On April 30th, the financial situation analysis meeting of the first quarter was held by the Yichang Government. Song Wenbao, Deputy Mayor and Member of Yichang Municipal Party Committee, attended the meeting and delivered a speech.

　　In the first quarter, the City’s finance had a good start. The major contents of finance steadily ranked 2nd in the Hubei Province. The overall economy remained higher than the state and provincial average. The amount of deposit and loan increased steadily and led the Province. By the end of the March, the deposit amount of RMB and foreign currency reached 260.07 billion RMB, and the loan amount of that reached 186.48 billion RMB. The amount of the deposit and loan and the deposit-loan ratio still ranked 1st in Hubei Province. The City’s financing amount grew rapidly, newly adding up to 35.5 billion RMB and the paper profit was adding up to 920 million RMB by financial institutions. The credit structure was further optimized. However, the financial industry is faced with a series of problems such as the rise of bank NLP (Non-Performance Ratio), the imbalance of the development of the major businesses, and the operating risk of the shadow banking.

　　Song stressed that the financial departments should unswervingly perform the policies. This year, the relevant documents on supporting the development of the financial industry issued by the Municipal Government, the Bank of China and CBRC (China Banking Regulatory Commission), and all relating departments in the country have to carry out the policies as required. Secondly, all banks and financial institutions have to firmly practice reform and innovation, establish the partnership with companies and guarantee institutions by enhancing the cooperation, pursuing common development, raise the awareness of initiative services and carefully investigate before and after loan. Meantime, they also need to further solve the financial service problems regarding the “three rural issues (agriculture, rural areas and farmers)” and small-medium sized enterprises (SMEs), actively taking advantage of the guaranteed loans according to the expected revenue of lands, mortgage loan of the forestry rights, and the guaranteed loan of subsidy income according to rural policy to support the development of rural economy, and all banks should create service ideas respectively in respect of supporting the SMEs. Thirdly, all relevant departments should firmly improve the environment, establish the network of the credit information system among different areas and industrial departments, build the financial joint meeting system and strictly fight against the illegal actions of disturbing the financial market like illegal fund-raising. At the same time, they should support financial institutions to solve debt disputes by lawsuit, creating a sound environment for the development of the financial industries. (Reporter: Pei Shujing, Correspondent: Lv Qingang)