The development of manufacturing industry ushered in a round of financial policy dividends. The reporter learned from many regulatory authorities and a number of financial institutions that the balance of manufacturing loans has grown rapidly this year, especially the medium and long-term loans in the manufacturing industry. In order to better serve manufacturing enterprises, the relevant departments continue to expand the supply of medium – and long-term loans in the manufacturing industry by strengthening the guidance and services in the project application process, guiding banks and other financial institutions to increase project docking efforts, strengthening factor guarantee and supporting services, and enriching the supply of financial products. Related financing support and financial services for manufacturing enterprises, especially private manufacturing enterprises, have been increasing.

Loan balances have risen sharply

Manufacturing industry is the main body of the national economy, its long value chain, strong correlation, driving force, in the modern economic system has a leading and supporting role. The recently held Central Financial Work Conference pointed out that “optimize the structure of capital supply, and use more financial resources to promote scientific and technological innovation, advanced manufacturing, green development and micro, small and medium-sized enterprises.”

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Since the beginning of this year, especially since the second half of the year, many manufacturing medium and long-term loans have grown rapidly. The Anhui Supervision Bureau of the State Financial Supervision and Administration recently disclosed that as of the end of October, the balance of manufacturing loans in the province was 1.06 trillion yuan, and the new manufacturing loans were 206.7 billion yuan, an increase of 24.31% from the beginning of the year. The balance of medium and long-term loans to the manufacturing industry was 502.2 billion yuan, an increase of 147 billion yuan from the beginning of the year, a growth rate of 41.41%. According to the data disclosed by the Guangdong Regulatory Bureau of the State Financial Supervision and Administration, as of the end of September 2023, the balance of manufacturing loans under its jurisdiction was 2.61 trillion yuan, an increase of 20.81% year-on-year, which was 9.49 percentage points higher than the average growth rate of various loans; Medium and long-term loans to the manufacturing industry increased by 34.14% year-on-year, and credit loans to the manufacturing industry increased by 34.25% compared with the beginning of the year, and the credit structure continued to optimize.

The reporter also learned from a number of financial institutions that medium – and long-term loans to the manufacturing industry increased significantly compared with the beginning of the year. As of the end of October, the balance of ICBC’s manufacturing loans exceeded 3.7 trillion yuan, an increase of more than 20%, of which the balance of medium and long-term loans in the manufacturing industry was 1.8 trillion yuan, an increase of 39%; At the end of October, Everbright Bank’s manufacturing loan balance was 466.2 billion yuan, an increase of 72.6 billion yuan or 18.46% compared with the beginning of the year; As of the end of September, Guangfa Bank manufacturing medium and long-term loan balance 99.15 billion yuan, an increase of 31.66 billion yuan from the beginning of the year, an increase of 46.9%.

“As of the end of October, our bank has cooperated with nearly half of the individual champion enterprises in the manufacturing industry identified by the Ministry of Industry and Information Technology, among which more than 300 households have provided credit, and the balance of public loans has exceeded 20 billion yuan, an increase of 20% compared with the beginning of the year.” The person in charge of the relevant departments of Everbright Bank said that Everbright Bank has continuously improved and enhanced its support for advanced manufacturing and strategic emerging industries this year, provided special credit lines, differentiated provision concessions, FTP assessment concessions, introduced a series of support policies such as advanced manufacturing loans to expand the preferential margin, and at the same time, gave priority to supporting the financing needs of the manufacturing industry through a number of policies. We will accelerate the supply of credit and reduce financing costs.