21st Century Business Herald reporter Li Yuan, Beijing Report On November 3, the 16th 21st Century Asian Finance Annual Conference was held in Beijing. Zhang Ying, deputy general manager of the Inclusive Finance Department of the Bank of China, said at the roundtable discussion on inclusive finance to help rural revitalization at the "Yu Puhui New Finance China Inclusive Finance Innovation and Development Forum" that in recent years, the Bank of China has resolutely implemented the strategic deployment of the Party Central Committee and the State Council, assumed the mission of the state-owned large bank, and achieved high-quality development of "volume increase, price reduction, area expansion and structural optimization".
As of the end of September, the balance of inclusive financial loans of the Bank of China was nearly 900 billion yuan, with a loan growth rate of 46.8%; the number of loan households was nearly 600,000, an increase of 27.5% over the beginning of the year. At the same time, we will continue to consolidate the results of fee reduction and profit concessions, and the comprehensive financing cost will be stable and decreasing; the structural indicators such as the first loan household, credit loan, medium and long-term loan, and renewal loan proportion of small and micro enterprises will continue to be optimized.
In recent years, inclusive finance has become one of the important businesses of financial institutions, and how to do a good job of inclusive finance is also a manifestation of its own capabilities. Zhang Ying said that the Bank of China has "three cards" for inclusive finance:
The first is the "Tech Card". Bank of China fully serves "specialized, specialized, and new" technology-based small and micro enterprises, and boosts the strategy of strengthening science and technology and building a strong intellectual property country.
Zhang Ying introduced that the Bank of China launched the "Hui Ru Wan • Specialized Special New Loan" service plan this year, carried out the "Hui Ru Wish • Specialized Special New Puhui Bank" marketing campaign, provided more than 110 billion yuan of credit support for more than 14,000 "Specialized Special New" enterprises, and jointly established the "Intellectual Property Financing Innovation Laboratory" with the State Intellectual Property Office, and launched the "Hui Ru Wish • Zhi Hui Loan" product. Last year, the balance of IP pledge loans of the Bank of China reached 7.6 billion, of which inclusive financial loans accounted for 64%. As of the end of June 2021, the current balance of Bank of China's intellectual property pledge financing loans was 8.2 billion. "The numbers are remarkable," Zhang Ying believes.
The second is the "International Card". Bank of China has developed the "BOC e-Enterprise Win" global enterprise ecosystem to integrate into the domestic cycle, domestic and international double cycle, and promote scene marketing. On the "BOC e-Enterprise Win" platform, there is an "online + offline" enterprise ecosystem and a "scene + finance" service model, connecting the three parties of banking, government and enterprises, connecting the domestic and international markets, and providing small and medium-sized enterprises with full-process and integrated integrated services. "BOC e-Enterprise Win" won the first prize of the "2019 Banking Technology Development Award" of Chinese Min min bank.
"At present, this platform has 300,000 High-quality Chinese and foreign enterprises, providing more than 20,000 accurate matchmaking through the platform, achieving 40,000 docking negotiations, and currently has more than 10,000 docking results," Zhang Ying introduced.
The third card is the "Rural Revitalization Card". This year, the Bank of China added the "Rural Revitalization Finance Department" sign to the Inclusive Finance Division to promote the work related to rural revitalization. Improve the organizational structure of rural revitalization of domestic institutions, rationally allocate professional forces, formulate the "Bank of China Action Plan for Assisting Rural Revitalization" and the "Bank of China County Financial Business Development Action Plan", and launch the "Hui Ru Zhi • New Nongtong" and "Hui Ru Wan • Farmland Loan" service plans.
As of the end of September, the balance of china's agriculture-related loans was 1.7 trillion yuan, an increase of 13% over the beginning of the year, higher than the growth rate of the whole year last year; the balance of inclusive agriculture-related loans exceeded 180 billion yuan, an increase of more than 40% over the beginning of the year.
This year is the year when China has won a comprehensive victory in the battle against poverty, and it is also the "first year" for comprehensively promoting rural revitalization. Zhang Ying said that the Bank of China gives full play to the advantages of "one body and two wings" to help promote the strategy of rural revitalization, and the measures have three specific aspects.
First, on the basis of stability, strengthen the inclination of resources and enhance financial supply. Zhang Ying introduced that the Bank of China maintains the overall stability of the existing financial policy, continues to increase credit support and investment in agriculture-related fields, regularly follows up on the release of agriculture-related credit, and tilts the allocation of economic capital, internal fund transfer pricing, and cost arrangements to appropriately tilt agriculture-related fields.
Second, on the basis of stability, optimize the distribution of channels and facilitate financial services, maintain the basic stability of bank branches in rural areas, especially in poverty alleviation areas, and explore the creation of a number of new characteristic branches and outlets for rural revitalization financial services. At the same time, Bank of China also uses BOC Fullerton (Note: Village and Township Banks under Bank of China), which has a rich three-agricultural product system and business outlets throughout key townships to play the combined advantages of "commercial banks + village and township banks".
Third, on the basis of stability, focus on key areas and increase financial support. Maintain the stability of the diversified advantages of the Bank of China Group, promote the linkage and cooperation between commercial banks and comprehensive operating companies, and meet the diversified financial needs of rural revitalization.
"We will focus on the country's food security, rural industrial development, especially the financing support for the seed industry, high-standard farmland construction, grain industry chain and other fields, and also focus on innovative products for key customer groups such as new agricultural business entities, small farmers, and poverty alleviation populations, follow up the construction of national modern agricultural industrial parks, strong towns in the agricultural industry, and advantageous industrial clusters, and dig deep into the business opportunities for the development of the agricultural industry chain." Zhang Ying said.
In addition, Zhang Ying also introduced the achievements and thoughts of Bank of China's financial technology in rural revitalization. Zhang Ying said that China is vast, from north to south, from east to west, each county is different, which determines that state-owned banks to support rural revitalization must also use financial technology.
"Relying on financial technology is not only with a kind of feeling, but also to export financial technology to help the construction of rural financial digital system in order to better help the next step of financial services can keep up and touch." Zhang Ying said that during the "14th Five-Year Plan" period, we firmly believe that we can see that the countryside will definitely become a focus to expand domestic demand, promote consumption stability, and smooth the urban and rural economic cycle.
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