The analysis on Yichang’s financial situation in the first 3 quarters of 2014 was held to summarize works on Yichang’s financial performance, and to analysis the current economic situation, as well as making financial plans for the next phase. Song Wenbao, Member of the Municipal Committee and the Deputy Mayor of Yichang, attended and made a speech at the meeting.
　　In the first three quarters of this year, Yichang\'s financial sector, although under enormous pressure to overcome the challenge of economic downturn, has made full use of various ways to provide financing services to economic entities, thus making the finance sector running with steady and slow growth, Persified ways for financing and overall control of financial risks. By the end of September, savings deposits in various forms of Yichang amounts to￥251.95 billion, increasing 5.8% (which equals to￥13.76 billion) over the nine months. The loans balance in various forms reaches to￥190.74 billion, with an increase of 9.1% (which equals to￥15.83 billion) compared with that of same period of the previous year. Although the growth of saving deposit and loan, compared with the corresponding period of last year, is slowing down, Yichang ranks first in Hubei province. Yichang\'s social financing amounts to￥43.6 billion in the first three quarters, accounting for 9.4% of Hubei province; except for 15.8 billion bank loans, it also includes￥33.5 billion yuan entrusted loans, ￥6.1 billion enterprise bond financing, ￥1.06 billion insurance payments, and￥860 million loans of small loans companies. In addition, financial institutions also introduce provincial capital branches to provide 13 local companies with￥910 million additional loans for the economic and social development.
　　Song pointed out that we should fully understand the prospects of Yichang’s development and further strengthen confidence in the city’s development through the analysis of the current economic and financial situation. The overall development of Yichang should be regarded as the focus of all localities, departments and financial institutions. More proactive efforts should be made to effectively enhance the sense of responsibility financial works, to improve sound communication and coordination systems, financial supervision mechanism and joint enforcement mechanism between banks, government and enterprises, and to analyze and solve problems. At the same time, the social credit system should be improved with joint efforts to create a favorable financial environment, and to ensure the stability and development in Yichang’s economy and society.(By Wang Suzhi and Lu Qingang)