It was learned from People’s Bank of China, Chenzhou Central Branch that till the end of this September, the balance of loans of all financial institutes of Chenzhou City was 106.333billion yuan which is 11.762billion yuan more than 2016. Balance of off-balance sheet financing is 27.498billion yuan, up 8.439billion yuan compared with early this year. The total amount of both two parts is 20.201billion yuan, which helps to provide strong capital supports for the sustainable development of Chenzhou City.

Followed the requirement of the structural reform on supply front, Chenzhou financial institutes tried best to improve financial service, optimize credit and loan structure, and provide more financial supports on key fields and some weak points. Till the end of this September, the refinancing and rediscount for agriculture were amounted to 862million yuan and the central bank additional mortgage loans were accumulated to 4.95billion yuan, which granted the financial institutes with large amount of cheap capitals. 469 financial poverty alleviation service stations were established in some poverty-stricken villages, and 100.3million yuan small credit loans were issued there, benefiting 24,4000 poor families. In the meantime, 586million yuan loans were issued to 216 real economic entities, benefiting 14,500 poor families.

Furthermore, concerned for the support on transformation and upgrading of traditional industries, real economic development, and well-being, 273million yuan new financings were placed to non-ferrous metals industry, 66.8% of which were for leading enterprise. 9.073billion yuan new loans were issued to agricultural industry, up 11.74%, 9.923billion yuan new loans were issued to small and micro enterprises, up 218.19%, and 5.339billion yuan new loans were to real estate industry, 4.218billion yuan of which is for individual housing loans.

The banking institutions also tried best to decrease the financing cost of the enterprises. Till the end of this September, the benchmark loan rate for one-year term loans was 1.25% lower, which can help to save 1.329billion yuan financing costs. It also helped to replace local government debts with the amount of 2.847billion yuan, saving 100million yuan financial costs for the enterprises in one year.