According to the Municipal Local Financial Bureau, the balance of domesticand foreign currency deposits in the financial institutions of our city hasreached 336.5 billion yuan and the loan balance has reached 171.9 billion yuanin January and February this year, which marks the total amount, increment andgrowth rate have ranked the top all over the province.

According to the data, as of the end of February, the balance of local andforeign currency deposits in financial institutions of the city has increasedby 20.4 billion yuan compared with the beginning of this year at a year-on-yeargrowth rate of 9.87%; the balance of loans has increased by 10.07 billion yuanat the growth rate of 18.19%. The balance loan-to-deposit ratio in financialinstitutions of the city has reached 51.2% at the growth rate of 49%. 

Financial assistance to small and micro enterprises has shown the effect.As of the end of February, the balance of loans for small and micro enterpriseshas reached 49.5 billion yuan with an increase of 2.36 billion yuan comparedwith the beginning of the year; the loan companies have reached 3,888, anincrease of 668 ones compared with the beginning of the year at the expansionrate of 20.7%. Meanwhile, the financing cost of small and micro enterprises hasdropped to 5.73. %, about 8 basis points lower compared with the beginning ofthe year. 

Direct financing in the capital market. From January to February, themedium, small and micro enterprises in the city have completed equity pledgeand the investment of equity and debt has reached 173 million yuan in total; fourspecial funds of Jingzhou Industrial Funds have been invested on 16 projects witha total amount of 1.031 billion yuan.

To meet capital needs by multi-channel financing. At present, insuranceinstitutions have provided loans of 40 million yuan to eight companies. Carryout the first (set) insurance for innovative products, the applicationinsurance for first application of new materials, etc., which have provided 750million yuan of risk guarantee for 5 enterprises; carry out short-term exporttrade credit insurance to provide 50 million dollars of risk guarantee for 3export enterprises.

Government enhances credit to help enterprise with financing. In the pasttwo months, the municipal financial department has handled 23 bridge loans of173 million yuan in total for 21 enterprises, and the balance of 10 “guaranteedloans” was 43.67 million yuan, the incremental amount of nine “New AgriculturalLoans” was 22.3 million yuan; the Dazheng Investment Guarantee Company issuedguarantees for 122 enterprises with a balance of 636 million yuan, including 31new enterprises with incremental amount of 120 million yuan. 

Moreover, the disposal of non-performing loans in the city is alsocontinuously pushed forward. As of the end of February, a total of 250 millionyuan of non-performing loans have been disposed in our city.