Yanbian takes multiple measures to boost high-quality economic development with excellent financial services

2021-04-18    JL.gov

In 2020, Yanbian Korean autonomous prefecture set up a long-term mechanism for "stabilizing finance", increased support for bank-enterprise docking and implemented national special monetary and credit policies. Yanbian's financial institutions verified 929 enterprises through the provincial financing application system for micro and small-sized businesses and successfully made 369 loans with an amount of 1.134 billion yuan. The number and amount of loans ranked first and second among all cities in the province. Yanbian financing service platform attracted 43 financial institutions, released 218 financial products and registered 43,531 business members.
Yanbian branches of Agricultural Bank of China, Bank of China and Postal Savings Bank of China issued 86 million yuan of low-interest loans supported by 300-billion-yuan re-landing policy to 10 key enterprises listed in the national list, ranking the top three in the province.
Last year, Yanbian provided policy funds of 2.118 billion yuan via re-lending and rediscounting, ranking first in all cities (prefectures) in the province. The balance of all loans in the prefecture reached 118.884 billion yuan, an increase of 5.56 percent over the beginning of the year.