The loan balance has increased significantly, and the development of the manufacturing industry has ushered in financial policy dividends

2023-12-07

The development of the manufacturing industry has ushered in a round of financial policy dividends. The reporter learned from regulatory authorities and multiple financial institutions in multiple regions that the year-on-year growth rate of manufacturing loan balances has been relatively fast since the beginning of this year, especially with a significant increase in medium - and long-term loans in the manufacturing industry. In order to better serve manufacturing enterprises, relevant departments continue to expand the investment of medium and long-term loans in the manufacturing industry. By strengthening guidance and services in the project application process, guiding banks and other financial institutions to increase project coordination, strengthening factor guarantee and supporting services, and enriching the supply of financial products, relevant financing support and financial services for manufacturing enterprises, especially private manufacturing enterprises, have been continuously enhanced. The manufacturing industry is the mainstay of the national economy, with a long value chain, strong correlation, and strong driving force. It plays a leading and supporting role in the modern economic system, with a significant increase in loan balances. The recently held Central Financial Work Conference pointed out that "optimizing the structure of fund supply and allocating more financial resources to promote technological innovation, advanced manufacturing, green development, and small and medium-sized enterprises". Since the beginning of this year, especially in the second half of the year, there has been a rapid growth in medium - and long-term loans in the manufacturing industry in many regions. The Anhui Regulatory Bureau of the State Administration for Financial Regulation recently disclosed that as of the end of October, the balance of manufacturing loans in the province was 1.06 trillion yuan, with a newly added manufacturing loan of 206.7 billion yuan, an increase of 24.31% compared to the beginning of the year. The balance of medium and long-term loans in the manufacturing industry was 502.2 billion yuan, an increase of 147 billion yuan from the beginning of the year, with a growth rate of 41.41%. According to data disclosed by the Guangdong Regulatory Bureau of the State Administration for Financial Regulation, as of the end of September 2023, the balance of manufacturing loans within its jurisdiction was 2.61 trillion yuan, a year-on-year increase of 20.81%, which is 9.49 percentage points higher than the average growth rate of various loans; Long term loans in the manufacturing industry increased by 34.14% year-on-year, while credit loans in the manufacturing industry increased significantly by 34.25% compared to the beginning of the year. The credit structure continues to be optimized. The reporter also learned from multiple financial institutions that there has been a significant increase in medium - and long-term loans in the manufacturing industry compared to the beginning of the year. As of the end of October, the balance of manufacturing loans from Industrial and Commercial Bank of China exceeded 3.7 trillion yuan, with a growth rate of over 20%. Among them, the balance of medium and long-term loans in the manufacturing industry was 1.8 trillion yuan, with a growth rate of 39%; At the end of October, the balance of manufacturing loans from Everbright Bank was 466.2 billion yuan, an increase of 72.6 billion yuan from the beginning of the year, with a growth rate of 18.46%; As of the end of September, the balance of medium and long-term loans in the manufacturing industry of Guangfa Bank was 99.15 billion yuan, an increase of 31.66 billion yuan from the beginning of the year, with a growth rate of 46.9%. "Among the manufacturing industry champions recognized by the Ministry of Industry and Information Technology, as of the end of October, our bank has cooperated with nearly half of the enterprises, providing credit to more than 300 households, and the balance of corporate loans exceeded 20 billion yuan, an increase of 20% from the beginning of the year." The relevant department head of Everbright Bank stated that since the beginning of this year, Everbright Bank has continuously improved and enhanced its support for advanced manufacturing and strategic emerging industries, providing special credit lines and differentiated provision discounts FTP assessment preferential policies, the introduction of advanced manufacturing industry loans to expand the preferential range and a series of supporting policies. At the same time, multiple policies are prioritized to support the financing needs of the manufacturing industry, promote the acceleration of credit allocation, and reduce financing costs. Positive policies continue to launch manufacturing loans

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic daily

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