According to the editor, in order to solve the financing problem of coastal development, Jiangsu is taking measures to fill the funding gap. For example, actively encourage domestic and foreign financial institutions to set up branches and expand financial business in coastal areas.
The editor noticed that when the high-level officials of Jiangsu Province visited the coastal development on July 8, the heads of several local banks were all accompanied.
However, this is only a preliminary action. It is understood that Jiangsu Province has also expanded the sources of funds by supporting direct financing such as listing and issuing bonds, vigorously developed venture capital and equity investment, accelerated the coastal industrial development fund, and promptly established Jiangsu Coastal Development Bank to form diversified investment and financing channels.
Among them, equity investment companies, coastal industrial development funds and coastal development banks are particularly eye-catching.
On July 13th, a person familiar with the Jiangsu provincial government told the editor that the "brand" of the equity investment company has not been hung up, but it has been established. Jiangsu province and Nantong, Yancheng, Lianyungang and other prefecture-level cities will all contribute to the establishment of the equity investment company.
As far as the coastal industrial investment fund is concerned, it is known by many parties that coastal cities are currently in the active planning stage, and plans to attract shares including funds and financial institutions.
The coastal development bank will be a joint-stock commercial bank, and its headquarters may be located in Nantong. It is learned that Nantong is also applying for settlement.
The editor was informed that the provincial coastal office proposed in the process of participating in the investigation that the construction of a market-oriented financing platform for coastal development needs to be explored and tested with innovative ideas.
In addition, in order to further broaden the financing channels, in addition to the provincial finance to further increase the special funds for coastal development, in the second half of this year, Jiangsu will support coastal development groups to actively participate in the investment and construction of major projects in coastal areas.
As an important financing platform in provincial coastal development, the newly established coastal development group has a registered capital of 5 billion yuan in the first phase this year. According to Jiangsu’s plan, the coastal group will be the initiator to issue 1.5 billion yuan of corporate bonds, and then two financing platforms, namely the coastal equity investment company and the coastal development bank, with a scale of 2 billion yuan, will be established.