Southeast Net reported on September 20 (our reporter Ye Fuguo) On September 19, the state’s on-site meeting to expand medium- and long-term loans to the manufacturing industry in the third quarter was held in Ningde. More than 200 people attended the meeting, including heads of development and reform commissions from various provinces, regions, cities and Xinjiang Corps, heads of leading departments of 21 national financial institutions, and heads of representative manufacturing companies.
An on-site meeting was held to expand the supply of medium- and long-term loans to the manufacturing industry in the third quarter.Photo courtesy Wang Zhiling
At the meeting, relevant persons in charge of the Department of Finance and Economics of the National Development and Reform Commission, the People’s Bank of China, and the State Administration of Financial Supervision spoke; the development and reform commissions of Fujian, Jiangsu, Gansu, Jiangxi and other provinces, as well as financial institutions such as Industrial Bank, Industrial and Commercial Bank of China, and Agricultural Development Bank, as well as manufacturing Representatives of industrial enterprises made exchange speeches.
An on-site meeting on the country’s expansion of medium- and long-term loans to the manufacturing industry in the third quarter was held. Chen Hongwan, director of the Finance Department of the National Development and Reform Commission, delivered a speech.Photo courtesy Wang Zhiling
Zhang Wenyang, member of the Party Leadership Group and Deputy Director of the Fujian Provincial Development and Reform Commission, said that Fujian Province attaches great importance to private enterprises and manufacturing financing services and continues to expand medium and long-term loans to the manufacturing industry. Since the launch of the expansion of medium- and long-term loans to the manufacturing industry in September last year, the government and the market have actively played the role of both the government and the market to promote the strengthening of factor guarantees, speed up the early stage of projects, and make every effort to promote project applications.
According to statistics, Fujian Province has submitted a total of 904 projects in 13 batches, with a total investment of 945.492 billion yuan and a financing demand of 518.525 billion yuan. Among them, 520 projects have been reviewed and approved by the National Development and Reform Commission, with a total project investment of 442.622 billion yuan and a financing requirement of 257.074 billion yuan. Up to now, a total of 255 projects have been docked and 179 projects have been signed. The overall completion rate of contract signing is 70.2%. The contracted loan amount is 60.185 billion yuan and 21.979 billion yuan has been invested.
Zhang Wenyang said that Fujian Province will take this on-site meeting as an opportunity to fully implement the strategy of strengthening the province with private economy in the new era, continue to expand medium- and long-term loans to the manufacturing industry, and strive to promote high-quality development.
Zhang Yongning, Deputy Secretary of the Ningde Municipal Party Committee and Mayor, delivered a speech.Photo courtesy of Lin Ding
“Currently, Ningde is working hard to build a national and even global new energy and new material industry concentration zone. It has excellent leading industries, high investment intensity, and large capital needs. This also provides a broad market for financial institutions.” Zhang Yongning, mayor of Ningde Municipal Government, said, Next, Ningde will take this on-site meeting as an opportunity to seriously learn from the good experiences and practices of various places, strengthen communication and exchanges with major financial institutions, deepen the connection between government, banks and enterprises, achieve more cooperation in wider areas and deeper levels, and promote financial Develop hand in hand with the manufacturing industry for mutual benefit and win-win results, helping to write a good “Ningde Chapter”.
In recent years, the average annual added value of Ningde’s four leading industries, lithium battery new energy, new energy vehicles, stainless steel, and copper materials, has maintained an average annual growth rate of more than 30%, supporting the growth rate of industrial added value above designated size for five consecutive years and ranking first in Fujian Province and GDP growth. Ranking first in the province for four consecutive years, Ningde City’s comprehensive strength has been promoted to the top 100 cities in China.
The “deep roots and flourishing” of manufacturing industry must rely on finance to “relax the muscles and activate blood circulation”. Ningde City insists on the government and banks to work together to empower the high-quality development of the manufacturing industry, successfully completes the task of building a national inclusive financial reform pilot zone, implements special financing actions in depth, establishes a special class for financing, and promotes precise docking between government, banks and enterprises on a regular basis. The average annual growth rate of manufacturing loans in the past five years has reached more than 40%.
Since the beginning of this year, manufacturing loans in Ningde City have reached 73.706 billion yuan, a year-on-year increase of 60.3%, and medium- and long-term manufacturing loans have reached 47.279 billion yuan, a year-on-year increase of 47.8%. With the support of the National Development and Reform Commission, 21 medium- and long-term loan projects in Ningde City passed review this year, with a total financing demand of 4.041 billion yuan, effectively promoting industrial transformation and upgrading, maintaining the safety and stability of the industrial chain and supply chain, and helping the economy and society continue to develop well.
The meeting was hosted by the Finance Department of the National Development and Reform Commission and hosted by the Fujian Provincial Development and Reform Commission and the Ningde Municipal People’s Government. In the afternoon of the same day, the participants were divided into two groups and conducted in-depth on-site research at CATL, SAIC CATL, Qingtuo Group and other companies.
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