Xinhua News Agency client Shanghai, June 18th (Reporter Yao Yujie, Sang Tong) Shanghai is a pioneer in reform and opening up, and a pioneer in innovation and development. From the blue road to the international benchmark, Shanghai has embarked on a road of emancipating the mind, seeking truth from facts, deepening reform and opening up in an all-round way. How can a large state-owned commercial bank deeply participate in the construction of Shanghai International Financial Center? How to promote Shanghai into a world-class financial center with global competitiveness and influence? How to implement the "three tasks" of serving the real economy, preventing and controlling financial risks, and deepening financial reform? During the 12th Lujiazui Forum, a reporter from Xinhua News Agency exclusively interviewed Liu Guiping, President of China Construction Bank.
Q: Since last year, CCB has actively supported the implementation of Shanghai’s “three major tasks and a major platform”, and has been deeply involved in the construction of Shanghai International Financial Center. Could you please tell us in which ways it has contributed to the construction of Shanghai International Financial Center?
Liu Guiping: It is now an important juncture for the acceleration of the construction of the Shanghai International Financial Center, and it is also an opportunity window to minimize the possible adverse effects of the epidemic on my country's opening up. For a long time, CCB has actively participated in the urban development of Shanghai and the construction of an international financial center, shared mission, sincere cooperation, mutual support and common development. In 2019, CCB and the Shanghai Municipal People's Government signed the "Comprehensive Strategic Cooperation Agreement on the Implementation and Promotion of "Three New Major Tasks"" to increase financial support and accurately integrate the integrated development strategy of the Yangtze River Delta and participate in the construction of the Shanghai International Financial Center Person, server, promoter.
One is to aggregate the group's resources to form an all-round and fully licensed financial service structure. With the successive settlement of CCB Financial Technology Corporation, Shanghai CCB Yangtze River Delta Strategic Emerging Science and Technology Fund, CCB Shanghai Center for International Financial Innovation, etc., CCB’s first-level departments, branches and subsidiaries in Shanghai reached 26, forming a comprehensive Bank's financial market transactions, credit cards, big data, fintech, international document processing and other business development strategic layouts, creating a fully licensed financial system covering banks, insurance, futures, leasing, funds, trusts, investment banks, and comprehensive services to Shanghai International Financial center construction.
The second is to focus on scientific and technological innovation, and the construction of the “Belt and Road” linkage service at home and abroad. In 2019, CCB was the first to be approved to set up a new branch in Lingang, serving high-level opening, convenient fund collection and payment, an open industrial system and the construction of a modern new city; providing related financing of 7 billion yuan for Baowu, China Shipping and other enterprises, and vigorously Support enterprises to "go global"; give full play to the advantages of connecting the two markets, introduce overseas low-cost funds for enterprises, and cross-border financing for the whole year exceeds 8 billion yuan; the annual cross-border RMB settlement volume under capital account is about 450 billion yuan. There are 16 overseas syndicates with a contract value of more than 10 billion yuan. The amount of cross-border financing from January to May this year has exceeded the total amount of last year, reaching more than 9 billion yuan.
The third is to build financial infrastructure to promote the growth of the factor market. In 2019, it signed a three-party cooperation memorandum with the Shanghai Clearing House and the Luxembourg Exchange to promote cross-border cooperation in financial infrastructure between China and Europe, becoming the first business custodian bank of the Shanghai-London Link and the settlement bank of the Shanghai-Hong Kong Stock Connect. Together with the cross-border clearing company and the Paris European Financial Market Association, the "New Frontier of Cross-border RMB-Opening of China's Financial Markets" forum was held to help the international strategic layout of the CIPS system and continuously improve the brand image of my country's cross-border RMB payment system.
Fourth, gather traditional business advantages and emerging business characteristics to support the high-quality development of Shanghai's economy and society. Promote high-level implementation of the Yangtze River Delta regional integration strategy. In 2019, CCB established the Financial Support Committee for Regional Integration Development in the Yangtze River Delta and set up an office in Shanghai to strongly support regional integration development. Focusing on the joint development of the Yangtze River Delta Eco-Green Integrated Development Demonstration Zone, the Free Trade New Port Area, the Hongqiao Business District, and the G60 Science and Technology Corridor "Three Zones and One Belt", we will continue to strengthen our support and establish a key project library in the Yangtze River Delta to provide comprehensive Process services. As of the end of March this year, the construction and development projects in the Yangtze River Delta region had a credit of 97.3 billion yuan and a loan balance of 73.4 billion yuan, accounting for 4.1% of all corporate loans. CCB used new financial power to help alleviate the social pain points and difficulties, accumulatively committed 15 billion yuan in financing for 27 leased land projects in Shanghai; cooperated with Shentong Group, Lujiazui Group, Western Group, etc. to promote the "storage housing" business and revitalize social idle housing in batches Source, helping Shanghai Stock Exchange, Import Expo Bureau, COMAC, Eastern Airlines, Roche Pharmaceuticals, etc. to solve the problem of staff renting difficulties.
CCB will continue to empower the construction of the Shanghai International Financial Center in an all-round way, fully support Shanghai’s “three major tasks and a large platform” strategy, further deepen financial opening and innovation, continue to stimulate the vitality of financial technology development, create an open and shared banking platform, and enhance financial Technology empowers the real economy and contributes to high-quality economic development.
Question: How does CCB implement the "six stability" and "six guarantees", deeply cultivate inclusive finance, and promote the high-quality development of the real economy?
Liu Guiping: To overcome the sudden new coronary pneumonia epidemic situation, do a good job of "six stability" work, fully implement the "six guarantees" task, CCB has successively launched inclusive financial "four special eight measures" "recommended work to help enterprises 18" , With digital, online, and intelligent services, accurately connect the financial needs of small and micro enterprises.
One is to guarantee the supply of credit resources, launch the “Yunyidai” online anti-epidemic financial service, increase the scale of credit loans and first loans for small and micro enterprises, and increase the proportion of medium- and long-term loans. As of the end of May, more than 800 billion yuan of loans for inclusive small and micro enterprises have been invested, an increase of more than 300 billion yuan year-on-year.
The second is to reduce the cost of comprehensive financing, lower the interest rate of newly issued loans for inclusive small and micro enterprises by 0.5 percentage points, further reduce the interest rate of loans for epidemic prevention and control related industries by 0.4 percentage points, and actively pay for small and micro enterprises for mortgage loans Some third-party agencies charge.
The third is to provide deferred repayment and non-repayment loan renewal services, extend the repayment period for 67,000 small and micro enterprises, 36 billion yuan of loans, provide renewal services for inclusive loans for inclusive small and micro enterprise customers. No loan renewal automatically.
The fourth is to fully support "stabilize foreign trade and stabilize foreign investment", support enterprises to expand the domestic market, expand domestic sales, rely on intelligent matching platforms to provide full-process production, supply and marketing services, and promote the integrated development of domestic trade and foreign trade. Continue to innovate the "cross-border fast loan" series of products to provide small and micro foreign trade enterprises with full-process, full-line, pure credit trade financing services.
This year is a critical period for the acceleration of the construction of the Shanghai International Financial Center. Although the impact of the epidemic has been superimposed, the Construction Bank will ensure that the policy is not out of touch, the support is not lax, and the intensity is not weakened.
From January to May of this year, CCB issued a total of 10.6 billion loans to epidemic prevention-related enterprises, including the list of key enterprises of the People's Bank of China in Shanghai, of which the average interest rate of special re-loans was 2.36%. It implemented 2514 loans to 1926 SMEs Deferred principal and interest repayment, deferred principal of 1.336 billion yuan; handled 87 non-renewable loans to 87 households with 87 renewed loans of 120 million yuan; joined hands with Shanghai Commercial Committee, Culture and Tourism Bureau, Federation of Industry and Commerce, Science and Technology and other institutions, Introduced comprehensive financial service measures to help resume work and production, arranged 80 billion yuan of special credit funds, and provided a total of 9.401 billion yuan of loan support for 174 enterprises from January to May; maintaining the stability of the industrial chain supply chain, from January to May has more than 10 Shanghai The industry, more than 100 core companies build platforms, more than 2,200 companies on the service chain, with a total financing of more than 16 billion yuan; to meet the financing needs of small and medium-sized foreign trade companies, cooperate with China's export credit insurance company, through policy financing services, for enterprise solutions Cross-border financing is urgently needed; in-depth investigation of small and micro enterprises, especially foreign trade small and micro enterprises in Shanghai, needs to resume work and operational difficulties, through CCB University live broadcast courses, interpretation of inclusive financial and foreign trade business special service measures, to answer questions for business owners.
CCB will accelerate the deployment of digital operations, make full use of digital power, sink operations, establish a long-term inclusive financial service mechanism for the general public, effectively improve the quality and efficiency of financial services in the real economy, and ensure that the growth rate of inclusive financial loans will reach 40 this year. %the above.
Q: Strengthening the synergy between the construction of international financial centers and the construction of global science and technology centers, promoting the in-depth integration of finance and technology, and enhancing the sustainable global competitiveness of Shanghai International Financial Center are important issues currently facing Shanghai. How can CCB advance its fintech strategy and help enhance the global competitiveness and influence of Shanghai International Financial Center?
Liu Guiping: In the context of a new round of scientific and technological revolution and industrial transformation, financial technology has become a hot spot for global financial innovation and a source of power for economic growth. Financial technology empowers high-quality economic development and profoundly changes the development pattern of the financial ecology. Vigorously developing financial technology and building a financial technology center is an important direction for the construction of an international financial center in the new era and a key factor in enhancing the global competitiveness of Shanghai International Financial Center.
In recent years, CCB has adapted to the requirements of the development of the digital economy, fully implemented the financial technology strategy, actively explored the digital business model, intensified the innovation of product services, and strongly supported the construction of the Shanghai International Financial Center.
First, digital technology helps the real economy. CCB participates in the construction and iterative upgrade of the “Bank-Tax Interactive Service Platform” of the Shanghai banking industry. Through the “Cloud Tax Loan” product, the time for customers to obtain loans has been reduced from a few days to 3 minutes, benefiting all small and micro-enterprise taxpayers in Shanghai. Bank-tax cooperation loans exceeded 30 billion yuan.
Second, financial technology empowers the business environment to improve. CCB implements a smart government affairs strategy, turning the smart government affairs platform into a social governance platform, providing Shanghai with superior governance, benefiting the people, and promoting business, and helping to improve the business environment. At present, 360 business outlets in Shanghai have been turned into "smart government affairs halls" to realize the bank affairs of government affairs. Enterprises and citizens can self-check residence permit points, medical and medical institutions, marriage registration files and print through any CCB branch in Shanghai. , 39 high-frequency convenience services such as financial social security card application, provident fund inquiry, maintenance fund payment, etc.
The third is to increase investment in financial technology resources. With the good business environment and financial technology development prospects of Shanghai, CCB has established CCB Financial Technology Company in Shanghai, becoming the first financial technology company established by a large state-owned commercial bank. At the second Expo, CCB Shanghai Hongqiao Convention and Exhibition Sub-branch appeared as the first "5G+Smart Bank" of CCB in Shanghai, showing cutting-edge financial technology innovations to global customers and providing more efficient and more Professional and more modern financial services.
Through financial technology, CCB has also helped Shanghai win both epidemic prevention and economic development. First, multiple measures to support the resumption of production in Shanghai enterprises. Cooperating with epidemic prevention and control, CCB launched an "online toolbox" that integrates seven types of online service functions, such as "building portals, finding customers, managing operations, remuneration, cloud services, fast financing, and managing parks", to provide enterprises in Shanghai Online appointment opening, corporate mobile banking, online Pratt & Whitney loans, enterprise ERP cloud platform, merchant online operation and other services.
The second is the innovative launch of the "global matchmaker" enterprise intelligent cross-border matchmaking platform to reduce cross-border transaction costs and deliver a "timely rain" for stabilizing foreign trade growth and enhancing the company's international competitiveness. As of the end of May of this year, the "Global Matching Home" platform has collected about 1 billion pieces of overseas anti-epidemic materials, and successfully matched nearly 60 million pieces of medical and anti-epidemic materials exported for severe ventilators, protective masks, forehead thermometers, surgical clothes, etc. The accumulated transaction amount is nearly RMB 1 billion.
Question: Preventing financial risks and ensuring financial security are important aspects of the construction of Shanghai International Financial Center. As a large state-owned bank and an important global systemic bank, how to expand financial opening on the basis of preventing and controlling financial risks?
Liu Guiping: Firming the bottom line of risk and ensuring the stability of the international financial center. CCB has always adhered to the bottom line of no systematic financial risks, and built its own risk floor to help ensure the safe and stable operation of the Shanghai financial system.
CCB insists on carrying out business management with the risk management and control capabilities as the boundary, properly handles the relationship between group risk control, compliance and innovation in the construction of the international financial center, and improves compliance and anti-money laundering by building a comprehensive active intelligent risk management system Management level, do a good job of protecting the rights and interests of financial consumers, strengthen the crisis prevention mechanism, and improve the emergency response mechanism for sudden financial risks.
On the one hand, CCB has a big data smart banking center and the first domestic risk measurement center in Shanghai, and is committed to building a safe and shared data ecosystem, using financial technology to comprehensively improve the level of intelligent risk control digitalization; and relying on CCB fintech companies Established an artificial intelligence innovation laboratory in Shanghai to build an artificial intelligence platform.
On the other hand, CCB adapts to the risk control requirements of the digital age, explores and formulates smart risk control system construction plans, optimizes the monitoring and early warning methods, continuously improves the quality of early warning and monitoring, promotes the upgrading of asset quality management and control methods, and optimizes new risk management and control methods. Promote the construction of key projects such as retail and non-retail anti-fraud platforms, investment transaction "blue core" projects, and enterprise-level model risk management and control platforms to help improve the level of financial risk prevention and control in Shanghai.
In addition, CCB has carried out close and in-depth cooperation with important national financial infrastructure such as the Shanghai Clearing House for a long time to help the financial infrastructure operate safely, efficiently, and openly, prevent and resolve systemic financial risks, and give full play to the “stabilizers” and risks of the large state-owned market "Reducing valve" function.