Remember to serve the people and keep the original intention
Show the new actions of grassroots central banks
□ High Wave
General Secretary Xi Jinping pointed out at the mobilization meeting for the study and education of party history that our party comes from the people, and the foundation and blood of the party are in the people. Being born for the people, thriving because of the people, always being with the people, and fighting for the interests of the people are the fundamental starting point and foothold of our party in building the party, rejuvenating the party, and strengthening the party. The People's Bank of China came from the State Bank of the Chinese Soviet in ruijin Yeping Rural Courtyard, was established with the birth of the red regime led by the Communist Party of China, and developed forward with the continuous advancement of the cause of socialist revolutionary construction and reform, always adhering to the development concept of "people first" and always practicing the original mission of "finance for the people". In recent years, as a provincial-level branch of the People's Bank of China in Shanxi, the Taiyuan Central Branch of the People's Bank of China has resolutely stood firm on the people's stand, always adhered to the feeling of finance for the people, regarded safeguarding the fundamental interests of the people as the main goal of doing a good job in all work, and performed its duties and responsibilities for the people. Coordinate financial support for epidemic prevention and control and economic and social development, conscientiously implement the central financial macro-control deployment, protect the interests and well-being of the broadest masses of the people in the practice of serving the real economy, preventing financial risks, and providing basic financial services, and create a good financial environment for promoting the high-quality development of the province in an all-round way.
Firmly shoulder political responsibilities and adhere to the original intention of serving the people in the practice of serving the real economy
General Secretary Xi Jinping pointed out that finance is the core of the modern economy, the bloodline of the real economy, and serving the real economy is the starting point and foothold of financial work. The Taiyuan Central Branch of the People's Bank of China has thoroughly implemented General Secretary Xi Jinping's important exposition on financial work, conscientiously implemented the prudent monetary policy, put the service to the real economy in a more prominent position, guided financial institutions to continuously increase financial support around the overall situation of promoting high-quality development in an all-round way, and continued to maintain a stable growth, excellent structure and cost reduction in credit delivery. Especially since 2020, in the face of the sudden impact of the new crown pneumonia epidemic, we have actively responded, taken the initiative, and focused on promoting the implementation of various policies and measures of "six stability" and "six guarantees", providing accurate and effective financial services for fighting the epidemic and ensuring supply, resuming work and production, stabilizing enterprises and ensuring employment, and poverty alleviation. As of the end of March 2021, the balance of local and foreign currency loans of financial institutions in the province increased by 8.2% year-on-year. Promote the reform of interest rate marketization, and the interest rate of corporate loans continues to decline. In the first quarter of 2021, the province's enterprise loan plus rate was 4.928%, down 0.357 percentage points year-on-year.
Go all out to support epidemic prevention and control and the resumption of work and production. It has successively formulated 16 measures to prevent and control the new crown pneumonia epidemic in financial services, 35 measures to support the prevention and control of the epidemic and the resumption of work and production, and 11 measures to support the resumption of work and production of small and medium-sized foreign trade enterprises. In 2020, financial institutions will be guided to issue preferential interest rate loans of 2.14 billion yuan for 25 national key enterprises in epidemic prevention and control in our province, with a weighted average interest rate of 2.8%, and the actual financing interest rate of enterprises after fiscal discount is only 1.4%. The province added 13.5 billion yuan of refinancing and rediscounting special quotas, all of which were used by financial institutions to issue loans (discounts) to support the resumption of work and production, support local legal person banking institutions to issue agriculture-related loans of 2 billion yuan, inclusive caliber small and micro enterprise loans of 9 billion yuan, and handle private small and micro enterprise bill discounting of 2.5 billion yuan, with a weighted average interest rate of 4.4%, lower than the weighted average interest rate of inclusive small and micro loans in the same period of 2.4 percentage points. At the same time, green channels such as payment and clearing, treasury, cash management, credit information, and foreign exchange were opened in a timely manner, providing a guarantee for smooth financial services during the epidemic prevention and control period.
On May 18, 2021, the research team of taiyuan central branch of Chinese Bank conducted research in Taiyuan Enterprise Credit Service Co., Ltd
Solidly carry out financial support for stable enterprises and employment protection. Hold a work promotion meeting to formulate and implement the province's financial support and stable enterprises to ensure employment work plan. Solidly promote the "five special actions to bail out and benefit enterprises" to add financial impetus to the province's stable enterprises and employment. Actively implement two monetary policies that go directly to the real economy, and increase support for local legal person financial institutions to handle deferred principal and interest payments and credit loans for inclusive small and micro enterprises. At the end of March 2021, local legal person financial institutions deferred the principal of loans for more than 9,700 households and 18.065 billion yuan of inclusive small and micro enterprises, and issued credit loans for inclusive small and micro enterprises of 3.602 billion yuan, benefiting about 16,000 small and micro market entities. Loans to small and micro enterprises in the province increased by 20.123 billion yuan from the beginning of the year, an increase of 8.689 billion yuan year-on-year.
Do a good job in financial precision poverty alleviation and effective connection with rural revitalization. Earnestly implement the policy of supporting agricultural re-loans and differentiated credit, formulate and implement a series of financial support for industrial poverty alleviation and follow-up support for poverty alleviation and relocation, guide financial institutions to accurately dock the financial needs of industrial poverty alleviation, increase credit investment, and do a good job in the follow-up support for poverty alleviation and relocation. At the end of 2020, the balance of financial precision poverty alleviation loans in the province was 98.763 billion yuan, an increase of 7.67% year-on-year. Among them, the balance of industrial precision poverty alleviation loans was 50.631 billion yuan, an increase of 29.17% year-on-year; the balance of relocation loans for poverty alleviation was 1.716 billion yuan, with a cumulative service of more than 1 million people (times). Jointly with relevant departments, formulate and implement the "Implementation Plan for Microcredit for The Population Lifted Out of Poverty in The Transitional Period of Shanxi Province" to meet the effective credit needs of households that have been established to lift themselves out of poverty and those who are vulnerable to poverty at the margins. At the end of March 2021, agriculture-related loans increased by 31.831 billion yuan from the beginning of the year, an increase of 780 million yuan year-on-year.
Actively support high-quality development, green development and comprehensive reform pilots for the energy revolution。 Strengthen the guidance and monitoring of manufacturing loans, continue to promote the steady growth of medium- and long-term loans in the manufacturing industry, in the first quarter of 2021, the province's manufacturing medium- and long-term loans increased by 9.94 billion yuan, which is 3.5 times that of the same period last year. Vigorously promote the development of green finance, and green loans in the province increased by 9.67 billion yuan in the first quarter, an increase of 3.06 billion yuan year-on-year. Solidly promote the development of entrepreneurial guarantee loan business, as of the end of March 2021, the balance of entrepreneurial guarantee loans increased by 449.9% year-on-year, benefiting 347 small and micro enterprises that attracted the employment of key groups, and 7169 individual entrepreneurs.
Earnestly take action and adhere to the people's position in the practice of preventing and resolving financial risks
Financial security is an important part of national security, and preventing and resolving financial risks is related to national security, development security, and the safety of people's property. Since 2020, the Taiyuan Central Branch of the People's Bank of China has resolutely stood firm on the people's position, bravely assumed and taken the initiative in the battle to prevent and resolve major financial risks, and kept the bottom line of no systemic regional financial risks.
Strengthen risk monitoring, early warning and prevention and resolution. Comprehensively check the financial risks of the province, continue to track changes in risk conditions, and timely grasp the risk base. Improve the financial risk monitoring system, carry out monitoring and analysis of small and medium-sized financial institutions, improve risk monitoring methods, and achieve early identification and early detection of risks. Steadily implement risk mitigation actions for high-risk financial institutions. Assist and support local governments in accurately defusing bombs, and promote the reform, anti-corruption and risk reduction of local legal person financial institutions in an integrated manner. Properly handle financial emergencies. Actively support the successful establishment of Shanxi Bank.
Improve local regulatory coordination mechanisms. Promote the implementation of the local coordination mechanism of the Office of the Financial Commission (Shanxi Province), organize and convene various meetings, report risk information, study and judge the risk situation, form work opinions and measures, and strive to complete the work tasks of major financial risk battles.
Adhere to inclusiveness and fairness, and highlight the feelings of the people in the practice of financial services and management
The work of the People's Bank of China is related to the core interests of the party and the people, and it must adhere to the feelings of the people and perform its duties and responsibilities. Taiyuan Central Sub-branch has always put the feelings for the people throughout the payment and clearing, currency issuance, management of the treasury, credit management, financial consumer rights and interests protection, foreign exchange management and other aspects, reflecting the inclusiveness and fairness of financial support policies, actively providing inclusive and basic financial services for local governments, financial institutions and the whole society, and constantly enhancing the people's sense of gain and happiness.
Provide high-quality payment and settlement services. Continuously optimize the process of opening corporate bank accounts, and the enterprise account opening service is more convenient and efficient. Solidly carry out the work of adapting payment services to aging, and urge all banking institutions to formulate and implement implementation plans for the transformation of payment services suitable for aging. Deepen the construction of rural rural loan service stations, promote urban and rural mobile payment convenience projects, and continuously optimize the rural payment environment and mobile payment application scenarios. Carry out special actions to crack down on cross-border gambling capital chains and new types of illegal crimes in telecommunications networks, and further safeguard the legitimate rights and interests of the people.
Fully protect the cash supply of RMB. Strengthen the allocation of issuance funds to meet the cash needs of the province's economic and social development. Increase the intensity of the recovery and anti-counterfeiting of RMB that is not suitable for circulation, continue to carry out the rectification of cash refusal and illegal use of RMB patterns, and continuously purify the RMB circulation environment.
Raise the level of the manager's treasury. We should conscientiously carry out the revenue and expenditure business of the state treasury, handle the revenue and expenditure of the general public budget in a timely manner, and organize the issuance of savings treasury bonds. Optimize the process of returning the warehouse, improve the efficiency of the return of the warehouse, help the individual tax reform to improve the quality and efficiency, and handle the individual income tax refund of 502 million yuan for 724,300 taxpayers, so as to ensure that the dividends of the individual tax reform are fully released.
Improve credit reporting management and service systems. In 2020, we will expand the application of the receivables financing service platform, take the lead in forming an online financing chain for the whole process of government procurement in the country, continue to promote the docking of core enterprises and the Zhongzheng platform, and innovate and launch the "refinancing" supply chain accounts receivable and expand the scope of application. In the first quarter of 2021, enterprises in the province reached 127 financing transactions with the help of the Zhongzheng platform, with a financing amount of 9.316 billion yuan. Actively cultivate market-oriented credit reporting institutions, and promote substantial progress in the construction of local credit reporting platforms in Taiyuan City. Strengthen the social service functions of the credit reporting system, and achieve full coverage of the entire province and county by personal credit report inquiry services.
Strengthen the protection of the rights and interests of financial consumers. Take the lead in establishing a regulatory coordination mechanism for the protection of the rights and interests of financial consumers in the province, and a regulatory coordination mechanism for financial advertising governance. Increase the intensity of investigation and handling of illegal financial advertising leads. Strengthen the publicity of the protection of financial consumer rights and interests, jointly with public security, market supervision, banking and insurance regulatory and other departments to carry out financial consumer safety education short video exhibition and performance activities in Shanxi Province, all kinds of videos on WeChat video number and Douyin number played more than 1.7 million, the number of likes exceeded 80,000, received good results. Promote the refinement of 12363 window services, properly handle financial consumer complaints, and have accepted more than 800 financial consumer complaints and consulted more than 11,000 since 2020, all of which have been successfully completed.
Improve foreign exchange management and service levels. Actively promote the pilot work of the cross-border financial blockchain service platform, and continue to expand the scope of the pilot, accurately docking the financing needs of enterprises, and effectively alleviating the financing difficulties of small and medium-sized foreign trade enterprises. It is the first to become a pilot province for the implementation of the centralized management policy of funds in overseas contracting project accounts and the application scenario of the authenticity review of the facilitation of capital project income payment. Solidly promote the pilot project of trade balance facilitation in our province, and the pilot bank has greatly simplified the document review process, saving costs for enterprises and improving the efficiency of cross-border payments.
At present, a new journey of comprehensively building a modern socialist country has begun, and the province is following the golden light avenue guided by General Secretary Xi Jinping to promote high-quality development in the rammed foundation and make solid progress towards the goal of the "14th Five-Year Plan". Forge ahead on a new journey and show new deeds. The Taiyuan Central Branch of the People's Bank of China will always adhere to the original intention and mission of finance for the people, continue to implement the prudent monetary policy in accordance with the decision-making deployment and work requirements of the provincial party committee and the provincial government, do a solid job in the "six stability" and "six guarantees" work, support the "six new" development, prevent and resolve financial risks, maintain the financial stability of the jurisdiction, focus on improving the level of financial services and management, create a good financial ecological environment, and provide strong and effective financial support for our province to promote high-quality development. (Author: Gao Bo, Secretary of the Party Committee and President of taiyuan central branch of Chinese Minmin Bank)
Editor-in-charge: Cheng Hui
Editor: Wang Wenxia (Trainee)
Second instance: Zhao Ning
Final Judgment: Duan Lijun
Source: Forward Magazine, No. 10, 2021