The Central Bank Acts On Small Loans.

At 5 o'clock p.m. yesterday afternoon, the official website of the people's Bank of China and the China Banking Regulatory Commission issued almost two documents jointly signed by the people's Bank of China and the China Banking Regulatory Commission at the same time. The core of the document is that the state will increase financial services in rural areas, promote the development of agriculture, farmers and rural economy, support the construction of new socialist countryside, and guide the flow of funds to rural areas and underdeveloped areas, and effectively allocate financial resources.

Mao Yushi, a famous economist who worked for 15 years in Shanxi rural area, welcomed this policy spirit when he interviewed our reporter last night.

In order to regulate the interest rates of the four types of financial institutions, the China Banking Regulatory Commission issued the guidance on the pilot projects of small loan companies yesterday (hereinafter referred to as "opinions"), which stipulates the nature, establishment, source of funds, capital utilization, supervision and management, and dissolution and bankruptcy of small loan companies.

According to the opinions, small loan companies operate in accordance with the law and have no bad credit records. They can be standardized to village banks according to the guidelines for the examination and approval of the establishment of village banks and the Interim Provisions on the management of village banks.

Almost at the same time, the people's Bank of China issued the notice on the relevant policies of village banks, loan companies, rural mutual cooperatives and small loan companies on the official website yesterday (hereinafter referred to as the notice), stipulates the deposit reserve management system of four types of financial institutions, such as village banks, loan companies, rural mutual cooperatives and small loan companies.

The notice stipulates that the deposit rate of institutions authorized to deposit deposits should be managed by the upper limit, which shall not exceed the same level deposit benchmark interest rate announced by the people's Bank of China in the same period.

At the same time, the lower limit is applied to the lending rates of the four types of institutions. The lower interest rate is 0.9 times the same benchmark loan interest rate announced by the people's Bank of China in the same period.

In the interview with the daily economic news, Professor Li Defeng of the school of finance, Central University of Finance and Economics, believes that the above policy is an extension and encouragement to the financial services in rural areas. However, the village banks will not blossom everywhere in the villages, and the government regulators will set up some market access and control.

Li Defeng said: at present, China's rural areas are short of funds, but lack of system.

It is very serious that the rural capital flows into the cities. The introduction of the policy enables the countryside to form a mechanism to better guide the rural funds to be used in the countryside.

At the same time, the introduction of policies can reduce the number of underground banks and illegal fund-raising, and better regulate rural funds.

In the past 15 years, we have been very pleased with the pilot project to help the poor. "Mao Yunus, an economist named" China's Yunus ", said excitedly to the daily economic news on the phone that his small loan company was the only one to help the poor and charity, and the only small loan company to absorb private deposits.

As early as 1993, Mao Yushi launched a pilot project for rural microfinance in Linxian County, Shanxi.

The notice of the reserve fund and the payment and settlement management notice that the rural mutual fund does not deposit the deposit reserve to the central bank at the present stage; the village banks should deposit the deposit reserve to the central bank's local branches in time according to the central bank's deposit reserve regulations, and the deposit reserve ratio of the village banks should be carried out according to the local rural credit cooperatives.

In terms of payment and liquidation management, the four types of agencies can also join the RMB bank settlement account management system and networking verification Citizenship Information System in accordance with the relevant provisions of the central bank.

Eligible village banks can also apply to join the large payment system, the small payment system and the check image exchange system in accordance with the relevant provisions of the central bank.