Hunan introduced nine policies and measures to improve the overall financial strength and vitality

On the morning of May 31, the Information Office of Hunan Provincial Government held a press conference to introduce a series of measures taken by Hunan to implement the national package of policies to stabilize the economy. At the meeting, Lin Deyong, secretary of the Party Leadership Group and director of the Hunan Provincial Local Financial Supervision and Administration Bureau, gave a brief introduction to the relevant contents of the "Several Measures for Financial Support to Stable Economic Development" (hereinafter referred to as "Several Measures").

The Several Measures specifically proposed nine policy measures:

First, the total amount of credit increased steadily. We will make good use of monetary policy tools such as refinancing and rediscount, guide banking institutions to increase support for industries severely affected by the epidemic, small and medium-sized micro credit, and maintain the steady growth of credit supply across the province.

Second, increase support for inclusive small and micro loans. We will make full use of the newly increased agricultural support and small re lending lines, give full play to the positive guiding role of inclusive small and micro loan support tools, and promote the continuous increase of the number of "first loan households" and loan issuance of inclusive small and micro enterprises.

The third is to vigorously promote the "Golden Lotus" leap action of enterprise listing. We will deepen exchanges and cooperation with the Shanghai, Shenzhen and Beijing stock exchanges and the national stock transfer system, further open the "green channel" for enterprises to be listed, and provide precise services to enterprises under review and guidance for filing. Vigorously develop private equity investment, and build Xiangjiang Fund Town and Lugu Fund Plaza into a central fund gathering highland.

The fourth is to promote financial institutions to give way to the real economy. Encourage financial institutions to give full play to the role of market interest rate pricing mechanism, release the reform efficiency of the loan market quoted rate (LPR) formation mechanism, and effectively reduce the comprehensive financing costs of enterprises. Give full play to the guiding role of private and small and micro enterprises' loan risk compensation policies, and promote the real loan interest rate to continue to decline.

Fifth, strengthen the allocation of financial resources in key areas. Focusing on the "eight major projects", "seven major plans" and "nine major actions", we continued to carry out financial "warm spring action", "hundreds of enterprises marching forward" and other financing docking activities, and promoted the cooperation and interaction modes of bank tax, bank insurance, government and bank guarantee.

Sixth, comprehensively deepen financial reform and innovation. Focusing on "credit enhancement through debt financing, guidance through equity investment, and cultivation through capital market fundraising", we will comprehensively promote reform and innovation in areas such as science and innovation finance, inclusive finance, supply chain finance, rural finance, and green finance.

Seventh, improve the level of financial service facilitation. Accelerate the construction of a fully functional and effective provincial enterprise financing credit service platform and a provincial credit investigation platform.

Eighth, actively play the role of local financial organizations. By optimizing and adjusting the regulatory rating system and other measures, local financial organizations will increase their support for the real economy, especially small and micro enterprises, individual businesses and other key groups of inclusive finance.

Ninth, continue to optimize the regional financial development environment. Guide financial institutions to underwrite provincial government bonds in accordance with laws and regulations, encourage the government, financing platform companies and financial institutions to negotiate on an equal basis, and mitigate the risk of maturing debt in accordance with the principles of marketization and legality.

Lin Deyong introduced that, in the next step, we will strengthen overall planning, do a good job in coordinating services, pay close attention to the implementation of policies, and make greater contributions to improving the overall financial strength and vitality of Hunan and promoting high-quality economic and social development of Hunan.

key word: Hunan's financial strength Inclusive small and micro loans Golden Lotus Jump Action Financial institutions give way to real economy