Saturday, November 22, 2008

Zhejiang Province to encourage financial institutions to make full use of live with the scale of credit

To ensure that small business loan growth this year, the growth rate of agricultural loans of not less than the full year lending rate to the average level, and strive to add 430,000,000,000 yuan of loans throughout the year or so

According to the provincial government to coordinate the views of the relevant functional departments of the province over the past few days pay close attention to the formulation of a series of policies issued, views, measures to encourage financial institutions in the province with full-scale credit, a further reduction in credit costs and speed up political and silver, the pace of bank and docking.

These include: an increase of credit. Encourage the development of policies to encourage financial institutions in the province with adequate, well, live with the existing scale of credit to ensure that small business loan growth this year, the growth rate of agricultural loans of not less than the full loan growth throughout the year, the average level of all-strive 430,000,000,000 yuan in new loans around. The national bank branches to head office for the credit policy tilt; Provincial Rural Credit Cooperatives Association to do a good job of the province's rural cooperative financial institutions, credit transfers planning work; local legal organizations to increase deposit-taking financial institutions, and strive to achieve by Planning and running; as a result of the support of the "three rural" small business planning and the existence of the gap will be met, to encourage SMEs to increase and the "three rural" credit.

Reducing the cost of credit. Thoroughly clean up all kinds of loan fees, either directly or immediately correct this adds to the burden of illegal business conduct charges. Reasonable implementation of the policy interest rate fluctuations, overall the financial ability to bear the cost of capital and banks, to float downward as far as possible, the fall will not go up as much as possible of the non-floating, and make sure that allow business-friendly.

Speeding up financial institutions and government departments, enterprises and docking of credit. Bank project to build docking platform, the government guidance and encouragement, the arrangements for the rapid financial institutions around the exhaust and the focus of investment projects to be undertaken convergence efforts in support of the "three billion" project, electricity, natural gas and other energy major construction and transport infrastructure Construction, equipment manufacturing, high-tech industries, such as the development of the port industry, focusing on expanding domestic demand to support the further implementation of the credit funds. At the same time, encourage domestic and foreign investment in Zhejiang Province to carry out high-quality equity investment, fund and build businesses docking platform, a priority for growth, science and technology enterprises and is expected to launch IPO companies listed on the equity investment, and further optimize the structure of liabilities.

Increase the types of bonds, and expanding financing channels. Small and medium enterprises across the province to seize the securitization of credit assets, short-term financing for SMEs to start issuing tickets for the opportunity to finance small and medium enterprises active in product innovation and business; short-term financing to continue to expand the voucher issue, and actively recommend qualified enterprises to issue short-term financing bill ; Start of the medium-term notes issued after a positive recommendation to the higher line enterprises in the province to issue medium-term notes in order to free up credit funds to support small and medium enterprises; property rights through the establishment of a trading platform to support the bonds to carry out pilot projects; to set up venture capital funds, venture capital funds to Meet the needs of different types of enterprises to diversify funding needs.

In addition, the province will also give full play to the relevant existing SME loans, agricultural loans to the two major risk compensation mechanism to encourage and guide financial institutions to increase support for small and medium enterprises, the "three rural" efforts. At the same time, actively explore the establishment of county-level security mechanisms and improve the multi-level and a wide range of security system for financing small and medium enterprises open the door.

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