"data-driven" prizing the financing difficulty of small and Micro Enterprises-- observation on the financing of small and Micro Enterprises supported by Shandong Agricultural Bank

| gov.cn

Xinhua News Agency, Jinan, November 6 (Reporter Yuan Junbao) "it was a real surprise to me that I did not need a mortgage and lent money on the same day to meet the urgent needs of the company." Chen Hongyun, manager of Jinan Hongsheng Tianyou Technology Co., Ltd., repeatedly liked the 540000 yuan loan he recently received from the Jinan Peace Branch of the Agricultural Bank of China.

Chen Hongyun said that as a small and micro enterprise, the company usually has little demand for capital, and when a working capital is needed in the near future, bank staff take the initiative to recommend this product, which is called "tax e loan." Enterprises rely on tax information, without any mortgage, guarantee, to get an annual interest rate of only 4.56% of the loan, "this convenience and concessions, I really did not expect."

In recent years, the financing difficulties and expensive financing of small and micro enterprises have been criticized by all walks of life. In a recent interview with a number of business outlets of the Agricultural Bank of China Shandong Branch, the reporter learned that "driven by big data" is becoming a powerful fulcrum for prying the financing difficulties of small and micro enterprises.

In agricultural bank Jinan high-tech zone branch, Puhui account manager Wang Shuo has been busy promoting "micro loans", "tax e loans" and other new "online" products to support the financing of small and micro enterprises. In her view, big data is becoming a "golden key" for banks and enterprises to dock and finance to support small and micro enterprises. "in the past, the main idea was to guarantee and mortgage, but now we are more concerned about how to accurately 'portrait' small and micro enterprises through big data." Wang Shuo said.

In addition to using tax information, Agricultural Bank Shandong Branch also relies on "Internet + big data" analysis technology, based on the supply chain of large enterprises, to provide financing for many small and medium-sized enterprises. According to Chen Jinmin, president of the Jinan Peace Branch of Agricultural Bank of China, the bank has granted 400 million yuan in credit to Tide Group supply chain enterprises, and the balance of credit has exceeded 100 million yuan by the end of September.

"since 2019, the role of 'online' loans in promoting the development of the bank's micro and micro credit business has gradually emerged." Ma Jingming, vice president of Agricultural Bank of China's Shandong Branch, said that since the official launch of the "tax e-loan" in July, the loan balance had exceeded 1.37 billion yuan by the end of October, adding 2683 new small and micro enterprise loan customers. By the end of October, the bank's small and micro enterprises had "online" loans of 3.64 billion yuan, an increase of 2.98 billion yuan over the beginning of the year, accounting for 75 percent of the bank's small and micro business legal person loans (regulatory caliber).

The reporter learned from a number of business outlets of the Agricultural Bank of Shandong Branch that the bank has taken measures such as tilting assessment, due diligence, and so on, to promote grass-roots credit personnel to "dare to lend and are willing to lend" to small and micro enterprises. Cao Haixia, vice president of the branch of Agricultural Bank of China's Jinan High-tech Zone, said that the higher-level branch has special evaluation and assessment methods for the inclusive financial work of the branch. "good loan products plus strong assessment guidance," At present, the enthusiasm of grass-roots personnel in lending to small and micro enterprises has been significantly increased. "

In addition, in support of loans for small and medium-sized enterprises in agriculture, rural areas and farmers, in recent years, Agricultural Bank has launched many types of loans, such as "Huinong loan", "Poverty Alleviation loan", "Beautiful Rural loan", "Ocean Ranch loan" and so on. At the same time, in order to solve the "difficulty at the beginning" of loans for small and micro enterprises, Agricultural Bank actively promoted the "first loan cultivation action for private and small and micro enterprises." Private and small and micro enterprises with potential, market and prospects but have not yet been lent to carry out accurate cultivation. By the end of October 2019, the growth rate of inclusive financial loans under the supervision of the bank had reached 56.4%, 47.16 percentage points higher than the growth rate of various loans.

In order to give better play to the "data-driven" role, a number of grass-roots bankers look forward to more convenient access to credit information in the fields of market supervision, customs, judicature, water, electricity, gas charges, social security, housing provident fund payments, and so on. In order to be able to give enterprises a more three-dimensional "portrait".

It is understood that in September this year, the National Development and Reform Commission and other departments jointly issued the Circular on deepening the "Credit and easy loan" to support the financing of small and medium-sized Enterprises, calling for further strengthening the sharing of credit information. We will support financial institutions to solve the problem of financing difficulties for small and medium-sized enterprises. The people's Bank of China Jinan Branch is also actively promoting the construction of government procurement contract financing and accounts receivable financing service platform to provide more big data support for enterprise financing.

"with the further empowerment of financial technology and 'data-driven', there will be greater new opportunities for banks to support financing for small and micro enterprises." Ma Jingming said.

"data-driven" prizing the financing difficulty of small and Micro Enterprises-- observation on the financing of small and Micro Enterprises supported by Shandong Agricultural Bank

| gov.cn

Xinhua News Agency, Jinan, November 6 (Reporter Yuan Junbao) "it was a real surprise to me that I did not need a mortgage and lent money on the same day to meet the urgent needs of the company." Chen Hongyun, manager of Jinan Hongsheng Tianyou Technology Co., Ltd., repeatedly liked the 540000 yuan loan he recently received from the Jinan Peace Branch of the Agricultural Bank of China.

Chen Hongyun said that as a small and micro enterprise, the company usually has little demand for capital, and when a working capital is needed in the near future, bank staff take the initiative to recommend this product, which is called "tax e loan." Enterprises rely on tax information, without any mortgage, guarantee, to get an annual interest rate of only 4.56% of the loan, "this convenience and concessions, I really did not expect."

In recent years, the financing difficulties and expensive financing of small and micro enterprises have been criticized by all walks of life. In a recent interview with a number of business outlets of the Agricultural Bank of China Shandong Branch, the reporter learned that "driven by big data" is becoming a powerful fulcrum for prying the financing difficulties of small and micro enterprises.

In agricultural bank Jinan high-tech zone branch, Puhui account manager Wang Shuo has been busy promoting "micro loans", "tax e loans" and other new "online" products to support the financing of small and micro enterprises. In her view, big data is becoming a "golden key" for banks and enterprises to dock and finance to support small and micro enterprises. "in the past, the main idea was to guarantee and mortgage, but now we are more concerned about how to accurately 'portrait' small and micro enterprises through big data." Wang Shuo said.

In addition to using tax information, Agricultural Bank Shandong Branch also relies on "Internet + big data" analysis technology, based on the supply chain of large enterprises, to provide financing for many small and medium-sized enterprises. According to Chen Jinmin, president of the Jinan Peace Branch of Agricultural Bank of China, the bank has granted 400 million yuan in credit to Tide Group supply chain enterprises, and the balance of credit has exceeded 100 million yuan by the end of September.

"since 2019, the role of 'online' loans in promoting the development of the bank's micro and micro credit business has gradually emerged." Ma Jingming, vice president of Agricultural Bank of China's Shandong Branch, said that since the official launch of the "tax e-loan" in July, the loan balance had exceeded 1.37 billion yuan by the end of October, adding 2683 new small and micro enterprise loan customers. By the end of October, the bank's small and micro enterprises had "online" loans of 3.64 billion yuan, an increase of 2.98 billion yuan over the beginning of the year, accounting for 75 percent of the bank's small and micro business legal person loans (regulatory caliber).

The reporter learned from a number of business outlets of the Agricultural Bank of Shandong Branch that the bank has taken measures such as tilting assessment, due diligence, and so on, to promote grass-roots credit personnel to "dare to lend and are willing to lend" to small and micro enterprises. Cao Haixia, vice president of the branch of Agricultural Bank of China's Jinan High-tech Zone, said that the higher-level branch has special evaluation and assessment methods for the inclusive financial work of the branch. "good loan products plus strong assessment guidance," At present, the enthusiasm of grass-roots personnel in lending to small and micro enterprises has been significantly increased. "

In addition, in support of loans for small and medium-sized enterprises in agriculture, rural areas and farmers, in recent years, Agricultural Bank has launched many types of loans, such as "Huinong loan", "Poverty Alleviation loan", "Beautiful Rural loan", "Ocean Ranch loan" and so on. At the same time, in order to solve the "difficulty at the beginning" of loans for small and micro enterprises, Agricultural Bank actively promoted the "first loan cultivation action for private and small and micro enterprises." Private and small and micro enterprises with potential, market and prospects but have not yet been lent to carry out accurate cultivation. By the end of October 2019, the growth rate of inclusive financial loans under the supervision of the bank had reached 56.4%, 47.16 percentage points higher than the growth rate of various loans.

In order to give better play to the "data-driven" role, a number of grass-roots bankers look forward to more convenient access to credit information in the fields of market supervision, customs, judicature, water, electricity, gas charges, social security, housing provident fund payments, and so on. In order to be able to give enterprises a more three-dimensional "portrait".

It is understood that in September this year, the National Development and Reform Commission and other departments jointly issued the Circular on deepening the "Credit and easy loan" to support the financing of small and medium-sized Enterprises, calling for further strengthening the sharing of credit information. We will support financial institutions to solve the problem of financing difficulties for small and medium-sized enterprises. The people's Bank of China Jinan Branch is also actively promoting the construction of government procurement contract financing and accounts receivable financing service platform to provide more big data support for enterprise financing.

"with the further empowerment of financial technology and 'data-driven', there will be greater new opportunities for banks to support financing for small and micro enterprises." Ma Jingming said.




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