On May 15, the launch ceremony of Xiamen International Bank's Financial Service Upgrading Year Series activities, "Deepening the Fujian Province and Serving Entities", was held simultaneously in nine prefectural cities of Fujian Province under the guidance of Fujian Financial Work Office and sponsored by Xiamen International Bank. The ceremony was organized by Xiamen International Bank Putian Branch. More than 80 people attended the ceremony, including leaders of the Putian Municipal government and regulatory departments, representatives of local entities, customer representatives, and managers of Putian Branch of Xiamen International Bank. The successful holding of the launch ceremony kicked off the series of activities of "Deepening the Fujian and serving Entities" Xiamen International Bank Financial Service Upgrading Year.
At the launch ceremony, Xiamen International Bank showcased its good practices and innovative products in the field of serving real enterprises and supply-side reform in recent years. Since May 2018, the bank has continued to carry out local industry research work lasting for 4 months, covering all private enterprises, especially manufacturing and its upstream and downstream enterprises, and forming full basic data. This research systematically and theoretically solves the problem of asymmetry of credit supply and demand information, further clarifies the operation direction of deep cultivation and serving entities, effectively improves the allocation efficiency of financial resources, and from the demand side, lists the loanable and loanable industrial groups and specific enterprises in the real economy into the white list of entity enterprises that the bank focuses on. From the supply side, the practice of business has a direction, a goal, more clear direction. Strive to establish a benign bank-enterprise ecology in which enterprises can lend and customers willing to lend can lend. The above research results have also been well applied in the actual operating environment of banks: By the first quarter of 2019, the balance of various off-balance sheet and off-balance sheet credit of Putian Branch exceeded 2.3 billion yuan, with a compound growth rate of more than 90% in the past three years, among which the credit of private enterprises accounted for 52.58% and that of small and micro enterprises accounted for 28.28%.
In recent years, Xiamen International Bank has given full play to its international business experience and the advantages of linking Mainland, Hong Kong and Macao, and launched a series of financial products to meet the actual needs of enterprises. Among them, the online "tax sharing loan" and the offline "tax lending treasure" interactive products of bank tax fully cover the tax paying smes, providing efficient credit and loan services, which is of great significance in supporting small and micro enterprises. The introduction of international financing programs such as "Guarantee Foreign Debt" and "China Bank - Taiwan Land Access" Taiwan compatriots financial life circle filled the gaps in the field of financial services. In terms of transaction banking services, China has deepened the reform of "Internet Plus" financial services, innovatively launched a comprehensive mobile financial service platform for banks and enterprises, accurately addressed the two pain points of mobile office and mobile finance for micro, small and medium-sized enterprises, and provided a one-stop mobile service platform for enterprises and their employees at zero service rates.
On the day of the event, the Municipal Financial Office signed a framework agreement with Xiamen International Bank Putian Branch to support local economic development, with an amount of 5 billion yuan. 16 customers of the city signed cooperation agreements with Xiamen International Bank Putian Branch, which laid a good foundation for the follow-up series of activities.
Zhang Jinlong, deputy director of Putian City Finance Office, said that Xiamen International Bank has achieved good results in more than 30 years of development, and has achieved remarkable results in helping the economic development and serving the entity. This activity aims to actively implement the relevant requirements of the CPC Central Committee and The State Council on enhancing the ability of financial services to serve the real economy, and respond to the five principles of serving the real economy, benefiting the people, being market-oriented, actively opening up, encouraging innovation and placing equal emphasis on risk prevention proposed by the Municipal Party Committee and the municipal government. It is of great significance to promote the development of the real economy of our city. It is hoped that Xiamen International Bank Putian Branch will continue to deeply practice the development strategy of internationalization, differentiation and specialty, give full play to its role as a cross-border comprehensive financial platform, strengthen the integration of domestic and foreign institutions, highlight its characteristics, innovate and open up, actively serve the real economy, and strictly observe the bottom line of risk compliance. Continue to comprehensively implement the decisions and arrangements of the CPC Central Committee, The State Council, the provincial Party Committee, the provincial government, the Municipal Party Committee and the municipal government, strive to grow into the main force and vanguard of Putian's financial industry, and make new and greater contributions to the construction of beautiful Putian!
Yu Huaishen, President of Putian Branch of Xiamen International Bank, said that Xiamen International Bank adheres to the policy of serving the real economy, private small and micro enterprises and inclusive finance, and focuses its credit resources on supporting the economic development of Putian City. In the future, Xiamen International Bank will take this event as an opportunity to build a communication service platform between the government and enterprises. To support Putian's economic and social sustainable and healthy development to contribute their new greater strength!
