Jin Rong Shi Bao·2025-08-08 07:57Core Viewpoint - The financial support and policies implemented in Jishishan County, Gansu Province, have significantly aided in the recovery and rebuilding efforts following the 6.2 magnitude earthquake on December 18, 2023, helping local residents restore their homes and revitalize local industries [1][2][3]. Financial Support for Housing Reconstruction - The People's Bank of China (PBOC) in Linxia Prefecture has guided financial institutions to focus on post-disaster recovery and industrial revitalization, resulting in an increase of 3.564 billion yuan in loans by June, a growth of 73.59% compared to the end of 2023 [1]. - Financial institutions have issued a total of 5.7 billion yuan in loans to assist 17,000 affected households in rebuilding their homes [1]. - Specific loan products, such as the "5+N" loan model, have been utilized to provide financial assistance to individuals like Zhang Changlu, who received 50,000 yuan to rebuild his home [2][3]. Comprehensive Financial Policies - The PBOC and local government have introduced policies to support housing reconstruction, including a maximum of 50,000 yuan in five-year fully subsidized loans for households rebuilding on their original sites, and up to 100,000 yuan in ten-year fully subsidized loans for those purchasing new homes [3]. - Agricultural Bank of China has played a leading role in providing disaster recovery loans, disbursing 28.9 million yuan to benefit 2,907 affected families [3]. Support for Industrial Revitalization - Financial institutions have shifted focus to support local industries, launching specialized credit products to provide operational funds for affected residents [4]. - The PBOC organized a financial support meeting, resulting in 11 financial institutions signing credit agreements totaling 774 million yuan with 21 local enterprises [5]. - Various innovative loan products have been introduced, such as "Anti-Seismic Recovery Business Loan" and "Revitalization E-Loan," to meet the diverse financial needs of the disaster-affected population [6]. Enhanced Financial Services - Financial services have been extended to reduce the financing costs for disaster-affected individuals, including interest rate reductions and fee waivers [7][8]. - The PBOC has facilitated a reduction in existing loan interest rates by an average of 50 basis points, with new loan rates decreasing by nearly 100 basis points since the earthquake [8]. - Local banks have implemented mobile services to ensure that financial assistance reaches remote areas, enhancing accessibility for residents [8].