Financial institutions take many measures to ensure that the capital needs of affected enterprises and individuals support flood relief and production and life recovery.

  CCTV News:The reporter learned from China Banking and Insurance Regulatory Commission that in order to support flood fighting and disaster relief and the recovery of production and life, financial institutions have taken various measures to speed up the work of capital investment and insurance compensation.

  It is understood that the banking and insurance regulatory bureaus in Chongqing, Zhejiang, Jiangsu, Guangdong and other provinces and cities have launched emergency plans for major disasters and carried out 24-hour rotation of sudden risk events. Banks in Hunan have set up 61 mobile financial service stations to give priority to meeting the urgent needs of the affected people such as withdrawal and transfer. Jiangsu Banking Insurance Regulatory Bureau requires banks not to simply lend money to credit customers affected by the disaster, but to take the initiative to reduce interest and reduce fees. Banking insurance regulatory bureaus in Zhejiang and Jiangxi require insurance companies to set up a special green channel for claims, simplify claims procedures and procedures, and make sure that all claims are made.

  Banks have also accelerated the release of funds related to flood control and disaster relief. The China Development Bank has accurately met the capital needs of local governments, and has completed 2.89 billion yuan of credit for flood control emergency loans and issued 2.18 billion yuan. Since June, the Agricultural Bank of China has provided 4.6 billion yuan in water conservancy loans to Chongqing, Jiangxi, Anhui and Zhejiang, which has more than doubled compared with the same period last year.