Yang: ICBC will double new industry loans in the next 3-5 years

Source: Internet
Author: User
Keywords Loans ICBC emerging industries
Tags credit direct direct financing energy-saving financing press press conference public
Yang, ICBC's president, said 6th that in the next 3-5 years, ICBC to strategic emerging industries and energy-saving emission reduction in the field of credit to double, to increase lending to SMEs.  Yining, honorary president of the CPPCC, the honorary vice chairman of the NLD Central Committee and the Guanghua School of Management at Peking University, said capital markets should increase the proportion of direct financing. The CPPCC held a press conference on the morning of 6th in the Great Hall of the world.  They made the above remarks at the press conference. Yang introduced, as of last year, ICBC in strategic emerging industries and energy-saving emission reduction in the field of loans more than 6.1 trillion yuan, growth rate of more than 17%, higher than the average growth of loans. In the future, ICBC for steel, cement, flat glass, coal chemical industry, polysilicon, wind power equipment manufacturing, shipbuilding industry and other overcapacity industries, to strengthen credit control efforts.  Last year, ICBC's lending quotas in the above seven sectors fell Panty in total loans, which will fall further in the next 3 years. By the end of last year, ICBC's SME loans amounted to over 3 trillion yuan, accounting for about 50% of total loans. Last year, ICBC's loans to small and medium-sized enterprises accounted for 60% of the total.  Last year, ICBC's lending to small businesses and micro-enterprises increased by 45%, while ICBC's average loan growth in the same year was only 16.9% per cent.  Yang that during the "Twelve-Five" period, banks should actively support the development of advanced manufacturing, modern services and strategic emerging industries, and gradually form a credit structure commensurate with the status of these industries in the national economy. Yining said that the current reliance on land finance into public infrastructure construction has come to an end, should learn from the experience of the developed countries, using public investment funds to solve China's urbanization process where the public utility funds from the problem.  Public investment funds can be composed of financial institutional investors, through the issuance of bonds to private fund-raising, so that private capital to participate in infrastructure construction.  He said that to vigorously develop the venture capital industry, so that entrepreneurial investors can be bigger and stronger through the venture, and then enter the capital market, as China's economic growth, the capital market to increase the proportion of direct financing. Yining that, first of all, we must vigorously build social security housing, not too much emphasis on the purchase, because the citizens have the right to buy a house, can not have regional discrimination, should learn from Singapore experience, will be restricted to sell, buy a house can, but if you buy a house after a short period of sale,

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.