The State Administration of Financial Supervision and Administration recently issued the Notice on Doing Well in the Work of Inclusive Credit in 2024. The Notice proposed to strengthen the legal person service ability of small and micro enterprises, increase the first loan and renewal loan, actively develop micro credit products, and promote the revolving loan model of repayment while borrowing. According to the data from the State Administration of Financial Supervision, by the end of 2023, the loan balance of inclusive small and micro enterprises was 29.06 trillion yuan, up 23.27% year on year, 13.13 percentage points higher than the growth rate of various loans.
What are the innovations of inclusive small and micro enterprise loans in practice? The reporter learned that recently, a downstream dealer of Jiangsu Yonggang Group successfully obtained a loan of 5 million yuan through the "distribution e-loan" of CITIC Bank Suzhou Branch. What is different from the past is that the trading company, as a dealer, has obtained the much-needed working capital by virtue of the years of cooperation with Yonggang Group, the number of goods received, and through pure credit. China CITIC Bank Suzhou Branch realized information interaction with the core enterprise system, established risk control model through cooperation data to achieve online approval mode, and solved the financing problem for the core enterprise downstream SMEs.
How do banks and enterprises realize data information interaction? It is reported that in 2022, CITIC Bank Suzhou Branch and Zhangjiagang Sub branch reached a cooperation intention with Yonggang Group to provide downstream small and micro enterprises incorporated into Yonggang Group's supply chain financial platform with "distribution e-loan" products and services through the way of bank and platform data interaction. In 2023, Yonggang Group included "improving the management ability of downstream small and micro enterprises and building an independent supply chain financial platform" in its important plan, and established a system file of all dealers' names, years of cooperation, quantity of goods taken and other information, which was included in the online platform management. This method realized the bank enterprise data interaction of online dealer data recommendation and "dealer e-loan" application link implantation, and the new financing method of fast and efficient capital support was fully recognized by enterprises, which also fully enabled the supply chain management platform of Yonggang Group. Bao Feng, Vice President of Zhangjiagang Branch of CITIC Bank, said that this model has truly achieved a win-win situation for banks, core enterprises and downstream small and micro enterprises.
The Implementation Opinions of the State Council on Promoting the High quality Development of Inclusive Finance put forward that we should establish a professional mechanism to improve the scientific and technological innovation of financial services for small and micro enterprises, and increase support for small and micro enterprises in specialized, innovative and strategic emerging industries.
The reporter learned in the interview that since last year, Industrial Bank has established the financial commissioner system, and is committed to opening up the "last mile" where finance helps high-quality economic development. In the action of "Inclusive Finance Promotion Month", financial special commissioners popularized financial knowledge, interpreted inclusive policies, publicized small and micro products, and provided supporting financial service programs. At present, the Bank has selected more than 900 financial special commissioners. For example, Industrial Bank Jinan Branch set up a financial commissioner in this year's "Inclusive Finance Promotion Month" and held a bank enterprise matchmaking meeting. According to the operating characteristics of science and technology innovation enterprises, it launched a product system and special policies covering the whole life cycle of enterprises, including credit, mortgage, guarantee, etc., and reached financing cooperation intentions with more than 30 enterprises.
Through the "Inclusive Financial Activity Month", Industrial Bank comprehensively improved the level of inclusive financial services. By the end of March 2024, the bank's balance of inclusive small and micro loans had exceeded 550 billion yuan, an increase of 27 billion yuan over the beginning of the year, of which the balance of technology finance loans exceeded 889.2 billion yuan, serving 161900 technology enterprise customers; The balance of rural revitalization loans exceeded 700 billion yuan, serving 14500 rural revitalization enterprise customers. Lv Jiajin, Chairman of Industrial Bank, said that Industrial Bank is the witness and beneficiary of the development of private economy, and has always regarded serving the development of private economy as a major task and an important opportunity. Taking a new journey, Industrial Bank will give full play to its financial role, constantly increase the total amount of financing, continue to optimize the business structure, actively carry out financial innovation, and constantly improve the quality and efficiency of serving the private economy.
