Guiyang tops provincial finance evaluations

The Guiyang Central Sub-branch of the People's Bank of China, the Guizhou Office of the China Banking and Insurance Regulatory Commission – as well as provincial and local financial supervision and administration bureaus – recently performed a major joint exercise.

They completed the first environmental evaluation of micro, small and medium finance products and services in 2020 in Southwest China's Guizhou province.

The evaluation included surveys of 36 indexes in four areas and covered nine cities and prefectures, as well as 72 counties and districts in terms of financial statistics.

According to the evaluation assessment, the nine cities and prefectures scored between 74.50 to 81.48 points and the top three performers were Guiyang, Tongren and Zunyi. Among the 72 counties and districts, the top three were Xingyi county-level city, Panzhou county-level city and Songtao county.

The report showed that in 2020, Guizhou achieved marked progress in solving financing problems for micro, small and medium enterprises. The report also analyzed Guizhou's financial support, social environment, credit environment and financing assurances and offered suggestions for improvements.

Plans are for the Guiyang Central Sub-branch of People's Bank of China, the Guizhou Office of China Banking and Insurance Regulatory Commission, as well as provincial and local financial supervision and administration bureaus, to assist financial institutions to improve their funding allocations and services.

Meanwhile, they will also cooperate with administrative departments and government departments to undertake targeted measures and improve Guizhou's development environment for micro, small and medium finance.