Recently, Chenzhou Financial Office released the main indexes of Chenzhou city’s financial operation. The index concerned for the new loans became an eye-catching point: from January to December, 11.495billion yuan new loans were available in Chenzhou city; the loan balance of financial institutes was amounted to 78.036billion yuan with an increase of 15.36%; and the ratios of loan and deposit was 46.44% with an increase of 1.86%.

According to the theory of “Keqiang index”, it indicated that the economic entities were optimistic to the overall development of Chenzhou city.

The financial institutions which followed the “core business law” of avoiding risks kept releasing loans to Chenzhou city powerfully. It indicated the decision makers of financial community were optimistic to Chenzhou city’s economic development.

The price of raw material decreased, but the added value of scaled industries increased

In the end of 2014, 1.087billion yuan short-term loans were increased in Chenzhou city compared the beginning of 2014.

Generally speaking, the short term loans refer to different short term borrowings obtained from banks and other financial institution by the enterprises, which are purposely to be used to keep the normal production and operation.

According to the analysis, the increase of short term loans indicated that the production enterprises of Chenzhou city were with intensified production demands.

Some of the data can help to prove the analysis as well- from January to November, the increase of scaled industries was with a rate of 11.8% in last November, which was 3.5% higher than national average increase and 2.2& higher than Hunan provincial average rate, ranking the third place of Hunan province.

Though under the general background that the price of petroleum, coal and some other raw materials decreased, Chenzhou city’s scaled industries did not just keep reasonable increases but were with higher increasing rate than national and Hunan provincial average increasing level. It indicated that Chenzhou city achieved stage effects on getting rid of resources path and its scaled industries have transferred to development manufacturing from raw material output.

According to the data issued by Chenzhou Economy and Information Commission that from last January to November, the increasing rate of added value of high-tech industries and high processing industries was 42.2% and 24.8% respectively. The strategic emerging industries were improved well that electronic information, new energy, device manufacturing and other strategic industries rose sharply and the added value of strategic emerging industries was higher than traditional mining industries.

The acceleration of urbanization helped to reach constellation effect, “entrepreneurial heat” promoted the development of non-public economy

In the end of 2014, Chenzhou municipal district, Guiyang county, Zixing city, Yizhang county and Rucheng county ranked the top place on the amount of loan balance. As you can see from the list, the loans were mainly fasten on “Chenzigui, Chenyongyi” great cross town cluster and Rucheng, Yizhang, Guiyang and Yongxing county were the counties with rapid increase of loans.

As the gathering place of capitals, people and projects, “Chenzigui, Chenyongyi” great cross town cluster took the leading place on different fields and highlights the “constellation effect” and “siphonic effect” of urban development which attracted more and more economic elements to gather in the area.

Especially from the period that Chenzhou city started to handle the reform of commercial registration, a round of “entrepreneurial heat” spread from great cross town cluster to the whole city.

As you can see from following visual financial data: till the end of 2014, the loan balance for the 19 practicing small loan companies hit 1.279billion yuan; and 923 loans were issued though the whole year with the amount of 1.319billion yuan, most of which were the small loan of about 1million yuan per case.

“Entrepreneurial heat” formed a large number entities of non-public economy. As analyzed and estimated by Chenzhou Economy and Information Commission that till the end of 2014, the non-public economy shared 2/3 of the total economic aggregate of Chenzhou city which was more than half part in earlier days.

Private investment became hotter, people enjoy a better life

From January to December of 2014, the transaction volume of security for the 12 security companies of Chenzhou city hit 133.101billion yuan with an increase of 59.11%. 22,200 accounts were newly opened in 2014 with an increase of 209.79%. The operation revenue was amounted to 161million yuan with an increase rate of 52.95%.

It highly indicated that the private investment centered by ordinary residents became hotter. They did not just satisfy with the investment on housing, store and other real investment, but also pay more attention on some financial products as stock. Especially for the first batch of listed companies as Jingui Silver were available in Chenzhou city, local residents were capable to place investment on some enterprises they are more familiar with. It also indicated that more residents have more spare money to purchase higher living level

One more point that insurance- another important financing product was with leaping development in Chenzhou city. From last January to December, the total premium income hit 3.198billion yuan with an increase of 14.69%. It indicated the private investment was more active in Chenzhou city,

One more visual data: From last January to December, 12.007billion yuan new deposit was available in Chenzhou city, which was 510million yuan less; and the loans of housing fund center was amounted to 953million yuan.
All the data showed that Chenzhou people are enjoying a better life and more willing to consume.