On the morning of September 21, China Financing Guarantee Association and Zhongyuan Guarantee Group Co., Ltd. jointly hosted the second phase of the "Cloud Salon" event at the Yellow River Guest House in Zhengzhou City. The purpose is to gather the wisdom of experts in the guarantee industry from all over the country to jointly explore and solve this practical problem. Jiang Zhiwen, Chairman of Guilin City Small and Micro Enterprise Financing Guarantee Co., Ltd., was invited to attend the meeting as a guest.

Chen Lin, member of the Party Committee and Vice President of the China Financing and Guarantee Association, delivered a speech

Zuo Shouting, member of the Party Leadership Group and Deputy Director of the Local Financial Supervision and Administration Bureau of Henan Province, delivered a speech

Chen Yujin, Secretary of the Party Committee and Chairman of Zhongyuan Re-Guarantee Group Co., Ltd., delivered a speech

Jiang Zhiwen, Secretary of the Party Branch and Chairman of Guilin City Small and Micro Enterprise Financing Guarantee Co., Ltd., delivered a speech

A total of 97 people, Jiang Zhiwen, Chairman of Guilin City Small and Micro Enterprise Financing Guarantee Co., Ltd., Yu Ning, Secretary of the Party Committee and President of Heilongjiang Province Xinzheng Financing Guarantee Group Co., Ltd., Qin Kai, President of Beijing Credit Guarantee Industry Association, and heads of 68 guarantee institutions in Henan Province participated in this salon event.

The meeting adopted a combination of online and offline methods, and arranged interactive question and answer sessions for exchanges between the audience and on-site guests.

At the event site, Chen Jinyu, Secretary of the Party Committee and Chairman of Zhongyuan Re-Guarantee Group Co., Ltd., Chen Lin, Member of the Party Committee and Vice President of China Financing Guarantee Association, and Zuo Shouting, Member of the Party Leadership Group and Deputy Director of the Local Financial Supervision and Administration Bureau of Henan Province, delivered speeches respectively.

Experts from the guarantee industry from Beijing, Henan, Guangxi, and Heilongjiang focused on the theme of "Financing Guarantees Help Small, Medium and Micro Enterprises in Relieving Difficulties" and shared the main experiences of guarantee institutions in helping enterprises relieve difficulties and the current difficulties faced by the guarantee industry., ideas and suggestions for the future development of the guarantee industry, etc.

In his keynote speech, Chen Zuyou, deputy general manager of Zhongyuan Re-Guarantee Group, told everyone about the group's exploration, transformation and development path from four perspectives: system construction, mechanism construction, model creation, and business expansion.

Jiang Zhiwen, Chairman of our company, delivered a speech at the meeting titled "Innovating and Pioneering a 'New Blue Ocean'-Guilin City Small and Micro Enterprise Financing Guarantee Co., Ltd. Helping Enterprises Relieve, Stabilize the Economy and Benefit People's Livelihood."

From the establishment of the company to now, guaranteed loans have increased from 378 million yuan in 2018 to 3.020 billion yuan in 2021, and guaranteed loans have increased at a rate of 150% every year. So far, a total of 6.114 billion yuan of guaranteed loans have been provided to enterprises, with a total of 1,203 guaranteed households, and an average guarantee rate of 0.8%. For companies that have obtained company-guaranteed loans, cumulative sales increased by approximately 8.115 billion yuan, profits increased by approximately 650 million yuan, and jobs increased by approximately 21,000. The development vitality and innovation vitality of small and micro enterprises and "agriculture, rural areas and farmers" in Guilin City have been significantly enhanced. In order to focus on lowering corporate financing thresholds, broadening financing channels, and reducing corporate financing costs. The guarantee business keeps pace with the times, continuously innovates business varieties, vigorously expands the new blue ocean of inclusive finance serving small and micro enterprises, and has successively developed a variety of "political procurement and loan","hotel insurance","park and enterprise insurance", etc. Special innovative guarantee products, and on the basis of the total batch guarantee business, we have launched innovative guarantee products such as "Rural Revitalization Insurance","Seeing Loan Insurance", and "Science and Technology Innovation Insurance". While controlling risks well, we will continue to expand the coverage of support for small and micro enterprises and "agriculture, rural areas and farmers", increase support for small and micro enterprises and "agriculture, rural areas and farmers", reduce fees and give profits to small and micro enterprises, and implement relief.

At the event site, Chairman Jiang Zhiwen also briefly introduced to everyone three characteristic innovative products: "Political Procurement","Beer Loan", and "Hotel Insurance" and their related case analyses.

Chairman Jiang Zhiwen emphasized that the financing guarantee industry for small and micro enterprises and "agriculture, rural areas and farmers" is an important task full of glory and challenges. There is still a long way to go to build my country's financing guarantee system. Under the precise leadership of the Party Central Committee, the State Council, and the China Banking and Insurance Regulatory Commission, and with the strong support of the China Banking and Insurance Regulatory Commission, Guilin Small and Micro Guarantee is willing to work with the majority of financing guarantee colleagues to continuously carry out innovative exploration of financial services to the real economy and jointly serve financing guarantees. Contribute to the healthy development of small and micro enterprises and "agriculture, rural areas and farmers"!

During the interactive session between the audience and the guests on site, the audience asked the guests on the construction of the government financial guarantee system, the difficulties encountered in the process of carrying out the guarantee business, and how to solve them.

Chairman Jiang Zhiwen responded to questions from the audience and replied that due to the continued impact of the economic downturn and frequent epidemics, guarantee institutions have made more or less compensation, but the recovery of compensation often takes several years or even longer. It is recommended that higher-level regulatory authorities introduce relevant bad debt write-off systems as soon as possible.

In addition, he also pointed out that the current construction of the due diligence exemption system is not perfect. In order to clarify the identification of due diligence exemption for relevant personnel, it is recommended that the higher-level regulatory department issue a unified and standardized due diligence exemption system as soon as possible.

After the meeting, Jiang Zhiwen, chairman of our company, said that this "Cloud Salon" event is of great significance to the long-term development of guarantee institutions. It is important to promote the construction of government financing guarantee systems, guarantee business characteristics, model innovation, and corporate culture construction. There are many advanced experiences and practices worth learning, which will provide important help and reference for the future development of our company.