Core Viewpoint - The People's Bank of China (PBOC) Kaifeng Branch has effectively utilized the re-loan policy for agriculture and small enterprises to support local economic development, achieving significant financial results and demonstrating the policy's impact on the real economy [1] Group 1: Policy Implementation and Financial Impact - As of the end of August, the balance of re-loans for agriculture and small enterprises in Kaifeng reached 4.128 billion yuan, with a cumulative issuance of 2.065 billion yuan, both ranking first in the province [1] - The PBOC Kaifeng Branch has organized various meetings to guide local financial institutions in expanding credit to agricultural, private, and small enterprises, resulting in a weighted interest rate for county loans that is 2.07 percentage points lower than self-owned funds [2] - The cumulative re-loan usage by local financial institutions has exceeded 10 billion yuan since 2022, indicating a nearly doubling growth rate [3] Group 2: Collaborative Efforts and Monitoring - The PBOC Kaifeng Branch has established a collaborative mechanism with local government and industry departments to enhance the use of monetary policy tools, ensuring a high utilization rate of 92% for the credit limits set for local rural commercial banks [3] - A monitoring system has been implemented to regularly assess the effectiveness of monetary policy tools and provide feedback to local governments [3] Group 3: Innovation and Tailored Services - The PBOC Kaifeng Branch has guided local financial institutions to innovate by developing unique credit products tailored to local industries, such as "Garlic Loan" and "Spicy Noodle Loan," resulting in nearly 400 million yuan in loans benefiting over 600 market entities [4] - The branch has facilitated the use of various collateral types to support financial institutions with insufficient eligible collateral, enhancing their ability to issue loans [4] Group 4: Supervision and Evaluation - The PBOC Kaifeng Branch has implemented effective supervision measures to ensure a smooth transition of the re-loan policy, including targeted inspections and training for loan processing staff [5] - The evaluation results of the re-loan policy implementation by the PBOC Kaifeng Branch have been rated as "excellent," indicating significant improvements in management and usage efficiency [6]