The reporter learned that the Yichang district branch of Hubei Pilot Free Trade Zone of Wuhan Rural Commercial Bank, which obtained the permission from China Bankig Regulatory Commission the day before, became the first newly established banking financial institution in China (Hubei) Pilot Free Trade Zone, .
Wuhan Rural Commercial Bank is the first rural commercial bank in sub-provincial and capital city approved by the State Council and China Banking Regulatory Commission, with asset size exceeded 200 billion yuan, which is rated as Model Bank of National Rural Commercial Bank by China Banking Regulatory Commission. In order to better support the financial development of Hubei Pilot Free Trade Zone, a financial service center for the free trade zone has been set up by Wuhan Rural Commercial Bank, in accordance with the development strategy of “servicing for the reform of Hubei Pilot Free Trade Zone, seeking for local customers in Hubei, and providing comprehensive financial services”. Besides, Yichang branch center will be set up again by relying on Yichang district branch of Hubei Pilot Free Trade Zone.
The branch center will focus on the financial demands of start-up, science and technology and growth enterprises in Yichang district branch of Hubei Pilot Free Trade Zone. Targeted key financial products are offered in science and technology finance, green finance and trade finance to provide special financial services for enterprises, especially to provide professional services in comprehensive international settlements and trade financing. At the same time, the branch of Hubei Pilot Free Trade Zone will earnestly implement the regulatory requirements and fulfill its social responsibility. Besides, it will put into practice on inclusive finance to provide professional, convenient and high-quality financial services for ordinary residents, enterprises and public institutions in the free trade area.
It’s known that since the establishment of Yichang branch of Wuhan Rural Commercial Bank in 2015, it has so far provided more than 10 billion yuan for the local economic development of Yichang. (Journalist Lei ChunTao, Correspondent Yang Lin, Zhou Tingting)