Guiyang Economic and Technology Development Zone (GETDZ) launched three financing products for technology companies in the aerospace supply chain on Oct 15, marking the zone's first initiative to offer financial services tailored to an entire industrial chain.
The products, collectively known as Hangchuang Loan, target aerospace manufacturer Guizhou Qunjian Precision Machine Co and its upstream and downstream suppliers. They include order-based financing, support for technological upgrades, and intellectual property financing.
The initiative adopts a model in which the government coordinates efforts, leading companies support their supply chains, and banks tailor financial services to business needs. It aims to ease financing difficulties for technology companies by using supply chain credit to help turn orders, patents, and intellectual property into financing opportunities.
At the launch event in Xiaomeng Industrial Park, the GETDZ science and entrepreneurship service center signed a financial services cooperation agreement with the Guizhou Bank Co Huaxi branch. The company also signed letters of intent with two supply chain enterprises: Guizhou Ruitonghai Electronic Technology Co and Guizhou Oulaiji Technology Co.
GETDZ's aerospace industry has developed into a cluster with annual output value exceeding 10 billion yuan ($1.49 billion), bringing together nearly 100 upstream and downstream suppliers. It is a key pillar of the zones advanced equipment manufacturing sector.
GETDZ plans to monitor the rollout of the new products, strengthen regular coordination between government, banks, and businesses, and extend the financing model to other key industrial chains.