Yongnian Fin. Reg. Branch's "Four Enhancements" Back High-Quality Fastener Industry Growth

Yongnian District of Handan City is the largest distribution center for fastener production and sales in China, known as the "Capital of Fasteners in China". In 2023, the production of fasteners in Yongnian will reach 6 million tons, with an annual output value of 42 billion yuan, accounting for 58% of the national market share. In order to effectively fulfill the responsibility and mission of financial supervision in the new era and new journey, the Yongnian Regulatory Branch of the State Administration of Financial Supervision and Administration adheres to the "Four New" Project as the guide, actively explores new paths for financial support for the development of the fastener industry, and uses financial "living water" to assist the development of the fastener industry. Significant results have been achieved in financial support for high-quality development of the real economy.

As of the end of March 2024, the total loan balance of banking and financial institutions in the region was 56.595 billion yuan, an increase of 2.146 billion yuan from the beginning of the year, with a growth rate of 3.94%; Compared to the same period last year, it increased by 6.676 billion yuan, with a growth rate of 13.37%. Among them, the balance of financial support loans for the fastener industry in the entire region was 12.685 billion yuan, an increase of 1.287 billion yuan or 11.29% from the beginning of the year, which was 7.35 percentage points higher than the growth rate of various loans; An increase of 2.716 billion yuan year-on-year, with a growth rate of 27.24%, which is 13.87 percentage points higher than the growth rate of various loans. The financial service capabilities of fastener enterprises in the jurisdiction have been significantly improved, and the quality and efficiency of financial support for the real economy continue to enhance.

Establish sound mechanisms and strengthen organizational support. One is to establish a work leadership group. The Yongnian Regulatory Branch strengthens organizational leadership, plans ahead, establishes a leading group for financial support of the development of the fastener industry, clarifies division of responsibilities, and coordinates the specific implementation of financial institutions. The second is to organize and hold work meetings. Guiding financial institutions in the jurisdiction to enhance their political stance, strengthen their sense of responsibility, adhere to the fundamental purpose of "financial services for the real economy", consolidate the responsibility of the "top leader", firmly establish the "one game" ideology, and provide strong financial support for the development of the fastener industry. The third is to promote the establishment of coordination and linkage mechanisms with local government departments. Actively taking action, continuously strengthening communication and liaison with local government departments, promoting financial information exchange and sharing, based on the "Four New" project, truly achieving "shared responsibility, shared answers, and joint efforts".

Optimize services and strengthen innovation leadership. One is to establish a first loan renewal service center. Continuously promoting the construction of service centers, adopting a dual track parallel model of "offline windows+online platforms", with the concept of "service forward", forming a financial advisory team, gathering various types of high-quality financial institutions, aiming at the goal of "inclusive finance", and providing comprehensive financial services for small and micro enterprises, including first loan cultivation, loan renewal turnover, policy promotion, and consulting services. The second is to continuously innovate financial products. Guide financial institutions in the jurisdiction to continuously increase innovation efforts, based on the characteristics of the Yongnian industrial cluster, and innovatively launch a batch of characteristic financial products to effectively meet customers' "diversified and convenient" financial needs. Examples include the "Standard Parts Loan" and "Hebei Characteristic Industry Loan" launched by Industrial and Commercial Bank of China, the "Fastener Loan" and "Business e-Loan" launched by Agricultural Bank of China, the "Shanxin Loan", "Shanying Loan" and "Customer Group Loan" launched by Construction Bank, and the "Park Easy Loan" launched by Postal Savings Bank of China; Yongnian Union has launched characteristic credit products such as "Standard Parts Huimin Loan" and "Screw Loan". The third is to continue to adhere to technological empowerment. Encourage banking and financial institutions to increase their investment in technology, deeply cultivate financial technology, effectively reduce financial service costs, enhance the accessibility of financial services, and improve their core competitiveness. At the same time, guide them to issue loans to science and technology innovation enterprises, leverage social funds to promote technological innovation. As of the end of April, the balance of technology finance loans in the entire region was 1.976 billion yuan.

Take proactive measures and strengthen coordination between the central and local governments. One is to actively participate in policy-making. Participated in drafting the "Implementation Plan for Cultivating Leading Enterprises in the Fastener Industry in Yongnian District", guiding financial institutions in the jurisdiction to focus on the top 50 fastener enterprises in the district's operating income, actively connect with the financing needs of leading enterprises, carry out "point-to-point" assistance, develop customized financial products for leading enterprises, and promote the formation of a group of leading enterprises with strong comprehensive strength and core competitiveness. The second is to actively integrate into the regional key development strategy. Focusing on the key development strategy of the region, relying on the "Three Year Action Plan for the Transformation and Upgrading of the Fastener Industry in Yongnian District", guiding financial institutions in the jurisdiction to optimize their credit structure, make good use of incremental funds, activate existing funds, grasp the pace and focus of credit investment, and assist the green transformation and upgrading of the fastener industry, continuously improving the industry's "green", "new", and "gold" content. Thirdly, conduct in-depth field research. Continuously conducting research and visits to financial institutions and fastener enterprises in the jurisdiction, to gain a detailed understanding of the financial services and credit support provided by financial institutions to enterprises, as well as the overall business situation and specific needs of enterprises, in order to lay a solid foundation for effectively providing financial services to the real economy.

Form a joint force and strengthen the effectiveness of publicity. One is to establish a normalized publicity mechanism. Guide the financial institutions in the jurisdiction to improve the financial knowledge publicity mechanism, develop a publicity plan, and carry out the "online+offline" publicity model. In addition to the regular publicity of business outlets, they also make full use of new media such as Tiktok, WeChat, and Weibo to carry out publicity, so as to maximize the coverage of publicity and compact the publicity effect. The second is to carry out in-depth and detailed concentrated promotional activities. Develop the Implementation Plan for the Series of Inclusive Finance Promotion Activities in Yongnian District, refine the implementation measures, and clarify the division of responsibilities. At the same time, a work meeting will be organized to make specific arrangements and deployments, focusing on the "Four Entries, Four Visits, and Four Deliveries", and carrying out concentrated promotional activities such as the "Inclusive Finance Promotion Month" and "Financial Sending Spring Breeze to Benefit Enterprises and Warm People's Hearts". The third is to increase the promotion of "entering enterprises". Guide financial institutions in the jurisdiction to form professional "financial advisory" teams, regularly carry out "entering enterprises" publicity activities, continuously improve the pertinence of financial knowledge popularization, further expand the coverage of publicity, and make financial knowledge publicity activities "powerful, broad, and warm".