“In the specific work, we continue to play a leading role in the people’s Bank of the banking financial institutions in the small micro enterprise financing, in accordance with the principles of market economy on commercial banks put forward clear requirements of the assessment, the small micro enterprise loans to achieve no less than three goals, to ensure that Small and micro businesses loan growth is not lower than the average growth rate. The number of loans is not lower than the same period last year the number of households, lending rate is not lower than the level a year earlier. The region’s commercial banks in strict accordance with our people’s Bank of these assessment requirements, loans to small and micro enterprises.” Li Yufu says.
Non-public economy is an important component of Tibet’s economy. At present, the non-public sector accounts for 96.21% of the market in Tibet.
To broaden the financing channels, vigorously develop direct financing, and formulated a series of policies and measures from access to credit, credit authorization, credit management system and evaluation mechanism, staff incentive and actively carry out financial services for non-public enterprises, non-public enterprises to increase support. At the same time, the establishment of non-public enterprises franchise services, the establishment of a sound adaptation of Tibet non-public enterprises of differentiated credit management policy system, and effectively improve the Tibet non-public enterprises loan availability.
Tibet will be the year issued guidance on the work of credit for small and micro enterprises and non-public economy credit put forward clear requirements, conscientiously implement all policies and measures of financial support for small and micro enterprises and non-public economic development, to ensure the small and micro enterprise credit growth is higher than the total loan growth, incremental higher than last year.
In recent years, the people’s Bank of Lhasa Center branch Chinese conscientiously implement the decision to deploy the Tibet Autonomous Region Party committee and government, in accordance with the unified arrangements of the head office of the people’s Bank of China, conscientiously perform their duties, strengthen window guidance, actively supervise and guide the area of banking financial institutions to optimize the credit structure, support key credit outstanding, with good use of live, enough, to implement the central Tibet given special preferential monetary policy, to further increase the non-public economic and financial support, to provide comprehensive financial services solutions, to provide strong financial support for the development of non-public economy.
At the same time, we should make good use of the preferential financial policies entrusted to Tibet by the living central committee. In the credit policy guidance, closely combined with the actual Tibet, making Tibet monetary and credit policy, to guide and supervise the area of commercial banking institutions to small and medium-sized enterprises and the non-public economic development as a new credit growth, promising to achieve loan conditions, enterprises, under the premise of risk control, to maximize the non-public Tibet the financing needs of enterprises, to further increase the non-public enterprise credit, to support its bigger and stronger, and vigorously support the development of non-public economy in Tibet.
Next, the people’s Bank of Lhasa Center branch Chinese will urge the banking financial institutions within its jurisdiction to conscientiously implement the Autonomous Region Party committee and government financial leveraging strategy, take measures to provide a full range of financial services for the development of non-public economy, strong to provide strong financial support for the development of non-public economy.
Innovative financial products and service models should be created. For non-public economies started late, small scale, low value of collateral, guide the innovation of commercial banks foster credit products and services, to guide credit resources to tilt the non-public economy; through credit products and the issuance of liquidity, fixed assets loan, increase support for key areas, urban construction, hydropower development transportation and other non-public enterprises credit.
“From the loan structure, as of 4 at the end of 2017, Tibet and medium-sized enterprises loans 102 billion 519 million yuan, an increase of 103.85%; small 82 billion 867 million yuan, an increase of 96.68%; micro enterprise loans 8 billion 707 million yuan, an increase of 33.34%. Small and micro enterprises lending growth ranked first in the country.” Li Yufu, deputy governor of the Lhasa central sub branch of the people’s Bank of China, introduced the Tibet Financial Promotion Conference on non-public economic development. Tibet small micro enterprise loans increased 13 times in 2011, the average annual growth rate of more than 60%, compared with the same period of the loan growth rate of nearly 20 percentage points higher, and these funds mainly invest in non-public economic sectors such as infrastructure, agriculture and enterprise etc..
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