Original title: finding the right financial fulcrum to serve the real economy
The meeting of directors of financial offices of local Party committees across the country recently stressed that we should find the entry point and focus point of financial support for the real economy, increase support for major strategies, key areas and weak links, focus on promoting high-quality economic and social development, and in this process, achieve high-quality development of cash financing. How effective are local governments in guiding banking institutions to increase support for major strategies and focus on promoting local economic development? What measures are taken in risk prevention and control? The reporter made an in-depth investigation.
Focus on supporting major strategies
High quality development is the primary task of building a socialist modern country in an all-round way, and providing high-quality services for economic and social development is the proper meaning of the financial industry.
Since this year, Chongqing has focused on the construction of the western financial center and issued the Action Plan for Chongqing to Vigorously Implement the "Smart Financing, Beneficial and Smooth" Project to Build the Western Financial Center with High Quality (2024-2027), comprehensively strengthen the leadership of the Party in the financial system and the construction of the Party, and strive to improve the key capabilities of financial convergence and radiation, serving the real economy, digital and intellectual innovation, opening and leading, risk prevention and control, etc, The city's financial industry has operated steadily, its comprehensive strength has continued to increase, and its financial support for high-quality development of the real economy has significantly improved. At the same time, Chongqing actively guides more financial resources to major strategies, key areas and weak links. Since 2023, Chongqing Municipal Government has signed strategic cooperation agreements with nearly 40 financial institutions to guide financial institutions to provide in-depth services to the Chengdu Chongqing double city economic circle, the new land sea channel in the west, the high-quality development of the Yangtze River Economic Belt and the construction of national strategic hinterland, fully integrate into the construction of the western financial center, and boost the high-quality development of modern new Chongqing.
In terms of improving the quality and efficiency of channel financial supply, the Finance Office of Chongqing Municipal Committee of the Communist Party of China has promoted domestic and foreign financial institutions to form a financial service consortium for the new channel of land and sea in western China. At present, there are 60 member institutions, initially forming a financial service network system covering countries and regions along the new channel of land and sea in western China. Direct settlement in small currencies and local currencies, local auto consumption finance in Indonesia A number of demonstration cases have been formed in cross-border economic and trade matchmaking. The relevant person in charge of Bank of China Chongqing Branch told reporters that in recent years, the bank has actively built a cross-border financial service mechanism of "one point access and global response", launched digital products such as shipping online, BOC cross-border remittance direct, online supply chain, and enabled the construction of new land and sea channels in the west. At the end of March, the Bank provided nearly 1500 Chongqing enterprises with cross-border settlement of US $10.9 billion, up 57.84% year on year; Provide cross-border RMB settlement of nearly 29 billion yuan, up 126.97% year on year.
The coordinated development of Beijing, Tianjin and Hebei and the "three rural" areas are the focus of Tianjin's financial services. Under the guidance of Tianjin financial supervision department, Tianjin Branch of Agricultural Bank of China has done a good job in science and technology finance, shipping finance, industrial finance and other articles around major strategies and key areas. Qian Hong, President of Tianjin Branch of Agricultural Bank of China, introduced that in the first quarter of 2024, the Bank had cumulatively granted loans to various entities of more than 60 billion yuan, and corporate entity loans increased by 22 billion yuan. The increase in loans in key areas such as manufacturing, green, strategic emerging, inclusive, agriculture and others ranked first in the industry. In terms of serving the coordinated development of Beijing, Tianjin and Hebei, by the end of March, the bank's loan balance in the area of coordinated development of Beijing, Tianjin and Hebei had exceeded 110 billion yuan, supported key construction and reserve projects in Tianjin, and the balance of key credit exceeded 21 billion yuan. In addition, in the first quarter, agricultural loans of Agricultural Bank of China Tianjin Branch increased by nearly 5 billion yuan, grain loans exceeded 4 billion yuan, and "rural travel loans" products were launched, covering 12 rural tourism demonstration areas and 12 boutique routes serving Tianjin.
Improve service level, quality and efficiency
Financial work should take serving the real economy as the fundamental purpose, and identify the entry point and focus of financial support for the real economy.
The development of shipping finance is one of the entry points for Tianjin to promote financial support for the real economy according to the actual situation. In December 2023, the Plan on Deepening the Construction of Financial Innovation and Operation Demonstration Zone issued by Tianjin proposed to continue to promote the high-quality development of shipping finance and industrial finance, and build four financial cluster landmark areas. In the first quarter of this year, Tianjin shipping finance made a "good start", and the city completed 67 ship leasing businesses, an increase of 14 year-on-year; The asset scale was US $1.83 billion, up 35.6% year on year; The premium income of ship insurance was 180 million yuan, up 16.6% year on year; The freight insurance premium income was 130 million yuan, up 74.4% year on year.
In recent years, Guangxi has promoted local policy based financial innovation by strengthening the coordinated use of financial funds and financial instruments, and formed a series of Guihui financial service brands such as "Guihuidai", "Guihuibao" and "Guihuizi", which effectively serve the real economy and strive to promote high-quality economic and social development.
Guangxi Tongchuang New Energy Technology Co., Ltd. is a new energy electric vehicle enterprise. Its recent sales revenue is good, and it plans to expand its production scale, but the existing funds are not enough to support the expansion. After learning this situation, Guangxi Xiangzhou County Branch of Agricultural Bank of China continued to increase the amount of credit loans by 5 million yuan this year on the basis of granting 5 million yuan of loans in 2023 to support the development of enterprises, to help enterprises solve the difficulty of capital turnover. Wang Quanwen, the head of the company, said that "Guihuidai" not only helped enterprises to solve the problem of capital demand, but also helped enterprises to save financing costs and let enterprises have more capital to invest in production and operation.
According to reports, "Gui Hui Dai" is a fiscal and financial linkage policy created by Guangxi. It plans to raise 20 billion yuan of financial funds at all levels throughout the region during the "14th Five Year Plan" period. It will subsidize eligible loans newly issued by financial institutions within its jurisdiction in the current year at a rate of 0.5 to 3 percentage points of interest margin. By means of pre subsidy of funds, enterprises will be able to directly Conveniently enjoy the dividend of preferential policies for enterprises, and promote preferential policies to reach the real economy. Li Kaizhou, deputy director of the Finance Office of the Party Committee of Guangxi Zhuang Autonomous Region, said that since 2021, "Guihuidai" has granted more than 960 billion yuan of preferential interest rate loans, benefiting 400000 business entities (times), and directly reducing the financing costs of business entities by nearly 18 billion yuan.
In the field of insurance, Guangxi launched "Guangxi Huibao" and vigorously developed agricultural insurance. In the past five years, the average annual growth rate of agricultural insurance premium income in the whole region exceeded 30%. In terms of industrial support, Guangxi expanded the pilot project of full cost and planting income insurance for sugar cane, actively carried out the new model of "insurance+futures", and established and improved the risk response mechanism for sugar cane, pigs and other industries.
Hu Yingquan, member of the Party Committee and second level inspector of the Guangxi Regulatory Bureau of the State Administration of Financial Supervision and Administration, introduced that, in order to give play to the advantages along the border, Guangxi vigorously promotes the innovation of border finance and cross-border financial services to achieve new breakthroughs, promotes financial institutions to explore and develop financial products with characteristics in border areas such as "mutual market loans" and "preferential border loans", and builds "mutual aid groups+border residents+enterprises+finance" The border trade financial ecosystem has enriched cross-border insurance product systems such as cross-border vehicle insurance and export cargo insurance.
In other areas, Guangxi has also launched programs to serve the real economy. In terms of promoting the development of the capital market, we launched "Gui Hui Zi", implemented five incentive policies, including listing rewards and subsidies, established a district, city and county level normalized roadshow mechanism, and built an equity financing docking platform; In terms of establishing and improving the new financing guarantee service system, we launched "Guihuidan" to enhance the financing credit enhancement function. Since 2021, the district's government financing guarantee direct guarantee institutions have supported small and medium-sized enterprises and "three rural" financing guarantee loans of more than 160 billion yuan, benefiting more than 150000 business entities; In terms of effectively serving the financing of real enterprises, "Gui Hui Tong" has been launched. At present, the platform has more than 300000 registered users, helping enterprises to obtain credit of 1.8 trillion yuan and loans of more than 1 trillion yuan... These Gui Hui series brands create high-quality financial supply around Guangxi's key areas and weak links, forming a series of new mechanisms to serve the real economy.
Focus on risk prevention and control
Risk prevention and control is the eternal theme of financial work.
Liu Huijie, the deputy director in charge of daily work of the Finance Office of the Tianjin Municipal Party Committee, said that in terms of financial risk prevention and control, Tianjin Local Finance Administration strictly implemented the national level regulatory requirements, developed and improved the relevant supporting systems of local financial organizations in combination with Tianjin's actual conditions, improved the working mechanisms of "pre establishment verification" and "normalized monitoring", and improved cross sectoral market access coordination The linkage mechanism of supervision information sharing and key work focuses on forming a joint force of supervision, and implements dynamic prudential supervision of local financial organizations in the whole cycle, whole process and whole chain.
It is reported that in order to strengthen the supervision of small and medium-sized financial institutions, Tianjin Local Financial Administration has successively established coordination mechanisms such as the joint liquidation mechanism of local financial organizations that have not operated for a long time, the coordination mechanism of financial and commercial trials and regulatory services, and the coordinated risk prevention mechanism of Tianjin urban area. Since 2023, Tianjin's financial, market supervision, taxation and other departments have jointly carried out four batches of clean-up work, and more than 230 local financial organization business licenses have been revoked.
Ruan Lu, deputy director in charge of daily work of the Finance Office of the Chongqing Municipal Committee of the CPC, said that at present, Chongqing takes risk prevention as the primary task, and firmly holds the bottom line of no systemic risk as the primary goal, on this basis, it continues to promote strong supervision and development. Chongqing strictly implements the "16 word" basic policy of the central financial risk management, adheres to the work orientation of "eliminating risks and eliminating problems", focuses on key areas and key links, builds a coordinated risk management and control system between the central and local governments, deploys three-year actions to prevent and control major risks in the financial sector, makes good use of online platforms such as comprehensive management to crack down on illegal activities, implements classified risk management, and conducts specialized, project-based Event based dynamic control, early identification, early warning, early exposure and early disposal of risks, "one enterprise, one policy" to promote the financial risk resolution of individual enterprises, promote the implementation of real estate financing coordination mechanism, and effectively control stakeholder risks.
Adhere to the principle of "long teeth with thorns", have edges and corners, strictly strengthen the supervision of local financial organizations, and Chongqing's local financial supervision system is gradually improving. It is understood that 7 of the 11 small loan companies with a registered capital of more than 5 billion yuan are in Chongqing. Taking strengthening the supervision of small loan companies as an example, Chongqing has developed nearly 40 regulatory systems, covering institutional access, market exit, financing behavior, executive performance, loan interest rate, digital governance, information disclosure, etc., and basically formed a whole chain and full cycle regulatory system; Build an adaptive industry ecology, build "four beams and eight pillars" of consumer insurance work, strengthen cross collaboration with the judiciary, petition, public security, Internet information, and communication management, provide a platform for diversified solutions to financial conflicts and disputes, and effectively promote the healthy and compliant development of Chongqing's small loan industry.
