On March 25, the first special session of Inclusive Finance was held online at a series of work conferences organized by Beijing Banking Association on supporting the real economy and serving the people’s livelihood. Relevant principals of Beijing Banking and Insurance Regulatory Bureau, Industrial And Commercial Bank Of China Limited(601398) Beijing Branch of China, Bank Of Beijing Co.Ltd(601169) , Beijing Rural Commercial Bank and Beijing loan service center attended the press conference and introduced the development of Inclusive Finance Business in 2021. Relevant principals of some banking institutions also answered questions from reporters of Securities Daily on this issue.
capital’s small and micro financial services made a good start in the 14th five year plan
Zang Yanyun, deputy director of the Pratt & Whitney division of the Beijing Banking and Insurance Regulatory Bureau, said that in 2021, Beijing’s credit support for small and micro enterprises continued to increase, and the total amount of credit supply increased steadily. By the end of 2021, the loan balance of Bank Of Beijing Co.Ltd(601169) small and micro enterprises was 1.73 trillion yuan, an increase of 11.9% year-on-year; The number of small and micro enterprise loans increased by more than 100000 year-on-year. Among them, the inclusive small and micro enterprise loans with a single credit of less than 10 million yuan maintained a rapid growth, the loan balance increased by 25.0% year-on-year, 19.4 percentage points higher than the growth rate of various loans, the number of loan households increased by more than 70000 year-on-year, and 123.3% of the annual credit plan was completed as a whole. 14 corporate banks achieved the goal of “two increases” as a whole and exceeded the annual credit plan. The Beijing Branch of five large banks gave full play to the effectiveness of “head geese” and achieved the goal of an annual increase of more than 30% in inclusive small and micro enterprise loans.
According to Bai Xue, general manager of Pratt & Whitney Department of Industrial And Commercial Bank Of China Limited(601398) Beijing Branch of China, Industrial And Commercial Bank Of China Limited(601398) Beijing branch had a total deposit balance of more than 5 trillion yuan in domestic and foreign currencies at the end of 2021, a total financing of 2.4 trillion yuan, and various loans in domestic and foreign currencies of 1.17 trillion yuan, keeping the leading position in the industry. The balance of Pratt & Whitney loans exceeded 40 billion yuan, with an average growth rate of more than 50% in recent three years, and credit supported nearly 20000 small and micro enterprises.
In addition, according to Duan Hongli, general manager of Bank Of Beijing Co.Ltd(601169) Inclusive Finance Department, since 2018, Bank Of Beijing Co.Ltd(601169) inclusive loans have increased rapidly, with an average annual growth rate of more than 30%. By the end of 2021, the balance of Bank Of Beijing Co.Ltd(601169) inclusive finance loans was 126.1 billion yuan, with 137700 households.
As a local legal person bank, Beijing rural commercial bank co ordinates the implementation of various policies and implements the original mission of supporting agriculture. We strengthened customer support for “first loan” and “renewal loan”. The first batch of customers settled in Beijing loan service center. In 2021, 1780 businesses were approved in the center, with a loan amount of nearly 7 billion yuan, and assisted 124 qualified enterprises to apply for a first loan subsidy of nearly one million yuan. As of the end of the year, Cui Kewei, deputy general manager of the Ministry of small-scale finance of China Rural high-speed development bank and China Rural Micro Finance Co., Ltd., presided over the introduction of 10.71 billion yuan of personal loans of China Rural high-speed development bank and China Rural Micro Finance.
It is worth mentioning that in order to further optimize the business environment, help the innovative development of small, medium-sized and micro enterprises, and solve the problems of “difficult financing” and “expensive financing” of small and micro enterprises, with the strong promotion and support of the Beijing Municipal Party committee and government and the Beijing Banking and Insurance Regulatory Bureau, the first loan service center in China – Beijing loan service center has been officially put into operation since April 1, 2020.
“In the past two years since the operation of the loan service center, 37600 loans have been approved, involving an amount of nearly 150 billion yuan. The number of first-time loans to customers accounts for nearly 45%, and the total number of loans to small and micro enterprises and individual borrowers accounts for 99.13%.” Yin Jun, chief representative of Beijing Municipal loan service center, introduced that in terms of loan amount, the average household loan amount is about 3.9 million yuan, and there are about 19000 loans with a loan amount of 1-5 million, accounting for more than 50% of all loans, reflecting the characteristics of loans inclined to small, medium-sized and micro enterprises; In terms of loan interest rate, the weighted average interest rate of loans is 4.5%, which is lower than the average interest rate of enterprise loans announced by the people’s Bank of China, which helps to alleviate the problem of “expensive financing” of enterprises; From the perspective of the industry in which the borrowing enterprises are located, the number of loans of science and innovation enterprises accounts for the highest, reaching 22.87%, which fully demonstrates the functional orientation of the loan service center to serve the construction of the “four centers” in the capital.
financial services “new citizens” support entrepreneurship and employment
In March this year, the China Banking and Insurance Regulatory Commission and the people’s Bank of China issued the notice on strengthening financial services for new citizens. In view of the financial needs of new citizens in key areas such as entrepreneurship, employment, housing, education, medical treatment and pension, encourage and guide banking and insurance institutions to actively connect with existing support policies, strengthen product and service innovation according to local conditions, and expand financial supply with high quality, Improve the equality and convenience of financial services.
Beijing Banking and Insurance Regulatory Bureau actively supports the relevant commissions and bureaus of the municipal government to optimize the policy of entrepreneurship guaranteed loans, simplify the process of entrepreneurship guaranteed loans, and promote the continuous expansion of the coverage of entrepreneurship guaranteed loans in Beijing to benefit more new citizens. For example, Beijing Municipal loan service center was guided to implement the “entrepreneurship guarantee loan” function to support entrepreneurship and employment in the new municipal democratic body. It is reported that recently, the Beijing Municipal loan service center successfully launched the first “entrepreneurship guarantee loan” business. The Beijing Rural Commercial Bank cooperated with the capital financing guarantee company to provide 3 million yuan loan support for a cultural and creative small and micro enterprise that attracts more new citizens for employment. The small and micro businesses have recruited new workers 57% this year, and 71% of the registered residence workers in the field.
In terms of promoting the entrepreneurship and employment of “new citizens”, Industrial And Commercial Bank Of China Limited(601398) Beijing Branch also included “new citizens” into the scope of entrepreneurship guarantee loan support to reduce the financing cost of “new citizens”. By the end of 2021, the loan amount had exceeded 100 million yuan, covering more than 100 small and micro enterprises for entrepreneurship and employment, benefiting nearly 250000 people. The number of credit creation customers and loan balance had always ranked first among the new pilot banks in Beijing, and continued to contribute to the radiation and pulling role of small and micro enterprises in promoting entrepreneurship and employment in the capital.
In fact, Industrial And Commercial Bank Of China Limited(601398) Beijing Branch has done a lot of exploration in serving “new citizens” before the concept of “new citizens” was put forward. In response to a reporter’s question from Securities Daily, snow white introduced that the balance of inclusive loans of Beijing branch can maintain an average growth rate of more than 50% in recent three years because it can dig deep into the demand of existing customers and the potential of incremental customers, which virtually covers the group of “new citizens”. At the same time, under the situation of fierce horizontal competition and serious homogenization of credit products, Beijing Branch relies on strong financial technology advantages to realize business innovation, model innovation and product innovation, so as to provide customers with more efficient, convenient and comprehensive inclusive financial services.
The Beijing Banking and Insurance Regulatory Bureau said that in the next step, it will continue to improve the construction of loan service center, strengthen the function of venture guarantee loan service, guide the handling banks to deepen cooperation with financing guarantee institutions, actively promote venture loan products, optimize business process, and improve the satisfaction of financial services of innovative and entrepreneurial market subjects such as small and micro enterprises, individual industrial and commercial households and new citizens.
