We need to move from the dreaming stage, to the belonging stage and finally to the achieving stage. I hope the Federation’s Strategic Planning workshop would deal with and address the issues I have raised. It is important that we all work together to ensure that the savings and loan industry achieve its full potential for the benefit of its members.
More than RMB100 billion of on-lending will be mainly provided to small and medium-sized banks, especially Internetbased banks, so as to ease financing difficulties and reduce financing costs for micro and small businesses (MSBs). The coverage of the government financing guaranty will be expanded and guaranty fees reduced for a reasonable sharing of risk losses.