China News Service, Nanning, April 30 (Reporter Huang Yanmei) Yang Hongbo, deputy secretary and deputy director of the Party Group of the Poverty Alleviation Office of the Guangxi Zhuang Autonomous Region, introduced on the 30th that Guangxi has fully released the micro-credit policy dividend for poverty alleviation and activated the endogenous impetus for the development of poor households. As of the end of 2019, Guangxi had issued a total of 25.412 billion yuan of micro-credit for poverty alleviation to 563,000 impoverished households (RMB, the same below), with a 52% loan rate for poor households. For the whole year of 2019, Guangxi's loans due were 16.839 billion yuan, and the total number of loans due was ranked second in the country.

  The Guangxi government held a press conference on the situation of Guangxi Finance's efforts to help poverty alleviation. Yang Hongbo introduced at the meeting that since the “13th Five-Year Plan” eradication of poverty, Guangxi has incorporated financial poverty alleviation work into the overall plan for poverty alleviation. Simultaneously, financial departments at all levels have taken the initiative to work together and strive to innovate financial poverty alleviation policies, products and services. Preferential financial products are invested in impoverished areas and poor people, injecting a strong impetus, and effectively promoting financial poverty alleviation and poverty alleviation.

  As of the end of the first quarter of this year, Guangxi had accumulatively allocated 44.3 billion yuan in loans to support agriculture, poverty alleviation and small-scale support, and 324.457 billion yuan in financial precision poverty alleviation loans. At the end of March, the balance of financial targeted poverty alleviation loans was 183.939 billion yuan, a year-on-year increase of 13.91%. Guangxi has established about 8.81 million farmers ’credit files including poor farmers, with 5.91 million credited farmers, 7911 credit villages, and 660 credit townships (towns), with a total of 59.47%, 55.98%, and 58.77%. The "precise docking" between financial institutions and poverty alleviation targets has been achieved.

  Yang Hongbo said that Guangxi ’s poverty alleviation microfinance business was booming, with 32.33 million poor household loans of 13.733 billion yuan for development and production; 241,100 poor household loans of 11.679 billion yuan formed a close interest linkage mechanism with enterprises, and received a cumulative dividend of 2.584 billion yuan yuan. Guangxi has worked hard on policy formulation and made practical moves in recycling and disposal. The cumulative disposal of loans was 18.8 billion yuan, with a disposal rate of 99.89%; the cumulative cash recovery was 16.42 billion yuan; the loan overdue rate was 0.32%. The Poverty Alleviation Office of the State Council highly affirmed the recovery and disposal of Guangxi's poverty alleviation micro-credits and promoted Guangxi's experience and practices nationwide.

  "This year, Guangxi strives to achieve new poverty alleviation microcredit of no less than 6 billion yuan, and strives to complete 10 billion yuan." Yang Hongbo said.

  Industrial poverty alleviation is the fundamental strategy to achieve poverty alleviation. Su Yang, deputy governor of the People's Bank of China Nanning Center Sub-branch, said that in recent years, the People's Bank of China Nanning Center Sub-branch has supported industrial poverty alleviation as an entry point and an important starting point for financial assistance to overcome poverty, and make good use of the People's Bank of China's poverty alleviation re-loan policy tools To guide financial institutions to innovate and launch a variety of “financial plus” industry poverty alleviation models to ensure that financial “living water” drip irrigation and poverty alleviation industries. At the end of March this year, the balance of Guangxi's industrial poverty alleviation loans reached 55.8 billion yuan, an increase of 73.81% year-on-year.

  Guangxi is one of the main battlefields for China to overcome poverty. The poverty-stricken population of Guangxi's archives of Lika dropped from 4.52 million at the end of 2015 to 240,000 at the end of 2019. The incidence of poverty decreased from 10.5% to 0.6%. The annual net income per capita of poverty-stricken households in the archives increased from 2664 yuan 5879 yuan, production and living conditions improved significantly.

  Guangxi combined with the reality, boldly innovated, and achieved remarkable results in financial poverty alleviation work. It established a financial poverty alleviation big data management platform, and formed a nationwide famous financial poverty alleviation "Tiandong model". (Finish)