[Qingdao Radio and Television·Huilan Tingtao]
Serving the development of the real economy is the purpose of financial services.
The report of the 20th National Congress of the Communist Party of China proposed that we must build a modern industrial system and insist on focusing on the development of the economy. This further requires the financial industry to be close to the needs of the real economy and strengthen service capabilities to promote further improvement of the real economy.
Qingdao realizes the importance of financial "live water" to the real economy, and has always focused on building a financial highland, and has included the financial industry in one of the seven major modern service industry industry chains to focus on it.
As an important part of financial services, inclusive finance is related to the development status of thousands of small and micro enterprises and the future of the city. Private and small and micro enterprises are an important source of urban economic vitality and the seeds of future leading enterprises. Developing inclusive finance and escorting private and small and micro enterprises is a requirement of development and a "investment" in the future of the city.
Since the 18th National Congress of the Communist Party of China, Qingdao has paid close attention to the inclusive finance work of private and small and micro enterprises, formulated and issued a series of strategic plans and policy measures to promote the development of inclusive finance, and promoted financial institutions to adhere to innovation empowerment and deepen their efforts in inclusive finance. Over the past ten years, the inclusive financial system of Island City has been continuously improved and the inclusiveness of financial services has been continuously enhanced, helping small and micro enterprises, the "three rural" areas, and poverty alleviation.
Looking back on the past decade, Qingdao's inclusive finance has breezeed an unusual "Qingdao Road" and is moving towards the future. Qingdao is continuing to improve its service capabilities, watering seedlings, and helping the development of the entity.
1
established a system, Qingdao "accelerated"
promoted the inclusive financial service system from nothing to something, and Qingdao ran all the way to "acceleration".
In 2013, the Third Plenary Session of the 18th Central Committee of the Communist Party of China passed the "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensive Deepening Reform", proposing to "develop inclusive finance, encourage financial innovation, and enrich the levels and products of the financial market." In 2016, the first national inclusive financial development plan "Promoting the Inclusive Financial Development Plan (2016-2020)" was issued, and the value of inclusive finance was gradually discovered and also entered the public's attention.
Following the trend of the times and responding to the national call, Qingdao has always been "being ahead".
In 2016, Qingdao compiled the "Qingdao Financial Poverty Alleviation Implementation Plan", which opened the curtain of financial poverty alleviation such as credit, insurance, capital market, and local financial organizations, and took the first step in financial support for poverty alleviation and rural revitalization.
In 2017, Qingdao issued the "Notice on Promoting Qingdao Bank and Qingdao Rural Commercial Bank to Better Service to the Real Economy and Support Small and Micro Enterprises and the Development of the "Three Rural Issues", guiding the two legal entities to return to their original position, deepen their inclusiveness, and serve the local government.
After the central government issued the "Handle-in-chief's Several Opinions on Strengthening Financial Services for Private Enterprises" in 2019, Qingdao quickly followed up and issued the "Notice on Deepening Financial Services for Private and Small and Micro Enterprises", further optimizing the financing service environment for private small and micro enterprises from the aspects of strengthening the implementation of monetary policy and regulatory policies, innovating financial service methods, and increasing direct financing support.
has a top-level design and a continuous implementation. With the implementation of policies such as government financing guarantee mechanism, loan risk compensation system, emergency loan transfer funds, etc., the supporting policy system for the development of inclusive finance in Qingdao has gradually been established, and the external financing ecology of private and small and micro enterprises has been further optimized.
In recent years, in the face of the test of the epidemic, in order to help enterprises alleviate their difficulties and stabilize the economy, Qingdao's inclusive financial services have gone further.Working mechanisms such as "Qingdao Financial Support Coordination Mechanism for Stable Enterprises and Employment" and "Opinions on Establishing and Implementing the "Six Stability" and "Six Guarantees" to Strengthen Financial Services for the Real Economy" have been established. The loan reward method for bank institutions issuing for the first time. Qingdao will give loan rewards to bank institutions with loans of more than 10 billion yuan in RMB and foreign currencies with loan growth of more than 10%, and use rewards to show importance to rewards and subsidies, and improve service capabilities through systems.
After years of hard work, the island city's financial service ecosystem has been continuously optimized, and the financing convenience of small and medium-sized enterprises has been continuously improved. "Increasing volume, expanding area, and falling prices" has become synonymous with inclusive loans. According to data from Qingdao Banking and Insurance Regulatory Bureau, in terms of investment volume, as of the end of August 2022, the balance of loans for inclusive small and micro enterprises was 206.5 billion yuan, an increase of 164.22% from the end of 2018 since the beginning of statistics; the proportion of various loans in RMB was 8.59%, 3.74 percentage points higher than the end of 2018. In terms of the coverage of , the number of credited households for general small and micro enterprises reached 256,400, 2.53 times that of the end of 2018. In terms of loan interest rates, at the end of August 2022, the weighted average interest rate of newly issued loans was 4.55%, down 1.61 basis points from the same period in 2018.
2
Financial counseling, let the service go further
In May 2022, Qingdao market entities exceeded 2 million mark, and the vigorous economic development vitality of this century-old famous city was once again demonstrated.
A high-quality business environment is the "confidence" for mass entrepreneurship and innovation. A beautiful report card cannot be separated from the active actions of financial institutions across the city. As of September 2022, Qingdao's small and micro enterprise loans exceeded 600 billion yuan, which was 280.2% at the end of 2012, with an average annual growth rate of 28%. The issuance of
loans requires precision, allowing financial resources to "precisely drip irrigate" is the only way to improve the service quality level again.
In 2020, Qingdao established the Financial Counseling Work Coordination Group , with the deputy mayor in charge as the group leader, and promoted the innovation of financial counseling systems and mechanisms at a high level. There are 746 counselors in 25 228 financial counseling teams in the island city and 4,720 companies are advised by the financial counselors. The financial counselors have normal contact with the tutored enterprises, and they are connected at least once a month and conduct on-site research at least once a quarter, and provide policy publicity, consulting guidance, financing planning and other services "face-to-face" with entrepreneurs.
Xiangruilier (Qingdao) Intelligent Equipment Co., Ltd., located in , the West Coast New District of , is one of the beneficiaries of financial counseling.
021, Qingdao Rural Commercial Bank financial counselor learned that the company had a gap in operating capital during the process of expanding the scale of the enterprise, but due to the lack of effective guarantees, it is difficult for bank credit. The financial counselor immediately contacted the Financial Counseling Office of the West Coast New District and customized a comprehensive financial service plan for credit loans and bank acceptance bills within one week, providing enterprises with a comprehensive credit of more than 40 million yuan. According to the company's head, this fund solves the company's urgent needs and provides strong support for equipment and technology updates.
As of now, financial counseling has achieved a total financing of 141.8 billion yuan. At the same time, with the help of Shandong Province's digital reform, it took the lead in building a comprehensive financial service platform - Jinqitong Financial Service Information Support Platform, achieving an average daily information call volume of more than 500,000 times, bringing together more than 35,000 enterprises and individual industrial and commercial households, supporting credit exceeds 32.7 billion yuan, and 75% of the loans are inclusive small and micro loans.
Qingdao strengthens inclusive financial services, not only helping small and medium-sized enterprises solve their temporary needs, but also stimulates the vitality of enterprises' development in the long run, forming a virtuous cycle of "letting water to raise fish, more water and more fish". In recent years, all levels and departments in the island city have not forgotten to target the bottlenecks and pain points of financial services for the real economy, and have continuously improved the financing docking mechanism between government, finance and enterprises, and created a three-dimensional financial service network that integrates online and offline.
018 "Special Action to Promote the Transformation of New and Old Kinetic Energy" in 2019, "Financial Services Strengthen the Private Economy Offensive", 2020 "Hundred Banks and Ten Thousand Enterprises" activity, 2021 "Finance and Enterprise Interoperability, Win the Future" in 2022, "Spring Rain Action" in Financial Services for the Real Economy········ The annual government-financial financing docking action has become an effective medium to link enterprises, banking institutions and government functional departments. With the normalization of activities, a working mechanism for the coordinated efforts of the online Jinqitong platform and offline financial counseling teams have emerged, truly realizing that financial services are within reach.
3
reform leads, pilot demonstration of multi-point "flowering"
"innovation" has always been the genetic code for the development of Qingdao's financial industry.
As early as 2015, Qingdao's first patent pledge loan guarantee insurance set off a climax of innovation in inclusive financial models. It was highly praised by the China Securities Regulatory Commission and rated it as the "Qingdao Model" of technology-based small and medium-sized financial services. Up to now, patent pledge loan guarantee insurance has provided a total of 1.51 billion yuan in loan financing to 674 small and micro technology enterprises.
Subsequently, Qingdao Inclusive Finance has always regarded reform as a key move, focused on taking the lead in trying out, actively undertake the national financial reform pilot task, and continuously released the strong demonstration effect of financial services to the real economy. In 2020 and 2021, Jimo District and Jiaozhou City were respectively approved as a national pilot city for deepening the comprehensive reform of financial services for private and small and micro enterprises, and received 30 million yuan of central financial support to explore new ways for private small and micro enterprises to innovate financial services; in 2021, Qingdao City was approved as a demonstration zone for the People's Bank of China Financial Technology Support Rural Revitalization; in 2022, it was approved as a demonstration zone for the development of the Ministry of Finance to promote development through reform and increase momentum through reform, and explore the way for the country's inclusive finance.
With the support of various demonstration areas, Qingdao's financial innovation business continues to be highlighted. Since November 2022, our city, as one of the five first pilot cities, has been approved to carry out pilot work on specific pension savings, and explore the path of elderly-friendly financial services to receive national policy support. In terms of green agriculture development, Industrial Bank Qingdao Branch has launched innovative financial products such as the first tea garden carbon sink loan in the country, the first vegetation restoration carbon sink loan in the country, and Qingdao's first forestry carbon sink loan in the country, fully supporting the green development of agriculture. All tasks are progressing steadily, and the dividends of reform continue to be released.
Ten years of progress towards the glorious road, inclusive finance has provided strong "financial vitality" for the growth and strengthening of private and small and medium-sized enterprises in Qingdao. In the next step, Qingdao's financial system will always keep in mind the political nature and people-oriented nature of financial work, focus on people's livelihood concerns, and continue to promote the establishment of a long-term mechanism for financial services for small and micro enterprises to dare to lend, be willing to lend, and be able to lend, implement various national pilot tasks, and promote the deep and practical development of inclusive finance.
