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Original title: Where did the money go? ——From “Qian Jing” to see the pulse of China’s economy
Xinhua News Agency, Beijing, December 16 Question: Where did the money go? ——From “Qian Jing” to see the pulse of China’s economy
Reporters from the Xinhua News Agency Wu Yu and Yao Junfang
Businesses cannot do “small businesses” without money and residents need money to live a “little life.” This year, China’s RMB loans are expected to rise by nearly 20 trillion yuan. Among them, which field is the most “gold absorbing”, what exit is coming, what type of company is favored, which has a good life … Capturing the flow of funds and understanding the “money scene” you can observe the pulse of China’s economy.
On December 9, at the Beijing Zhongxin Pharmaceutical Co., Ltd. pharmaceutical packaging workshop, several workers were busy working on the production line. In the initial stage of the epidemic, due to the poor financing chain, this national high-tech company had difficulty resuming work, and cold machinery and equipment were “eating dust” in the suspended workshop.
“If a few months ago, I could only talk to you about ‘money shortage’, how dare I talk about ‘prospects’,” Yan Yunfei, deputy general manager of Zhongxin Pharmaceutical, told reporters that thanks to the timely provision of bank of a loan of 3 million yuan, The urgent need for enterprises. With the backing of the loan, the company will soon resume production and sales, and is expected to achieve sales growth of close to 15% throughout the year.
The economy has been affected and finances are gaining momentum. Since the beginning of this year, a series of financial policies have been introduced to respond to the epidemic and support the real economy, and the role of monetary and credit policies has become prominent:
In the first 11 months, new RMB loans exceeded 18 trillion yuan, exceeding last year’s level; since March, the growth rate of broad money M2 has remained above 10% for 9 consecutive months; In the first 10 months, the financial system Profit distribution is about 1.25 trillion yuan, and it is estimated that the profit distribution target of 1.5 trillion yuan will be achieved throughout the year …
These “trillion” figures are not “overwhelming flood irrigation” but through a series of “precise drip irrigation” measures and the introduction of direct tools to provide strong support to key areas and weak links in the economy. national.
Where are the new loans exceeding 18 trillion yuan invested? Most of it is invested in companies. Statistics show that in the first 11 months, China’s corporate loans have increased by nearly 12 trillion yuan.
Among these, which areas are favored by the major financial institutions? Advanced manufacturing can compete with new infrastructure. As of the end of September, manufacturing loans had increased by 2 trillion yuan since the beginning of the year, which is 2.6 times the increase from all of last year. In particular, high-tech manufacturing is the focus of the “struggles” of several banks.
In the past, real estate loans, which banks considered “nice and nice,” are no longer in vogue right now, and their growth rate has slowed for more than 20 consecutive months.
Business development needs more than short-term liquidity. For companies with long-term plans, long-term funds can generate more growth in the future. In November, enterprises (institutions) increased medium and long-term loans of 588.7 billion yuan, an increase of 168.1 billion yuan from the same period last year.
Since the beginning of this year, the proportion of medium and long-term loans to companies has continued to increase, accounting for 60 to 70% of all new loans. “More long-term funds are raised, which can better stabilize business confidence. Increased medium and long-term loans are conducive to economic recovery and higher growth,” said Ruan Jianhong, director of the Department of Surveys and Statistics. of the People’s Bank of China.
Not only large companies that are pillars of the industry, but also small and micro companies such as “capillaries” are getting loans. Not only are they an important source of economic vitality, but they are also closely related to the good life of people who “eat, eat” and “buy, buy, buy.”
“The company was established 11 years ago and obtained the first loan this year,” said Liu Baoze, president of Beijing Jiuzhou Hanbang Logistics Co., Ltd. Due to the lack of traditional guarantees, such as real estate, this company has been repeatedly ” behind closed doors “on loan applications.
Support small and micro businesses to “break the ice” from the first loan! Since the beginning of this year, financial regulators have required financial institutions to increase the “first loan rate” for small and micro businesses. Inclusive financial evaluation has continued to increase. “First Loan Service Centers” and “First Loan Growing Actions” have sprung up nationwide …
In the first seven months of this year, more than 1.6 million small and micro enterprises received their first loans from financial institutions, representing 16% of new inclusive loans for small and micro enterprises.
Finance is like a bloodline: it is necessary to overcome the blockages and unblock the network in time to make the financial “blood supply” really powerful and stimulate the vitality of the Chinese economy. Difficulty in the first loan, lack of guarantees, asymmetry of information … Departments and financial institutions are trying to solve the “blockages” that small and micro-enterprises face in financing.
Relying on taxes, accounts, invention patents and other information to accurately “represent” companies; “Cucumber loan”, “greenhouse loan” and “ramen loan” have been successively launched special bespoke loans, “talent loan”, “women’s credit loan” and other products. It is exploring to solve the concerns of different entrepreneurial groups …
At the end of September, financing for small and micro-enterprises nationwide increased by 3 trillion yuan, an increase of 1.2 trillion yuan year-on-year; 31.28 million small and micro businesses were supported, an interannual increase of 21.8%.
If you get a loan, it has to be low cost.
“The loan amount increased from 1.3 million yuan to 3 million yuan, but the interest rate decreased from about 5% to 3.85%. This year, the interest rate alone saved around 30,000 yuan, “Wang Xiaojie, CEO of Beijing Zehaotian Technology Development Co., Ltd., told reporters.
Behind the decline in financing costs is the advance of interest rate market reforms and policy orientation. As the main reference for new loans issued by banks, the quoted interest rate (LPR) of the loan market has fallen twice this year. The current 1-year and 5-year LPRs are 0.3 and 0.15 percentage points lower than December last year, respectively.
In fact, not only are companies enjoying the funding swings of “rising volumes and falling prices,” many people are inadvertently becoming an important part of the “money scene.”
After experiencing the epidemic, Mr. Wang from Beijing City pays more and more attention to health. You used a credit card to buy a treadmill online in installments. “The treadmill worth about 4,000 yuan is divided into 12 phases, and it is distributed evenly at about ten yuan per day, which is very profitable for health.”
Precisely due to the presence of many “potential stocks” of consumers like Mr. Wang, more and more financial institutions are vigorously developing consumer finance. This can be seen in the semi-annual and quarterly reports of the major banks this year. Personal consumer credit from banks such as China Construction Bank, Agricultural Bank of China, China Merchants Bank and Postal Savings Bank of China has been “crushed.”
Each loan “breaks the ice”, opens one block at a time and each company receives a continuous financial “supply”. The “troika” that fuels China’s economic growth has started steadily and growing stronger in financial “fuel.” .
“The financial support has given us confidence in development. Next year, we will accelerate the development and implementation of new products and accelerate the transformation to a modern, intelligent and professional advanced pharmaceutical company.” General Manager Yan Yunfei spoke about the “prospects” of the company …
