Wang Fei, a 54-year-old deputy general manager of Fujian Investment Group, will serve as the director of the Fujian Provincial Federation

The Paper's reporter Chen Peizhen

On September 1, according to the website of the Fujian Provincial People's Government, after research, it was decided to nominate Wang Fei as the director, director and vice chairman of the Fujian Rural Credit Cooperatives Union (hereinafter referred to as the Fujian Provincial Union).

On July 25 this year, the "Announcement of the Organization Department of the Fujian Provincial CPC Committee on the Announcement of Ou Yanfeng and Other Comrades Before Taking Office" published on the website of the Fujian Provincial People's Government showed that Wang Fei intended to serve as a leading personnel of the provincial management enterprise.

The resume in the announcement shows that Wang Fei, a native of Quanjiao, Anhui, born in October 1966, is a member of the Communist Party of China, has a postgraduate degree on the job, a doctorate in economics, and a senior economist. He is currently a member of the Party Committee and deputy general manager of Fujian Investment Group Corporation, and intends to serve as the head of the provincial management enterprise.

Since the beginning of this year, the leading body of the Fujian Provincial Federation of Cooperatives has been readjusted. On April 17, the official WeChat public account of the Fujian Provincial Federation of Cooperatives, "Fujian Rural Credit", released the news that the Fujian Provincial Federation held a meeting of leading cadres on April 3, and Yang Guohao, executive deputy director of the Organization Department of the Fujian Provincial Party Committee, announced Li Weimin's decision to take office. According to the decision of the Fujian Provincial CPC Committee, Li Weimin is a member and secretary of the Fujian Provincial Federation committee of the CPC.

According to the "Fujian Rural Credit" disclosure, as of the end of June this year, the total assets of the rural credit system in Fujian Province were 933.353 billion yuan, an increase of 5.4% over the beginning of the year; various loans were 473.743 billion yuan, an increase of 7.76% over the beginning of the year, an increase of 0.65 percentage points over the same period last year; 17 banking companies increased by more than 10% in loans, and 7 banking loans increased by more than 1 billion yuan. The balance of deposits was 750.994 billion yuan, an increase of 6.88% over the beginning of the year, an increase of 0.52 percentage points over the same period of the previous year; the deposits of 8 banks increased by more than 10%, and the deposits of 13 banks increased by more than 1 billion yuan.

In addition, as of the end of June this year, the credit asset structure of Fujian United Societies continued to be optimized, with loans accounting for 50.76% of assets, and loans from 47 banks accounting for more than 50% of assets. The structure of non-credit assets continued to be optimized, and the proportion of low-risk business in the financial market increased. The credit of small and micro credit in rural areas continued to increase, with the balance of agriculture-related loans of 328.379 billion yuan and the balance of loans for inclusive small and micro enterprises of 193.813 billion yuan, higher than the growth rate of various loans.

Opened on July 29, 2005, Fujian Provincial Federation is a provincial-level financial institution with independent enterprise legal personality, entrusted by the Fujian Provincial Government to manage, guide, coordinate and serve the rural credit cooperatives and rural commercial banks in the province.

Editor-in-Charge: Zheng Jingxin

Proofreader: Liu Wei