In the first five months this year, Anhui province enlarged the scale of financing and optimized the credit structure, maintaining a good momentum of economic development, according to Financial Work Office of Anhui Provincial People’s Government.
Deposits and Loans Grow Rapidly
At the end of May, the balance of foreign currency deposits reached 4500.356 billion yuan, up 17.5% year on year, with an increase of 367.923 billion yuan over early 2017.
The balance of foreign currency loans amounted to 3270.757 billion yuan, up 16.7% year on year, with an increase of 193.306 billion yuan over early 2017.
Small & Micro Firms Expand Credit
At the end of May, the loan balance of provincial small and micro firms totaled over 789.032 billion yuan, up 25.53% year on year, with an increase of 73.211 billion yuan over the early 2017.
The loan balance of small firms amounted to 719.112 billion yuan, up 24.3% year on year, while that of micro firms reached to 69.92 billion yuan, up 39.66% year on year.
Key Areas keep Stable Credit Growth
In Wanjiang Demonstration Area, the loan balance reached to 2374.543 billion yuan, up 15.91% year on year, accounting for 62.45% of provincial added loans.
In Hefei-Wuhu-Bengbu Independent Innovation Pilot Area, the loan balance hit 1713.515 billion yuan, up 14.51% year on year, with an increase of 81.219 billion yuan over the beginning of the year.
In Anhui northern area(6 cities and 5 counties), the loan balance amounted to 840.935 billion yuan, up 22.77% year on year, with an increase of 81.58 billion yuan over the beginning of the year.
Anhui Processes 98 Listed Firms
From January to May, the direct financing amounted to 226.21 billion yuan, with an increase of 54.04 billion yuan over the same period last year. The stock financing hit 55.04 billion yuan, increasing by 93.1% year on year. By the end of May, 89 firms launched initial public offerings(IPO). There were also 341 National Equities Exchange and Quotations(NEEQ)-listed firms(also known as the new third board firms) and 1,345 entity investment firms.
Risk Insurance Plays a Role
In the first five months, Anhui got 60.324 billion yuan premium income, ranking 11th nation in China. The income of property insurance amounted to 14.482 billion yuan, up 13.23% year on year. The income of life insurance amounted to 45.843 billion yuan, up 34.55% year on year. The insurance payments reached to 18.132 billion yuan, up 22.9% year on year.
Nearly 50,441,800 mu(about 33.64 square meters) of croplands, 9,386,600 livestocks and 6,627,800 peasant households enjoyed agricultural insurance of 22.645 billion yuan.
Hefei Adds 5 Listed Firms
In the first half of the year, Hefei, the capital city an Anhui, made a rapid progress in the financial market .
In H1, the direct financing amounted to 134.646 billion yuan, up 45.93% year on year, accounting for 52% of the whole province, including the equity 6.724 billion yuan and bond financing of 127.922 billion yuan.
Hefei added 5 listed firms, ranking 1st among capital cities in central China. 4 firms would be reviewed by China Securities Regulatory Commission(CSRC). 6 firms were put on records by CSRC. There were 10 NEEQ-listed firms in Hefei.(by Jiang Xueting)