“Last year we received RMB 1 million in ‘auto‑granted without applying’ subsidy through the fiscal interest‑subsidy policy, and this time we obtained a pure credit ‘no‑application loan’. From the government proactively disbursing funds to the bank coming to our doorstep with services—thumbs up for such a great initiative!” said Yin Die, Deputy General Manager of Anhui Youpin New Materials Co., Ltd. On the morning of March 16, Youpin New Materials received a RMB 3 million “no‑application loan” from the Anqing branch of Bank of Communications. This is the first loan issued after Anhui’s finance department took the national lead in launching the “no‑application loan,” marking China’s first such loan landing in Anhui.

What is a “no‑application loan”? A provincial finance department official explained that Anhui’s finance authorities, focusing on data sharing and credit empowerment, have integrated the efficient “auto‑granted without applying” service model into bank approval processes. Through fiscal‑financial coordination under the “auto‑granted without applying + financial support” approach, they formed a full‑chain closed loop: “fiscal selection and confirmation — data opening and sharing — proactive financial engagement — intelligent and precise credit granting — rapid loan disbursement.” Put simply, when a company receives a fiscal subsidy via the “auto‑granted without applying” mechanism, it can obtain a credit loan quickly without submitting an additional application or providing collateral.

Previously, the “auto‑granted without applying” platform used “Wanqi‑Tong (Anhui Enterprise Service System)” as a link to connect the integrated fiscal budget management system, enterprise‑related systems, “Wanqi‑Tong,” and more than 20 systems across 16 cities and relevant provincial departments, achieving cross‑department and cross‑level coordination so that enterprise‑benefiting policies reach “horizontally to the edges and vertically to the bottom.” This upgrade connects the “auto‑granted without applying” platform with the provincial credit financing service platform, sharing company data on fiscal subsidies obtained through the mechanism with the credit financing platform. It establishes a cross‑departmental and cross‑domain government‑bank data‑sharing mechanism, transforming fiscal subsidy and other “policy dividend” data into a company’s “credit report” for financing.

“In the past, when dealing with micro and small enterprises we lacked effective operational data and credit evaluation dimensions. Now, leveraging the credibility of data from the fiscal ‘auto‑granted without applying’ platform, we can build more precise and forward‑looking credit models that empower us to ‘lend earlier, lend faster, and lend proactively,’ allowing financial resources to truly reach start‑ups that have technology and potential but lack collateral,” said Ding Peng, General Manager of the Inclusive Finance Division at Bank of Communications Anqing Branch. He added that the “no‑application loan” is not only about unblocking information flows but also a deep practice of government credibility empowering market entities and enhancing the quality of financial services.

As Ding Peng noted, the “no‑application loan” builds a service system of “data bridging, fiscal credit enhancement, and financial empowerment,” fully leveraging fiscal funds to guide and leverage additional capital, channeling more financial resources into the real economy. At the same time, it amplifies the effect of fiscal subsidy policies, helping enterprises convert policy dividends into development momentum and providing solid fiscal and financial support for Anhui’s development.

Source: anhuinews.com