Shenzhen HTI Group

Shenzhen High-tech Investment Group Co.，Ltd
Native name
深圳市高新投集团有限公司
Company typeState-owned enterprise
IndustryFinancial services
Founded29 December 1994; 29 years ago (1994-12-29)
HeadquartersShenzhen, Guangdong, China
Key people
Liu Suhua (Chairman)
Zhang Zhonghua (President)
ProductsLoan guarantee
Venture Capital
Direct lending
Credit enhancement
AUMUS$ 6.5 billion (December 2023)
Websitewww.szhti.com.cn
Footnotes / references
[1][2][3]

Shenzhen HTI Group (also known as SZHTI, Shenzhen HTI, Shenzhen High-tech Investment Group and Shenzhen Gaoxin Investment Group) (Chinese: 深圳市高新投集团有限公司; pinyin: Shēnzhènshì gāoxīntóujítuán yǒuxiàngōngsī) is a state-owned financial services company based in Shenzhen, China. It was set up by the Shenzhen Municipal Government to provide financing to companies.

Credit rating agencies of China have assigned it the highest corporate credit rating of AAA.[3][4][5][6]

In 2016, China International Capital Corporation ranked it as China's fourth-largest guarantee companies by outstanding bonds and loans backed.[7]

Background

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SZHTI was established on 29 December 1994, with a registered capital of RMB 1.2 billion by the Shenzhen Municipal Government. It was originally established to solve the difficulty of financing Small and medium-sized enterprises (SMEs) in the technology sector.[1][2][3][4][5][6]

SZHTI started as a guarantor of projects with government policy support and positioned itself as a "bearer and extender" of government policies. It determined since in worked on government policy supported projects, it would be easier to obtain funding from state-owned commercial banks for the companies it planned to guarantee. Since its inception, SZHTI has acted as guarantor for over 1000 companies.[1]

While SZHTI's primary business line providing financial guarantee services for high tech SMEs, it has expanded into other business lines such as venture capital, direct lending, credit enhancement and other financial advisory services.[1][4][8]

SZHTI has engaged in the Securitization of IP rights and in 2019, SZHTI issued China's first IP-related asset-backed security product with underlying assets of creditor's rights on small-sum loans.[9]

In 2022, SZHTI established an online fundraising platform to provide loans without the traditional collateral requirements.[10]

Notable investments

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Notable companies that SZHTI has supported include BYD Company, Han's Laser, Sinovac Biotech, Skyworth, Hytera and Topray Solar.[1][3]

References

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  1. ^ a b c d e Wang, Jiazhuo G.; Yang, Juan (18 April 2016). Financing without Bank Loans: New Alternatives for Funding SMEs in China. Springer. ISBN 9789811009013. Archived from the original on 27 May 2023. Retrieved 27 May 2023.
  2. ^ a b "Shenzhen High-tech Investment Group Ltd - Company Profile and News". Bloomberg.com.
  3. ^ a b c d "Company Catalogue" (PDF). Hrvatska gospodarska komora. Archived (PDF) from the original on 27 May 2023. Retrieved 27 May 2023.
  4. ^ a b c "Montnets Signs Strategic Cooperation Agreement with HTI Group". www.montnets.com. Archived from the original on 27 May 2023. Retrieved 27 May 2023.
  5. ^ a b "深圳高新投获六家信用机构最高评级". www.sohu.com. Retrieved 27 May 2023.
  6. ^ a b "News information - Waratah Group". www.waratahgroup.com. Archived from the original on 27 May 2023. Retrieved 27 May 2023.
  7. ^ "The Junk-Rated, JPMorgan-Owned China Bond Insurer Growing at 40%". Bloomberg.com. 4 May 2016. Archived from the original on 8 May 2016. Retrieved 27 May 2023.
  8. ^ Chai, Hua (31 August 2022). "'Little giants' can make big strides". chinadailyhk. Retrieved 27 May 2023.
  9. ^ 李齐. "South China financial hub demonstrating sterling success due to good policies". www.chinadaily.com.cn. Archived from the original on 27 May 2023. Retrieved 27 May 2023.
  10. ^ Chai, Hua (22 September 2022). "Shenzhen aims to be fintech hub". chinadailyhk. Archived from the original on 27 May 2023. Retrieved 27 May 2023.
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