Recently, Hubei Provincial People’s Government released a notification to recognize organizations with outstanding contributions to financial support for economic development in Hubei in 2023, and selected “cities and prefectures with outstanding contributions” for the first time. Only three cities within the province, namely Yichang, Jingzhou, and Huanggang, were included.

There was improvement in credit extension. In 2023, Jingzhou’s deposit and loan ranked among the top list in Hubei Province with the largest growth of deposit and loan balances, including the new credits amount exceeding RMB300 billion, and the new loans amount exceeding RMB40 billion. Aill structural indicators of loans were better than planned in the annual tasks; and the new deposit-to-loan ratio increased to 72.9%, up by 11.9% from 2022, indicating more efficient allocation of financial resources.

There were plentiful achievements in the development of the capital market. In 2023, Hubei Jianghan New Materials Co., Ltd. and Aerospace Nanhu went public, and the registration address of Guanfu Holding Co., Ltd. was transferred to Jingzhou. There were 12 listed companies in Jingzhou, ranking fourth in Hubei Province; 32 selected as provincial “Golden Seed” companies; 48 selected as provincial “Silver Seed” companies. Significant progress was achieved in the development of the multi-level capital market.

There were rigorous efforts to crack down on illegal fund-raising. In 2023, Jingzhou made progress according to objectives, closed account in a targeted manner, and ensured clearer assignment of responsibilities. The number of illegal fund-raising cases dropped to three, and there were no new cases for two consecutive years. There were also efforts to prevent illegal fund-raising through regular publicity, targeted investigation, targeted early warning, and the financial ecosystem.

There was consistently better performance in financing guarantees. In 2023, Jingzhou maintained leadership in the expansion of new government-bank guarantees. There was a new government-bank re-guarantee of RMB3.807 billion, the third largest in the province; a new agricultural government-bank guarantee of RMB612 million, the third largest in the province; and a technology guarantee of RMB1.712 billion, the second largest in the province. The “first loan guarantee” and the new “government-bank guarantee” led to the establishment of pilot zones for the optimization of business environment. In the business environment assessment, Jingzhou ranked third in the province, up by eight places from the previous year.

In 2024, Jingzhou will fully implement the guiding principle of the Central Financial Work Conference and the Central Economic Work Conference, pay close attention to credit extension, the development of the multi-level capital market, supervision over local financial organizations and financial risk prevention according to the development of financial service providers, and contribute Jingzhou’s financial power to the practice of Chinese modernization in Hubei Province.