Recently, at the provincial financial support for the real economy symposium held by the People’s Bank of China Gansu Branch, it was reported that as of the end of April, the total balance of all loans in the province reached 2.98 trillion yuan. Financing costs have further declined, and the financial service environment has continuously improved. Financial institutions across the province will continue to thoroughly implement various supportive financial policies and contribute to the high-quality development of the provincial economy from five aspects.
Since the beginning of this year, financial institutions have closely centered on the economic and financial work goals and tasks of the province. They have earnestly implemented the moderately loose monetary policy, effectively prevented and defused financial risks, and done a good job in the “five major articles” of finance, providing strong support for the upward and positive development of the provincial economy. The total amount of loans in the province has grown steadily, and the credit structure has continued to optimize. The growth rates of green loans, credit loans for small and micro enterprises, and business loans for individual industrial and commercial households have significantly exceeded the average growth rate of all types of loans. Financing costs have further declined, and the financial service environment has continuously improved. At the end of April, the total balance of all loans in the province was 2.98 trillion yuan. The weighted average interest rates of newly issued loans to enterprises and small and micro enterprises in the province from January to April were both at historically low levels.
Next, financial institutions across the province will, in accordance with a series of work arrangements made by the People’s Bank of China and the provincial Party committee and government, thoroughly implement various supportive financial policies and focus on supporting and assisting the high-quality development of the provincial economy from five aspects:
Increase Support for the Real Economy
Make full use of the window period for the implementation of the package of incremental policies.Focus on key areas such as “new urbanization and new urbanization” and “major urbanization and new urbanization.”
Deeply implement the loan smoothness project and intensify efforts to expand credit supply.
Make full and effective use of policy tools for re-lending to agriculture and small businesses, and expand credit supply to agricultural-related enterprises, micro and small businesses, and private enterprises.
Strengthen the implementation and transmission of interest rate policies, fully pass on the funds released and costs reduced by the package of measures to the real economy, actively conduct pilot work on clearly stating the comprehensive financing costs of enterprise loans, and jointly work to reduce the comprehensive financing costs of enterprises.
Focus on Key Support Areas
Concentrate on key areas such as technology finance, green finance, and inclusive finance.
Establish and improve monitoring and evaluation mechanisms.
Promote the normalization and precision of financing connections among the government, banks, and enterprises.
Strengthen assessment and evaluation as well as policy publicity and interpretation to ensure that policies are truly implemented and take effect.
Continue to Promote the Prevention and Resolution of Financial Risks:
Focus on key areas and improve the long-term mechanism for risk prevention and control.
Accelerate Reform and Innovation in the Foreign Exchange Field
Make full use of trade facilitation policies.Strengthen the promotion and application of cross-border financial service platforms.Deepen exchange rate risk management services for enterprises.Accelerate the development of cross-border RMB business to support the province in stabilizing foreign trade and foreign investment.
Continuously Optimize the Financial Business Environment
Do a solid job in providing financial services such as payment, credit investigation, RMB cash, and Treasury.
Effectively meet the financial needs of society and the people.
Increase credit support for county-level economies and maintain the stability and continuity of county-level financial services.
Continue to purify the financial service environment, crack down on illegal financial activities severely, and maintain a good order in the financial market.
Related Topics:
