Open up the last mile of finance The Linping model was released in Hangzhou

Mondo Technology Updated on 2024-03-02

"What are the pitfalls of listing mergers and acquisitions, how to grasp the prevention and control of financial risks in districts and counties, and I will help ...... with 5060 anti-fraud"In the living room of the Linping Financial Consultant Studio, training and exchanges are staged almost every week. How does the "Linping Pilot" of county-level financial ecological construction open up the last mile of finance? How can the pilot be replicated and promoted to Hangzhou, Zhejiang and even the whole country?

On February 29, the "Symposium on the Construction of Comprehensive Financial Ecology at the County Level" was held in Hangzhou as part of the "Year of Financial Social Value Enhancement". The event focused on the model innovation and theoretical discussion of the county's comprehensive financial ecological construction, and was released3386 model of county-level comprehensive financial ecological construction(referred to as "Linping mode") andCounty-level comprehensive financial ecology index(referred to as the "Linping Index"), which gives an exploratory answer to the above questions.

The event was hosted by the Financial Services Committee of the General Association of Zhejiang Entrepreneurs (hereinafter referred to as the "Financial Services Association") and the people of Linping District, Hangzhou, and co-organized by the Zhejiang Mergers and Acquisitions Federation, the Financial Research Institute of Zhejiang University, and the Zheshang Bank.

Linping mode: "Blueprint" is "real scene".

The county is the most basic and critical unit of China's economic and social development, and all kinds of financial needs are reflected most directly and comprehensively in the county. However, due to factors such as excessive emphasis on profit-making, weakening of functionality, information asymmetry, and risk control pressure, it is difficult for traditional financial services to fully cover, and county-level financial services are often weak.

Lu Jianqiang, director of the Financial Services Association, Secretary of the Party Committee and Chairman of Zheshang Bank, said that the county is an important foundation for developing the economy, ensuring people's livelihood and maintaining stability, and is the basic unit of national governance. The construction of a comprehensive financial ecology at the county level aims to explore the path and method of Chinese-style modernization of financial services from the last mile of financial realization.

Focusing on the county-level economy, in 2022, the Financial Services Commission with Zheshang Bank as the director unit and Linping District of Hangzhou jointly established the first "Comprehensive Financial Services Demonstration Zone" in the province. At the meeting, Chen Rugen, Secretary of the Linping District Party Committee, introduced the experience of the construction of the Linping Demonstration Zone.

It is reported that the zone has built a collaborative model of "first-class guidance + financial service empowerment + extensive participation of financial institutions" to check and orient the construction of the demonstration zone. Among them, 79 financial consultants have been sent to the front line, carried out more than 70 public welfare financial activities, organized business training for 1,600 people, solved 1,300 financing needs, and financed 13.8 billion yuan.

At the meeting, the first version of the Linping model with replication and promotion significance was also released: focusing on the three main bodies of the first end, the enterprise end and the social endThree major tools have been createdIncluding building a district and county financial operation quality index system, building a digital "Jinfubao Small and Micro" platform for enterprises, customizing "wealth management N courses" training courses for residents, and focusing on the pain points of financial risk management, corporate financial service blockages and social financial supply difficultiesEight specific initiatives were proposedFor example, it is the first in the country to create a financial risk physical examination mechanism in districts and counties, a value-added service system that meets the financial needs of enterprises such as listing and mergers and acquisitions, and creates a perceptible co-prosperity model of financial empowerment "Ten Million Project" ("Thousand Village Demonstration and Ten Thousand Village Renovation" Project) and integrated investment and education activities and financial anti-fraud.

Financial empowerment: open up the last mile

It is worth mentioning that this seminar brought together a number of experts and scholars from Huang Yiping, Dean of the National School of Development of Peking University, Zheng Yumin, Consultant of the General Association of Zhejiang Entrepreneurs, Sheng Shihao, Chairman of the Zhejiang Federation of Social Sciences, Mo Wangui, Deputy Director of the Institute of Financial Research of the People's Bank of China, and other experts and scholars.

Participants pointed out that around the construction of a "financial power", the construction of five major articles was proposed, which put forward higher requirements for improving the quality of financial services at the county level. This is also a question that must be answered as economic development enters a new stage.

The Linping experience and the Linping index have important reference value. They break through the traditional perception of financial services, from a social perspective, use digital and other means to solve the risk control problems caused by information asymmetry, improve the financing availability of small and medium-sized enterprises, and solve the financing and investment difficulties of the masses. Huang Yiping, dean of the National School of Development at Peking University, said.

Zheng Yumin, consultant of the General Association of Zhejiang Entrepreneurs, pointed out that it has always been difficult to deal with the dependence, correlation and directional relationship between local governments and financial institutions. However, Linping's experience has transformed this problem into a bright spot, fundamentally reshaping the relationship between the first and the best, establishing a regional native credit system, and running financial services through the "first kilometer" and "last kilometer", so as to build a healthy regional financial ecology and business environment. Accurately help the development of new quality productivity in the region; improve the quality of life in the region; Prevent financial risks in the region; Improve the dependence between localities** and financial institutions.

The data shows that at present, Linping District has achieved remarkable results in six aspects: optimization of financial ecology, improvement of business environment, reduction of corporate financing costs, and improvement of social financial awareness. Nearly 6,000 new market entities were added in the region, and loans to manufacturing, agriculture and science and technology increased by 1% and 19% respectively year-on-year. The "Jinfubao Small and Micro" platform has served nearly 5,500 enterprises and provided 7 loans400 million yuan, and the financing interest rate provided by financial institutions for cross-border e-commerce has dropped by nearly 60 bp. In addition, the incidence of financial fraud and the amount of losses in the region decreased by 17% and 27% year-on-year respectively.

The Linping pilot has opened up space for financial service innovation and financial service value enhancement. This space is the last mile of finance, and it is also the largest and most realistic scenario of finance, the real landing of financial reform in the context of digitalization, and the most important platform for realizing and measuring the five major financial articles. Lu Jianqiang said.

financial activity, economic activity; The county is strong and the economy is strong

Looking forward to the future, the Linping comprehensive financial ecological construction model is expected to become an important direction of county-level financial development. With the emergence of more successful cases of county-level comprehensive financial ecological construction, it will help build a more stable, efficient and sustainable financial ecology. The last mile of county-level financial services has become a new breakthrough in financial reform and a key part of helping to build a financial power.

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