In the first four months of this year, the balance of manufacturing loans in Guangzhou increased by 15% year-on-year

Manufacturing is the foundation of a country and the foundation of a powerful country.

From December 8 to 10 last year, the central economic work conference was held in Beijing to summarize the economic work in 2021 and deploy the economic work in 2022. For the manufacturing industry, the meeting pointed out that it is necessary to enhance its core competitiveness, start a number of industrial infrastructure reconstruction projects, and stimulate the emergence of a large number of "specialized and new" enterprises.

Following the national strategic development direction, Guangzhou proposed to "adhere to industry first and build a city with manufacturing industry", strive to improve the ability of independent innovation, promote the optimization of manufacturing structure and enhance the core competitiveness of manufacturing industry. In the first quarter of this year, the added value of Guangzhou's advanced manufacturing industry was 77.9 billion yuan, a year-on-year increase of 10.5%, accounting for 61.4% of the added value of industries above Designated Size, an increase of 1.4 percentage points year-on-year. The added value of high-tech manufacturing industry was 24.7 billion yuan, a year-on-year increase of 23.9%, 16 percentage points higher than the city's average level, accounting for 19.4% of the added value of industries above Designated Size, a year-on-year increase of 1 percentage point. The manufacturing industry generally presents a good development trend of improving quality and efficiency.

The 21st Century Business Herald reporter learned that on May 20, in order to guide financial institutions to better serve the real economy and accelerate the deep integration of advanced manufacturing industry and modern financial services, Guangzhou held a "publicity meeting on financial support for the development of advanced manufacturing industry and bank enterprise docking activity" in Huadu District.

"Financial institutions should make good use of financial means to promote the improvement of enterprise capital operation management level, broaden enterprise financing channels, reduce enterprise capital costs, enhance the ability of enterprises to deal with risk shocks, and improve the efficiency of financing connection between banks and enterprises." At the meeting, Lin Ping, vice president of Guangzhou Branch of the people's Bank of China, said that in recent years, through a series of measures such as strengthening the incentive and supervision of financial policies, giving full play to the supporting role of financial infrastructure and coordinating and promoting financial service innovation, the bank has guided financial institutions under its jurisdiction to increase the credit supply of manufacturing industry, promoted the reinforcement of manufacturing industry chain, and provided all-round financial services and guarantee for Guangzhou's stability, excellence and compulsory manufacturing.

In order to enable market participants to more clearly understand and understand the scope of application and enjoyment conditions of the monetary policy of the people's Bank of China, business experts of the business management department of Guangzhou Branch of the people's Bank of China explained the key points of financial support policies related to the development of advanced manufacturing industry, such as small-scale refinancing, scientific and technological innovation refinancing, rediscount and so on. Guangzhou Branch of the people's Bank of China supported manufacturing enterprises with credit funds of 4.3 billion yuan and 11.6 billion yuan respectively through two monetary policy tools: small refinancing and rediscount. The scientific and technological innovation refinancing was established in April 2022, and the optimization of the financing environment for the innovation and development of manufacturing enterprises in Guangzhou ushered in new opportunities.

Cai Qiliang, deputy head of Huadu District government, said at the meeting that the strong development of manufacturing industry is inseparable from the precise drip irrigation of financial resources. Huadu District gives full play to the advantages of the pilot zone for green financial reform and innovation, and guides financial institutions to provide differentiated and comprehensive financial services for advanced manufacturing enterprises in the District, creating an atmosphere of "daring to lend, willing to lend, meeting to lend and being able to lend" through a series of "combination boxing" of financial warming enterprises, such as "inventory management", accurate warming enterprises, "one-to-one service" personal warming enterprises, and "normalized docking" efficient warming enterprises, Add "gold" power to the "wisdom" of Huadu. This year, Huadu District added a new manufacturing listed company and now has 22 listed backup enterprises.

According to the data, by the end of April, the loan balance of banking institutions in Huadu District had exceeded 160 billion yuan, an increase of nearly 7 billion yuan over the beginning of the year; The balance of Pratt & Whitney loans increased by 31% year-on-year, benefiting more than 17000 customers. Financial support for the high-quality development of advanced manufacturing industry has achieved remarkable results.

On the same day, four advanced manufacturing enterprises including pilot food, Foshan yunmi, Shitian materials and Hongli Zhihui Group Co.Ltd(300219) signed the bank enterprise strategic cooperation agreement with China Merchants Bank Co.Ltd(600036) , Bank of Guangzhou and Guangzhou rural commercial bank. Participating financial institutions have said that they will give full play to their respective advantages, provide comprehensive and characteristic financial services for manufacturing enterprises, and constantly improve the quality and efficiency of financial services for manufacturing enterprises.

From the perspective of Guangzhou, by the end of April this year, the balance of manufacturing loans in the city had reached 349.6 billion yuan, a year-on-year increase of 15%, and the balance of medium and long-term loans in the manufacturing industry had reached 251.8 billion yuan, a year-on-year increase of 43%, which effectively guaranteed the capital demand for high-quality development of the manufacturing industry.

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