Hunan Governor Mao Weiming visits the Bank of Changsha.

On August 18, Mao Weiming, deputy secretary of the CPC Hunan Provincial Committee and governor of Hunan Province, inspected some financial institutions and the Hunan Local Financial Supervision Administration. He asked to implement the spirits of President Xi Jinping’s important speech made when inspecting Hunan and the tenth meeting of the Central Committee for Financial and Economic Affairs; give play to the inter-cycle adjustment role of finance in economic development and the supporting and guaranteeing role in promoting high-quality development; and, accurately guide finance support to the real economy from its sources, to contribute financial strength to the implementation of the Three Highlands and Four New Missions Strategy.

Xie Jianhui, member of the Standing Committee of the CPC Hunan Provincial Committee and executive vice governor of Hunan Province, and Deng Qunce, secretary general of the People’s Government of Hunan Province, attended.

Governor Mao inspects the Shanghai Pudong Development (SPD) Bank Changsha Sub-branch.

Governor Mao inspects the Industrial and Commercial Bank of China (ICBC) Hunan Branch.

Governor Mao inspects the People’s Bank of China (PBC) Changsha Central Sub-branch.

Governor Mao presides over a meeting at the Hunan Local Financial Supervision Administration.

After listening to the report on the work of the Hunan Local Financial Supervision Administration, Governor Mao noted that, in recent years, the provincial financial system and financial supervision departments have seriously implemented General Secretary Xi Jin Ping’s important expositions on financial work. The development of the financial industry has been speeded up and improved with high quality and efficiency. Between January and July this year, Hunan’s newly-added loans reached 471.3 billion yuan, a year-on-year increase of 14.2%. This growth rate ranked fourth in China and second in central China. The loan-to-deposit ratio remained above 85%. The provincial social financing in the first half of this year was 617.22 billion yuan. The added value of the financial industry accounted for more than 5% of GDP. The financial industry has achieved significant results in serving the real economy, helping improve people's livelihoods, promoting financial reforms, and optimizing the financial environment. This effectively guaranteed and promoted the high-quality development of Hunan Province.

This article is from Hunan Provincial Government www.enghunan.gov.cn.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn