The city's financial support for the real economy is "good" enough

Financial services to help enterprises develop steadily, the picture shows the production workshop of an enterprise in our city

Mustering up full energy, getting off to a good start, and getting off to a good start are crucial to the realization of the annual economic target. As the bloodline of the real economy, finance shoulders the mission and responsibility of promoting high-quality economic development.

Since the beginning of this year, the city's financial system has continued to strengthen the study and specific implementation of the spirit of the Central Economic Work Conference and the Central Financial Work Conference, closely followed the development strategy of the Municipal Party Committee and the Municipal Government, accurately and effectively implemented the prudent monetary policy, focused on key areas and weak links, increased credit delivery, and steadily increased the growth of various loans, steadily optimized the structure, and steadily reduced costs, providing strong financial support for the economy to achieve a good start in the first quarter.

Loans grew steadily

Financing costs have been stable and declining

On April 24, the reporter learned from the Ya'an Branch of the People's Bank of China that in the first quarter of this year, the balance of loans in local and foreign currencies in the city was 140.047 billion yuan, a year-on-year increase of 12.6%, 3.1 percentage points higher than the national level, and an increase of 7.43 billion yuan from the beginning of the year. Among them, the balance of bill financing and non-bank lending decreased by 2.088 billion yuan from the beginning of the year, accounting for only 2.8% of the balance of various loans.

The reporter found from the data that in the first quarter of this year, the credit rhythm of the city's legal entities was 39.36%, a year-on-year decrease of 19.8 percentage points. "This year, the People's Bank of China has highlighted the 'stable rhythm', and we have strengthened the assessment and supervision to guide corporate banks to curb the excessively rapid investment in the first quarter, as well as the 'rush point' phenomenon of 'rushing up at the end of the quarter and falling back at the beginning of the quarter', so as to enhance the balance and stability of credit growth. It is estimated that in April, loans will increase by 1.637 billion yuan from a decrease of 352 million yuan last year, and a balanced growth of credit between quarters and months will be initially achieved. The person in charge of the Ya'an branch of the People's Bank of China said.

While the total amount of loans is growing steadily and the balance is balanced, its price is also worth paying attention to.

In February, the RRR cut was implemented for the first time this year, leading to a 25 basis point reduction in the loan prime rate (LPR) for loans with a maturity of more than 5 years, and driving the loan interest rate further downward.

Since the beginning of this year, Ya'an's corporate financing and residents' credit costs have continued to decline.

The Ya'an Branch of the People's Bank of China further unleashed the effectiveness of the reform of the loan prime rate (LPR), strengthened the self-discipline management of deposit interest rate pricing, and guided legal entities to take the initiative to lower the upper limit of deposit interest rate pricing authorization, so as to create conditions for a steady and moderate decline in financing costs. Since the beginning of this year, the city's legal entities have lowered the interest rates on time deposits and large-amount certificates of deposit twice. In March, the weighted average interest rates of new general loans and inclusive small and micro loans in the city were 4.49% and 4.15%, respectively, down 1bp and 54bp respectively from the same period last year.

Strong support in key areas

The credit structure continued to be optimized

While credit growth is more rational, the credit structure continues to be optimized in the first quarter of this year.

"Loans to advanced manufacturing are growing rapidly. According to the person in charge of the Ya'an branch of the People's Bank of China, in the first quarter of this year, the city's manufacturing loans increased by 20.7% year-on-year, exceeding 20% for 18 consecutive months.

It is reported that since the beginning of this year, the People's Bank of China, development and reform, economy and information and other departments have worked together to continuously improve the project list sharing mechanism, the government-bank-enterprise financing docking mechanism, and the financial support monitoring mechanism, strengthen the implementation of policies, continue to optimize the credit structure, strive to improve the quality and efficiency of financial services for the real economy, and help credit growth in the fields of advanced manufacturing, new infrastructure and rural revitalization.

In the first quarter of this year, the city's infrastructure loans grew by 22.5 percent, accounting for 62.4 percent of all loans, up 12.8 percentage points year-on-year, green credit increased by 26 percent year-on-year, exceeding 20 percent for eight consecutive quarters, agriculture-related loans increased by 13.9 percent year-on-year, higher than the growth rate of various loans for 13 consecutive months, loans to individual industrial and commercial households increased by 21.5 percent year-on-year, accelerating by 13.9 percentage points year-on-year, and exceeded 20 percent for four consecutive months, and inclusive small and medium-sized loans accounted for 38.8 percent , an increase of 8.1 percentage points year-on-year, exceeding 30% for 13 consecutive months.

At the same time, a matchmaking meeting was held for the construction and financing of key projects in Ya'an City to help key projects "blossom and bear fruit". As of the end of March, the city's financial institutions have granted 21.747 billion yuan of credit to key projects in 2024, of which 2.291 billion yuan were issued in the first quarter, with a balance of 7.663 billion yuan.

Real estate financial policies continue to exert force

Effectively promote the stable development of the market

Following the delivery of buildings, the extension of the "16 financial articles", and the implementation of the "non-discriminatory" support for the financing of real estate enterprises, this year, the city has established a city-oriented, project-centered urban real estate financing coordination mechanism to further support real estate financing. Up to now, commercial banks have completed the examination and approval of the first batch of four "white list" projects, obtained credit of 430 million yuan, and have issued loans of 60 million yuan, and the second batch of five "white list" projects, with a financing demand of 1.513 billion yuan, are under approval; at the end of March, the city's real estate development loans fell by 17.8% year-on-year, and the decline rate narrowed for four consecutive months, narrowing by 9.6 percentage points year-on-year.

The prepayment of housing loans has been further eased. Following the reduction of the interest rate of the first home loan on September 25 last year, on January 1 this year, some of the existing housing loans were repriced, and the mortgage interest rate further declined, effectively alleviating the phenomenon of early repayment. According to the data, from January to March this year, the average monthly early repayment of individual housing in the city was 54.2 million yuan, and the average monthly repayment decreased by 35.4 million yuan and 27 million yuan respectively from September to December and January to August last year. At the end of March, the interest rates of the city's first and second sets of personal housing loans were 3.75% and 4.15% respectively, down 0.25 and 0.27 percentage points respectively from the end of last year.

Precise implementation of credit policies

Continue to increase credit supply

In the first quarter, the city's financial operation was generally stable, "volume increase and price decrease", how to maintain the momentum of good growth of credit delivery, and help stabilize the annual economic market?

"We will accurately and effectively implement various monetary and credit policies, seize policy opportunities such as equipment renewal and financial support for the trade-in of consumer goods, continue to increase credit delivery, and contribute financial strength to the high-quality development of the city's economy. The person in charge of the Ya'an branch of the People's Bank of China said that next, it will do a good job in stabilizing credit delivery, strengthen the management of interest rates, increase financial support for the digital transformation of new industrialization and intelligent transformation of the manufacturing industry, do a good job in large-scale equipment renewal and financial support for the trade-in of consumer goods, and carry out the "financial chain length" of Yacha and Sichuan pepper industry chain We will make every effort to provide financial support for the steady and healthy development of the real estate market, actively promote the expansion of cross-border RMB business, and accelerate the breakthrough and steady growth of Ya'an's counter bond business.

The city's financial system will continue to fully implement the spirit of the Central Economic Work Conference and the Central Financial Work Conference, focus on the requirements of the Municipal Party Committee of "establishing a city with ecology, stabilizing agriculture, strengthening industry and revitalizing the city through culture and tourism", focus on the construction of key projects and the "five major articles" of finance, increase the "precise drip irrigation" of key areas and weak links, enhance the endogenous driving force of the economy, and help the high-quality development of Ya'an. Reporter Jiang Yangyang