China News Service, June 6 The People’s Bank of China released a regional financial operation report on its official WeChat account on the 6th. , 0.3 percentage points higher than the national growth rate.

　　According to the report, in 2019, in the face of the complex situation in which domestic and international risk challenges have risen significantly, the Yangtze River Delta region has fully implemented the national strategy for the integrated development of the Yangtze River Delta, adhered to the overall tone of steady progress, implemented high-quality development requirements, and maintained economic growth resilience In-depth implementation of the strategy of innovation-driven development, the conversion of old and new kinetic energy to accelerate, and the continuous optimization of economic structure.

　　The overall financial operation is stable, the credit investment structure is continuously optimized, the financial integration process is accelerated, and the high-quality development of the advanced manufacturing industry in the G60 Science and Technology Innovation Corridor in the Yangtze River Delta is supported. Green finance supports the continuous improvement of the economy’s green transformation capabilities, and has initially formed complementary functions and advantages. The new pattern of regional financial development has achieved remarkable results in financial support for high-quality integrated development in the Yangtze River Delta.

Economic and financial performance of the Yangtze River Delta

　　——Economic growth is steady and progressing, and structural quality is continuously optimized

　　In 2019, the Yangtze River Delta region adheres to the overall tone of steady progress, implements high-quality development requirements, the economy generally maintains a stable trend, operates within a reasonable range, and the economic structure continues to be optimized and upgraded. In 2019, the GDP of the Yangtze River Delta region totaled 23.7 trillion yuan, accounting for about 23.9% of the country, a year-on-year increase of 6.4%, which is 0.3 percentage points higher than the national growth rate; industrial investment leads the growth of fixed asset investment, such as six key industries in Shanghai Industry investment increased by 24.2% year-on-year, and Jiangsu’s high-tech industry investment increased by 23.3% year-on-year; the service economy’s supporting role was further strengthened, and new consumption showed a leading trend. The value added of the tertiary industry in the Yangtze River Delta region increased by 7.4% year-on-year, accounting for production in the Yangtze River Delta region. The proportion of total value reached 55%, the total retail sales of social consumer goods was 8.9 trillion yuan, an increase of 7.6%, accounting for about 21.7% of the country; in-depth implementation of the innovation-driven development strategy, the acceleration of the conversion of old and new kinetic energy, the new digital economy and high-tech industries Accelerate the cultivation of kinetic energy. For example, Shanghai’s strategic emerging industry manufacturing industry’s output value accounted for 32.4% of the city’s total industrial output value. Jiangsu has vigorously developed 13 advanced manufacturing clusters, and 6 of them have been selected as national manufacturing cluster training targets, accounting for the whole country. In 1/4 of the industries above the designated size in Zhejiang, the value added of the core industries of the digital economy increased by 15% year-on-year.

　　——The financial operation is generally stable, supporting the real economy

　　In 2019, the branches of the People’s Bank of the Yangtze River Delta region will continue to implement a stable monetary policy, strengthen counter-cyclical adjustments at an appropriate time, increase the scale of monetary credit and social financing, and further increase financial support for the real economy, especially private, small and micro enterprises. At the end of December, the balance of local and foreign currency deposits in the Yangtze River Delta region was 47.6 trillion yuan, accounting for 24.0% of the national total, an increase of 9.9% year-on-year, and 1.3 percentage points higher than the national level; the balance of various loans was 38.2 trillion yuan, accounting for the national total It was 24.1%, a year-on-year increase of 13.5%, 1.6 percentage points higher than that of the whole country; the scale of social financing increased by 6.2 trillion yuan, an increase of 1.4 trillion yuan year-on-year. Inclusive small and micro loans, agriculture-related loans and green credit grew rapidly. As of the end of December, the balance increased by 42.4%, 11.8% and 29.6% year-on-year respectively.

Financial support for the development of the integration of the Yangtze River Delta is beginning to show results

　　In 2019, the Yangtze River Delta region is guided by the "Outline of the Yangtze River Delta Regional Integration Development Plan" issued by the Party Central Committee. The People's Bank of China and local government departments are connected to each other to build consensus, form synergy, and initially form regional finance with complementary functions and overlapping advantages. With the new development pattern, financial support for the integrated development of the Yangtze River Delta has achieved initial results.

　　——The process of financial integration continues to advance

　　One is to establish a financial cooperation mechanism and improve institutional arrangements and organizational framework. At the beginning of 2019, the Shanghai headquarters of the People's Bank of China took the lead in preparing for the establishment of a "high-quality integrated development cooperation mechanism for financial services in the Yangtze River Delta." The cooperation mechanism consists of four levels: the Joint Learning Society of the Party Committee Theory Learning Center, the Coordination Committee, the Secretariat, and the Special Working Group. Prepare work briefs as work carriers. On April 22, the first coordination committee meeting of the cooperation mechanism was held in Shanghai, and the various working mechanisms and annual work plans were reviewed and approved, and the first batch of 12 thematic cooperation work including strengthening statistical sharing and analysis of economic and financial data in the Yangtze River Delta was determined. The cooperation mechanism was officially launched.

　　The second is to build an economic and financial data sharing platform to enhance the role of information support. In 2019, the Yangtze River Delta's financial data and economic and financial operation situation release platform and the Yangtze River Delta's integration of major issues research work mechanism will be established to form a joint economic and financial analysis and research force in the Yangtze River Delta, which will provide positive information support for financial support for the high-quality development of the Yangtze River Delta. And policy staff. Realize the release of statistical data on the operation of the Yangtze River Delta's currency and credit on a monthly basis and write the "Analysis Report on the Financial Operation of the Yangtze River Delta" on a semi-annual basis.

　　The third is to strengthen financial supervision cooperation and jointly prevent financial risks. In 2019, branches of the People's Bank of the three provinces and one city have cooperated in depth in financial stability, protection of financial consumer rights, and cooperation mechanisms against suspicious transactions in money laundering, and a joint financial risk prevention mechanism has been initially established. Established an anti-money laundering supervision information sharing mechanism and a joint working mechanism, and conducted joint analysis and judgment on suspicious transactions on a total of 6 stakeholder-type money laundering clues including illegal fund-raising, online gambling, and falsely issuing VAT invoices to improve the quality of the transfer clues; the Yangtze River Delta The non-litigation settlement mechanism for regional financial consumer disputes officially landed. The branches of the People’s Bank of the three provinces and one city signed a cooperation memorandum, established a mediation expert talent sharing mechanism, an information exchange and early warning mechanism, and a typical case consultation system, etc., to explore online dispute resolution mechanisms, using "China "Financial Consumption Dispute Mediation Network", completed the "first order" of cross-regional mediation in the Yangtze River Delta region to help prevent and resolve regional financial risks; formulated the "Shared Plan for the Financial Stability Index and Major Risk Events of the Yangtze River Delta Quarterly", based on quarterly macroeconomic and There are a total of 23 indicator data from two major financial institutions, compiling the quarterly index of financial stability in the Yangtze River Delta, sharing major risk events in various regions, and strengthening information sharing on financial stability in the Yangtze River Delta region.

　　Fourth, the establishment of a cross-regional financial cooperation platform has continuously improved the efficiency of resource allocation. The branches of the People's Bank of three provinces and one city have formulated the "Refinancing and Rediscounting Implementation Plan for Supporting the Development of High-quality Integrated Development in the Yangtze River Delta", which covers the scope of refinancing and rediscounting support enterprises throughout the Yangtze River Delta region. As of the end of December 2019, a total of 1.44 billion yuan of cross-regional re-loan rediscount was issued to support the integrated development of the Yangtze River Delta, involving 1,347 enterprises from Shanghai, Jiangsu, Zhejiang and Anhui. Promote the China Bond Valuation Center to successfully release the China Bond Yangtze River Delta Series Bond Index in Shanghai. It is the first series bond index in the market that comprehensively characterizes the bond market in the Yangtze River Delta region. It will effectively introduce high-quality incremental funds for the integrated development of the Yangtze River Delta and lead the region. Upgrading of domestic industries and expanding the investor base in the Yangtze River Delta region.

　　——Finance supports the economic development of the Yangtze River Delta to improve quality and efficiency

　　First, finance supports the high-quality development of advanced manufacturing in the G60 Science and Technology Innovation Corridor in the Yangtze River Delta. The construction of the G60 Science and Innovation Corridor in the Yangtze River Delta is an important carrier to promote high-quality integrated development in the Yangtze River Delta and an important component of the implementation of the national strategy of regional integration development in the Yangtze River Delta. On November 8, 2019, the Comprehensive Financial Services Development Plan for the High-quality Development of Advanced Manufacturing in the G60 Science and Technology Corridor in the Yangtze River Delta, officially promoted by the People’s Bank of China Shanghai Headquarters initiative and jointly developed by the nine cities of the G60 Science and Technology Corridor and relevant financial institutions , Focusing on major scientific and technological innovation and R&D projects in the G60 Science and Technology Innovation Corridor in the Yangtze River Delta, focusing on supporting seven fields of artificial intelligence, integrated circuits, and other scientific and technological innovation and manufacturing companies, from alleviating financing difficulties, expensive financing, financing misfits and information asymmetry, etc. In terms of aspects, 15 specific measures were proposed in a targeted manner. 12 financial institutions including the head office of ICBC and the G60 Joint Office signed a cooperation agreement on the implementation of the plan.

　　The second is to steadily promote the construction of the credit reference system in the Yangtze River Delta to optimize the financing environment. Give full play to the role of the People's Bank of China as a credit reference center, strengthen the construction of the credit system of the Yangtze River Delta, build a "credit Yangtze River Delta", and promote the continuous optimization of credit supply. The nation's first "small and micro enterprise digital credit investigation zone" landed in Suzhou. The "Suzhou model" of "government + market" two-wheel drive and credit promotion to promote small and micro financing continued to deepen and replicate, effectively improving the financing environment for small and micro enterprises. . At the end of 2019, the Jiangsu Enterprise Integrated Information Management System has established credit files for 2.507 million enterprises, and the balance of loans for storage is 7.9 trillion yuan. The coverage of the Zhejiang Financial Credit Information Basic Database continues to expand. As of the end of 2019, it has collected credit information of 39.476 million natural persons and 1.637 million enterprises in Zhejiang Province. The average monthly query volume is 8.08 million times, which effectively alleviates information asymmetry and promotes information subjects especially small. Micro-enterprise financing development.

　　The third is to enhance the ability of green finance to support high-quality development and green transformation. The Yangtze River Delta implements the requirements of the Party Central Committee and the State Council on adhering to green development and promoting the construction of ecological civilization, and further enhances the ability of green finance to support the high-quality development and green transformation of the Yangtze River Delta. As of the end of December 2019, the balance of local and foreign currency green loans in the Yangtze River Delta region was 2.0 trillion yuan, an increase of 29.6% year-on-year, 18.3 percentage points higher than the growth rate of non-financial enterprise loans during the same period; the cumulative increase for the year was 345.95 billion yuan, accounting for the same period of non-financial enterprises 14.5% of loan increase.

Prospects for key work in 2020

　　In 2020, Shanghai, Jiangsu, Zhejiang and Anhui will implement the three-year action plan for the integrated development of the Yangtze River Delta, focus on key areas, key regions, major projects and major platforms, deepen the division of labor and cooperation, and form a joint effort to continuously promote the integrated development of the Yangtze River Delta.

　　The branches of the People's Bank of three provinces and one city will seriously implement the "Outline of the Yangtze River Delta Regional Integration Development Plan" issued by the Party Central Committee and the "About Further Accelerating the Construction of Shanghai International Financial Center and Financial Support of the Yangtze River Delta" "Opinions on Development", continue to play an active role in the cooperation mechanism of the Yangtze River Delta, deepen the division of labor between Shanghai, Jiangsu, Zhejiang and Anhui. On the basis of deepening the original special work, it is planned to integrate payment and settlement, financial support for science and technology enterprises, and build a long-term Triangular credit information system, construction of the Yangtze River Delta green financial service platform and other aspects of the launch of a new batch of special work, accelerate the implementation of the "financial support for the Yangtze River Delta G60 science and technology corridor advanced manufacturing high-quality development comprehensive service plan" implementation, and continue to deepen and expand Relevant specific measures will further give play to the role of finance in supporting the construction of the G60 Science and Innovation Corridor in the Yangtze River Delta, and effectively promote financial support for the development of the integration of the Yangtze River Delta.