PSBC(SH:601658) Jin Rong Shi Bao·2025-05-22 01:58Core Insights - The financial system in Hunan Province is actively supporting disaster recovery efforts in Zixing following the severe impact of Typhoon "Gemi," which caused significant economic losses and infrastructure damage [2][3][4] Financial Support and Recovery Efforts - As of February 2025, Zixing's total loan balance reached 27.162 billion yuan, reflecting a year-on-year growth of 17.03%, surpassing the city's average loan growth rate by 5.43 percentage points [2] - Financial institutions in the region have issued a total of 1.224 billion yuan in special loans for disaster recovery [2][4] - The Agricultural Development Bank of Hunan has provided 888 million yuan in special loans for infrastructure repair and agricultural recovery projects [5] Immediate Response and Initiatives - The People's Bank of China in Chenzhou quickly coordinated with local financial institutions to enhance support for disaster recovery, including issuing 700 million yuan in re-loans to local banks [3][6] - Various banks implemented measures such as lowering interest rates and adjusting repayment plans for affected borrowers, with the Construction Bank issuing 51 new loans totaling 51.0682 million yuan [4] Community and Infrastructure Development - The Asian Infrastructure Investment Bank has allocated a loan of 500 million USD for infrastructure recovery in Zixing [5] - Local banks have also engaged in community support through donations, with over 5.08 million yuan contributed to disaster relief efforts [4] Long-term Recovery and Growth - Financial support is not only focused on immediate recovery but also on sustainable development, with initiatives to restore and enhance local industries, such as solar energy projects that are expected to generate additional income for communities [8] - The banking sector has provided 230 million yuan in loans to small and micro enterprises in the cultural and tourism sectors, promoting economic revitalization in the region [8][9]