Xinhua News Agency, Wuhan, August 9th (Reporter Wang Xian) "As of now, in order to support the recovery from the epidemic, Hubei financial institutions have issued 99.9 billion yuan of preferential interest loans to support 95,000 enterprises; they have facilitated the extension of the principal and interest of 355.6 billion yuan in loans. , Benefiting 282,000 enterprises.” This reporter learned from the recent work conference of the People’s Bank of China Wuhan Branch and the Hubei Branch of the State Administration of Foreign Exchange in the second half of 2020.
The person in charge of the Wuhan branch of the People’s Bank of China stated that in the first half of this year, in the face of the multiple tests of the new crown pneumonia epidemic, post-epidemic recovery, and flood prevention and disaster relief, cadres and employees within the jurisdiction have conscientiously carried out activities such as the “Special Bank of Finance” and “Financial Stability Protection”. Re-loan and re-discount policies, promote and interpret the spirit of the policy through multiple channels, guide financial institutions to expand credit allocation, and actively give profits to the real economy.
After the central government’s package of policies to support Hubei’s economic and social development was introduced, the Wuhan branch of the People’s Bank of China took the lead in formulating relevant work plans, through special projects such as “financial support to stabilize enterprises and ensure employment”, “enterprise financial service cabins”, “hundreds of thousands of enterprises”, and “science and innovation salons”. Action to implement the central financial policy package supporting Hubei. At the end of June, the balance of various loans in Hubei province was 5.7 trillion yuan, a year-on-year increase of 12.4%, 0.3 percentage points higher than that at the end of March. Since March, new loans have increased year-on-year for four consecutive months. 432.6 billion yuan.
According to reports, the Hubei branch of the People's Bank of China will continue to guide financial institutions to make reasonable profits to the real economy; continue to increase counter-cyclical adjustments, with "financial stability guaranteeing tens of millions" as the main line, and "financial special banks" as the starting point to urge financial institutions to actively To meet the effective financing needs of key projects and market entities; persistently fight against and resolve financial risks, continue to do a good job in financial services and management, and continuously improve the effectiveness of internal governance.