First "Government Procurement Loan" Guarantee Business Launched in Shanghai

Recently, Shanghai Agricultural Bank launched the first "government procurement loan" guarantee business in the city, providing credit support to a company that won a government procurement project and has been included on the "white list" of government procurement projects. This move has effectively increased financing for enterprises and reduced financial burdens.

The "government procurement loan" guarantee business is a special product launched by Shanghai City Micro-Enterprise Policy-Financing Guarantee Center (hereinafter referred to as the "Center") in conjunction with banks, including Shanghai Agricultural Bank. The product provides customized financial services for companies that have won government procurement projects, offering bank credit support and policy-based guarantees, with the guarantee amount increased to a certain extent.

As the first batch of pilot banks, Shanghai Agricultural Bank has quickly deployed a special plan, clearly defining service procedures and standards, and providing comprehensive process guarantees for the business. The first company to benefit from this policy is Shanghai YJ Information Technology Co., Ltd., which was selected based on its stable project execution capabilities. Due to the long repayment cycle of its education informationization and government infrastructure renovation projects, the company faced pressure in prepayment financing. Shanghai Agricultural Bank quickly responded to the company's situation, accurately matching the "government procurement loan" guarantee business, and efficiently resolved the company's urgent needs. Currently, all branches of Shanghai Agricultural Bank have fully launched the "white list" enterprise connection, accelerating the development of special businesses.

Rooted in Shanghai, Shanghai Agricultural Bank is committed to comprehensive financial services, focusing on micro- and small enterprises, individual entrepreneurs, and other key groups, building a full-service system of "rich products + service quality + scenario deep cultivation".

The product matrix continues to be enriched, covering the financing needs of companies from start-ups to maturity, including various types of loans, such as park batch loans, pawnshop loans, and exchange rate avoidance special guarantee products. The bank is constantly empowering micro-enterprises to grow.

Service effectiveness is continuously improving, driving the development of roll-over business, through seamless roll-over methods for existing clients, reducing the cost of roll-over financing, expanding the coverage of seamless roll-over, and optimizing customer experience. By the end of the first half of 2025, the bank's interest-free roll-over business has issued loans totaling nearly 200 billion yuan, a growth of over 110% compared to the same period last year, serving more than 2,400 clients.

Scenario deep cultivation is in full swing, with entrepreneurship and employment being key areas. The bank has cumulatively issued entrepreneurial guarantees totaling over 240 million yuan, injecting financial "vitality" into more than 700 entrepreneurial organizations in the city, sparking market vitality, driving employment growth, and supporting new urban residents' roots. In terms of services to private economy, the bank has collaborated with the Center to launch "park batch loans" and "merchant batch loans", cumulatively issuing loans totaling nearly 170 billion yuan, supporting more than 2,000 park-based and merchant-based enterprises, promoting industrial clustering and regional economic development.

As of June 30, 2025, the bank's micro-enterprise loans have exceeded 900 billion yuan, maintaining a high growth rate in comprehensive lending for multiple years. In the future, Shanghai Agricultural Bank will continue to deepen its comprehensive financial practice, with more precise products, higher efficiency services, and broader coverage, injecting growth momentum into micro-enterprises, and contributing to the high-quality development of Shanghai's economy.