"The financial industry has little support for the real economy, especially for the manufacturing industry, and the problem of weak service and risk control needs to be solved urgently." Cao Huiquan, deputy to the National People's Congress and director of the Hunan Economic and Information Commission, raised the point when interviewed by the China Industry News reporter. The problems he discovered. Cao Huiquan analyzed the issue of “facilitating the construction of a powerful nation to reduce financing costs.” Cao Huiquan believes that policies need to be introduced to guide banks to increase support for the real economy, especially for manufacturing companies.
The real economy is both the lifeblood of the national economy and the foundation for the healthy development of the financial industry. Cao Huiquan believes that the current financing problems in the real economy, especially in the manufacturing sector, are still more prominent. In particular, the proportion of manufacturing companies in bank credit is seriously skewed. low.
According to central bank data, in 2017, China's GDP reached 827,122 billion yuan, and manufacturing industry was 2420.7 billion yuan, accounting for 29.34%. Manufacturing bank loans were not commensurate with their contribution to GDP. Major banks' manufacturing in the first half of 2017 The loan balance accounts for about 10% of the total balance. Of these, only the Bank of China exceeds 15%.
"As the blood of the economy, the financial industry should play an important supporting role in the real economy. However, in terms of the profit share, the financial industry in the past few years has continued to draw more blood from the entity sector. ' Cao Huiquan is outspoken. .
Cao Huiquan, who is a graduate of engineering majors, likes to use facts and figures to talk about issues. The analysis is deep and deep. Not only is the point of view clear and the arguments are adequate. He repeatedly expressed his urgent expectations for the coordinated development of the financial industry and the real economy.
Cao Huiquan believes that commercial banks have a monopoly position and are not in the same market position as their customers. The real economy, especially the manufacturing industry, is a highly competitive field. Except for a few state-owned large and medium-sized enterprises, the vast majority of investment entities are private capital. Banks have a strong dependence on credit. Commercial banks' monopoly status creates unilateral thresholds for them. Through various 'innovations', they increase the inter-credit charging links, disguisedly raising or passing on financing costs, opening the door to convenience. Cao Huiquan also mentioned that business Bank credit and industry focus and development priorities supported by the state can not be combined together. In addition, excessive financial innovation further push up financing costs and accumulate financial risks.
In Cao Huiquan’s view, under the background of the great strategy of building a powerful country, China's major commercial banks should not have any reason to claim that they are unable to control risks in their credit cooperation with the real economy, especially manufacturing companies, because this is not only a national one. Strategic requirements, more should be the basic skills for banks to survive in the future.
Manufacturing industry is an important measure of the country's overall strength. General Secretary Xi Jinping emphasized: 'The real economy is the country's capital, and we must develop the manufacturing industry, especially advanced manufacturing'.
Cao Huiquan believes that it is imperative for commercial banks to truly regard serving the real economy as the primary task, to grasp the laws of the development of the real economy, to improve the concept and mechanism for serving the real economy, and to improve the overall ability to serve the real economy, especially the manufacturing industry. He suggested that the national financial regulatory authority further Revise and improve relevant policies. First, clarify the proportion of manufacturing credit in the credit scale of commercial banks. Second, specify that commercial banks give key support to “Made in China 2025” key support areas and white list companies. Third, support the optimization of payment delivery by manufacturing companies. system.