2023-07-25 00:56:00
People’s Daily Online, Beijing, July 25 (Reporter Bao Congying) On July 24, the Business Management Department of the People’s Bank of China and the Beijing Foreign Exchange Management Department of the State Administration of Foreign Exchange held a press conference for the third quarter of 2023 to introduce Beijing’s financial statistics for the first half of 2023. The reporter was informed that at the end of June, the balance of inclusive small and micro loans in Beijing increased by 23.9% year-on-year, hitting a new high since 2022.
“Since the beginning of this year, the People’s Bank of China’s business management department has accurately and effectively implemented a prudent monetary policy, guided financial institutions within its jurisdiction to increase support for the real economy, and provided strong financial support for the continued recovery and high-quality development of the capital’s economy.” Yu Jian, director of the money and credit management department of the people’s bank of business management department, introduced that the business management department of the people’s bank of China continued to play a good role in guiding and leveraging structural monetary policy tools. In the first half of the year, the Beijing area accumulatively released more than 80 billion yuan of central bank policy funds, benefiting regarding 22,000 market entities, of which more than 85% were small and micro enterprises and private enterprises; nearly 50% of the funds were invested in key areas such as science and technology innovation, green, and manufacturing. In addition, special re-loans such as carbon emission reduction support tools, clean and efficient use of coal, technological innovation, and transportation and logistics have been used to provide low-cost financial support for nearly 35 billion yuan in bank loans in related fields, and continue to guide financial institutions within the jurisdiction to improve their services for the high-quality development of the capital’s economy.
Increase credit support for science and technology innovation and manufacturing enterprises. Taking the opportunity of promoting the construction of the Zhongguancun Science and Technology Innovation Financial Reform Pilot Zone, strengthen the guidance of credit policies, exchange and promote the experience and practices of science and technology innovation financial services, and rely on the innovation of Beijing’s bank-enterprise docking system to build a science and technology innovation financial product supermarket that integrates the functions of “credit product information disclosure”, “monetary policy tool support” and “bank-enterprise financing docking bridge”. At the end of June, the balance of high-tech industry loans in Beijing increased by 20% year-on-year, and the number of borrowers increased by 32% year-on-year; the balance of medium and long-term loans in the manufacturing industry increased by 54.4% year-on-year, 18.8 percentage points higher than the same period last year.
Continue to optimize financial services for private and small and micro enterprises. Regularly organize online and offline bank-enterprise matchmaking activities to strengthen financing service support. The work of guaranteed loans for entrepreneurship was done in a down-to-earth manner, and the balance of guaranteed loans for entrepreneurship in the city exceeded 5.07 billion yuan, a year-on-year increase of 77.4%. At the end of June, the balance of inclusive small and micro loans in Beijing increased by 23.9% year-on-year, a record high since 2022, 12.8 percentage points higher than the growth rate of various loans in the same period, and the number of borrowers increased by 40.7% year-on-year; the balance of private economic loans increased by 10.3% year-on-year, and the growth rate was 1.9 and 5.6 percentage points higher than the end of the first quarter and the same period last year.
Strengthen financial support for green, low-carbon and high-quality development. Monetary policy tools continue to boost the development of low-carbon environmental protection industries. In the first half of the year, relevant banks in Beijing were guided to support 155 carbon emission reduction projects and coal projects through carbon emission reduction support tools and special refinancing for clean and efficient use of coal, with an amount exceeding 15 billion yuan, driving annual carbon emission reductions of 5.2 million tons. Green finance evaluation methods have been continuously upgraded, and positive incentives and guidance have been effectively enhanced. Continue to promote the environmental information disclosure of financial institutions, guide financial institutions within the jurisdiction to carry out carbon accounting, and consolidate the data basis for information disclosure. Deepen the implementation of comprehensive cooperation with the ecological environment department, and effectively promote the identification of green enterprises (projects) and the connection of finance. At the end of June, the balance of green loans in local and foreign currencies in Beijing increased by 31.9% year-on-year, 21.7 percentage points higher than that of various loans in local and foreign currencies in the same period; in the first half of the year, the green bond financing scale of non-financial enterprises in Beijing was 51.68 billion yuan, ranking first in the country.
Finance helps culture, tourism, sports and other related industries recover quickly. The Business Management Department of the People’s Bank of China strengthened communication between departments, and jointly organized a number of bank-enterprise matchmaking and policy presentations. Yu Jian introduced, “In order to further help the rapid recovery and high-quality development of related industries, we are working with other financial management departments and cultural industry departments to study and draft the next support policy measures, which are planned to be released in the near future.” At the end of June, the balance of loans to the cultural and tourism industries in Beijing increased by 4% and 37.4% year-on-year respectively, and the number of borrowers increased by 21.6% and 38.1% year-on-year respectively.
Accelerate the development of consumer finance to support the steady recovery of consumption. In order to effectively support the expansion of domestic demand, banks within the jurisdiction have made efforts from the supply and demand sides of consumption to promote the release of consumption potential. From the perspective of consumption, firstly, the interest rate of consumer loans has been lowered, and the interest rate of personal consumption loans of some banks has dropped to a historical low of below 3.5%; secondly, the cooperation with e-commerce platforms has been continuously deepened to increase the online service supply of personal consumer credit loans; thirdly, consumption coupons have been issued and full consumption reduction activities have been carried out around consumption scenarios such as catering and shopping; fourthly, diversified financial products and services have been provided to meet the needs of bulk consumption such as car purchases, and the application process has been optimized and loan lending efficiency has been improved. Yu Jian introduced that in the first half of the year, the city’s personal short-term consumption loans increased by 58 billion yuan, an increase of 6.57 billion yuan year-on-year. From the perspective of merchants, banks within the jurisdiction actively support the development of consumer supply enterprises, especially small and micro enterprises and individual industrial and commercial households, and continue to help enterprises reduce costs, increase efficiency, and boost confidence by reducing credit interest rates, increasing credit loan supply, and providing more favorable rates for scanning codes and bank card transactions.
(Editors in charge: Bao Congying, Gao Xing)
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