此页面上的内容需要较新版本的 Adobe Flash Player。

获取 Adobe Flash Player

Home
Jiaxing Today  
Located in the northeast of Zhejiang province, Jiaxing city is the hinterland of Hang-Jia-Hu Plain in the Yangtze River Delta. It is between latitude 30°21'and 30°2'north, and longitude between 120°18'and 121°16'east, facing the sea in the east ,leaning on the Qiantang River in the south, bearing on the Tai lake in the north, and connecting with the Tianmu Mountain in the west. The Gran...
Jiaxing Financial Work Focuses on Serving Real Economy
Date :2017-08-25    Resource:

The meeting on further driving financial work to serve real economy was held on August 22, 2017, just following the closing of the national financial work conference. The reporter learns that more efforts on serving the real economy, preventing financial risks and deepening financial reform will be made to strengthen financial capability in serving the real economy, provide strong financial supports for economic, urban and social upgrades and build Jiaxing into a modern network park city with international quality at an early date.  

In order to encourage and guide financial institutions to give more loans to the real economy, and enhance their financial efficiency and quality in serving manufacturing enterprises and sci-tech enterprises in an overall way, Performances Assessment Plan on Jiaxing’s Financial Institutions Serving Real Economy has been issued to guide local financial institutions to focus on their professional work, provide more loans for the real economy, optimize financial resources management, promote financial reform and innovation, and improve the quality and efficiency of financial supply. 

1,000 enterprises will be reformed into joint-stock ones in three years to come.

Finance is the blood of the real economy, and serving the real economy is its duty and aim and a basic measure for financial risks prevention. China now is in the key period of upgrading its economy and shifting its driving forces of economic development. The development of the real economy is in urgent need of good financial environment.

According to BaoYuqiong, director of Jiaxing Finance Office, it is necessary to develop and normalize various capital markets and enlarge direct investment to well serve the real economy. So in recent years direct financing has been put at the most important position to establish a multi-level capital market system with perfect financing functions, solid fundamental systems, effective market monitoring and good protection of investors’ legal profits and interests.

It is reported that Jiaxing had 38 more joint-stock enterprises, four more listed companies and four more enterprises in NEEQ in the first half of this year, making their total numbers up to 513, 48, and 72 respectively. 

Zhuo Weiming, director of Jiaxing Economy and Information Commission, says a three-year action plan has been issued, according to which,1,000 enterprises are to be reformed into joint-stock ones; the numbers of the enterprises ready to go public and the listed enterprises are to total 200 and 80 respectively, and more efforts shall be made to make the number of the latter reach 100.

“In addition, we will endeavor to promote the construction of the financial policy-based guarantee system, strengthen the construction of governmental guarantee companies, provide more supports for the real economy, especially for medium, small and tiny-sized enterprises.” said Zhuo Weiming. How will financial institutions support the real economy? First, they should support the upgrades of local traditional industries and inject new driving forces into those traditional industries to accelerate their upgrades. Second, they should be inspired to support medium, small and tiny-sized enterprises to make them benefit from financial reform bonuses. Third, they should support innovative sci-tech enterprises. Fourth, they should be supported to promote the development of new economy, especially Internet-based economy, smart economy and artificial intelligence industry to speed up Jiaxing’s innovation and upgrades.

  Efforts are to be made to establish “Jiaxing Mode” in sci-tech financial reform and innovation.

In recent years, efforts have been made in Jiaxing in establishing Zhejiang sci-tech financial reform and innovation experiment zone to improve sci-tech financial mechanisms and systems and enhance financial service capability. By the end of this June, sci-tech enterprises’ loan balance totaled 61 billion yuan, 7.5 billion yuan more than that of the beginning of the year, accounting for 13.8% of newly-added bank loans, and sci-tech financial specialized institutions totaled 15, covering all districts, counties and county-level cities under the jurisdiction of Jiaxing.

As the largest state-owned commercial bank in Jiaxing, Jiaxing Branch of Agricultural Bank of China (ABC) is Jiaxing’s sci-tech financial bellwether. At the end of 2013, Jiaxing Branch of ABC established the first sci-tech branch bank in Zhejinag’s agricultural banks and Jiaxing’s banks. This sci-tech branch bank has taken active measures to promote sci-tech financial innovation and development. Currently the sci-tech specialized institutions of agricultural banks have been established in all districts, counties and county-level cities in Jiaxing.

According to Li Meng, secretary of the Party committee of Jiaxing Branch of ABC, this branch bank will make more measures to support the real economy, provide a package of services like acquisition, giving loans and issuing bonds, and serve small and medium-sized enterprises in a more active way to decrease their financing costs.

Meanwhile, supported by the loans, this branch bank has introduced the venture capital of 100 million yuan from the head office of the ABC to Jiaxing to support the development of sci-tech enterprises.

It is said that Jiaxing will issue Jiaxing Action Plan on Deepening the Establishment of Zhejiang Sci-Tech Financial Reform Experimental Zone(2017-2018), according to which more endeavors are to be made to set up sci-tech financial organization systems in all districts, counties and county-level cities of Jiaxing, make the loan balance of sci-tech enterprises up to 80 billion yuan, the sci-tech enterprises in NEEQ total 50, and 50 sci-tech enterprises go public, establish “Jiaxing Mode” in sci-tech financial reform and innovation, and build Jiaxing into one of the second batch of pilot cities in promoting sci-tech and financial integration. (Jiaxing Daily)