Banking and insurance institutions in Jiangsu focused on relatively weak groups and effective credit demand in the first half of this year and adopted comprehensive measures and targeted efforts to alleviate the financing difficulties of private small and micro enterprises so as to serve rural revitalization and help with poverty alleviation.
According to the latest data, as of the end of June this year, corporate banking institutions in Jiangsu had granted 507.074 billion yuan of inclusive loans for small and micro enterprises, an increase of 11.94% compared with the beginning of the year, which was 2.59 percentage points higher than that of various loans. The number of inclusive small and micro enterprise loans was 695,000, an increase of 65,600 from the beginning of the year.
The average interest rate of inclusive small and micro enterprise loans issued by corporate banking institutions in the first half of the year was 6.92%, a decrease of 24 basis points from 2018.
Zhu Houzhi, an official with the provincial agency of national banking and insurance regulatory commission
The China Banking and Insurance Regulatory Commission decided to conduct pilot work in five provinces and cities. The Jiangsu Banking Regulatory Bureau is also one of the pilot units. Through the online and offline docking with enterprises to meet the financing needs, find the point of integration with the needs of enterprises, and more accurately serve the enterprises.
As of the end of June, banking institutions in Jiangsu Province had granted 3.45 trillion yuan of agricultural loans, an increase of 6.66% compared with the beginning of the year. The balance of agricultural loans granted by corporate banking institutions was 1.02 trillion yuan, an increase of 70.59 billion yuan from the beginning of the year.
In the first half of the year, Jiangsu's banking and insurance industries actively integrated financial poverty alleviation forces, promoted financial poverty alleviation models and product innovations, and focused on solving the difficulties of financial poverty alleviation policies, continuing to accelerate the pace of financial support for poverty alleviation.
As of the end of June, the province's banking institutions had granted 2.208 billion yuan of small poverty alleviation loan, benefiting 80,000 households of low-income farmers. In the first half of the year, the balance of student loans was 2.26 billion yuan, supporting 110,000 students. Insurance companies provide 3.275 billion yuan of compensation, supporting 104,300 low-income people.
（source：ourjiangsu.com）
