Feixian boosts real economy with targeted financial water injection

Feixian County takes optimizing business environment as core driving force of county-level development, and finance serves as key circulating medium to unblock industrial capital supply. For a long time, small and micro enterprises, agricultural operators and tech startups in the county faced prominent financing difficulties including high loan thresholds and long approval cycles, which restricted expansion of characteristic industrial chains such as wood processing and agricultural planting.

The county rolled out a "Three Precise" financial service mechanism. It set up two name lists of unused credit projects, organized special financing sessions named "Bankers Visit Enterprises", and completed big data enterprise portraits to deliver targeted credit support. Heyuan Water Supply, the first local state-owned enterprise realizing data asset mortgage credit in Shandong Province, obtained a 4.5 million-yuan loan from Rizhao Bank by valuing its digital operation data. Special financial products were launched for different industries: "Technology Value Conversion Loan" supported biomedical manufacturers with 160 million yuan credit; "Agricultural Facility Mortgage Loan" and "Livestock Pledge Loan" granted low-interest funds to planting and breeding cooperatives, with a zucchini greenhouse cooperative gaining 2 million yuan credit and a dairy farm securing 50 million yuan via live cattle collateral.

Feixian built a three-layer financial service ecosystem covering financial counseling, emergency refinancing and direct listing financing. By the end of April, the county's outstanding loans of banking institutions reached 59.09 billion yuan, rising by 2.397 billion yuan year-to-date. The county will continue innovating inclusive financial products, accelerate the conversion of data, land and biological assets into credit resources, and continuously inject financial vitality into high-quality county economic growth.

Editor：韩蒙蒙