日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Large banks helping small firms access loans

By Jiang Xueqing | China Daily | Updated: 2020-07-08 10:02
Share
Share - WeChat
A client manager (right) of Agricultural Bank of China Ltd visits the production line of Zhejiang Fenghuachuangxin Micro-Electronics Co Ltd in Jinhua, Zhejiang province, in March. [Photo provided to China Daily]

Collateral-free products backed by big data become key channels for providing financial support to first-time borrowers

Big data has become key for the expanded reach of large banks to micro and small-scale enterprises that have never received bank loans before as the Chinese government urges banks to increase lending to small businesses-especially first-time borrowers-amid the novel coronavirus pandemic.

Online small loan products backed by big data analytics are important channels for China Construction Bank Corp, a major State-owned commercial lender, to further expand its customer base to micro and small businesses that have never received bank loans.

The bank's branch in Zhejiang, a province where micro and small enterprises flourish, signed cooperation agreements with dozens of government departments, leading companies and credible third-party platforms. They became sources of data based on which the bank developed a "quick loan" product series targeting micro and small-scale businesses.

For instance, the State Taxation Administration gave CCB access to companies' tax payment data. The bank designed a loan product based on the tax payment data and the fundamental state of each small business.

If a business owner has good credit history and pays taxes dutifully and honestly, he or she can use CCB's small business loan application software to assess how large a credit line the bank might extend to the company and later the owner can apply for a collateral-free bank loan.

The bank has developed a loan product series for small businesses through cooperation with external institutions including State Grid Corporation of China.

By digging into data provided by external institutions and its own data of transactions and settlement of enterprises in the upstream and downstream supply chain, the bank uses algorithms to decide the maximum amount of credit it extends to a small business.

At the end of May, the outstanding balance of CCB's "quick loan" product series amounted to 38.7 billion yuan ($5.5 billion) in Zhejiang province. The nonperforming loan ratio of this product series was 0.52 percent. Among the total, the balance of collateral-free loans was 8.74 billion yuan, said Yang Xizhou, chief manager of the inclusive finance department of CCB's Zhejiang branch.

"Our collateral-free loan products are very attractive to micro and small-scale enterprises. They have become an important means for us to broaden our range of customers to small businesses that have never obtained loans from banks before. Micro and small-scale businesses can apply for loans at our bank without collateral using their data collected by the government and credible third-party institutions partnering with us," Yang said.

From the beginning of this year to the end of May, 881 micro and small business clients received bank loans for the first time at CCB's Zhejiang branch. The average outstanding balance of their loans was 641,800 yuan per borrower.

The bank stepped up risk management of collateral-free small business loans after the pandemic broke out, requiring staff to pay more return visits to clients, strengthen post-loan management and pay close attention to client data cross-checking. If significant changes occur in client data, the bank will provide early warnings to its branches and subbranches.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本一区二区三区视频在线观看 | 91久久老司机福利精品网 | 91久久综合九色综合欧美亚洲 | 国产成人免费永久播放视频平台 | 夜夜爽天天狠狠九月婷婷 | 亚洲韩国精品 | 日韩高清一区二区 | 亚洲国产日韩欧美高清片a 高清视频在线播放 | 搜一级毛片 | 人人插人人草 | 日韩污视频 | 国产欧美精品一区二区三区 | 精品久久久久久国产 | 精品亚洲综合在线第一区 | 奇米影视亚洲精品一区 | 国产精品98福利小视频 | 欧美线人一区二区三区 | 国产精品123区 | 久久精品人人做人人爽 | 国产麻豆 | 欧美视频在线观看一区二区 | 成人免费视频网 | 欧美一区二区三区四区夜夜大片 | 国产高清视频在线 | 国产精品视频免费的 | 午夜激情影院 | 婷婷久久精品 | 久久综合九色综合97欧美 | 久久久精品网 | 久久美女网 | 日韩中文字幕在线有码视频网 | 在线视频日韩精品 | 丁香六月啪 | 亚洲人免费视频 | 欧美成年黄网站色视频 | 达达兔午夜起神影院在线观看麻烦 | 久草在线观看福利视频 | 欧美乱强性伦xxxxx | 一级毛片免费在线播放 | 精品欧美一区二区三区久久久 | 嫩草99 |