Huai'an China News and Events
Significant Achievements Made in Key Areas with Huai'an Financial Support

Since this year, Huai'an has strengthened its financial service and achieved remarkable results with financial support in key areas.

First of all, the development of Huai'an manufacturing industry has been ensured. The annual loan target of municipal banks in manufactory has been clarified, and their credits have been monitored and reported on a monthly basis. As of the end of September, the loan balance of Huai'an banks for the industry has reached 29.719 billion yuan, an increase of 2.141 billion yuan over the beginning of the year, with a year-on-year growth of 7.97%.

Next, the financing docking of major projects has been made. According to the annual investment plan of 220 major projects by the municipal government, the docking between banks and project construction units has been promoted. At present, the financing docking of major projects is 59.447 billion yuan, of which 27.994 billion yuan has been launched and approved to be launched.

Thirdly, the revitalization of rural financial services has been advanced. Huai'an Government and Jiangsu Provincial Agricultural Bank have signed a 50-billion-yuan cooperation agreement on "Rural Revitalization Strategy in Financial Services". The Municipal Agricultural Development Bank has started 49 projects to improve the housing conditions in rural areas, with a total amount of 16.43 billion yuan. By the end of September, the balance of agricultural loans in the city was 163.892 billion yuan, an increase of 25.342 billion yuan over the beginning of the year, with a year-on-year growth of 21.31%.

Also, the docking and cooperation between banks and enterprises has been further encouraged. Activities of "monthly research service in enterprises" have been organized, by visiting the enterprises to be listed and foreign trade enterprises in the city, grasping the implementation of financial policies, and helping enterprises solve problems. Meanwhile, Huai'an has organized and held the financing promotion meeting for major projects of SME, with contracts signed between 20 banks and enterprises on site. Other meetings such as the promotion of China Construction Bank's financial products and Huaxia Bank's financial supports for real economy all have provided the docking platforms for banks and enterprises in the city.