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In 2012, Dandong will make utmost efforts in guaranteeing an increase of new loans of 12 billion yuan ($1.9 billion). The city will also strive to make new enterprises go public with the progression of introducing financial institutions. This will help to ensure the financial stability of the city, according to the Dandong municipal financial work meeting held on April 12, 2012.
Shi Guang, mayor of Dandong, said the city's enterprises enjoy advantages and the entrepreneurs are enthusiastic about enlarging the scale of their enterprises. Banks and other financial institutions should consider providing sufficient financial services for enterprises under a high credit quality condition for cooperation between banks and enterprises.
Loans should be put into the industries that have the potential to boost the economic development of the city. This includes infrastructure, service and tourism. Banks need to make an early schedule and apply for larger scaled credit from the provincial and head offices to satisfy the capital needed for project construction.
Financial work is a systematic work, Shi added. The Dandong municipal Party committee and the government should provide services and create a good financial environment for banks. Supporting policies should be worked out to stimulate promotion of local economic development from financial institutions to encourage banks to increase loans.
Key enterprises and projects should properly prepare for the application of loans. The city also needs to strengthen its credit statistics, scheduling and assessment to solve problems in time. Enterprises and banks can enhance information sharing and communication. The cooperation platform between enterprises and banks can be established to boost banks to increase credit.
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