Changzhou convened a high-profile symposium for financial institutions on May 11 to delve into the essence of directives from central and provincial financial conferences, evaluate the city's financial landscape, and outline pivotal objectives for 2024. Deputy Mayor Xu Jun attended this significant event.

The symposium focused on the imperative of fostering high-caliber development within the financial sector, enhancing the caliber and efficacy of financial services for the real economy, and diligently mitigating financial risks. Executives from seven esteemed financial institutions, including Jiangnan Rural Commercial Bank and the Changzhou branches of the Agricultural Bank of China, Bank of China, and PICC Property and Casualty Company Limited, delivered insightful addresses. They shed light on their present operations and outlined strategic initiatives to fortify the "Trillion-yuan GDP" milestone as Changzhou embarks on its next phase of growth.

Recent figures underscored the city's robust financial footing, with total deposit balances soaring to 1.93 trillion yuan by the end of the first quarter, marking a notable uptick of 123.6 billion yuan since the year’s commencement. Concurrently, total loan balances surged to 1.74 trillion yuan, reflecting an increase of 110.1 billion yuan and cementing its status as a front-runner in southern Jiangsu. Looking ahead, Changzhou's financial apparatus vows unwavering resolve. It is poised to seize opportunities and orchestrate vigilant oversight, risk mitigation, and developmental initiatives to meet annual financial targets. This commitment is instrumental in upholding financial stability while catalyzing economic and social advancement citywide.

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