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Notice of the Bureau of Science and Technology of Nansha District of Guangzhou Municipality on Issuing the Management Measures of Nansha district for Technology SME Credit Risk Compensation Capital Pool

Updated: 2021-12-22chinadaily.com.cn

2. Selecting the entrusted management organization of the Capital Pool.

3. Determining the key support fields of the Capital Pool, issuing project guidelines, and supervising and reviewing the support recipients and conditions of loan projects from the Capital Pool.

4. Arranging the annual budget of the Capital Pool according to procedures.

5. Examining and approving the compensation of non-performing loan (NPL) projects applied for by cooperative banks.

6. Supervising and managing the Capital Pool, conducting annual performance evaluations and assessments on the entrusted management organization, and working with them to conduct annual performance assessments on cooperative banks.

7. Accepting and reviewing enterprises whose projects submitted by the entrusted management organization are covered by the Capital Pool.

8. Other works within the scope of responsibilities.

Article 4 The Capital Pool of Nansha district shall be managed and operated by an entrusted management organization, and the science and technology department of the district shall sign an entrusted management agreement with the said organization. The entrusted management organization shall be determined through public selection, and the relevant selection scheme shall be formulated separately. The responsibilities of the entrusted management organization are as follows:

1. Accepting loan projects submitted by cooperative banks of the Capital Pool, reporting loan projects conforming to these Measures to the appropriate department, conducting due diligence on technology enterprises with cooperative banks, and handling relevant procedures for science and technology loan projects.

2. Implementing post-loan tracking for projects covered by the Capital Pool with cooperative banks, and helping cooperative banks file NPL project compensation applications.

3. Conducting accounting and statistics for NPL projects to be compensated.

4. Developing annual work plans and implementation plans for the Capital Pool.

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