The growth rate of medium – and long-term loans in the manufacturing sector still has room for improvement

The government work report proposed a substantial increase in medium – and long-term loans to the manufacturing sector. Recently, the “Investment Express” reporter learned that as of the end of April 2020, the T1032-07C balance of Minsheng Bank’s manufacturing loans to the public was 291.9 billion yuan, an increase of 25 billion yuan from the beginning of the year; The balance of medium – and long-term public loans to the manufacturing industry was 115 billion yuan, an increase of 7.9 billion yuan from the beginning of the year. “Judging from the first four months, the loan issuance of the manufacturing industry has started well and maintained a good growth trend.” The person in charge of Minsheng Bank said that the growth rate of medium and long-term loans to the manufacturing industry is still relatively slow, and it is necessary to increase and accelerate medium and long-term loan support.

T1032-07C

On May 25, Minsheng Bank issued the Notice on Further Accelerating the Medium and Long-Term Loan issuance in the Manufacturing Industry, requiring the whole bank to accelerate the credit issuance and comprehensive financial services for high-quality manufacturing enterprises, and strive to achieve the annual growth target of 25% for medium and long-term loan growth in the manufacturing industry. To this end, Minsheng Bank will guide the stock improvement and incremental expansion of operating institutions through the establishment of green channels, the implementation of process optimization, and the strengthening of T1032-07C product empowerment, and constantly improve and enhance the level of financial services in the manufacturing industry.

“To support the high-quality development of the manufacturing industry and unswervingly build a manufacturing power, financial institutions are duty-bound.” The relevant person in charge of Minsheng Bank said that the bank will further improve the political position, strengthen the customer-centric business philosophy, deeply explore the needs of manufacturing customers, improve the long-term working mechanism of the financial service manufacturing industry “willing to lend, dare to lend, and will lend”, and effectively improve the quality and efficiency of the high-quality development of the financial service manufacturing industry.

“There is still room for improvement in the growth rate of medium – and long-term loans to the manufacturing industry.” Wang Yifeng believes that in terms of industry investment, the differentiation of manufacturing credit is still obvious, the credit boom of traditional manufacturing industry is relatively insufficient, and the credit growth of manufacturing industry in the early stage is mainly concentrated in the daily necessities industry represented by agricultural and sideline food processing and food manufacturing, pharmaceutical manufacturing, chemical fiber, medical equipment and other anti-epidemic materials manufacturing and computer and communication equipment and other high-tech manufacturing. It is expected that the credit of high-tech manufacturing industry of computer and communication equipment will maintain rapid growth in the next stage.