Section 79 Credit Reporting and Finance

As the scissors were gently cut, the red silk fell to the ground, and the crackling sound of firecrackers sounded. The guests on the red carpet raised their hands to applaud their hands to celebrate. Zhao Guodong, who was in the middle, smiled, and the shiny metal nameplate also tore open the veil covered on it. A few black words from the Ningling Branch of Pudong Development Bank shone brightly in the sun.

This is the third time Zhao Guodong went to this morning. If Zheng Jian, who had just become the president of the People's Bank of China Andu Branch, had not been to attend the opening ceremony of these banks, Zhao Guodong would never have attended such a ceremony. Of course, Zheng Jian would have attended the opening ceremony of these commercial banks because Zhao Guodong served as the municipal party committee in Ningling, and Zheng Jian helped to organize many of the early work. Otherwise, the Ningling Branch of the Pudong Development Bank, which was originally delayed after the New Year, would definitely not be able to rush to the forefront of the opening of three banks at the same time.

Since the second half of the year, Ningling's economic growth rate ushered in another booming period of rapid growth. In August, the province's economic growth rate reached 1.12% year-on-year, while Ningling's economic growth rate reached 99.8%, the highest this year. In September, Ningling's economic growth rate hit a new high, reaching 102%. In just seven and three months, the city added 1,668 new enterprises and 16.2 billion yuan of registered capital, including 98 new enterprises with registered capital of more than 30 million yuan, including seven enterprises with registered capital of more than 100 million yuan, three development zones, two in Xijiang District, and one in Dongjiang and Tucheng.

It is precisely because of the strong growth of the secondary and tertiary industries that Ningling City's demand for financial capital has also increased dramatically. The number of accounts opened by China Merchants Bank and China Merchants Bank Ningling Branch, which have just opened not long ago, have rapidly increased, becoming the highlight of the two banks' distribution points in the central and western regions.

After the Central and Western Historical Folk Culture Festival in May, Ningling's reputation also increased to a higher level, which greatly increased the attention of Ningling from all walks of life at home and abroad. In addition, the high-profile successful holding of Ningling Talent Recruitment Fair in October caused a sensation in the province.

Ningling Zhuyou Environmental Protection Materials Co., Ltd. has become a member unit of the American Green Building Association. The bamboo processing building materials it produces have become a green building system evaluation leed certified product, which has also caused considerable shock. From January to August, Zhuyou Environmental Protection Materials Co., Ltd. has achieved exports of 66 million US dollars to Europe and the United States, and has established second and third production plants in Pennsylvania and Nanhua respectively.

On November 5, the Economic Edition of the People's Daily reported on a very impressive page. "Green Rise" introduced the rapid development of Ningling's environmental protection industry, which made Ningling, which was originally known as the new energy capital and the silicon city, suddenly discovered. It has quietly become the most important environmental protection equipment production and R&D base in the country, and it was flattered for a moment.

It is precisely because of the good development prospects of Ningling's economy that Minsheng Bank, Everbright Bank, and Pudong Development Bank, which had already been deployed in Ningling in the early stage, have begun to accelerate the establishment of Ningling Branches, and Ningling's economy does need a more prosperous and developed financial market. Before the establishment of the three banks, the business departments of two securities companies and two rural small-scale guarantee companies were also established in Ningling one after another. This series of actions marks that Ningling has become a real hotbed for development.

Zhao Guodong and Zheng Jian walked to the door, Wen Yanhua followed behind, and Audi had slowly stopped down the ladder.

"Let's go, President Zheng, go to my place to take a seat?" Zhao Guodong said with a smile, glanced at the brand new Audi following his car, "Or, you can also take your new car."

Zheng Jian pushed Zhao Guodong carelessly, and Wen Yanhua was surprised. It seemed that the relationship between the two was extraordinary. Zhao Guodong's connections were really not simple. You would inadvertently find the special relationship between someone and him. No wonder the other party was invincible.

Zheng Jian did not refuse and got into Zhao Guodong's car. Wen Yanhua originally wanted to get into his Accord, but at the invitation of Zheng Jian, he got into Zhao Guodong's Audi.

"Mayor Wen, your Ningling financial industry development is the best in the province. If you want to say that Andu should have been the well-deserved boss, but now it seems that they are behind in many jobs. To be honest, they have a slow sense of smell and lag in reaction. Although work has a certain relationship with the economic development of Andu, on the other hand, the financial industry has also played a restrictive role in the economic development of the place." Zheng Jian leaned comfortably on the back seat, and his fingers hit the rhythmic handrail on the center of the cushion: "How is the shareholding reform of your Ningling Commercial Bank going?"

"Governor Zheng, the preliminary work has been done almost. The negotiation stage is now in full swing. We hope to introduce some strategic investors with experience in the industry. At the same time, we hope that some well-known domestic companies can enter our Ningling Commercial Bank, which can further promote our Ningling Commercial Bank to get out of a corner of Ningling." Wen Yanhua turned around and leaned his head on it as a pillow.

"A corner of Ningling? Mayor Wen, don't underestimate this corner of Ningling. This year, the province is saying that Ningling will be the first non-provincial capital city in the central and western regions with a GDP of over 100 billion. Such a large economic capacity is enough to give Ningling Commercial Bank a stable rear." Zheng Jian said with a smile.

"It's not enough to have a stable rear. President Zheng, we hope that Ningling Commercial Bank can establish itself in Ningling, but the next goal is to target An and Hunan provinces, and the ultimate goal is to go public and go to the whole country."

Wen Yanhua's heroic spirit was revealed during his words and conversation, which left a deep impression on Zheng Jian.

"Well, it is the foundation to build a foothold in Ningling. If you look at these banks who come to Ningling, you should know the potential of Ningling. This is not enough for anyone to exert influence on their work. Capital will only follow when seeing profits. Ningling Commercial Bank is looking for strategic investors to improve management structure and develop development ideas. This is correct, but in business development, it is still necessary to do as much as you work. Of course, it is necessary to speed up appropriately." Zheng Jian said with a smile.

Zheng Jian and Wen Yanhua had a fierce discussion on the development prospects of Ningling Commercial Bank. Zheng Jian also had a good impression of the deputy mayor, so he tried his best to respond to the topics raised by Wen Yanhua. However, Zhao Guodong became an outsider and just sat aside with a smile and said nothing.

Wen Yanhua got into the state quickly and felt the importance of the municipal party committee and government for her, such as investment promotion, finance, and business, which were originally in charge of the executive vice mayor, which also made her feel excited and a little stressed, so she was devoted to her work since she arrived in Ningling.

It’s better to attract investment, but I finally have some contacts, but I have never been in contact with finance and business before. Moreover, because the city is more about cultivating, promoting and guiding financial and business work, not directly managing, so in this regard, we need to calm down and understand the situation and explore work experience.

However, Wen Yanhua's efforts have still achieved some results. Ningling's financial market benefited from the strong momentum of economic development and showed a thriving trend. Currently, five non-state-owned commercial banks, including China Merchants Bank, China Merchants Bank, Minsheng Bank, Everbright Bank, and Pudong Development Bank, have all taken the lead in Ningling, which is also the first in the central and western regions. Many financial guarantee companies formed by Jiangsu and Zhejiang Capital have also taken root in Ningling and have shown a very good development trend.

The Ningling City and County governments have spared no effort to cultivate the financial market system, especially in the construction of the credit reporting system, which has gone ahead, surpassing other cities and counties and is one of the best in the country. This has used a considerable amount of manpower and material resources and consumed a lot of energy, but it has an incomparable role in the healthy development of the entire financial market.

Zheng Jian chose to come to Ningling not entirely because of his personal relationship with Zhao Guodong, nor because of the rapid development of Ningling's financial market scale, but more importantly, the construction of Ningling's financial market system, especially the credit reporting system construction, has reached the forefront of the country, which has attracted great interest, including the leaders of the People's Bank of China and the Credit Reporting Administration. This time, he came to Ningling to play a front station. It is estimated that after a year, the deputy governor in charge of credit reporting work of the People's Bank of China will lead a group of people from the Credit Reporting Administration to Ningling for on-site investigations, so he must first come to learn about what new paths Ningling City has made in the construction of the credit reporting system and to what extent it has achieved.

To be honest, Ningling's financial market has also developed quite rapidly, especially with the rapid rise of the private economy in the region and the rapid growth of Ningling's overall economic scale, many commercial banks have seen the vigorous vitality on this soil. With economic development, there is the need for financial capital. This is inevitable, which means business expansion and profit points. This is also the main reason why commercial banks collectively enter Ningling.

Of course, another important factor is that Ningling City spares no effort in the construction of the credit reporting system and uses various government resources to strengthen the construction of the credit reporting system in the whole society, especially putting the construction of the corporate credit reporting system in the first place. This not only reduces massive risks for the development of the banking industry, but also provides huge market opportunities for the development of financial guarantee companies.
Chapter completed!