China CITIC Bank: Consolidate and expand the results of poverty alleviation with high-quality financial services

In recent years, China CITIC Bank has conscientiously implemented the decision-making and deployment of the Party Central Committee and the State Council, strictly implemented the "four unpicked" in accordance with the requirements of regulatory policies, and effectively consolidated and expanded the results of poverty alleviation. By the end of 2021, the balance of CHINA CITIC Bank's financial precision assistance loans will exceed 30 billion yuan, maintaining the overall stability of existing support policies and support, and increasing credit support for key areas such as poverty alleviation areas, poverty alleviation population and industrial drive.

Improve the system and mechanism, do a good job of promoting "first-hand chess" at the top level

China CITIC Bank will consolidate and expand the results of poverty alleviation as a "first-hand project" and incorporate it into the development plan of the whole bank; set up an inclusive finance leading group headed by the party secretary, and held several special work meetings to coordinate the work deployment of consolidating and expanding the results of poverty alleviation, formulate development strategies, refine the division of responsibilities, and strengthen supervision and implementation. The Board of Supervisors will consolidate and expand the achievements in poverty alleviation and other implementation of the central spirit and regulatory policies into the evaluation of senior executives. The Discipline Inspection Commission will consolidate and expand the results of poverty alleviation into the annual supervision matters, and supervise the promotion of the bank's financial precision assistance work.

At the same time, China CITIC Bank will support the consolidation and expansion of the results of poverty alleviation into the bank's credit granting policy, requiring that in accordance with the principle of poverty alleviation and non-explanatory policy, increase financial support for economic development and mass income increase in poverty alleviation areas, further simplify the credit approval process, improve the efficiency of financial precision assistance loan approval, and guide branches to increase credit support for consolidating and expanding the results of poverty alleviation. Strengthen assessment incentives and resource guarantees, give financial precision assistance loan FTP assessment profit subsidies of 20BPs, encourage branches to increase resources in combination with business realities, and improve the enthusiasm of front-line institutions and personnel.

Optimize products and services to win the "position war" of credit support

China CITIC Bank will consolidate and expand the results of poverty alleviation into business development, focus on the characteristics of financial precision to help customers needs, and expand financial support to consolidate and expand the coverage of poverty alleviation results by providing online, targeted and integrated products and services.

The first is to promote online products. Strengthen financial technology empowerment, rely on scene big data, improve and promote online loan products such as "logistics e-loan, political procurement e-loan, distribution e-loan, order e-loan", etc., process the whole process of products and services online, break through the limitations of physical network services, achieve credit support for small and micro enterprises in poverty alleviation areas, and expand the coverage of help loans. In Yunnan, The Kunming Branch of China CITIC Bank provides convenient financing services for small and micro enterprises in 16 poverty-alleviated counties in the province that do not have operating outlets through online products, and Suijiang Huarui Building Materials Co., Ltd. is one of them. Through the "Commercial Invoice e-Loan", the Kunming branch of China CITIC Bank issued a commercial acceptance bill pledge loan of 9.5 million yuan to this small and micro enterprise to help the enterprise work capital.

The second is to provide targeted support. China CITIC Bank encourages branches to combine the actual situation and improve the pertinence of products and services according to the time and place. In Fujian, in view of the characteristics of the tea industry, China CITIC Bank Fuzhou Branch has launched a special product system such as "Shexiang Loan", "Red Loan", "Xingnong Loan" and "Industry and Finance Loan" to inject financial vitality into rural revitalization. Fuding Shemingxiang is a collection of white tea planting, production, research and development, tea culture promotion as one of the She's small and micro enterprises, product distribution in Europe, Southeast Asia and 22 provinces and cities across the country, its characteristic She's tea making process has also been broadcast on CCTV. After the outbreak of the new crown epidemic, the production and operation of enterprises have been affected to a certain extent, so the Fuzhou branch of China CITIC Bank has issued a credit loan of 1 million yuan to it. With the support of bank credit, the company successfully survived the difficulties of the epidemic, resumed work and production, and completed the transformation of factories, equipment renewal, and tea garden expansion, with annual sales increasing from 8 million yuan at the beginning of 2020 to 15 million yuan now, and the tea garden expanded from 500 mu in Fangjiashan to 800 mu in Chixi Village, Fangjiashan and Yanxi Xikou.

The third is to expand integrated services. China CITIC Bank actively exerts its synergistic advantages, smooths direct financing channels, and improves the level of financial service integration. In 2021 alone, CHINA CITIC Bank underwrote four of the country's first batch of debt financing instruments for the revitalization of old districts, amounting to 3.1 billion yuan, to support the funding needs of projects in the old revolutionary areas such as Yimeng, Gansu, Fujian, Guangdong, the former Central Soviet District, Taihang, and Sichuan-Shaanxi. Chengdu Yimin Group is the only agriculture-related urban modern agricultural industry group in Chengdu, playing a leading role in the field of people's livelihood security such as "vegetable basket" and "rice bag". In 2021, Yimin prepared to build a 250,000-mu high-quality grain source base in Zhazhao Special Banner of Xing'an League in Inner Mongolia, and encountered financing problems. In order to fully support modern agriculture, China CITIC Bank Chengdu Branch changed the traditional financing ideas, communicated with the Dealers Association on the registration of rural revitalization bills by Yimin Group, completed the registration of "rural revitalization bills" in only two working days, and successfully issued the first batch of "rural revitalization bills" for Yimin Group, giving priority to the introduction of financial living water, which greatly improved the efficiency and role of funds in promoting rural revitalization construction, and is expected to achieve win-win industrial upgrading, investment returns and social benefits.

Adhere to multiple measures and give a good and accurate help "combination fist"

All along, China CITIC Bank has adhered to political leadership, strengthened organizational leadership, continued to carry out a number of precise assistance measures such as fixed-point assistance, industrial assistance, education assistance, etc., and solidly fulfilled the political and social responsibilities of state-owned financial enterprises, with a total of 12.123 million yuan of free donation funds in 2021.

The first is to continue to fulfill the responsibility of designated assistance. China CITIC Bank will continue to help 5 counties (districts) and 45 villages in Tibet, including Xietongmen County, Jiashi County in Xinjiang, and Tangchang County in Gansu Province, selecting and matching strong cadres for assistance, maintaining the intensity of fixed-point assistance, and ensuring the implementation of the responsibility of fixed-point assistance. In Xietongmen County, Tibet, 3 million yuan was invested to help establish a forage processing plant, effectively solving the outstanding problem of insufficient forage for livestock in many townships and towns, benefiting more than 30,000 farmers and herdsmen. In Jiashi County, Xinjiang, 1.712 million yuan was invested to carry out projects such as Jiashi sheep breeding in two poverty alleviation villages of Kyzylkumu and Tanglai Chaputi, benefiting 2,058 people from 525 households. In Fujian, 2,171 employees of CITIC Group's branch in Fujian donated 2.06 million yuan to help build a road between Chixi Village and Xiashanxi Village in Ningde to help develop the local tourism and white tea industry.

The second is to continue to promote the docking of industrial assistance. China CITIC Bank actively implements the policy of e-commerce into rural areas, helps improve the infrastructure for the development of rural e-commerce, strengthens the interconnection of farmers and businessmen, and closes the connection between production and marketing. In Beijing, China CITIC Bank Beijing Branch has given full play to the advantages of financial technology, promoted e-commerce cooperation with agricultural product trading platforms such as "One Mu Tian", built a full-process online payment and settlement system for agricultural approval business, provided capital clearance and settlement services for the supply and marketing of agricultural products in poverty-alleviated areas, ensured the timeliness of farmers' sales funds, and solved "worries" for farmers. In Jiangxi, China CITIC Bank Nanchang Branch actively docked with jiangnan yunshang, a well-known online agricultural trade platform in the province, and connected the platform login port to China CITIC Bank mobile banking to support the online sales of agricultural products in poverty-alleviated villages and broaden the sales channels of agricultural products.

The third is to continue to carry out education and support projects. China CITIC Bank has always regarded education assistance as the focus of accurate assistance work, and has continuously increased investment in education funds. Continue to carry out the "New Great Wall High School Students Self-Improvement Class" education and support project, donating 2 million yuan to help 1,000 high school students with excellent character and academic performance and family difficulties in 20 provinces, municipalities and autonomous regions across the country. Donated 500,000 yuan to fund the needy students in Xietongmen County, Tibet who have established a file to lift themselves out of poverty and are easy to return to poverty.

In addition, China CITIC Bank also provided funds of 3 million yuan to provide medical treatment for children with congenital heart disease in the western region and the "three districts and three states" area. By the end of 2021, more than 100 children have been treated through surgery and rehabilitation.

China CITIC Bank said that in the future, it will continue to conscientiously implement the strategic deployment of the Party Central Committee and the State Council, implement the policy requirements of the Banking and Insurance Regulatory Commission, and in accordance with the principle of "four no-picks", make overall plans for financial support to consolidate and expand the results of poverty alleviation, improve the long-term mechanism of financial precision assistance, maintain the overall stability of financial support, and contribute to consolidating and expanding the results of poverty alleviation, helping rural revitalization, and helping to achieve common prosperity.