Yingshan, Sichuan: Financial Empowerment Innovation Bureau's Credit Navigation Leads to a Successful Start

As one of the 39 underdeveloped counties in the province that provide bottom line assistance, Yingshan County in Nanchong City, Sichuan Province, is based on the actual development of the county and relies on the advantage of the deputy county chief of finance being dispatched to provide assistance. It deeply cultivates the main business of financial services for the real economy, makes precise efforts, collaborates to tackle challenges, and fully promotes the improvement of credit quality and efficiency. Since the beginning of this year, the entire county has thoroughly implemented the spirit of the Central, Provincial, and Municipal Financial Work Conferences, closely followed the central work deployment of the county party committee and government, anchored the "good start" goal of credit disbursement in the first quarter, coordinated the financial system of the county to unite forces and implement precise policies, continuously improved the quality and efficiency of financial services, and injected strong financial vitality into the high-quality development of the county economy.

In the first quarter, the financial work of the entire county delivered impressive results, with new loans of 2.159 billion yuan, a year-on-year increase of 6.63%, exceeding the total amount of new loans for the whole year of last year, achieving a steady increase in credit volume and precise and efficient financial empowerment. This effectively activated the financial engine for the economic development of underdeveloped counties and laid a solid financial foundation for Yingshan to catch up and improve its quality.

Precision drip irrigation improves quality and efficiency, providing stronger confidence for the development of the real economy

Focusing on the key areas and weak links of county-level development, Yingshan County continues to optimize its credit structure, promote the precise sinking of financial resources, achieve the triple breakthrough of "total volume expansion, structural optimization, and cost reduction", and comprehensively empower the development of the real economy.

Financial support for rural revitalization continues to strengthen. Focusing on core tasks such as spring plowing preparation, food security, and the development of characteristic agriculture, we will make every effort to promote the expansion and increase of agricultural loans. In the first quarter, the county's agricultural loans increased by 1.684 billion yuan, a year-on-year increase of 12.50%. Various financial institutions have launched targeted special financial services for spring plowing and preparation, with a total of 84 million yuan in special loans, benefiting 1878 households and new agricultural operators, fully guaranteeing the procurement needs of seeds, fertilizers, agricultural machinery and other agricultural materials, and building a solid financial guarantee network for the county's stable and increased grain production, as well as improving the quality and efficiency of characteristic agriculture, consolidating the foundation of rural revitalization industry.

The effectiveness of inclusive finance in relieving difficulties and reducing burdens has been highlighted. Focusing on the financing difficulties faced by market entities such as small and micro enterprises and individual businesses, we will thoroughly implement a package of policies to stabilize the economy, and promote the increase, expansion, and price reduction of inclusive small and micro loans. In the first quarter, the county's inclusive small and micro loans increased by 552 million yuan, a year-on-year increase of 17.62%, and 94 new first-time loan households were added; The weighted average interest rate for loans to small and micro enterprises has dropped to 3.29%, a decrease of 9 basis points compared to the same period last year, accurately addressing financing pain points, reducing financing costs, effectively stimulating the endogenous driving force of market entities, and assisting the steady development of the private economy and small and micro enterprises.

The momentum of industrial transformation and upgrading continues to accumulate. Adhering closely to the development strategy of a strong industrial county and the layout of key industries, guide financial resources to tilt towards manufacturing, high-tech industries, and upstream and downstream enterprises in the industrial chain. In the first quarter, the county's manufacturing loans increased by 320 million yuan, a year-on-year increase of 38.27%. The increment of manufacturing loans accounted for 14.82% of all loan increments, providing sufficient financial support for enterprise technological transformation and capacity expansion, industrial transformation and upgrading, and industrial chain extension and supplementation, promoting the continuous optimization and upgrading of the county's industrial structure.

Collaborative efforts to overcome challenges, aggregate strength, and improve the financial service guarantee system

With the coordination and coordination of the Deputy County Mayor of Finance as the link, Yingshan County has established a deep collaborative work mechanism between government, banks, and enterprises. Through product innovation, service efficiency improvement, and cost reduction and benefit measures, the quality and efficiency of financial services have been comprehensively improved, providing strong support for the "good start" of credit investment.

Innovate financial products to solve financing difficulties. Based on the characteristics of county-level industries and the financing needs of market entities, we will guide financial institutions throughout the county to increase their innovation efforts in credit products. We have launched 57 low threshold, pure credit characteristic credit products such as "Business e-Loan" and "Science and Technology Innovation Loan", with a total loan amount of 2.024 billion yuan, of which credit products account for 93.75%. This effectively solves the financing difficulties of agricultural entities and small and micro enterprises lacking collateral and guarantees, and makes financial services more in line with the actual development of the county.

Optimize service processes to enhance financing convenience. Deepen the reform of the credit approval process, fully implement the parallel operation and parallel approval mode, integrate the whole process of pre loan investigation, review and approval, and loan review, simplify the loan application materials, compress the processing time limit, shorten the average loan approval and loan granting time of inclusive small and micro enterprises to 5 working days, truly achieve "more data and less business", and continue to optimize the county financing and business environment.

Implementing fee reduction and profit sharing demonstrates the warmth of finance. Strictly implement the national policy of reducing fees and benefits, fully implement the requirement of "exempting as much as possible and reducing as much as possible" for service fees for small and micro enterprises, and actively bear the business expenses of mortgage registration. In the first quarter, a total of 7.1598 million yuan of service fees were waived for market entities, and practical financial measures were taken to relieve difficulties for market entities and practice the people-oriented nature of financial work.

Seize the opportunity and make further efforts to empower financial development, with a more resolute pace

Start with a sprint and strive forward at the right time. Next, Yingshan County will continue to focus on the requirements of providing bottom line assistance to underdeveloped counties, firmly grasp the fundamental purpose of financial services for the real economy, consolidate and expand the achievements of the credit "good start", continue to work hard and achieve long-term results, and promote the financial work of the whole county to a new level.

Continuously improving the normalized docking mechanism between government, banks, and enterprises, accurately matching the financing needs of key projects, industries, and groups, and promoting steady growth in credit allocation; Continuously optimizing the credit structure, increasing financial support for rural revitalization, manufacturing, inclusive small and micro enterprises, technological innovation, green development and other fields, and promoting the deep integration of financial resources with county-level development; Continuously deepen financial reform and innovation, continuously optimize the financial business environment, simplify approval processes, reduce comprehensive financing costs, and enhance the coverage and accessibility of financial services; At the same time, we will firmly hold the bottom line of financial risk prevention and control, improve risk monitoring, early warning, and disposal mechanisms, urge financial institutions to operate in compliance and lend prudently, resolutely safeguard the bottom line of preventing systemic and regional financial risks, and use high-quality financial services to help Yingshan County take the lead in providing bottom line assistance in underdeveloped counties, and fully write a new chapter in the high-quality development of the county economy. (Peng Chuanheng, Guo Ming, Li Yuanhong)