"Amazing! Mobile loan is so convenient!" At 5:00 p.m., July 9, Yang Keyu, a post-90s entrepreneur who is organizing a health management company, applied for an entrepreneurship loan through App called ‘Citizen e Home’. Within two minutes, he completed the loan confirmation of 200,000 yuan.

　　On the following day, the guarantee company and the bank approved his application respectively. At 2:30 p.m. on July 12, Yang Keyu received a message from the bank. "I’ve got the loan, Fantastic!" Yang Keyu sighed: "In the past, it was difficult to apply for loans. Approximately, a month is likely to spend from materials collection, examination to the approval of the loan."

　　Yang Keyu’s surprise came from the establishment of Yichang Online Financial Services Hall.

　　Yichang has 345,100 market entities, of which 63,500 are private enterprises, 273,900 are farmers and individual entity. The need for inclusive financing is urgent. The reality is unsatisfactory because small and micro enterprises are difficult to finance, expensive to raise, and the procedures are slow and cumbersome; in order to avoid risks, banks “do not dare to lend, do not want to lend, and cannot lend”.

　　Urgent to improve the quality and effectiveness of financial services for private and small and micro enterprises.

　　In recent years, the Municipal Committee and the Municipal Government attach great importance to the financing difficulties and high cost of private and small and micro enterprises. They make full use of the policies of FTA to encourage financial reform and innovation, develop and construct the online financial service hall, and take the lead in implementing it in Yichang Free Trade Zone.

　　On February 21, 2019, Yichang Online Financial Services Hall successfully implemented the first stage of online trial operation of the platform on the provincial financial support for Yichang's "early spring trip" activities, and became the first in the province. Yang Ming, director of the Comprehensive Section of the Municipal Local Financial Work Bureau, introduced that by carefully investigating the big data of government affairs such as provident fund, social security, taxation and so on, we can analyze the exact "portrait" of the credit status of the applicants, their financial status and repayment ability.

　　The bank can check the credit files of the applicants online and confirm their credit quota to follow up and observe the enterprises, deal with the credit crisis in time and avoid risks. Once the enterprise commits a breach of contract, the credit will be degraded, as long as there is a breach of trust, the enterprise will be untrustworthy and limited everywhere.

　　Small and medium-sized enterprises apply for loan online without mortgage and complicated process. Approval has also been reduced from seven working days to one working day. In the past, enterprises looked for loans everywhere, financial institutions looked for customers everywhere. The online financial service hall not only solve the problem of information asymmetry, but also establish the mutual trust between banks and enterprises, effectively supporting the development of private small and micro enterprises, said Yang Ming.

　　On July 18, in the development and operation center of Yichang Online Financial Service Hall of the Three Gorges Cloud Computing Building, the reporter saw more than 10 staff members being busy with development and maintenance. The LCD screen on the wall shows the latest data: In the past five months, 19 financial institutions have been stationed on the platform, and six online credit products of Hankou Bank, Guangzhou Development Bank, Agricultural Bank, China Merchants Bank and Yichang Small and Medium-sized Guarantee Company have been launched successively. The number of valid applicants exceeds 10,000, the total amount of credit is close to 300 million yuan, and the total amount of loans has exceeded 100 million yuan. Nearly 4,000 people effectively have applied for entrepreneurship loans through mobile phones, and finally 572 applicants have been granted credit, with a credit amount of 109.7 million yuan and 353 applicants receiving a loan of 67.25 million yuan.

　　With the entry of more banking financial institutions and trustworthy enterprises, it is estimated that 1 billion yuan of special loans will be provided to 2000 SMEs in the city within three years.