A financial-situation analysis meeting was just held in Yichang city. Song Wenbao, the member of the Yichang CPC Standing Committee, and Vice Mayor of the Municipal Government, attended the meeting and delivered a speech. Vice Mayor Zhang Junhui hosted the meeting.
Till the end of March, the deposit in foreign currency is 278.65 billion yuan, which increased 20.6 billion yuan compared with the previous year; the loan balance is 207.41 billion yuan, which increased 10.65 billion yuan compared to the beginning of this year; the bank balance, loan balance as well as increased loans rank the first in Hubei Province. The municipal social financing scale, which increased 12.215 billion yuan from January to February, has grown rapidly, with investment of various forms entering the field of social financing.
Song emphasized that we should take correct attitudes in examining Yichang’s financial development and fully understanding the financial risks we are faced with. We should be resolute in actively adjusting to the new economic situation. We need to be more creative in offering financial products and financial services so as to serve the enterprises and the development of the whole city. All departments at different levels should be able to find out financial risks immediately by establishing the financial risk checking system; we should reduce financial risks in time by perfecting financial risk file management system and the system of joint meetings. We also should establish non-official loan information registration system and promote social credit system in order to improve the financial development environment. (Reporters: Yang Chunyan; Lv Qinggang)