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670 Million yuan Provided as Credit to 3 Tourism Companies in Hengyang
From:衡阳市电子政务办 | Date Add in:2018-06-12 08:00:01 [A  A]

On the afternoon of 7th Jun., three tourism companies receive credits of 670 million yuan at the symposium —— Financially Supporting the Development of Hengyang’s Tourism and Handover Meeting. Zhang Zhang, Standing Committee of Hengyang Municipal Committee of the CPC and vice mayor attends the meeting together with Zhou Yumei, vice mayor, who presides over the meeting.

In recent years, we have seen a good momentum in Hengyang’s tourism with steady high growth of 15% to 25% three years in a row. Tourism has been blessed with tourism projects of over 1000 each year on average since 2016, among which more than 20 tourism projects are key provincial or municipal ones. Yearly investment in the projects reaches 12 billion to 18 billion yuan, yet bank loans contribute little to its gross investment. Therefore, the meeting is called for at provincial level with the aim of binding financial institutions, tourism companies and tourism projects for a mutual development and a win-win for each side.

Zhang points out that to create a better landscape and more opportunities for both tourism companies and financial institutions, it requires that financial institutions learn features of tourism sector, figure out its investment mechanism and the build the idea that financially supporting tourism fosters its own development. With a good command of tourism business, financial institutions can help absorb various capital into the development and construction through small loans, so that tourism companies meet their needs of diversified funds.

Zhou suggests that the municipal government will further pay head to tourism, in the hope that financial institutions give a leg-up to tourism through credit funds. For example, financial institutions constantly report credit policies and new products to tourism companies. Municipal DRC (Development and Reform Commission), Municipal Bureau of Religious Affairs and other departments ought to deliver a good job in product packing to absorb more funds, carving a prominent position of tourism for Hengyang.


Translator: Jing

Sponsored by Hengyang Municipal People's Government, Undertaken by Hengyang Normal University
Co-sponsored by Information Office of Hengyang Municipal People's Government Technical Support & Design:Hengyang Normal University
ICP NO:05002289