Increase support for small and micro enterprises, advanced manufacturing and other key areas
Finance helps Hubei's economy to be stable and far-reaching
Recently, Bank of Communications Hubei Branch has increased its investment to provide 968 million yuan in financial support for multiple transportation projects in Hubei including Xiaogan North, Shiwu Expressway, Wuhan City Circle Ring Expressway Dasui to Hanshi Section, and help promote comprehensive transportation in Hubei. Transportation system construction.
Since the beginning of this year, the Hubei Branch of Bank of Communications has allocated a total of 1.7 billion yuan in loans to support the construction of public infrastructure.
It is reported that in 2020, the Hubei branch of the Bank of Communications will explore high-quality financial development and continue to increase financial support for small and micro enterprises, advanced manufacturing, strategic emerging industries, and people's livelihoods in key areas.
Through credit support and direct financing, over 93.9 billion yuan was invested in Hubei's economic construction and social development throughout the year.
Emergency loan relief
During the prevention and control of the new crown pneumonia epidemic, in order to ensure that Wuhan residents can eat safe and affordable meat, the Hubei branch of the Bank of Communications fully cooperated with the Wuhan Municipal Government to launch the government reserve meat special package plan. A special working group was established as soon as possible, and the addition was completed within one day. The credit line is 226 million yuan, and the release will be completed on March 7, 2020, and the entire green channel will be unimpeded.
Not only that, during the epidemic prevention and control period, the Hubei Branch of the Bank of Communications actively participated in the front line of the epidemic, using a combination of credit support and targeted donations to ensure people's livelihood and market stability, and provide adequate financial protection for anti-epidemic companies.
After receiving the assignment of related tasks, the pharmaceutical circulation company Jointown Pharmaceutical Group Co., Ltd. quickly assumed the procurement, deployment, and logistics transportation of pharmaceutical materials in Wuhan.
"Bank of Communications' approval speed is fast, which is very helpful to us." said Wang Qibing, deputy general manager of Jointown Group. "After the outbreak, the Bank of Communications approached us as soon as possible and increased the company's credit line by more than 1 billion yuan, which eased the procurement of epidemic prevention materials. The problem of tight funding."
Shan Zengjian, president of the Hubei branch of the Bank of Communications, said: “Since the outbreak, the branch has issued a total of 5.8 billion yuan in anti-epidemic loans to 92 epidemic prevention and control companies, which has become a strong backing for Hubei's anti-epidemic enterprises.”
Innovative model serving small and micro businesses
In response to the characteristics of technology-based enterprises, the Hubei Branch of the Bank of Communications launched a special product to support small and micro enterprises in fighting the epidemic and resuming work and production-the "4321 Risk Sharing Loan".
The “4321” model of credit granting means that if the enterprise is unable to repay the due loan, the government financing guarantee company, re-guarantee agency, bank, and the government assume the risk responsibility at a ratio of 4:3:2:1. This risk guarantee model It can effectively guarantee credit enhancement for small and micro enterprises, with sufficient quotas, preferential interest rates, and special-person approval, alleviating financing difficulties and effectively lowering the financing threshold.
"Small and micro enterprise businesses have the characteristics of small single amount and scattered customer base. No collateral and high financing costs are one of the reasons for their financing difficulties, so stable and efficient financial support is needed." Inclusive Department of Bank of Communications Hubei Branch General Manager Yang Tangping said.
Not only that, since it won the bid to host the bank for the "Chu Trade Loan" project of the Hubei Provincial Department of Commerce in May 2020, the Hubei Branch of the Bank of Communications has continued to increase credit for foreign trade small and micro enterprises in the province by introducing special risk-sharing funds from the government. The combination of "Chumao Loan" business and "single window" service can more quickly and accurately alleviate the financing difficulties and expensive financing problems of small, medium and micro foreign trade enterprises.
As of the end of 2020, the Hubei branch of the Bank of Communications has granted a total of 69.21 million yuan in special loans to many small, medium and micro foreign trade enterprises, providing strong support for foreign investment and financing of enterprises in Hubei Province.
"In the future, the Hubei Branch of the Bank of Communications will closely follow the steady growth trend, insist on stabilizing foreign trade, new infrastructure, major projects for resumption of production and production, and new urbanization as key directions, and continue to increase credit support for manufacturing and new infrastructure. Strengthen the high-quality development of the real economy.” Shan Zengjian said.
Our reporter Zhou Xiaoyuan