On October 13, Our company's shares Lanzhou yongdeng xinhua village bank was formally established.Become the 1000th village Banks in China . Our company owns 8% shares of the xinhua village bank.

In recent years, xinhua village Banks has developed rapidly, performance significantly, has become a service "three agriculture", the support of "small" financial powerhouse.

-- The number of institutions has grown steadily. Village Banks county service coverage and adequacy improved significantly. So far, has realized the village Banks in 31 provinces of full coverage, coverage of more than 50% of the country's 1880 counties and cities, the central and western regions to form 620, accounted for 62%.

-- will markedly enhance its capability of service. The characteristics of the village Banks to support the small significantly. By late August, at the opening of village bank assets of 520.4 billion yuan, the peasant household loans 122.8 billion yuan, small business loans of 159.8 billion yuan, the total accounted for 89% of all loans; Accumulated to 1.119 million peasant household loans 309.75 billion yuan, the total to 289000 small micro enterprise loans of 532.95 billion yuan.

-- private investment channels. The bank has become an important channel for private capital investment banking. At present, more than 4000 enterprises shareholders village Banks and more than 7000 natural person shareholder investment, private capital of direct and indirect holdings accounted for 70%.

-- regulation effectiveness obvious ascension. Village Banks implementation of legal supervision and regulation and table "double regulation", better hold on to the is not systemic and regional risk the bottom line. As of late August, non-performing loan ratio 0.45%, 480% provision for coverage, dial to borrow more than 2.16%.

Companies to invest in a xinhua village Banks can effectively strengthen the company strategic cooperation relations with financial institutions. Company will be in the China banking regulatory commission puts forward "efforts to training village Banks to be geared to the needs of farmers and small micro enterprise specialization and characterization of micro bank" under the guidance of development goals, promote participation xinhua village bank of construction, enrich the company's management structure, expanding the area of the company's business, improve the competitiveness of the company.

                Picture: lanzhou yong deng xinhua village bank for the opening ceremony

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