Huai'an financial business environment is being optimized to support the development of the city's real economy.
Accordingly, the rapid growth of financial institution loans has been achieved. As of the end of January, the city's local and foreign currency loan balance has reached 575.511 billion yuan, an increase of 17.26%. Financial support for the real economy has been growing.
Secondly, strong support has been provided for key areas. Financial institutions are actively guided to increase credit investment in manufacturing, small and micro enterprises. At the end of January, the city’s manufacturing loans grew 19.69% year-on-year, and small and micro enterprise loans rose 19.46%. Both rates are higher than the average.
Thirdly, remarkable results have been achieved by local financial organizations in supporting agriculture and small businesses. By the end of January, local financial organizations, such as microcredit companies, financial guarantee companies and pawnbrokers, have provided 19.285 billion yuan of financing services for various market players, a year-on-year growth of 23.28%.
Fourthly, the comprehensive financial services platform has been further enhanced. As of February 21, the platform registered 71,296 corporate users, accessed to 58 financial institutions, and put online 364 special financial products. In total, it has newly solved the corporate financing needs of 1.085 billion yuan this year.
