The Financial Services Special Exhibition of the Service Trade Fair has many highlights, and financial institutions show their talents in supporting "six stability" and "six guarantees"

As one of the eight thematic exhibitions of the 2020 Service Trade Fair, the Financial Services Thematic Exhibition attracted more than 150 domestic and foreign financial institutions to participate in online and offline exhibitions. At the exhibition, the three major policy banks, commercial banks, insurance companies, trust companies, securities companies and other financial institutions discussed implementing the requirements of "six stability" and "six guarantees", increasing precise financial supply, and helping to stabilize and develop the basic foreign trade market. Fintech and others have shown their talents, fully demonstrating the powerful power of China's financial industry to serve and ensure economic development.

Press the "accelerator button" for enterprises to resume work and production

At the exhibition, various financial institutions focused on improving the availability of financing and reducing financing costs, and showed off their plans to help enterprises. "Transcript".

Policy banks have shown their responsibility and consolidated the foundation of the manufacturing industry. The Export-Import Bank of China's Export-Import Bank of China's Export-Import Bank of China's Export-Import Bank of China shows that the bank has set up a first-phase special relief fund of 50 billion yuan to focus on manufacturing loans. As of the end of June this year, the bank's manufacturing loan balance increased by 12.23% compared with the beginning of the year, more than 100 companies were included in the bailout list, and bailout funds exceeded 20 billion yuan.

Major state-owned banks have given full play to their "leading goose" role to help enterprises resume work and production. At this exhibition, the Beijing Branch of China Construction Bank set up a special area called "Together to Fight the Epidemic" to showcase the bank's series of measures and achievements in supporting the real economy and serving the overall situation of "six stability" and "six guarantees". In the first half of this year, the bank provided a total of 225.3 billion yuan in loans to customers in manufacturing, infrastructure projects, private enterprises, etc., and continued to reduce fees and profits to small and micro enterprises. As of the end of June, the annual interest rate of the bank's newly issued inclusive loans to small and micro enterprises had dropped by 51 basis points compared with the beginning of the year. A total of 77 million yuan had been exempted from interest on small and micro enterprises, and more than 10 million yuan had been exempted from assessment, insurance and other fees.

"The financing of small, medium and micro enterprises should be solved through equity investment. In this regard, trust has certain advantages." Yan Guijun, Secretary of the Party Committee and Chairman of Everbright Trust, said that Everbright Trust is currently creating angel investment Funds, venture capital funds, industrial investment funds, high-tech enterprise incubation funds, etc., hoping to help small, medium and micro enterprises solve financing "pain points".

Cross-border finance helps foreign trade companies "go overseas"

At the end of 2019, China Construction Bank took the lead in launching the "Global Matchmaker" intelligent matching platform to support the release of business opportunities for cross-border projects, services and goods and precise matching. The epidemic broke out at the beginning of this year, and "global matchmakers" showed their talents. CCB Beijing Branch released 1,690 pieces of various import and export information of 713 registered companies through this platform, and successfully matched 8.48 million pieces of urgently needed epidemic prevention materials overseas, with a transaction value of more than 100 million yuan. In addition, it also provides a package of comprehensive financial service solutions including payment, settlement, etc. to help companies expand their global "circle of friends" and stabilize foreign trade growth.

Cross-border services are the “golden brand” of Bank of China. At this exhibition, visitors can get a closer look at the advantages and features of Bank of China’s cross-border financial business. For small and micro foreign trade enterprises that are under great financial pressure and severely affected by the epidemic, Bank of China's cross-border matching service solves problems such as introducing technology or exporting products for small and medium-sized enterprises by building an information platform for global small and medium-sized enterprise investment cooperation and exchanges, and helps small and medium-sized enterprises. Better go international and integrate into the global value chain.

In order to help foreign trade companies explore new paths and new models for transformation and upgrading, financial institutions have resorted to "eighteen kinds of martial arts". At this exhibition, the cross-border financial services exhibited by financial institutions attracted visitors to stop and watch.

At the exhibition site, Bank of Communications displayed nearly 200 of its cross-border financial products, innovative solutions and highlighted services in a panoramic manner. Among them, "BoCom Cross-border e-Finance" has innovatively created a one-stop cross-border financial flagship platform for foreign-related enterprises. The relevant person in charge of the bank said that compared with peer electronic platforms, "BoCom Cross-border e-Finance" not only integrates general online banking functions, but also integrates offshore business and free trade zone business. The platform also provides services for import and export trade and cross-border investment. Channels have been established for four major customer groups: financing, free trade zones, and overseas enterprises.

In order to solve business "pain points" such as slow document circulation, difficulty in identifying false trade backgrounds, and information asymmetry, ICBC has established the first cross-border multimodal transport "one-document system" in the country's free trade zones. The trade blockchain platform realizes multi-party data sharing and mutual trust and recognition among logistics, banks, enterprises, etc., monitors cross-border trade throughout the process, and plays a positive role in supporting inclusive financing for small and medium-sized enterprises.

Technology builds a "highway" for financial services

The sense of technology, the future, and interaction are the personal feelings of the audience. At this exhibition, technologies such as artificial intelligence, virtual reality, and blockchain are no longer "high-end" concepts. Diverse presentation methods such as LED video, multimedia interaction, and VR display allow the audience to gain a new immersive financial service experience. . Major state-owned banks such as ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, as well as many financial technology companies such as Ant Financial, Tencent, and JD Digits, appeared on the same stage, fully demonstrating the power of technology to help companies bail out.

In the "Technology Leads Financial Services Innovation" section, Bank of Beijing showcased its featured product "Bingxin Chain". This supply chain product's innovations in financial online, digital, scenario-based and other aspects meet the "contactless" financing needs of enterprises, and use financial technology to promote the practical implementation of "stabilizing enterprises and ensuring employment".

The Bank of Communications' "Smart Financial Services Platform" has quickly launched more than 20 kinds of financial products in the Internet industry, including property butlers, medical butlers, elderly care butlers, religious butlers, smart parks, and fee butlers, through "finance + scenario" incubation. , the number of online corporate customers of various types exceeded 4,000. Build a biometric identification platform to integrate face, fingerprint, voiceprint and other multi-mode authentication methods into more than 120 business scenarios.

The Export-Import Bank of China combines big data to innovate financial services for small and micro enterprises, and explores and designs direct loan products for development zones and foreign trade comprehensive service platforms where small and micro enterprises gather, and continuously expands direct loans for small and micro enterprises. Business pilot. As of the end of June 2020, the bank's on-loan balance for small and micro enterprises increased by 43.2 billion yuan compared with the beginning of the year, benefiting more than 46,000 enterprises; the interest rates on newly issued small and micro enterprise loans and the interest rates on terminal loans for small and micro enterprises achieved a "double decrease" during the year.

The in-depth application of financial technology has also made the global financial market more closely integrated. "The development of financial technology has promoted financial opening up, and the financial industry should be deeply involved in the field of service trade to cultivate the international competitive advantages of China's financial services trade." Huo Xuewen, Party Secretary and Director of the Beijing Local Financial Supervision and Administration Bureau, said that in the future, financial services should be fully utilized. The role of technology in cross-border financial services will promote the interconnection of global financial markets.