The Ministry Of Finance Will Provide Subsidies To Rural Financial Institutions To Encourage Lending.

The Ministry of Finance (hereinafter referred to as the Interim Measures) issued by the Ministry of Finance (hereinafter referred to as the Interim Measures) issued by the Ministry of Finance (hereinafter referred to as the Interim Measures) issued by the central government's rural financial institutions (hereinafter referred to as the "Interim Measures") shall enjoy the directional financial subsidy granted by the central government in accordance with a certain proportion of the average balance of loans.

The Ministry of Finance said that the interim measures were issued to strengthen and standardize the management of directional fee subsidy funds of rural financial institutions, and support financial institutions to actively fill gaps in rural financial services, steadily expand the coverage of rural financial services, and promote the construction of rural financial services.

The Interim Measures stipulate that the central government has subsidized loans to the loan companies and the rural mutual cooperatives that the average balance of loans increased year after year and reached the regulatory requirements of the CBRC. The average balance of loans increased year by year, and the ratio of the deposit to loan ratio at the end of the year was higher than 50% and the requirements of the CBRC's regulatory indicators required to be subsidized by 2% of the average loan balance of the current year's loans.

The central government provides subsidies to the banking financial institutions (outlets) in the weak areas where the basic financial services are weak, by 2% of the average balance of their loans. New rural financial institutions do not enjoy subsidies repeatedly. The subsidy funds will be allocated in the next year and will be included in the income accounting of financial institutions.

The average balance of loans mentioned in this method refers to the average value of the loan balance at the end of each quarter of the financial institution (Network), that is, the sum of the loan balance at the end of each quarter divided by the quarterly number. If the financial institutions (outlets) are newly established in the year, the average balance of loans is the average value of the loan balance at the end of each quarter from the date of its establishment.

Financial institutions should strictly implement the financial system of state financial enterprises, and seriously and truly report the loans and balances of the institutions. 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 of loans issued in the quarter and the balance at the end of the quarter, as the basis for the financial sector to examine and approve the appropriation of subsidy funds.