The work plan of “1+N” financial services for Inner Mongolia’s key industrial chain was introduced

2022-05-07 0 By

Recently, the Hohhot Central Branch of the People’s Bank of China, the Development and Reform Commission of the Autonomous Region, the Department of Industry and Information Technology, the Department of Agriculture and Animal Husbandry, the Energy Bureau, the local Financial Supervision administration and the Inner Mongolia Banking and Insurance Regulatory Bureau jointly issued the “1+N” Financial Services Work Plan for Key Industrial Chain of The Inner Mongolia Autonomous Region “(hereinafter referred to as the” Plan “).Promote the efficient connection between financial institutions and key industrial chains of the autonomous Region, guarantee the financing needs of core enterprises and upstream and downstream enterprises of the industrial chain, and boost high-quality development.The Plan focuses on the 12 key industrial chains of modern coal chemical industry, bio-pharmaceutical industry, rare earth, non-ferrous metals, wind power equipment, photovoltaic equipment, dairy industry, mutton sheep, beef cattle, potato, cashmere and new energy, as well as the financial needs of the key traditional industrial chain oriented by high-quality development.Establish the “1+N” service mechanism of supply chain finance (each industrial chain determines one bank as the host bank, and other willing banks as the auxiliary bank), and require financial institutions to follow the principle of combining policy guidance with market-oriented and legal operation.To achieve the “four stability” goals of steady growth in total financing of key industrial chains, steady progress in financing structure, steady decrease in financing cost, and steady improvement in financing efficiency.The “Plan” puts forward the work requirements from five aspects of enhancing the level of technology enabling, giving full play to the supporting role of core enterprises, strengthening the services of upstream and downstream enterprises of the industrial chain, broadening the financing channels of enterprises, and making good use of monetary policy tools, and clarifies the responsibilities of each unit.(Reporter Lee Yongtao)