On the afternoon of May 15, 15 banks jointly signed the “Convention on Enterprises’ Long Loan Management”. From then on, the leading bank management system is implemented and top 20 enterprises with the biggest loans are firstly included in the management. Under the organization of each leading bank,15 banks, including The Yichang Branch of Agricultural Development Bank, Three Gorges Agriculture and Commerce Bank will financially support these 20 enterprises together.

　　The total loan of the top 20 enterprises is 51.7 billion yuan, accounting for 42.5% of the whole enterprise loans in Yichang. Their total off-balance sheet finance is 30.2 billion yuan, accounting for 50.8% of the whole city.

　　In order to coordinate financial support, standardize and strengthen credit support, and to create a stable monetary and credit environment to big enterprises and thus to promote their transformation and upgrading, the Municipal People\'s Bank selected the leading banks according to the principle of “the largest loan share priority, the most stable cooperative relations priority and the most advanced credit & loan management level priority”. Each leading bank will strengthen their cooperation and financial support for enterprises from four aspects, namely, monetary & credit policy as well as economic & financial situation publicity, enterprises production & operation investigation, financial services suggestions listening and financial supporting scheme formulation.

　　Wang Anming, President of the Municipal People\'s Bank introduces that, Yichang is the first city to implement the leading bank management system. It arises from the urgent need of recent credit & loan management experience as well as enterprises money & credit stabilization. It is of great significance for strengthening enterprises financial support, implementing money & credit policy, supporting local economic development, and for maintaining regional financial stability. The leading bank management system is beneficial to integrating financial resources, improving relationships between banks and enterprises, meeting legitimate credit needs of enterprises, especially large enterprises, and to cooperative relations between banks. It supplies one more means against long loan risk. After the implementation, the whole banking system will further unify their thinking, strengthen their confidence of supporting enterprises development, communicate, exchange and cooperate with a number of large companies in organized ways, effectively improve and strengthen the financial services, and suppor the steady operations of the enterprises.  (Reporter Xiao Min)