Favorable policies continue to be rolled out

On the one hand, the rapid growth of manufacturing loans reflects the increasing investment demand of enterprises, and on the other hand, it also benefits from the drive of local policies. In order to support the high-quality development of the manufacturing industry, specific policies and measures have been introduced across the country. For example, Chongqing anchors the goal and task of building a national important advanced manufacturing center, deeply promoting new industrialization, and creating a “33618” modern manufacturing cluster system, and the local financial regulatory authorities continue to guide the banking institutions of the district to support the upgrading and development of key manufacturing industries.

Recently, the General Office of the Guangdong Provincial People’s Government issued Several Measures to Reduce Manufacturing Costs and Promote High-quality Development of Manufacturing Industry in Guangdong Province, vigorously promoting the reduction of manufacturing enterprise costs. The financial management department of Guangzhou has issued the Guiding Opinions on Financial Support for the High-quality Development of Guangzhou Manufacturing Industry, further clarifying the key areas of financial service manufacturing industry – focusing on serving Guangzhou’s three emerging pillar industries of new generation information technology, intelligent and new energy vehicles, biomedicine and health. As well as intelligent equipment and robots, rail transit, new energy and energy conservation and environmental protection, new materials and fine chemicals, digital creativity and other five emerging advantageous industries and future frontier industries.

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On November 9, at the Financial Enabling Manufacturing Green Low-carbon Development Promotion Meeting jointly organized by the People’s Bank of Jiangsu Province Branch and the Jiangsu Provincial Department of Industry and Information Technology, the “Jiangsu Province Financial Support Manufacturing Green Transformation Development Action Plan” was released. It is clear that in the next five years, financial institutions in Jiangsu Province will provide no less than 500 billion yuan of new financing to support the green transformation and development of the manufacturing industry, and will separately list 50 billion yuan of reloans and rediscount lines, and specifically guide financial institutions to increase financial support for the green transformation of private small and micro manufacturing enterprises.

The relevant person in charge of the Anhui Supervision Bureau of the State Financial Supervision and Administration said that the Anhui Supervision Bureau actively strengthened policy guidance, promoted the development of the service manufacturing industry as the focus of reform and transformation of the banking and insurance institutions under its control, successively issued guidelines to support the high-quality development of the advanced manufacturing industry, and formulated high-quality development evaluation methods for the service manufacturing industry. Comprehensively improve the quality and efficiency of the high-quality development of the financial service manufacturing industry.

Promoting financial institutions to increase support for the manufacturing industry has become the focus of financial work. Statistics show that the loan structure of the manufacturing industry has continued to optimize since the beginning of this year. By the end of the third quarter, the balance of loans to the manufacturing industry increased by 17.18% year-on-year, of which the balance of medium and long-term loans to the manufacturing industry increased by 34.43%, which strongly promoted the rapid growth of manufacturing investment; At the same time, medium – and long-term loans in the manufacturing sector accounted for 49% of manufacturing loans, an increase of 3.9 percentage points over the end of last year, and the financing structure was further optimized.