Since this year, Huai'an financial system has given full play to its role in serving the real economy, and taken multiple measures to support enterprises to resume work and production.

Firstly, the loans of financial institutions have been grown rapidly. By the end of January, the city's loan balance was RMB489.483 billion, an increase of 22% year-on-year, providing ample financial support for the enterprises' resumption.

Secondly, the system has played a directing role with structural monetary policies. Banking and financial institutions have been actively guided to tilt their credit resources towards major industries and key enterprises, and to increase credit investment in the manufacturing sector. The city's manufacturing loan balance at the end of January was RMB29.671 billion, up 10.9% year-on-year, injecting effective credit funds for the development of Huai'an real economy.

Thirdly, it has helped actively reduce the comprehensive financing costs of enterprises. A series of measures have been introduced since 2020 to explicitly require banking institutions to reduce the interest rate on loans by more than 10% for the small, medium and micro enterprises with financial difficulties caused by the epidemic. In January, on the basis of last year's sharp decline, the average interest rate of enterprise loans issued fell another 34.59 basis points.

Fourthly, the function of the integrated financial service platform has been brought into play. As of February 23, this service platform has 45,495 corporate users registered, 270 special financial products online, as well as the access to 50 financial institutions. In 2021, enterprises' financing needs of 320 million yuan have been newly solved in the city.