Beijing Banking and Insurance Regulatory Bureau and a number of relevant bank departments in charge of the "Capital banking industry to support entities to serve the people's livelihood series of work conference New citizen financial services special event" held on September 26, said that it will continue to enhance the ability to obtain, service and maintain new citizen customers, continue to improve the digital construction level of new citizen financial services, and promote the identification of new citizen customers.

We will continue to improve the level of financial services for new citizens

It is reported that Beijing has more than 8 million new residents, accounting for nearly 40% of the total permanent population. Wu Meng, deputy director of the State-owned banking supervision Department of the Beijing Banking and Insurance Regulatory Bureau, introduced that in terms of new citizen financial services, the Beijing Banking and Insurance Regulatory Bureau has built a platform to promote the incremental expansion of new citizen financial services. By the end of August 2022, 49,300 first-loan approvals have been completed, with a total amount of 202.911 billion yuan; Completed the approval of 18,400 loan renewals, the amount of 66.94 billion yuan, helping enterprises to save financing costs of more than 2.5 billion yuan.

At the same time, Wu Meng said that the Beijing Banking and Insurance Regulatory Bureau also subdivided customer groups to accurately solve the "pain points" of new citizens' needs. Up to now, the banking institutions under its jurisdiction have launched more than 10 types of exclusive credit products for new citizens, more than 10 types of exclusive financial services such as capital account settlement products, and 12 exclusive bank cards for new citizens, covering many fields such as entrepreneurship, employment, housing, consumption, and medical treatment.

Wu Meng revealed that in the next step, the Beijing Banking and Insurance Regulatory Bureau will guide the banking institutions under its jurisdiction to take the new citizen financial services work as the starting point, promote business transformation and development, and constantly enhance the ability to obtain, serve and maintain new citizen customers; Continue to improve the digital construction level of financial services for new citizens, continue to expand and upgrade the functions of the Beijing Financial integrated service network; Promote the new citizen customer identification work, improve the new citizen financial services supervision and statistics standards; Linkage with government departments to continuously improve the infrastructure construction of financial services for new citizens; Strengthen the linkage with the Beijing Banking and Insurance associations, and carry out online and offline publicity activities for new citizens' financial knowledge and display activities for new citizens' exclusive financial products.

The bank actively layout the new citizen service scene

China Securities Journal reporter learned that each bank according to their own advantages and characteristics, are actively in the new citizen financial services layout.

For example, in terms of supporting new citizens to live in housing, China Construction Bank Beijing Branch, together with China Construction Credit Housing Beijing Company, actively explored the construction of collective land rental housing, homestead renovation, commercial (industrial) rent change and other ways to increase the supply of affordable rental housing. As of August 2022, CCB Beijing Branch has supported the construction of more than 50,000 rental housing units with credit, and cooperated with CCB Beijing Housing Company to provide more than 60,000 rental houses through the renovation of idle houses, helping more than 30,000 new citizens and young people to solve housing difficulties.

Ping An Bank Beijing Branch created the "Ping An house loan nationwide" model, aiming at the "separation of people's houses" scenario for new citizens, for customers to achieve through credit, off-site credit and non-repayment of principal renewal. By the end of August, a total of 1.2 billion yuan had been issued, effectively solving the problem of mortgage loans for new citizens who have houses in A city but run businesses or work in B city.

In terms of supporting entrepreneurship, the Bank of Beijing has launched an exclusive entrepreneurial loan "Win Loan" for new citizens entrepreneurs, giving simplified conditions, flexible repayment, and preferential interest rates, especially for customers who own real estate in the cities where the branches of the Bank of Beijing are located, and can support remote real estate mortgage to facilitate new citizens to start businesses in Beijing. More than 400 loans have been issued, with a credit balance of more than 2 billion yuan.

For new citizen groups such as "workplace white" and "college students", Minsheng Bank Beijing Branch launched "Minsheng Small and micro inclusive credit card" and "Minsheng Jingdong PLUS co-branded credit card" and other characteristic cards to help small and micro business owners, cross-city employment "workplace white" and college graduates and other groups integrate into the city faster. For individual industrial and commercial households and small and micro enterprises, Agricultural Bank of China Beijing Branch provides a series of inclusive loan products such as "housing e loan", "industry aid loan" and "industrial chain e loan". As of August this year, the Beijing branch of Agricultural Bank of China has issued 1,650 new citizen loans to 368 households, with a total amount of 227 million yuan.