East China’s Jiangsu province has made unremitting efforts to ease financial pressure for local enterprises by strengthening trans-departmental cooperation in a bid to fulfill this year’s goal for social and economic development.
In the first half of the year, the province’s banking industry handled 156.564 billion yuan in deferred loan repayment for 45.4 thousand enterprises.
The financial institutions also handled the deferred payment of 1.381 billion yuan in loan interest and reduced and exempted service charges of 1.105 billion yuan for 7596 enterprises.
As of the end of June, 15.4 thousand companies had obtained loans of 56.79 billion yuan through the preferential policies, with an average interest rate of 4.74%.
In support of the development of the real economy, the province’s credit growth reported sustained growth against the adversities in the first half of the year with the balance of various loans increasing by 2.1 trillion yuan from the same period of last year, a year-on-year increase of 16.6%.
The province's insurance industry provided a total of 198.31 trillion yuan of insurance guarantee, a year-on-year increase of 43.82%.
New loans for major projects in the field of infrastructure construction reached 485.9 billion yuan, exceeding the annual increase last year and a growth of 213.1 billion yuan year-on-year.
568.9 thousand small and micro private enterprises have benefited from the preferential policies, and 26.3 thousand enterprises have been granted 62.035 billion yuan in credit loans, effectively promoting the resumption of work and production for small and micro enterprises and self-employed businesses.
(Source:ourjiangsu.com)
