Core Insights - The financial operation in Zhejiang Province shows stability in total volume, improved structure, reduced costs, and enhanced quality and efficiency, supporting high-quality economic development [1] Financial Volume Growth - As of June, the total deposits in Zhejiang reached 24.34 trillion yuan, a year-on-year increase of 7.7%, with an addition of 1.39 trillion yuan since the beginning of the year [2] - The total loans in the province amounted to 25.34 trillion yuan, growing by 9.0% year-on-year, which is 2.2 percentage points higher than the national average, with an increase of 1.56 trillion yuan since the start of the year [2] - The new social financing scale in the first half of the year was 1.90 trillion yuan, an increase of 211.3 billion yuan year-on-year [2] Credit Support in Key Areas - The People's Bank of China in Zhejiang has set up a special quota of 20 billion yuan for agricultural and small business loans, leading to over 200 billion yuan in loans for foreign trade, consumption, and technological innovation, benefiting over 1 million market entities [3] - The province's technology service loans increased by 20.4% year-on-year, with the amount approved for technology innovation and transformation loans ranking second nationwide [3] - There are 107 projects from listed companies in the province applying for stock repurchase loans as of June [3] Cross-Border Trade and Investment - Zhejiang's foreign trade import and export reached 2.73 trillion yuan in the first half of the year, a year-on-year increase of 6.6%, with exports contributing 2.07 trillion yuan, up 9.1% [4] - The People's Bank of China has optimized cross-border financial services, supporting 56,000 cross-border e-commerce businesses, with a 16% year-on-year increase in online and offline market procurement [4] - Nine companies have implemented cross-border integrated currency pool business, achieving cross-border receipts and payments of 5.1 billion USD [4] Foreign Exchange Service Enhancement - The guarantee ratio for foreign exchange services has been increased from 8% to 10%, saving companies over 1.7 billion yuan in costs [5] - The foreign exchange hedging ratio in the province reached 24.5%, an increase of 7.3 percentage points compared to 2024, with 9,204 new clients [5] - A new digital service program, "Zhijiang Easy Exchange," is set to launch, enhancing the digital and intelligent level of foreign exchange services [5] Cross-Border RMB Business - The province's cross-border RMB settlement reached 1.22 trillion yuan in the first half of the year, with significant growth in various sectors [6] - Cross-border RMB settlements for bulk commodities increased by 11.4% year-on-year, while settlements related to the Belt and Road Initiative and ASEAN grew by 10.4% and 24.9%, respectively [6] - New foreign trade business types saw a 38.3% year-on-year increase in cross-border RMB settlements [6]

Core Viewpoint - The National Foreign Exchange Administration's Laiwu Branch is committed to enhancing foreign exchange financial services for enterprises and individuals, focusing on strategic areas and improving efficiency through various initiatives since 2025 [1] Group 1: Policy Implementation - The Laiwu Branch organized a "Service Team" to conduct in-depth research on foreign trade enterprises, visiting 85 foreign-related entities and resolving 31 practical issues by June 2025 [2] - The branch facilitated trade foreign exchange services for Laiwu Taihe Biochemical Co., Ltd., allowing the company to complete transactions within 5 minutes without needing to visit the bank, thus improving efficiency and reducing costs [2] Group 2: Collaborative Efforts - The Laiwu Branch is enhancing foreign currency exchange services by collaborating with tourism departments to identify suitable locations for service facilities and conducting satisfaction surveys to improve service quality [3] - The establishment of a green channel for foreign exchange services for specific groups, such as foreign nationals and the elderly, has been implemented, with 63 personal foreign exchange service outlets established in the area [3] Group 3: Service Optimization - The optimization of registration management for goods trade foreign exchange is a significant reform, with the Laiwu Branch providing guidance and support to banks to ensure efficient processing of registration business [4] - The first successful registration for a small and micro enterprise was completed on June 1, 2024, demonstrating the effectiveness of the new system in reducing costs and meeting funding needs [4] Group 4: Technological Empowerment - The Laiwu Branch is promoting a cross-border financial service platform to facilitate financing for small and micro enterprises, with $210 million in financing achieved by June 2025 [5] - The electronic tax filing system has significantly reduced the time required for enterprises to process payments, with the business handling time shortened to half an hour [6]