As one of the eight thematic exhibitions of CITES 2020, the Financial Services Exhibition attracted more than 150 domestic and foreign financial institutions to participate in the online and offline exhibitions. In the exhibition, the three major policy banks, commercial banks, insurance companies, trust companies, securities companies and other financial institutions, on the implementation of the "six stability", "six security" requirements, to increase the precise supply of financial, help foreign trade stabilization, and financial technology, etc., each show their own hands, fully demonstrated China's financial industry services. The company's newest product is a new product, which will be available on the market in the next few months.
Pressing the "accelerator button" for the resumption of work and production
At the exhibition, various financial institutions around the enhancement of the availability of financing, reduce the cost of financing, and so on, have sunshine to help enterprises "report card"
This is the first time in the history of the world that the Chinese government has made a decision on how to improve the financial situation.
Policy banks show their commitment to tamping down the roots of the manufacturing industry. Import-export bank set up to implement the "six stable" "six guarantees" requirements plate shows that the bank focuses on manufacturing loan investment, the establishment of the first 50 billion yuan of special relief funds. As of the end of June this year, the bank's manufacturing loan balance increased by 12.23% compared to the beginning of the year, and included in the relief list of more than a hundred enterprises, the release of relief funds of more than 20 billion yuan.
State-owned banks give full play to the role of the "wild goose" to help enterprises resume work and production. In this exhibition, the Beijing branch of the construction bank set up a special area of "concentric anti-epidemic" to display the bank's support for the real economy, service "six stable" "six guarantees" the overall situation of a series of initiatives and results. The bank has made a series of initiatives and achievements in supporting the real economy and serving the "six stabilizations" and "six guarantees". In the first half of this year, the bank has disbursed loans totaling 225.3 billion yuan to customers in the manufacturing industry, infrastructure projects, and private enterprises, and has continued to reduce fees and concessions to small and micro enterprises. As of the end of June, the bank's annual interest rate for newly issued inclusive small and micro-enterprise loans dropped 51 basis points from the beginning of the year, and the cumulative reduction of interest for small and micro-enterprises totaled 0.77 billion yuan, and the reduction of appraisal, insurance and other fees of more than 10 million yuan.
"The financing of small and medium-sized micro-enterprises should be solved more through the way of equity investment. In this regard, the trust has certain advantages." Yan Guijun, party secretary and chairman of the board of Everbright Trust, said that Everbright Trust is currently creating angel investment funds, venture capital funds, industrial investment funds, high-tech enterprise incubation funds, hoping to help small and medium-sized micro-enterprises to solve the financing of the "pain point".
Cross-border finance to help foreign trade enterprises "go to sea"
At the end of 2019, the Construction Bank took the lead in launching the "global aggregator" intelligent aggregation platform to support cross-border projects, services and commodities. The company's business opportunities and precise matching of cross-border projects, services and commodities are supported. The Global Matchmaker was a great help during the outbreak of the epidemic at the beginning of this year. CCB Beijing Branch released 1,690 pieces of import and export information of 713 registered enterprises through the platform, and successfully matched 8.48 million pieces of overseas epidemic prevention materials with a transaction amount of more than 100 million yuan. In addition, it also provides a package of integrated financial service solutions, including payment and settlement, to help enterprises expand their global "circle of friends" and stabilize the growth of foreign trade.
Cross-border services are Bank of China's "gold standard". At this year's show, visitors can get a closer look at the advantages and features of Bank of China's cross-border financial services. For small and medium-sized foreign trade enterprises that are under great financial pressure and seriously affected by the epidemic, BOC's cross-border aggregation service solves the problems of SMEs in introducing technologies or exporting products by building an information platform for global SMEs' investment cooperation and exchanges, helping SMEs to better go international and integrate into the global value chain.
In order to help foreign trade enterprises explore new paths and modes of transformation and upgrading, the financial institutions have made use of their "eighteen skills". In this exhibition, the cross-border financial services of financial institutions attracted the audience to stop and watch.
At the exhibition site, the Bank of Communications displayed a panoramic view of the bank's nearly 200 cross-border financial products, innovative programs and highlights of the service. In addition, the bank's cross-border e-finance program has created a one-stop cross-border financial flagship platform for foreign-related enterprises. The relevant person in charge of the bank said that, compared with the electronic platform of the same industry, "CBI cross-border e-finance" in addition to the general Internet banking functions, but also integrated the offshore business, the free trade zone business, the platform for import and export trade, cross-border investment and financing, the free trade zone, the four categories of foreign enterprises to set up a channel.
In order to solve the slow flow of documents, false trade background is difficult to identify, information asymmetry and other business "pain points", ICBC has built the first cross-border trade blockchain platform based on multimodal transport "a single system" in the national FTZ, which realizes the logistics, The bank has also built the first cross-border trade blockchain platform based on the multimodal transport "one single system", which realizes the logistics, banks, enterprises and other multi-party data*** enjoyment and mutual trust and recognition, and the whole process of monitoring the cross-border trade, which plays an active role in supporting the inclusive financing of small and medium enterprises.
Technology and financial services "highway"
Technology, futuristic, interactive, this is from the audience's personal feelings. In this exhibition, artificial intelligence, virtual reality, blockchain and other technologies are no longer "high" concepts, LED video, multimedia interaction, VR display and other diversified presentation, so that the audience get a new experience of immersive financial services. Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BCC) and other state-owned banks, as well as Ant Financial Services (AFS), Tencent, Jingdong Digital Technology (BDT) and many other financial and technology companies appeared on the same stage to show the technological power of the enterprises.
In the "Technology-led Financial Service Innovation" section, Bank of Beijing showcased its specialty product "Jingxin Chain". The supply chain product's innovations in online finance, digitalization, and scenarioization meet the "no-touch" financing needs of enterprises, and promote the practical implementation of "stabilizing enterprises and preserving employment" by means of financial technologies.
The Bank of Communications' "intelligent financial services platform" has been incubated through "finance + scenarios", and has rapidly launched more than 20 Internet industry financial products such as property management, medicine management, pension management, religious management, intelligent parks, and charge management, which have been launched on the Internet and are now available to more than 4,000 customers. The number of public customers of various types exceeded 4,000. The company has built a biometrics platform, which connects multi-mode authentication means such as face, fingerprint and voiceprint to more than 120 business scenarios.
Exim Bank, on the other hand, combines big data to innovate financial services for small and micro-enterprises, and explores the design of direct lending products for development zones where small and micro-enterprises are concentrated and for comprehensive foreign trade service platforms, and continuously expands the pilot of direct lending business for small and micro-enterprises. As of the end of June 2020, the balance of the bank's microenterprise loans increased by 43.2 billion yuan from the beginning of the year, benefiting more than 46,000 enterprises; the interest rate of new microenterprise loans and the interest rate of microenterprise end-use money to achieve a "double decline".
The in-depth application of financial technology has also made the global financial market more closely integrated. "The development of financial technology promotes financial openness, and the financial industry should plumb the depths of the service trade field to cultivate China's international competitive advantage in financial service trade." Huo Xuewen, secretary of the party group and director of the Beijing Municipal Local Financial Supervisory Authority, said that in the future, giving full play to the role of financial technology in cross-border financial services will promote the interconnection of global financial markets.