in the fields of renewable energy generation, low-carbon transportation, industrial process emission reduction, energy-saving technological transformation, green building and the like, with total investment amount of about RMB 160 billion. In terms of innovative green financial products, China Beijing Green Exchange and Bank of Beijing jointly offer green loan products of “Bank of Beijing Carbon e-Loan ” and “Water-saving Loans” products and service of “Carbon Benefit Financing”. In June 2023, China’s first Carbon E-Loan was unveiled to support the construction of a ground source heat pump heating and cooling system project in the city sub-center. Upon completion of this project, carbon dioxide emissions can be reduced by more than 1,500 tons per year, equivalent to emission reduction of about 850 fuel vehicles off the road for one year.
Beijing Industrial Developing Investment Management Co., Ltd and central state-owned enterprises initiate two green funds with total size of RMB 2.582 billion, which have successfully invested in a number of high-quality projects, such as SPIC Hydrogen Energy Co., Ltd, Qiyuan Green Power Technology Co., Ltd and Sinoscience Fullcryo Technology Co., Ltd. Among them, Qiyuan Green Power Technology Co., Ltd has developed into a unicorn enterprise in the field of green power transportation. Sparing no effort to meet electrification application needs under “heavy load, high frequency and high pollution” scenarios, Qiyuan Green Power Technology Co., Ltd applies battery-swapping heavy trucks to various scenarios, such as power plants, ports, steel mills and mining areas. More than 800 heavy truck battery charging and swapping power stations have been distributed throughout the country, effectively shaping up low-carbon, energy-saving and efficient swapping network.
Beijing Guozi Financial Leasing Co., Ltd constantly forges “green leasing” brand, serving more than 160 green leasing projects and investing nearly RMB 10 billion. It designs five-year direct equipment leasing service for household waste recycling and treatment project in Beijing City Sub-center, with total amount of RMB 151 million. It purchases such major equipment as incinerators, waste heat boilers, flue gas purification systems and denitration systems, avoiding one-off large capital expenditure of lessees, contributing to green upgrading of waste treatment and reuse infrastructure in Beijing City Sub-center and meeting the household waste treatment needs of 906-square kilometer city sub-center. Through tailor-made joint leasing transaction structure, Beijing Guozi Financial Leasing Co., Ltd financially supports Zhongjieneng Yunlong (Beijing) Water Technology Co., Ltd with four tranches amounting to RMB 220 million, which is used to purchase the main equipment of nine sewage treatment plants in the city sub-center. This effectively revitalizes its stock assets, alleviates the financial pressure during trial operation, and facilitates the efficient recycling of water resources in the city sub-center.
Expanding “universal coverage” and “preference” and benefiting enterprises and people in “last mile” with inclusive finance
BSAM vigorously expands the scope of “universal coverage” and increases the extent of “preference” so that different social groups can enjoy basic financial services equally, giving financial benefits to enterprises and people in “last mile”.
Operated by Beijing Industrial Development Investment Financial Management Co., Ltd, a subsidiary of Beijing Industrial Developing Investment Management Co., Ltd, Beijing Public Service Platform for SME has connected with284 networking windows and 34 municipal-level commissions and bureaus across 17 districts of Beijing, radiating more than 3,000 ecosystem partners, creating SME public service ecosystem of “policy + capital + service + carrier”, and serving more than 1 million SMEs on average every year. In order to help the majority of small, medium and micro-sized enterprises promptly grasp and apply various governmental support policies, Beijing Public Service Platform for SME collects nearly 30,000 pieces of information on municipal and national policies, actively pushes customized policy information nearly 1 million times, and changes from “passive search of enterprises for policies” to “proactive search of policies for enterprises”. This Platform, in all aspects, improves the inclusiveness, convenience and accuracy of public services for SMEs, and launches APP called “Enterprise Service Version of Beijing Pass” to help enterprises obtain the required services anytime and anywhere. Financing service Beijing Gradient Cultivation E-Certificate Application and other systems have been developed, providing SMEs with convenient and efficient financing services and certificate application services. This Platform also meticulously presents offline brand activities, such as “Maker in Beijing”, unleashing innovation potential of the citywide small, medium and micro-sized enterprises by holding innovation and entrepreneurship events. Field visits to parks and leading enterprises are also launched by this Platform, offering good policies and excellent services. Service effect has been praised by the majority of SMEs.
Beijing SMEs Credit Re-guarantee Co., Ltd upholds service positioning of “supporting agriculture and supporting small-sized enterprises”, raises the proportion of re-guarantee sub-insurance for policy-oriented businesses by layers, cooperates with all parties to optimize sub-insurance mechanism of banks and guarantee institutions, jointly bear loan risks and reduce the risks of guarantee institutions, and releases more policy guarantee resources to expand the amplification ratio. Since its inception in 2008, Beijing SMEs Credit Re-guarantee Co., Ltd has insured more than RMB 700 billion, covered more than 210,000 small, medium and micro-sized enterprises (rural households), and provided more than RMB 1.7 billion in compensation for cooperative guarantee institutions. It comprehensively promotes batch guarantee business of banks and guarantee institutions at the highest head office level. Since the beginning of 2024, such new batch guarantee business of banks and guarantee institutions at the highest head office level had clinched RMB 6.2 billion, while the combined financing cost has been cut by nearly 2% compared with that in 2023, effectively improving the financing availability of small and micro-sized enterprises.
Beijing Guotong Asset Management Co., Ltd constantly steps up the local AMC function, and adopts the expansion of batch individual loan business as an effective move to serve the people's livelihood. Up to now, it has bid for 13 individual loan asset packages, acquired claims amounting to nearly RMB 6 billion, and managed individual loan assets of RMB 11 billion, with more than 230,000 borrowers across more than 30 large, small and medium-sized cities in China. Moreover, Beijing Guotong Asset Management Co., Ltd actively implements the decision and arrangement of the Central Government on “ensuring the delivery of buildings, ensuring people's livelihood and ensuring stability”. In the renovation and environmental remediation projects of shanty areas in Beijing, it gives financial support for “ensuring the delivery of buildings” to mitigate the risks behind stock projects of enterprises by acquiring non-performing loans from banks and cooperating with the local enterprises. It effectively promotes work and production resumption for 1,755 households and nearly 240,000-square meters resettlement buildings, properly resolving the most pressing difficulties and problems of great concern to the local people for many years.
Serving and helping the elderly and contributing to high-quality development of health and elderly care industry with old-age finance
BSAM coordinates its financial and industrial resources, and breaks new ground in health and elderly care service industry.
In the property rights market, more and more health and elderly care enterprises are looking for strategic resources. From the beginning of 2023 to the end of October 2024, China Beijing Equity Exchange completed 38 transactions of central state-owned enterprises and financed over RMB 7 billion. Beijing Tongrentang Medical Care Industry Investment Group introduces such professional capitals as Beijing Tongqing Equity Investment Partnership and Suzhou Tongkang Medical Care Industry Investment Partnership through capital increase and share expansion, which not only enhances capital strength and optimizes equity structure, but also integrates high-quality industry resources. China Resources Pharma Commercial Group introduces seven strategic investors, including Beijing PICC Health and Pension Industry Investment Fund, which is the largest single private equity financing project of medical care and pharmaceutical industry in the past three years. This will help China Resources Pharma Commercial Group, a domestic pharmaceutical circulation leader, further expand business size, improve corporate governance, and achieve performance growth.
In Beijing Yizhuang Economic and Technological Development Area (Beijing E-Town), BSD E-Park devotes to three major industries and key links of biological and chemical drugs, genetic drugs research, development and production, cell and gene technology, props up supportive development of high-end medical devices and technical testing services, and builds an impeded enterprise growth chain. BSD Yizhuang E-Park and an internationally renowned incubator P4 Precision Medicine Accelerator jointly set up “P4 China-UK Precision Medicine (Beijing) Innovation Center”, aiming to connect financial, research and development, talent and other resources at home and abroad and foster the innovation fountainheads of pharmaceutical and health industry.
Applying “digital technology” under the keynote of “intelligence” and adopting digital finance to improve both quality and efficiency of financial services
BSAM actively adapts to the changes of Digital Economy Era, accelerates the digital transformation of its financial services with the help of digital technology, takes advantage of information digital industry, and urges financial institutions to improve service efficiency, cut operating costs and enhance the ability to serve real economy and guard against financial risks.
Beijing Credit Management Co., Ltd, a subsidiary of Beijing SMEs Credit Re-guarantee Co., Ltd, is the first to launch “Re-guarantee Digital Intelligence Platform” in the industry. It puts artificial intelligence and big data technology for practical use, builds advanced digital platform system and comprehensively digitalizes financial services. This Platform not only builds a convenient online channel for the whole process of application, submission, review and signing for SMEs, but also offers a service demonstration platform of product display, system direct connection, business verification and customer push for cooperative banks, remolding the financing guarantee business mode, greatly improving the business efficiency and helping small and micro enterprises enjoy greater convenience and sense of access to financing. Since its inception in September 2023, this Platform has provided a total of nearly 7,000 guarantee services for micro, small and medium-sized enterprises, with guarantee business size of more than RMB 17.7 billion, more than 20,000 re-guarantee businesses for cooperative guarantee institutions, and re-guarantee business size of more than RMB 43.2 billion.
Developed by China Beijing Equity Exchange (CBEX), CBEX APP makes the online paperless transactions of all property rights trading projects and the whole process of transaction dynamics traceable. An intelligent information service platform for investors—“CBEX Investors Intelligence Service Platform ”, takes shape to provide intelligent matching and accurate recommendation for investors and financers. This Platform has covered more than 300,000 investors of all kinds and more than 2,000 service projects, effectively improving transaction efficiency. Up to now, the investment of RMB 8.7 billion has been in place.
Under the guidance of Beijing Municipal Bureau of Local Financial Regulation and Supervision and other competent industry authorities, Beijing Depository and Clearing Co., Ltd pays attention to handling the relations between the Government and the market and between innovation and supervision, explores the application of digital technology to the local financial supervision, develops and launches a panoramic multi-dimensional local financial off-site supervision platform, and basically achieves full access to the existing businesses in Beijing financial industry, with supervision scope covering all local trading venues, microloans, financing guarantees, commercial factoring and financial leasing companies in Beijing. Up to now, this Platform has collected more than 2 billion pieces of data, generated more than 1,000 regulatory reports of all kinds, and supervised the funds of over RMB 1 trillion, realizing efficient and comprehensive industry-wide supervision and effectively helping prevent the local financial risks.
With such cryptographic technologies as digital certificate, electronic signature and electronic signature as the core engine, Beijing Certificate Authority Co., Ltd enables the secure and reliable development of digital business and the safe and reliable operation of infrastructure in the financial industry. Beijing Certificate Authority Co., Ltd has supported the whole-process online and mobile operation of more than 200 financial institutions, including China Life Insurance, China Pacific Insurance, CITIC Securities, Bank of China and China Merchants Bank. It also helps issue the first electronic insurance policy and the first electronic insurance application in the Chinese insurance industry. It provides electronic signature services to the financial industry more than 1.5 billion times every year.
BSAM will further organically sharpen its leading edge in financial services, science and innovation parks, information and digital technology and other diversified industries, ride on the momentum, take the initiative, constantly write “five brilliant chapters” in financial sector, and make more contribution the development of the capital city in the new era.
(Author: Du Juan, Beijing Correspondent Station of China Daily)
