Dazhong reporter Xu Hao reported from Weifang.
In the silicon industry base of Xi'an High-tech Zone, a leading champion enterprise in the field of semiconductor material manufacturing is producing at full capacity, as one of the few semiconductor material leading enterprises in China that can mass-produce 12-inch large silicon wafers, its products have broken the passive "neck" situation of domestic semiconductor silicon materials subject to foreign supply. In order to help enterprises expand their production capacity, China CITIC Bank not only provided more than 2.2 billion yuan of credit funds, but also relied on the synergistic advantages of CITIC Group, cooperated with Jinshi Investment within the group to complete more than 3 billion yuan of equity financing, and cooperated with CITIC ** to provide IPO listing guidance for enterprises, truly providing comprehensive financial services beyond loans.
The above case is a microcosm of China CITIC Bank's implementation of national strategies, serving the real economy, supporting emerging strategies, and building a manufacturing powerhouse.
CITIC's responsibility makes it more determined to serve the real economy.
The 2023 ** Financial Work Conference emphasizes "insisting on financial services for the real economy as the fundamental purpose". In recent years, China CITIC Bank has thoroughly implemented a series of decisions and deployments in supporting the development of the real economy, continuously improved its political position, always regarded serving the real economy as a key task of the whole bank, further strengthened policy transmission, improved the working mechanism, and prioritized the allocation of resources, so as to provide strong financial support for the high-quality development of the real economy.
The first is to strengthen the top-level design and implement special actions. In order to promote the professional operation of financial services in the real economy, China CITIC Bank has successively set up functional institutions and relevant leading groups or working groups in key areas such as inclusive finance, rural revitalization, science and technology innovation finance, and green finance, so as to provide a solid mechanism to serve the real economy. At the same time, in 2022, China CITIC Bank introduced 29 pragmatic measures to stabilize the economy, taking into account the fight against the epidemic, promoting investment, and preventing risks, and fully supported the stabilization of the economy**, and also issued 26 action plans to support the development and growth of the private economy in 2023 to improve the accuracy and effectiveness of serving private enterprises.
The second is to strengthen assessment and guidance, and consolidate target responsibilities. For many years, China CITIC Bank has added incremental loan indicators in key areas of the real economy, such as green credit, strategic emerging industries, medium and long-term manufacturing, private enterprises, rural revitalization, and inclusive small and micro enterprises, to the comprehensive performance evaluation of branches, and has decomposed and assigned incremental tasks to branches to further consolidate the main responsibilities at all levels.
The third is to strengthen policy support and improve resource guarantees. In its credit policy, China CITIC Bank has clearly strengthened the orientation of serving the real economy, opened up a green channel for credit approval for loan applications in key areas of the real economy, and increased loan subsidies to effectively reduce the burden of enterprises in the real economy. In addition, the "five policies in one" mechanism has been innovatively launched to realize the integration and coordination of industry research, credit policies, credit approval, marketing guidelines, and resource allocation, and form a joint force in key areas of the real economy.
CITIC Smart makes the green and low-carbon transition more effective.
In order to implement the national green "dual carbon" development strategy, China CITIC Bank has formulated a three-year plan for the development of green finance, focusing on key industries and customer groups, continuously increasing the allocation of green credit, expanding the issuance scenarios of green bonds, increasing the scale of green bond financing, continuously promoting innovation in green finance business, and exploring the development of environmental rights and interests, carbon emission rights, ecological compensation and pledge financing and other products. In order to strengthen the guidance of customers' green consumption behavior, China CITIC Bank launched the "CITIC Carbon Account", a personal carbon inclusion platform, which became the first personal carbon account led by a domestic bank. For example, China CITIC Bank issued 1The loan of 700 million yuan will be used for the overall transformation and upgrading of the surrounding villages, and through the organic combination of human settlements and rural tourism, the "common prosperity of villagers" will be truly realized.
CITIC products make inclusive livelihood services more convenient.
In terms of industrial chain finance and scenario-based financing, China CITIC Bank has innovated and developed more than 20 sub-products, comprehensively covering various modes such as mortgage, guarantee and credit, effectively supporting various needs such as borrowing and repaying, medium and long-term, and renewing loans without principal repayment, and also relying on import and export scenarios to develop "export e-loans", "tariff e-loans" and "cross-border e-commerce e-loans" and other products to support small and micro enterprises to "go global". For example, China CITIC Bank issued more than 4 million yuan of "distribution e-loan" financial support to the downstream merchants of a home furnishing chain enterprise in Beijing to meet the rental financing needs of merchants settled in home furnishing stores and tide over the difficulties of the epidemic with small, medium and micro enterprises.
CITIC's solutions make the development of scientific and technological innovation more active.
In order to actively support the growth of science and technology enterprises, China CITIC Bank has set up a science and technology innovation finance center, formulated a science and technology innovation finance business development plan, and formed a special organizational structure, professional risk control model, special supporting resources and exclusive financial solutions for science and technology enterprises. In the face of new technology, new economy and new market customer groups such as "specialized, special and new", listed and pre-listed science and technology enterprises, China CITIC Bank has integrated product solutions, vigorously carried out model innovation, and successively launched online credit loan products, point card approval schemes, and option loans, and actively built an investment-loan linkage system. For example, China CITIC Bank quickly issued a loan of 24 million yuan to a state-level "specialized, special and new" high-tech enterprise in Hubei Province to support it to break the foreign technology monopoly on ultra-low temperature valve manufacturing.
CITIC synergy makes the space for industry-finance cooperation broader.
China CITIC Bank gives full play to the unique advantages of CITIC Group's full financial license and full industry coverage, vigorously promotes the group's synergy strategy, and cooperates with financial subsidiaries such as brokers, trusts, and insurance companies within the group, as well as industrial subsidiaries, to build a "finance + industry" joint fleet, and provide a comprehensive package of "financing + financial intelligence" for enterprises in the real economy. For example, China CITIC Bank, together with CITIC** and China Securities Construction Investment**, jointly launched the "Credit Vertical" plan, creating an innovative and comprehensive financial service system with CITIC characteristics with "commercial bank + investment bank + private bank" as the core, providing full-cycle, full-scenario and full-ecological products and services for growing enterprises.
As of the end of October 2023, the bank's loans in key areas of the real economy, such as green credit, strategic emerging industries, medium and long-term manufacturing, rural revitalization, and inclusive small and micro enterprises, increased respectively compared with the beginning of the year32%, both of which exceeded the overall growth rate of the bank's corporate loans in the same period, and the financing support for the real economy has achieved remarkable results. China CITIC Bank ranked second among joint-stock banks in the financial service supervision evaluation for small and micro enterprises for three consecutive years, and was rated as an "excellent file" in the supervision assessment of rural revitalization for two consecutive years, and won the "2022 International Finance Forum (IFF) Global Green Finance Innovation Award".
In the future, China CITIC Bank will stick to its financial origins, with the goal of accelerating the construction of a financial power, do a good job in the five major articles of science and technology finance, green finance, inclusive finance, pension finance and digital finance, fulfill the mission of state-owned financial enterprises, actively integrate into the overall development of the country, unswervingly follow the path of financial development with Chinese characteristics, nourish the economic body with financial blood, and strive to build a "warm bank" serving the real economy.