Shanghai Lin-gang Financing Guarantee Co Ltd, the only government-backed financial guarantee institution in Lin-gang Special Area, has been advancing its technology financing guarantee systems and inclusive financial services.

In response to the characteristics of technology-oriented micro and small enterprises, Lin-gang Financing Guarantee Co has innovatively developed two distinctive financial guarantee products that are tailored to enterprises in the area: "Individual Case Guarantees" and "Batch Loan Guarantees".

Considering the relatively short establishment period and asset-light nature of businesses in Lin-gang, there is no mandatory requirement for enterprises to provide collateral or reverse guarantees.

In November 2022, the company, in partnership with the Shanghai Financing Guarantee Center, established the policy financing guarantee service window, which has seen a high response rate.

On Aug 8, Lin-gang also launched the policy financing guarantee online application service window, offering enterprises a convenient online registration process.

Over the last two years, the company has collaborated with 15 partner banks throughout Lin-gang Special Area to provide financial guarantee services to 52 enterprises, with a total guaranteed loan amount of 387 million yuan ($ 53.21 million). This has significantly benefited micro and small enterprises as well as technology-oriented enterprises in Lin-gang, as it reduces financial pressure.

In May, a small enterprise sends a thank you letter to the window service staff after obtaining financing. [Photo/WeChat ID: shlgguanweihui]