Wu Yan: Multi Strategy To Ease The Financing Difficulties Of Small And Micro Enterprises

"Strengthening rural financial services and small businesses with insurance mechanisms"

In the proposal, Wu Yan pointed out that the national financial work conference held earlier this year clearly stated that we should vigorously enhance the financial sector's service function and increase its financial support for the weak areas, in particular, we should accelerate the solution of the shortage of rural financial services and the financing difficulties of small and micro enterprises.

From the practice of PICC in recent years, the insurance mechanism has unique advantages in improving the rural financial service system, activating the rural financial service chain and optimizing the financial environment of small and micro enterprises, and plays an important role in strengthening financial support for two weak areas.

In order to implement the spirit of the national financial work conference, we should give full play to the unique role of the insurance mechanism to better solve the shortage of rural financial services.

First, increase the support and promotion efforts of the rural banking and insurance mutual mechanism.

In accordance with the requirements of establishing an interactive mechanism of bank insurance between rural credit and agricultural insurance, we should popularize the "bank and insurance rich" mode of Shaanxi's facility agriculture, and build a new mechanism of government guidance, financial support, and cooperation between the government, insurance and banks.

We should give a larger proportion of premium subsidy to the insurance business related to microfinance, further liberalize the scope of collateral for rural micro credit collateral, and incorporate insurance policies into the scope of effective collateral for agriculture related loans.

Two, we should actively promote the development of small loan guarantee insurance.

Insurance institutions provide guarantee insurance for small loans issued by banks and small loan companies, so that insurance companies and banks and small loan companies share the risk of loans. It has the function of "42 points" for expanding the financing of small loans and alleviating the financing difficulties of farmers and small and micro enterprises.

It is suggested to create a favorable environment for policies and regulations, give financial support to farmers, small and medium enterprises, guarantee insurance for insurance loans, and incorporate the insurance of lenders' accidental injury into the scope of financial subsidies, thus forming a pattern of "government promotion, multi stakeholder participation and risk sharing".

Three is to further improve the social credit system.

We should promote the establishment of a rating and data sharing platform for small and micro enterprises by establishing bank, insurance and external intermediary rating agencies.