“Currently, the financial industry faces both opportunities and challenges. How can we transform exemplary strength into industry-wide action? How can we stabilize our foundation amid challenges and seek breakthroughs through openness? These are the questions we must contemplate together...”
Yesterday afternoon, the 2025 District-wide Financial Industry High-Quality Development Conference and First Quarter Financial Work Meeting was held. Leaders from the District Financial Development Service Center, the Development Zone Financial Innovation and Development Bureau, and the Beilun Business Management Department of the Ningbo Branch of the People's Bank of China, along with representatives from over 80 financial institutions-including banks, insurance companies, securities firms and local financial organizations-gathered to discuss and deploy key financial initiatives for 2025.
Over the past year, financial institutions across the district have tackled challenges head-on and forged ahead, continuously strengthening financial support. The “Red Chain Loan” was introduced to support key industries such as new energy vehicles, providing a total credit of CNY 30 billion to enterprises along the industrial chain. Targeted implementation of policies such as the “Government Guarantee Loan” and “Youth Beilun Venture Loan Subsidy” has been empowered small and medium-sized enterprises with higher-quality financial services. Additionally, the province pioneered new financial products, including the international multi-modal transport “One-Order System” cargo insurance, contributing financial strength to stabilizing the broader economy.
By the end of 2024, the total scale of deposits and loans in both domestic and foreign currencies reached 609.6 billion yuan, surpassing 600 billion yuan for the first time. Among this, the deposit balance was 331.1 billion yuan, showing a year-on-year increase of 12.1%, achieving the highest growth rate citywide; the loan balance was 278.5 billion yuan, with a year-on-year increase of 9.8%.
The year 2025 marks the final year of the 14th Five-Year Plan and the beginning of the 15th Five-Year Plan. As Beilun’s financial industry seeks to build on its achievements, a new round of development has already been set in motion.
At the meeting, representatives from the District Financial Development Service Center, the Beilun Business Management Department of the Ningbo Branch of the People's Bank of China, the Financial Innovation and Development Bureau of the Development Zone, and various financial institutions exchanged examples, shared insights, and offered suggestions. Beilun Rural Commercial Bank and three other institutions made statements.
The meeting also announced the approval for the establishment of the District Financial Industry Joint Party Committee and held the unveiling ceremony, marking a new stage in party-building efforts in the sector.
“We should focus on key areas, priority industries and target groups, leverage our unique strengths, and fully explore the financial support needed for regional development and industrial growth,” said Zhang Chaoqun, Deputy Director of the Administrative Committee of Ningbo Economic and Technological Development Zone. He suggested strengthening coordination and cooperation, enhancing key indicators through multiple measures, and identifying potential financial demand scenarios.
This year-opening financial work meeting, featuring leadership pledge ceremonies and the distribution of individualized task allocation plans, served both as a comprehensive review of past challenges but also a rallying call for the future, contributing greater financial strength to Beilun's “Double First-Class, Double Demonstration” initiative. (Reporter Mao Feiying, Lin Siyu; Correspondent Li Xue’er)