"Challenges And Financial Changes Of Global Economic Growth" Held In Shanghai

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The 2016 Lujiazui forum co sponsored by the Municipal People's government, the people's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission held in Shanghai in from June 12th to 13th.

The theme of the forum is "challenges and financial changes of global economic growth".

Guo Ligen, vice chairman of the China Banking Regulatory Commission, said that as of the end of 2015, the balance of loans for small and micro enterprises was 23 trillion and 500 billion yuan, accounting for 23.9% of the loan balance, an increase of 13.3% over the same period last year, which is 0.4 percentage points higher than the average growth rate of loans at the end of 2015.

The balance of agriculture related loans was 26 trillion and 400 billion yuan, which was 1.8 times the end of 2011, and the growth rate was 3.4 percentage points higher than that of loans.

In recent years, China's general benefits

Remarkable progress has been made in the development of the banking sector. First, the banking sector system that meets the needs of Inclusive Finance is constantly improving.

By the end of 2015, the number of banking financial institutions in China has reached 20 redundant species, 4393 legal entities and 220 thousand domestic institutions. The main body of the banking sector is policy banks, state-controlled large banks and global joint-stock commercial banks. The two banks of China's urban and rural small and medium-sized banks and foreign-funded banks have various financial institutions and trust companies. The banks have set up small and micro branches and community branches, which have more than 5000 branches, effectively strengthening the financial services capabilities of small and micro enterprises.

Sexual financial institutions actively explore the establishment of the poverty alleviation and financial undertakings; banking financial institutions have deployed 840 thousand ATM machines and 9 million 630 thousand POS machines, representing an increase of 13% and 12% respectively; the basic financial services have covered 563 thousand administrative villages with a 95% coverage rate.

Banking financial institutions use big data, cloud computing and other new technologies, and actively create digital financial services platform to launch personalized and customized products and services.

The wide application of new technologies such as Internet has greatly improved the efficiency of financial services and reduced costs.

To develop Inclusive Finance, we should pay attention to information system construction and network technology application, deepen the integration of financial services and "Internet +", innovate information collection methods, improve service accuracy, and actively promote mobile banking and network.

And other new terminals, vigorously develop mobile finance, build online and offline integrated financial services system, provide customers with safe, stable and efficient financial services.