The first quarter of each year is the time when banks strive to make a "good start" and concentrate on lending. From the perspective of investment, since the beginning of this year, banks have accelerated the pace of optimizing and adjusting the loan structure, and increased the layout of key areas such as specialization, refinement, special innovation, and advanced manufacturing around the "promotion of innovation". At the same time, banks have increased their personal loan business by reducing the interest rates of consumer loans and operating loans to further help "expand domestic demand". In addition, with the support of policies, escorting reasonable financing in the real estate sector has become a new focus of bank credit work this year.
Just after the Spring Festival, 60 financial institutions signed contracts with 110 science and technology enterprises in Guangdong Province, with a total of 162 projects and a contract amount of 275.8 billion yuan. It is reported that the signed projects involve high-end equipment manufacturing, high-end semiconductors, new energy and new material technology, integrated circuits, intelligent driving, cloud computing, biomedicine and other fields. Among them, 75 billion yuan for the development of science and technology industry, 145.9 billion yuan for credit support for science and technology enterprises, and 54.9 billion yuan for comprehensive financial services.
At present, specialized and new financial service enterprises have become an important channel for banks to optimize their credit structure. "SPD Bank strives to exceed 500 billion yuan in investment and financing in Guangdong in 2024 to empower the high-quality development of industrial science and technology. Chen Xiaolei, president of the Guangzhou branch of Shanghai Pudong Development Bank, said that the bank will take science and technology finance as the main direction of serving the real economy, and set up 10 science and technology characteristic branches to optimize the allocation of special resources and improve service efficiency.
Bank of Jiangsu revealed that in 2024, the reserve scale of "good start" projects will increase by nearly 20% year-on-year, mainly in the fields of green and low-carbon, advanced manufacturing, scientific and technological innovation and infrastructure.
With the transformation and upgrading of the economy and structural adjustment, banks need to increase credit to emerging areas while maintaining the steady growth of loan scale. This is not only in line with the national policy guidance, but also conducive to the optimization of the bank's own business structure and the improvement of its competitiveness. Bai Wenxi, chief economist of IPG China, said.
While "promoting innovation" through corporate business, banks are also actively expanding domestic demand by expanding personal loan business to better release consumption potential. At present, it is not uncommon for consumer loans with a minimum annual interest rate of 3%.
China Merchants Bank launched the "Flash Loan Year of the Dragon Spring Festival Consumption Return Activity", and before February 29, pure new customers who have successfully built a flash loan can get different interest rate coupons, of which the lowest interest rate can be 3%. Bank of Communications launched the "Huimin Loan New Customers Welcome the New Year, Good Luck Adds 'Gold'" activity, with a maximum credit line of 800,000 yuan and a preferential interest rate as low as 3%.
It is worth noting that as an industry that has an important impact on the national economy, there have been positive changes in real estate financing. With the launch of the first batch of "white lists" of real estate financing projects at the end of January and the meeting of financial regulators, financial institutions have quietly accelerated the pace of follow-up on related projects.
According to data released by the Ministry of Housing and Urban-Rural Development, as of February 20, 162 projects in 57 cities had received bank financing totaling 294300 million yuan, an increase of 11.3 billion yuan compared with before the Spring Festival holiday. The banks also stated that they would "meet the reasonable financing needs of real estate enterprises under different ownership systems without discrimination". A relevant person from the Industrial and Commercial Bank of China said that for normal development and construction projects, the focus should be on "fast" support; For projects that encounter temporary difficulties in development and construction, the focus should be on "stable" support. The combination of "fast" and "stable" distinguishes group and project risks, supports the reasonable financing needs of high-quality projects of real estate enterprises more accurately, prevents project delivery risks, and promotes the stable and healthy development of the real estate market.
Since the beginning of the year, a number of economic and financial data in China have been better than expected. In January, the growth rate of RMB loans and social financing reached5%。During the Spring Festival holiday (from the first day of the first month to the eighth day of the first month), the number of domestic trips reached 47.4 billion, a year-on-year increase of 343%。Behind this, it is inseparable from the flexible, moderate, precise and effective support of monetary policy. After the previous RRR cut and the reduction of the relending and rediscount rate, the LPR (loan market ** interest rate) fell as scheduled a few days ago, and the financial sector continued to strengthen its efforts to help tap domestic demand.
Looking forward to the full year of credit distribution, industry insiders are generally optimistic. At the same time, in the context of the financial regulatory authorities' repeated emphasis on "focusing on strengthening the balanced delivery of loans", the rhythm of new credit in 2024 will also be more balanced.
Considering the policy promotion and the continuation of economic recovery, it is expected that credit will maintain steady growth in 2024, and the monthly fluctuation will be slower than that in 2023, and the scale of new RMB loans for the whole year is expected to exceed 235 trillion yuan. Liao Zhiming, chief analyst of China Merchants ** banking industry, said.
According to the research report of China Securities Construction Investment, the increment and structure of credit in January exceeded expectations, reflecting the bank's good start and abundant credit reserves. Looking ahead to 2024, the central bank has made it clear that stable and sustained credit support is needed for the economic recovery, and it is expected that credit supply will gradually enter a new stage of stable quantity and high quality in 2024, which will help unify the market's expectations for economic recovery. (Reporter Xiang Jiaying).