Jiangsu Industry and Information Technology Department and Bank of Communications Launch "Manufacturing Token Loan" Special Financial Product

Notice on Issuing the "Manufacturing Token Loan" Special Financial Product Plan

To the Industry and Information Technology Bureaus of all cities divided into districts, and to all branches of Bank of Communications within the province: In order to thoroughly implement the work arrangements of the Provincial Party Committee and the Provincial Government on promoting the innovative development of artificial intelligence and the "AI+" initiative, thoroughly implement the "Jiangsu Province 'AI + Manufacturing' Implementation Plan," and promote the large-scale application of artificial intelligence scenarios in the province's manufacturing industry. The Provincial Department of Industry and Information Technology, together with the Jiangsu Provincial Branch of Bank of Communications, has developed the "Manufacturing Token Loan" special financing service product. Relevant matters are hereby notified as follows:

I. Scope of Support

The "Manufacturing Token Loan" supports manufacturing enterprises registered in accordance with the law within Jiangsu Province, with independent legal personality, lawful and compliant production and operations, and good credit standing, and gives priority support to enterprises that have implemented or are building the four major categories of Token application scenarios: production rigidity, operational optimization, planning and decision-making, and R&D simulation; high-quality manufacturing enterprises that have established a standardized Token management system and have a solid foundation for digital transformation; leading-level, excellence-level, and advanced-level smart factories; and enterprises in the key enterprise database of the province's "6+6" modern industrial system. The scope of support covers projects such as localized model deployment, invocation, and Token management system construction carried out around Token application scenarios.

II. Processing Procedures

(1) Financing application. Eligible manufacturing enterprises initiate financing applications through Bank of Communications offline business outlets (see attachment for details). (2) Financing approval. Bank of Communications, in accordance with the principle of "independent loan review," comprehensively considers information such as the credit status and operating conditions of the enterprise and its legal representative, the local deployment and invocation of Tokens, the level of Token management system construction, and the gradient level of the smart factory, and reasonably determines the loan amount, term, interest rate, and guarantee method in accordance with the relevant requirements of the "Bank of Communications Jiangsu Provincial Branch 'Manufacturing Token Loan' Special Product Plan" (see attachment for details).

(3) Information reporting. Bank of Communications shall report information such as the implementation status and optimization suggestions of the "Manufacturing Token Loan" to the local city divided into districts industry and information technology bureau on a quarterly basis.

III. Value-Added Services

The "Manufacturing Token Loan" implements differentiated pricing based on the enterprise's smart factory gradient level, whether it is included in the province's "6+6" key industry enterprise database, and the actual application results of Tokens, and provides preferential conditions superior to commercial loans of the same period in terms of loan amount, term, interest rate, etc. It also provides coordinated non-financial supporting services such as enterprise intelligent transformation, implementation policies for the three-voucher plan of tokens, corpus, and models, and application guidance for fiscal interest subsidy policies. For those meeting the conditions for fiscal interest subsidies, the cooperating bank will assist in handling the interest subsidy procedures.

IV. Organization and Implementation

(1) Establish a coordinated promotion mechanism. Encourage local industry and information technology departments to establish a regular work docking mechanism with the Jiangsu Provincial Branch of Bank of Communications, jointly sort out enterprise financing needs around the smart factory gradient cultivation list, the province's "6+6" key industry enterprise database list, and the list of enterprises with Token application scenarios, accurately push product information, and promote efficient docking between financial resources and Token system construction needs. (2) Deepen policy publicity and implementation services. Local industry and information technology departments shall guide Bank of Communications, in accordance with the different stages of enterprise Token application scenario construction, to cooperate in carrying out publicity and policy interpretation of classified products, gain an in-depth understanding of enterprises' financing pain points in Token application through special research, and continuously optimize financial service plans.

(3) Strengthen the leading role of typical demonstrations. Local industry and information technology departments shall guide Bank of Communications to establish a differentiated policy orientation, increase support for honest enterprises by raising credit limits and simplifying approval processes, and form effective constraints on dishonest enterprises through joint punishment. At the same time, pay attention to excavating typical cases of the "Manufacturing Token Loan" in supporting enterprise Token application scenario construction, summarize and form replicable and promotable service models, comprehensively use various publicity channels for promotion, give play to the demonstration and driving role of benchmark enterprises, and create a good atmosphere for financial support for the intelligent transformation of the manufacturing industry.

Contacts

Huang Shuai, Informationization Development Division of the Provincial Department of Industry and Information Technology, 025-69652717;

Chen Yingzhou, Jiangsu Provincial Branch of Bank of Communications, 025-83336102.

Attachment: Bank of Communications Jiangsu Provincial Branch "Manufacturing Token Loan" Special Product Plan

To view the attachment, please click the following link: Bank of Communications Jiangsu Provincial Branch Manufacturing Token Loan Special Product Plan.docx Attachment Bank of Communications Jiangsu Provincial Branch "Manufacturing Token Loan" Special Product Plan

In order to earnestly implement the work arrangements of the Provincial Party Committee and the Provincial Government on promoting the innovative development of artificial intelligence and the "AI+" initiative, support manufacturing enterprises in the province to accelerate the construction of Token management systems, enhance digital asset operation capabilities, and promote the deep empowerment of artificial intelligence for the high-quality development of the province's manufacturing industry, under the guidance of the Jiangsu Provincial Department of Industry and Information Technology, the Jiangsu Provincial Branch of Bank of Communications fully leverages the comprehensive financial service advantages of a large state-owned commercial bank, provides special credit quotas, opens exclusive service channels, and innovatively launches the "Manufacturing Token Loan" special financing service plan. The specific plan is as follows:

I. Business Scope

The "Manufacturing Token Loan" refers to special financing issued by the Jiangsu Provincial Branch of Bank of Communications to manufacturing enterprises within Jiangsu Province. On the premise of using the enterprise's comprehensive operating conditions as the basic basis for credit limit determination, it is special financing that uses the local deployment and invocation of Tokens and the level of management system construction as the core evaluation basis for credit limit increase. The business support targets are manufacturing enterprises registered in accordance with the law within Jiangsu Province, with independent legal personality, lawful and compliant production and operations, and good credit standing, with priority support for the following enterprises:

(1) Manufacturing enterprises that have already implemented or are building Token application scenarios in the four major categories: production-rigid, operational optimization, planning and decision-making, and R&D simulation; high-quality manufacturing enterprises that have established standardized Token management systems and have a solid foundation for digital transformation;

(2) Leading-level, excellence-level, and advanced-level smart factories;

(3) Enterprises in the key enterprise pools of the six major emerging pillar industries—integrated circuits, aerospace, biomedicine, low-altitude economy, new energy storage, and intelligent robots—as well as the six major future industries—quantum technology, biomanufacturing, green hydrogen and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications.

II. Product Elements

(1) Loan Amount

(1) The amount of fixed asset loans shall be comprehensively determined based on the total investment in the enterprise's localized model deployment and hardware configuration, expected repayable cash flow, and other factors, generally 70% of the total project investment, up to a maximum of 80%.

(2) The amount of working capital loans shall be comprehensively approved based on factors such as the enterprise's production and operation conditions, R&D expenses, Token invocation status and system maturity, and actual funding needs.

(2) Loan Term

The loan term must match the investment payback period and capital return rhythm of the enterprise's construction:

(1) Fixed asset loans shall be reasonably determined based on the construction period and investment payback period of localized model deployment and hardware configuration, generally with a term of 5 years and a maximum of no more than 10 years;

(2) Working capital loans generally shall not exceed 1 year; in combination with Token usage and the actual improvement effects brought to production and operation, R&D investment, and other related working capital turnover needs, medium-term working capital loans of 1–3 years may be provided as supporting facilities.

(3) Loan Interest Rate

Based on the actual Token usage of enterprises in the gradient construction of smart factories and in the process of "intelligent transformation, digital transformation, and network connectivity" of key enterprises in the province's "6+6" industries, and in combination with the foundation of cooperation between banks and enterprises and comprehensive returns, banks shall implement differentiated pricing preferences.

(1) The loan interest rate for leading-level smart factories generally shall not exceed LPR-20BP;

(2) The loan interest rate for excellence-level smart factories generally shall not exceed LPR-10;

(3) The loan interest rate for advanced-level smart factories and enterprises in the Jiangsu Province "6+6" key industry enterprise pool generally shall not exceed LPR;

(4) The loan interest rate for general manufacturing enterprises generally shall not exceed LPR+10BP.

(4) Loan Purpose

The loan funds shall closely focus on the four major core application scenarios of Tokens in Jiangsu Province's manufacturing industry, with priority given to meeting the technological upgrading and digital transformation needs of manufacturing enterprises in Jiangsu Province's "6+6" modern industrial system (six major emerging pillar industries and six major future industries), and shall be managed by category according to loan types and used reasonably and compliantly:

(1) Fixed asset loans

Mainly support fixed asset investment projects related to enterprise Token applications, with priority coverage of hardware construction and carrier development in production-rigid and R&D simulation scenarios, including but not limited to:

Supporting construction for production-rigid scenarios: the purchase, installation, and deployment of production-side Token application hardware such as intelligent production line transformation, deployment of online intelligent inspection systems, production data collection terminals, industrial control equipment, and edge computing nodes;

Carrier construction for R&D simulation scenarios: the construction of technical carriers such as digital twin workshops/production lines, R&D simulation platforms, process parameter optimization systems, and product digital design systems, as well as the construction and purchase of supporting computing server clusters, R&D testing instruments, pilot test bases, and dedicated laboratories;

Infrastructure construction for operational optimization and planning and decision-making scenarios: the construction and hardware deployment of digital infrastructure such as industrial internet platforms, enterprise-level data centers, production scheduling and decision-making systems, and quality traceability systems.

(2) Working capital loans

Mainly support the working capital needs of enterprises for the daily operation and scenario iteration of Token systems, with priority support for recurring investment in operational optimization and planning and decision-making scenarios, including but not limited to: daily operation and maintenance, version iteration, technical services, and on-demand procurement of computing resources for Token management systems; operational investment in business-related Token scenarios such as production plan optimization, intelligent supply chain scheduling, intelligent warehouse management, energy consumption optimization and control, and quality defect identification; recurring Token application investment of enterprises in the Jiangsu Province "6+6" key industry enterprise pool during the R&D and pilot test stages, including the use of R&D simulation platforms, on-demand procurement of computing resources, and Token invocation and technical service fees.

(3) Loan funds are strictly prohibited from being used for real estate investment, financial market investment, industries prohibited by the state, and other purposes that violate national laws and regulations and regulatory provisions.

(5) Risk Mitigation

The "Manufacturing Token Loan" supports physical assets, software copyrights, patent rights, and other items as collateral or pledge, and may also introduce financing guarantee institutions to provide credit enhancement support. For enterprises with good production and operation conditions and higher smart factory gradient levels, credit loans may be issued.

III. Supporting Policies

(1) Fiscal Interest Subsidies

For those that meet the requirements of policies such as fiscal interest subsidies for manufacturing loans and interest subsidies for sci-tech innovation relending, actively assist enterprises in applying for loan interest subsidy support.

(2) Value-Added Services

Bank of Communications Jiangsu Provincial Branch leverages the internationalization and comprehensive advantages of the Bank of Communications head office and works with local governments to build a Token economy service ecosystem, providing one-stop supporting services:

(1) Build a full-chain service system around manufacturing enterprises. With the support of the Bank of Communications head office's three major sci-tech innovation scenarios of "Easy Chain, Easy Intelligence, Easy Park" and the four major product systems of "Easy Investment, Easy Loan, Easy Leasing, Easy Financing," adhere to the integrated advancement of financing, intelligence, and business, accompany enterprises through the entire cycle from startup to maturity, help enterprises break through technical bottlenecks, and achieve rapid growth.

(2) Professional training related to the Token economy. Integrate resources such as professional third-party institutions to provide enterprises with training on Token-related transformation plan design, technical alignment, AI diagnostics, and other related matters.

(3) Specialized guidance on fiscal and financial policies. Partner banks will form professional teams to provide enterprises with training on fiscal and financial policies such as fiscal interest subsidies for manufacturing loans, implementation of the three-voucher scheme for token corpus models, and relending for scientific and technological innovation and technological transformation, assist enterprises in completing policy applications, and help them obtain preferential support policies.

IV. Loan Methods

(I) Application Process

At the current stage, the "Manufacturing Token Loan" accepts business applications through offline branch outlets. After the functions of the relevant platforms for Token invocation data are improved, corresponding online products will be provided.

(II) Business Materials

To apply for the "Manufacturing Token Loan," the following materials are required:

(1) Basic materials. These include the unified social credit code certificate, the company's articles of association, the account opening permit, financial statements, the legal representative's identity certificate, etc.

(2) Special materials. Fixed asset loans include Token localization deployment filing and approval materials (if any), feasibility study report (if any), project land (if any), project planning (if any), equipment procurement contracts, etc. Working capital loans include Token product service cooperation contracts, Token prepayments, usage payment vouchers, etc.

(3) Qualification certificates. These include certification as a leading-level, excellent-level, or advanced-level smart factory, or a Jiangsu AIQ ("Artificial Intelligence + Manufacturing" High-Level Scenario Application Promotion Working Group) scenario certification, etc.

(III) Loan Disbursement

The "Manufacturing Token Loan" is disbursed through offline channels. After the online product development is completed, an online disbursement model may be adopted.

V. Repayment Methods

(1) Fixed asset loans: interest is paid monthly (quarterly), and flexible repayment methods such as quarterly or semi-annual repayment may be adopted.

(2) Working capital loans: interest is paid monthly (quarterly); short-term working capital loans repay principal in a lump sum at maturity, and working capital loans with a term of more than 1 year may be repaid flexibly on a quarterly or semi-annual basis.

www.smartcity.team

Statement: Please indicate the source as "Smart City Industry Analysis (www.smartcity.team)" and the relevant author when reprinting. Except for original content, some information on this site comes from the Internet. If the relevant content involves infringement of rights, please contact the contact information at the bottom to delete it.

[Digital Technology Special Research] Community

In-depth peer exchange, focused on smart city and digital technology industry research and material accumulation.

Continuously updating the latest industry white papers, industry research, policy developments, and implementation solutions to help industry practitioners efficiently accumulate knowledge and share experience.

Massive premium content is continuously iterated, providing frontier perspectives, connecting industry talent, carrying out case co-creation and resource exchange, and jointly building a high-quality industry exchange atmosphere.

#post-##

Recommended for you

Public announcement of the first batch of Guangdong Province digital economy innovative enterprises included in the database: the first batch of 211 "Star Exploration Plan" digital innovation enterprises included in the database

Shanghai's action plan to accelerate the promotion of high-quality development of AI-enabled industrial services (2027-2028): implement the "Modeling and Empowering Shanghai Services" action, achieve an AI application penetration rate of more than 85%, strive to cultivate 10 digital-intelligence-native unicorn enterprises, build 5 industry-level collaborative design platforms, and promote 500 high-quality enterprises to build Shanghai advanced-level smart factories

Notice of the Ministry of Industry and Information Technology on carrying out the construction of specialized, refined, distinctive and innovative empowerment centers: in accordance with the model of "pilot first, then promote" and "province-led, ministry-province co-construction," build a batch of specialized, refined, distinctive and innovative empowerment centers, forming an empowerment network for specialized, refined, distinctive and innovative enterprises that covers key fields and radiates across the country

Opinions of the Ministry of Commerce and 9 other departments on accelerating the promotion of science and technology-driven commerce: 18 specific measures, including four aspects: science and technology empowering the quality improvement of commodity consumption, expansion of service consumption, unblocking the commercial circulation chain, and shaping future business scenarios

Shandong issues the "Implementation Opinions on Accelerating the Promotion of High-Quality Development of the Data Industry": by 2028, the number of data enterprises in the province will exceed 25,000, including more than 70 listed enterprises and more than 500 unicorn and gazelle enterprises; the province will form more than 30 data industry clusters, and the average annual growth rate of the data industry scale will reach more than 20%

Guiyang Data Economy Promotion Regulations: as the overarching regulation in the "1+N" matrix of legislation in the field of the digital economy in Guiyang, it will come into effect on December 1, 2026