This year’s government work report did not put forward a target for the growth rate of inclusive small and micro enterprise loans of large commercial banks, but the latest executive meeting of the State Council put forward an incremental target for inclusive small and micro loans of large state-owned banks.
The executive meeting of the State Council held on May 5 pointed out that this year, large state-owned banks added 1.6 trillion yuan of inclusive small and micro loans to guide banks to take the initiative to strengthen services; For small, medium-sized and micro enterprises and individual industrial and commercial households, the loan renewal, extension and adjustment of repayment arrangements shall be reasonable, and the penalty interest shall be exempted.
It is worth noting that the executive meeting of the State Council did not clarify what is “large state-owned banks”, which is slightly different from the expression of “large commercial banks” in the government work report for many years.
According to the data of China Banking and Insurance Regulatory Commission, by the end of 2021, the loan balance of inclusive small and micro enterprises of large commercial banks was 6.556 trillion yuan, an increase of 1.7232 trillion yuan compared with 4.8328 trillion yuan at the end of 2020, with a growth rate of 35.66%, of which the growth rate of five major banks was 41.4%.
21st Century Business Herald reporter: according to the financial report statistics of the six major banks in 2021, by the end of 2021, the loan scale of inclusive small and micro enterprises of the six major banks was nearly 6.5 trillion. Except Postal Savings Bank Of China Co.Ltd(601658) , the other five major banks have achieved a growth rate of more than 30%, of which ICBC and BOC have achieved a growth rate of more than 50%. From the specific situation of each company, there are three companies with a scale of more than trillion yuan: CCB has the largest inclusive loan scale, reaching 1.87 trillion yuan; Second, ABC 1.3 trillion; Labor behavior is 1.1 trillion yuan.
According to the definition in the “RMB credit revenue and expenditure statement of large Chinese funded banks” of the central bank, “large banks” include six major banks and China Development Bank, which means that under the incremental target of inclusive small and micro loans of 1.6 trillion yuan, the growth target of the five major banks is lower to a certain extent than the requirement of “growth rate higher than 40% in 2021”; If “large banks” include only six or five banks, it means that their growth target has decreased, but the incremental target is equal to that in 2021.
In April this year, the notice on further strengthening financial support for the development of small and micro enterprises in 2022 issued by the CBRC proposed that efforts should be made to increase the proportion of first loan households among small and micro enterprise loan households, and large banks and joint-stock banks realized that the number of first loan households of small and micro enterprise legal persons in the whole year was higher than that in the previous year; Large banks and joint-stock banks shall formulate inclusive credit plans for small and micro enterprises, compact the task of credit extension to the first level branches in underdeveloped areas, and clearly require each first level branch to give priority to meeting the credit needs of relatively underdeveloped areas within its jurisdiction when decomposing the credit plan downward.
For policy banks, the above documents require that policy banks should continue to deepen and improve the refinancing business model of small and micro enterprises cooperating with commercial banks, and steadily explore and carry out direct lending business to small and micro enterprises according to their own strategic positioning and business characteristics.
How can large banks continue to support Pratt & Whitney microenterprises this year China Construction Bank Corporation(601939) executives pointed out at the 2021 annual performance conference that this year, they will further increase support for Inclusive Finance and other businesses, and increase investment in financial technology in Inclusive Finance and other businesses.
Agricultural Bank Of China Limited(601288) executives pointed out at the 2021 annual performance conference that according to the statistics at the end of 2020, there are 150 million market entities, including about 100 million individual industrial and commercial households, about 50 million legal customers of small and micro enterprises, and 90% of them are small and micro enterprises. The whole banking industry has provided financing support to about 33 million households, accounting for only 20% of the main body of the market. “ABC has a relatively large coverage in serving inclusive customer groups, and only served 1.92 million households. From the data, we can see that there is still a lot of room for the increment of inclusive financial services.”
Industrial And Commercial Bank Of China Limited(601398) executives said at the 2021 annual performance conference that this year, the bank will continue to strengthen the development of Inclusive Finance, further improve the coverage, accuracy and sustainability of Inclusive Finance, increase information integration and ecological links, accurately solve the financing pain and difficulties of small and micro enterprises, promote more convenient and accessible financing services, and continue to increase the proportion of credit loans and first loan users.
Bank Of China Limited(601988) executives revealed at the 2021 annual performance conference that the bank initially plans to add 300 billion yuan of inclusive financial loans this year, maintaining the same incremental level as that in 2021, taking into account the current situation and regulatory requirements.
According to the disclosure of China Development Bank on November 11, 2021, the bank has issued 210.43 billion yuan of refinancing in that year, and newly supported about 220000 small and micro enterprises, mainly covering key industries such as manufacturing, wholesale and retail, agriculture, forestry, animal husbandry and fishery, as well as key areas such as old revolutionary base areas.
