Financial active blood transfusion Western development

BEIJING, November 26 Xinhua reporter learned today from the People's Bank of China: In recent years, the central bank through the flexible use of refinancing, reserve requirements, central bank bills and other monetary policy tools to strengthen the macro credit policy guidance, coordination and guide financial institutions to improve financial services, optimize the credit structure,　　It provides strong financial support for the western economy to develop well and quickly and to stabilize the economy harmoniously. The central bank used the monetary policy tool and the credit policy guidance comprehensively to increase the financial support to the western region. Increase the loan quota in the West region, and support the financial institutions in the western region to increase credit delivery. The western limits were adjusted from 120.1 billion yuan in 2004 to 149.6 billion yuan at the end of June 2009, while the western region's quota was increased from 22.63% in 2004 to 27.27% in the end of June 2009.　　At the same time, by adjusting the deposit reserve ratio and the interest rate of deposit and loan, the bank credit structure should be rationally controlled to attract funds into the West. The central bank implements preferential monetary and credit policies in the western minority areas. To urge the financial institutions to earnestly implement the national trade and national special merchandise production loan policy, the implementation of a normal one-year liquidity loan rate of 2.88% lower interest rates.　　At the same time, actively support the development of key production enterprises for minority commodities. At the end of 2007, the central bank with state and other departments to determine the "Eleven-Five" during the national minority special merchandise fixed-point Enterprises 1735.　　In view of the actual situation in Tibet, we continue to implement the credit guideline management policy in Tibet, and continue to implement special preferential financial policies such as preferential loan interest rate policy, spread subsidy and special subsidy policy. Financial institutions to increase the credit to the western region, deposit stable growth, asset quality gradually increased. The balance of foreign currency loans in western China grew from 1.728 trillion yuan at the end of 2000 to 6.7265 trillion yuan at the end of August 2009 and 2.9 times times. Loans in the western region maintain a steady growth momentum, the annual growth rate of more than the central and northeast. From 2004 to 2008, the average growth rate of loan funds was 14.35%, higher than the national 13.59% growth.　　The total amount of credit remained at around 17% per cent. Western financial institutions in the foreign currency of the balance of deposits from the end of 2000 growth of 2.0311 trillion yuan to the end of August 2009, 9.6764 trillion yuan, increased 3.8 times times.　　The average non-performing loan rate of financial institutions in western China fell from 16.49% in late 2004 to 4.42% at the end of June 2009. The financial institutions have stepped up the credit for the infrastructure construction of the western regions such as highways, railways, urban public transport and other advantageous industries such as hydroelectric power generation and equipment manufacturing industry, and supported the construction of the landmark projects of West-east gas transmission, Qinghai-Tibet Railway, South-to-north Water Diversion, east-west road, etc.　　As at the end of June 2009, the western Region capital construction loan balance 1,981,207,000,000 yuan, year-on-year growth rate of 9 consecutive years maintained in more than 14%. The financial institutions have enlarged the western regionCredit to support the efforts of agriculture. Since the establishment of the agricultural loan statistic system in 2007, the balance of agricultural loans in the western region has been increased from 1.1708 trillion yuan in late 2008 to 1.5039 trillion yuan at the end of 2009. Also increased the national trade and national special products production funds to support efforts. As at the end of June 2009, the balance of national trade and national special commodity production loan in western China was 10.835 billion yuan, which was 7.9 times times higher than the 1.215 billion yuan at the end of 2000.