Bank of Shanghai opens financial service center in Zhangjiang

Updated:2019-03-15 (zjsfq.gov.cn)

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The Bank of Shanghai established a science and innovation financial service center in Shanghai’s Zhangjiang National Innovation Demonstration Zone on Mar 12. [Photo/WeChat account: BOSC-news]

In order to support Shanghai’s Zhangjiang National Innovation Demonstration Zone as a world-class high-tech park, the Bank of Shanghai (BOS) established a science and innovation financial service center in Zhangjiang on Mar 12.

The center will build a resource platform jointly with Zhangjiang Group, establish an information-sharing mechanism, and provide financial services from online to offline for scientific and innovative enterprises in Zhangjiang.

At the establishment ceremony, BOS also signed credit granting agreements with some of Zhangjiang’s sci-tech enterprises, such as Xiaoyi Technology Co Ltd and MicroPort CardioFlow Medtech Co Ltd, with a total amount of nearly 500 million yuan ($74.5 million).

At present, BOS is exploring innovative financial products, services, channels and mechanisms as well as special risk tolerance policies for small and medium-sized enterprises in a bid to solve the problems in science and innovation financial service.

At the end of 2018, the bank's outstanding loans to sci-tech enterprises were 37.9 percent higher than at the beginning of the year, according to official data.

The service center is also of great importance in building Shanghai into a science and technology center with global influence.

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