Interpretation Of Expanding The Policy Scope Of Directional Fee Subsidy For Rural Financial Institutions

1, what is the background of the central finance's expanding the scope of the directional fee subsidy policy for rural financial institutions?

In 2010, Document No. 1 of the Central Committee put forward that we should make great efforts to establish new rural areas in remote areas.

　　2、擴大定向費用補貼政策范圍的目的和政策預期是什么?

First, we should ease the contradiction between the high cost, low profit and high risk of financial institutions in the weak areas of basic financial services, improve the sustainability of financial institutions providing services in these areas, support local economic development for a long time, and gradually form a virtuous circle of financial support for economic development and good environment for finance.

Two, we should give full play to the guiding role of policies, eliminate the misgivings of financial institutions on the establishment of outlets and conduct business in the weak areas of basic financial services, encourage more financial institutions to set up new outlets in these areas, build a healthy competitive rural financial market environment, promote the gradual improvement of the rural financial service system in rural areas, and raise the level of rural financial services.

　　3、擴大前的定向費用補貼政策的主要內容是什么?

In order to implement the spirit of the party in the third Plenary Session of the 17th CPC Central Committee, support the pilot work of new rural financial institutions and improve the quantity and quality of rural financial services supply, the Ministry of finance has carried out targeted cost subsidy work for new rural financial institutions nationwide. The three new rural financial institutions, such as village banks, loan companies and rural mutual cooperatives, have increased year-on-year loans from January 1, 2008 to December 31, 2010, and the average year-end deposit and loan ratio of village banks is still higher than 50%. Subsidies are given to 2% of the annual average balance of loans, and all the subsidy funds are borne by the central government.

　　4、擴大前的定向費用補貼政策執行情況和效果如何?

In 2009, the Ministry of Finance approved the application of subsidy funds for new rural financial institutions according to the fund management method.

Of the 107 new rural financial institutions at the end of 2008, 65 were eligible for subsidies, and in 2009 the central government allocated 41 million 890 thousand yuan of subsidy funds.

On the one hand, the introduction of the policy has mobilized the new rural financial institutions to improve the supervision targets and increase the enthusiasm of loans. On the other hand, it has demonstrated the demonstration effect and guided social capital to "three rural issues".

According to the CBRC statistics, as of the end of 2009, 172 new rural financial institutions were set up nationwide, 65 more than the end of last year, 26 billion 900 million yuan at the end of the year, and 18 billion 100 million yuan in loans, representing 315.70% and 429.86% respectively higher than the end of last year.

　　5、定向費用補貼政策擴大的范圍和對象是哪些?

The scope of directional cost subsidy policy is the financial institution network established by towns with weak financial services.

According to the relevant statistics of the CBRC, the Ministry of finance has identified 2255 townships (towns and timber trees) in the remote areas of the 12 provinces (autonomous regions and municipalities) in the West as the scope of the expansion of the directional cost subsidy.

The list of towns with weak financial services has been announced.

The banking financial institutions approved by the banking regulatory authorities in these areas, including state-owned commercial banks, joint-stock banks, urban commercial banks, rural cooperative financial institutions, new rural financial institutions, postal savings banks and other institutions, can enjoy subsidies.

　　6、擴大定向費用補貼政策范圍的標準和條件是什么?

From January 1, 2010 to December 31, 2012, the central government provided targeted financial subsidies to the banking financial institutions in the towns with weak financial services in the western region. The subsidy funds were fully borne by the central government and paid in the next year as the income of the financial institutions. 2%

The average annual loan balance refers to the average value of each loan balance at the end of each quarter of a financial institution, and the calculation method is divided into quarterly figures according to the balance of loans at the end of each quarter.

The average balance of annual loans is the average value of each loan balance at the end of each quarter.

　　7、擴大范圍后的定向費用補貼政策與擴大范圍前的政策如何銜接?

The new rural financial institutions continue to enjoy the policy of directional cost subsidy.

The average annual balance of loans increased year by year, and the new rural financial institutions in line with the regulatory requirements of the CBRC, of which the ratio of savings to loan ratio of village banks was higher than 50%, could enjoy a directional cost subsidy equivalent to the average annual loan balance of 2%.

If a new type of rural financial institution is established in a township with a weak financial base, if the agency meets the above conditions and has received subsidy funds, it will no longer enjoy the subsidy to the financial institutions of the towns with weak financial institutions. If the agency fails to meet the requirements of the subsidy from the new rural financial institutions in the year, it can be a subsidy to the financial institutions in the towns with weak financial institutions.

In the 2009 year, the application, auditing and appropriation of directional fee subsidy funds for new rural financial institutions continued to implement the relevant provisions of the Interim Measures for the management of directional cost subsidy funds of the new type of rural financial institutions of the central financial authority (financial [2009]31 No.).

After the subsidy fund was appropriated in 2010, the financial [2009]31 document was terminated.

Since the beginning of 2010, the application, examination and appropriation of directional financial subsidy funds for rural financial institutions (including new type rural financial institutions) have been carried out uniformly, and the Interim Measures for the management of directional cost subsidy funds of the new type of rural financial institutions of the central government (financial [2010]42) have been carried out uniformly.

　　8、金融機構應如何申請補貼資金?

Financial institutions apply for subsidy funds to the county level financial departments on a yearly basis.

Financial institutions with legal person qualifications in counties and counties shall apply for legal entities as financial institutions. Branches of other financial institutions in counties and below counties shall apply for their applications at the county level branches.

The application materials of subsidy funds for new rural financial institutions should reflect the average balance of the loans, the growth of the year-on-year loans, the amount of funds applied for subsidies, the year-end deposit and loan ratio of village banks, and so on, and explain whether they meet the regulatory requirements of the CBRC.

The application materials of subsidy funds for financial institutions in areas with weak basic financial services should reflect the average balance of loans, the year-on-year growth and the amount of funds applied for subsidies, and attach the approval of the local banking regulatory authorities to establish local business outlets.

Within 10 working days after the end of each quarter, financial institutions shall submit to the county level financial departments the data on the amount and balance of loans issued in the quarter, as a basis for the financial sector to examine and approve the appropriation of subsidy funds.

　　9、申請、審核和撥付補貼資金有哪些時間要求?

The financial institutions shall submit the application materials for the subsidy funds for the previous year to the county level financial departments before February 20th of each year.

The county level financial departments shall issue the audit opinions within 10 working days, and apply for subsidy funds to the provincial financial departments. The provincial financial departments shall, after summarizing and examining, submit the audit to the office of the Ombudsman of the province (district and city).

After receiving the application materials of subsidy funds from the provincial finance department, the Commissioner will issue an audit opinion within 20 working days.

The provincial finance department put forward the application of subsidy fund to the Ministry of finance before April 30th, and attached the audit opinion of the Commissioner Office.

After the Ministry of finance has made an examination of the application of the provincial financial departments, it has actually allocated the eligible subsidy funds to the provincial financial departments.

After receiving the subsidy funds appropriated by the Ministry of finance, the provincial financial department pfers funds to the county level financial departments within 10 working days, and the county level financial departments pay the financial institutions within 10 working days after receiving the subsidy funds pferred by the provincial financial departments.

　　10、地方財政部門如何做好定向費用補貼工作?

On the one hand, the local financial departments should give guidance to the financial institutions' application for subsidy in the area, do well the organization and coordination of the audit and allocation of the subsidy funds, and check with the relevant departments the audit of the subsidy funds, and timely handle and reflect the problems found in the inspection, so as to ensure the implementation of the financial subsidy policy.

On the other hand, the competent local financial departments can arrange local subsidy funds according to the actual situation of the region, increase the subsidy policy, and better promote the development of rural finance.