Doing a good job in financial services for new citizens is a necessary move to promote the structural reform of the financial supply side and satisfy the people’s yearning for a better life.
Aim at key areas such as employment, housing, and elderly care to expand financial supply, and accurately solve financing pain points such as difficulty in credit rating identification… At the recent press conference held by the China Banking and Insurance Regulatory Commission, Beijing, Shandong, Guangdong, Chongqing and other local Banking and Insurance Regulatory bureaus related to The person in charge explained in detail the experience and practice of financial services for new citizens in various places.
“From our previous questionnaire results, new citizens are most concerned about housing issues and related financial services.” Wang Wuqing, deputy director of the Guangdong Banking and Insurance Regulatory Bureau, said that efforts to make new citizens affordable, stable and good living , financial institutions have the responsibility.
According to him, at present, the personal housing mortgage loans in Guangdong are nearly 4 trillion yuan, 90% of which are first-time home loans, helping new citizens realize “home ownership”. The Guangdong Banking and Insurance Regulatory Bureau guided banking institutions to help the development of the housing leasing market, provided 34 billion yuan in financing for 173 companies, and supported the construction and renovation of nearly 160,000 long-term rental properties.
Small and micro enterprises are the main force to attract new citizens to start their own businesses. Based on the Beijing Loan Service Center, Beijing Banking and Insurance Regulatory Bureau has built a comprehensive financing service platform that integrates the functions of initial loan, loan renewal, right confirmation financing and intellectual property pledge financing. In response to the challenges of the epidemic, we will continue to attract and stabilize new citizens for entrepreneurship and employment.
As of the end of the first quarter, the center has completed a total of 13,300 loan renewal approvals with an amount of 50.43 billion yuan; a total of 40,100 first loan approvals with an amount of 157.85 billion yuan; the vast majority are small and micro enterprise loans and personal business loans.
“By actively supporting manufacturing industries with strong employment absorption capacity, ‘specialized, specialized and new’ enterprises, and private small, medium and micro enterprises, etc., we have strengthened the ‘source of living water’ and provided a strong guarantee for new citizens to gain employment in the city, increase their income, and settle down.” Zhou Guangyu, deputy director of the Chongqing Banking and Insurance Regulatory Bureau, said.
According to reports, in the first quarter of this year, the Chongqing banking industry issued more than 1 billion yuan of guaranteed loans for business start-ups, an increase of 43% year-on-year, and directly supported nearly 6,000 people to start their own businesses.
In the process of enjoying financial services, new citizens face problems such as difficulty in identifying credit rating, difficulty in determining income status, and insufficient valid collateral.
“Financial services for new citizens is an examination question for financial supervision by the new urbanization strategy.” Xu Yanfeng, a second-level inspector of Shandong Banking and Insurance Regulatory Bureau, said that in order to break the information bottleneck of financial services for new citizens, Shandong Banking and Insurance Regulatory Bureau guided banking institutions to explore Establish a “three-place linkage” mechanism for new citizens’ household registration, residence and work places, strengthen information sharing and service coordination, solve the spatial mismatch between the location of financial services and the location of mortgages and pledges through regional linkage, provide accurate services, and effectively diversify risks.
“Beijing Banking and Insurance Regulatory Bureau actively promotes the sharing of government affairs data and regulatory data. The Beijing Financial Comprehensive Service Network has achieved direct data connection with 5 government departments, integrating information on provident funds, social security, medical insurance, civil affairs, and real estate for new citizens. 42 Banking and insurance institutions have applied for access to the network, and with the authorization of customers, they can quickly query relevant data, help accurately capture the credit status of new citizens, and launch corresponding financial products in a targeted manner,” said Wang Wei, deputy director of the Beijing Banking and Insurance Regulatory Bureau.
Under the guidance of regulatory authorities, banking and insurance institutions are actively innovating in terms of products, models and services. Qilu Bank has specially formulated management measures for entrepreneurial loans for new citizens, simplifying the time limit for business operations, and mainly examining customer quality and actual business conditions. The approval and loan can be completed in the shortest 1 day, and the first loan was successfully issued on April 220 million.
The new citizen group has a weak ability to resist the risk of disease or accident, and especially needs high-quality and cheap insurance products to “cover the bottom line” for their production and life.
The Beijing Bureau of Banking and Insurance Regulatory Commission instructs insurance institutions within its jurisdiction to develop exclusive protection products focusing on express logistics, housekeeping services, construction and other industries that attract more employment for new citizens, such as corporate property insurance, employer liability insurance, construction accident insurance, migrant workers Salary payment guarantee insurance, etc., will provide risk protection of more than 410 billion yuan in 2021, benefiting more than 600,000 employees.
There is a long way to go to provide financial services to new citizens. Wang Wei said that he will continue to break through regulatory and government data barriers, enrich data dimensions, help banking and insurance institutions to use big data to accurately assess the credit level of new citizens, and effectively improve the accuracy of new citizens’ financial product pricing and the effectiveness of risk prevention and control. At the same time, it will increase the supply of insurance products and services, do a good job in handling the pilot work of occupational injury protection, and do a good job in insurance protection services for enterprises in industries that attract more new citizens. (Reporter Li Yanxia)Return to Sohu, see more
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