The Balance of Deposits of Yichang Exceeded 320 billion yuan
2016-09-21 17:54:15
(Reporter Gong Changjun) On August 8th, Yichang government held the city's financial situation analysis and finance-support-entity-economy symposium of the first half of 2016. Song Wenbao, the municipal standing committee member and executive deputy mayor, attended the meeting and delivered a speech. Huang Liming, deputy mayor of Yichang, presided over the meeting.
Song pointed out that we should fully understand the current economic and financial situation, and enhance confidence in financial support for the development of entity economies. We should fully analyze the typical problems in the financial support for entity economies, and enhance awareness of the development of financial support for entity economies. And we should guide government, bank and enterprise to cooperate, and enhance the development capacity of financial support for entity economies.
Firstly, Song required that the relationship between government, banks and enterprises be coordinated. Governments and departments at all levels should create conditions, provide support and solve problems for financial development. The financial departments should initiatively enhance their senses of responsibility and duty of financial support for entity economies. The enterprises should gain financial service by good faith and establish a win-win relationship with mutual trust and benefit. Secondly, the government should solve the financing difficulties. The government should build communication platform for the government, bank and enterprises to solve the problem of asymmetric information. The government should establish the coordination mechanism for effectively coordinating and solving the problem of mutual trust between banks and enterprises to prevent financial risks. And the department concerned should improve the assessment mechanism, intensify the assessment in financial support training, innovating financial services, "three nos", etc., and guide financial institutions to implement accurate delivery, reduce financing costs to solve financing problems. Thirdly, the government should strengthen the financial ecology. Credit system construction should be improved and financial service and enterprise operation should be brought into the scope of the construction of credit system. Meanwhile, the efforts to deal with financial cases should be strengthened and financial institutions should be actively guided to take the responsibilities of supporting the development of entity economies and helping with the reconstruction of disaster-stricken areas. Fourthly, the government should create a favorable atmosphere for economic and financial development. Departments concerned should spare no efforts to implement and supervise the execution of financial policies and create a favorable environment for the coordinated development of economy and finance.
It was known that by June 2016, the balances of RMB and foreign currency deposits of the city's financial institutions had reached 320.345 billion yuan, an increase of 38.096 billion yuan compared with the beginning of the year, an increase of 13.5%. The balance of loans had reached 246.148 billion yuan, an increase of 32.829 billion yuan compared with the beginning of the year, an increase of 15.39 %. The balance and increment of deposits and loans rank the first among the cities of the same level in Hubei province. The non-performing loans in city banks were 4.933 billion yuan, a decrease of 1.187 billion yuan compared with the beginning of the year. The non-performing loan ratio was 2.00%, a decrease of 0.87% compared with the beginning of the year. The city's insurance premium income had reached 5.095 billion yuan, a year-on-year increase of 39.48%; the indemnity had reached 1.59 billion yuan, a year-on-year increase of 33%. Six “new three board” listed companies and nineteen "four board" listed companies had been newly added.
(Notes: The Chinese stock market can be divided into one board, two board, three board and four board. Three board means the third stage of trading market, and we call it Agency Share Transfer System. New three board is a concept to distinguish from three board. It’s a system which allows qualified small or medium-sized enterprises to conduct listing trade and we call it National Equities Exchange And Quotations (NEEQ). The four board is the local stock trading center, for example, Shenzhen Qianhai Equity Exchange.)