The Central Government Supports Increasing Financial Services For Small And Medium-Sized Enterprises.

< p > in recent years, the central government has conscientiously implemented the relevant decisions and arrangements of the CPC Central Committee and the State Council on financial support for the development of small and medium-sized enterprises. It has issued a series of fiscal and tax support policies, and has made efforts to guide and encourage all kinds of financial institutions to increase their financial services to small and medium-sized enterprises. It has initially formed a financial and taxation financial support policy for small and medium-sized enterprises, which is mainly composed of financial management, performance appraisal, business norms, financial support and preferential tax.

< /p >

< p > < strong > 1. Create a good environment for the development of small and medium financial enterprises < /strong > < /p >

< p > (1) improve the performance appraisal system of financial support for the development of small and medium-sized enterprises.

In 2009, in the implementation rules of financial state owned and state holding enterprises' performance evaluation (financial [2009]169 number), it was clearly pointed out that financial enterprises with a certain percentage of loans to SMEs can enjoy different grades of performance appraisal plus points.

Among them, SME loans accounted for more than 20% plus 1 points, more than 25% plus 1.5 points, more than 30% plus two points, more than 35% plus 2.5 points, more than 40% plus 3 points.

The "financial enterprise performance evaluation method" (financial [2011]50 number), which was revised in 2011, still retained the above bonus policy.

From the results of performance evaluation in recent two years, the central direct management of commercial banks can actively support the development of small and micro enterprises, and get different grades. 60% of them get 3 points.

< /p >

< p > (two) promoting export credit insurance business to support the development of small and micro enterprises.

One is to encourage China Export and Credit Insurance Corp (hereinafter referred to as CITIC insurance company) to innovate export credit insurance products, and develop small and micro enterprises credit insurance, small and micro enterprises credit insurance E plan and other more suitable for small and micro enterprises' short-term export credit insurance products, to meet the risk protection needs of small and micro enterprises.

In 2013, CITIC insurance company's short-term insurance business supported more than 2.4 small and micro enterprises, an increase of 59.4% over the same period last year.

The two is to launch a pilot project of Business insurance company engaging in short-term export credit insurance.

From January 1, 2013, the Peoples Insurance Company of China will be approved by the relevant departments to conduct short-term pilot export credit insurance.

In 2013, the pilot business of short-term export credit insurance for PICC reached an insured amount of US $3 billion 810 million, supporting 568 export enterprises, including 329 small and micro enterprises.

< /p >

< p > (three) improve the financial management system of SME loans in financial institutions.

According to the relevant requirements of the State Council, the cancellation of bad debts in financial institutions in 2009 has been relaxed, and the policy has been clearly defined as a medium and long term system in 2010.

In 2013, in accordance with the relevant requirements of the State Council, the policy of bad debt cancellation for financial enterprises was further improved. In order to simplify the procedures and expand the independent verification rights of financial institutions, we support the cancellation of non-performing loans by small and micro enterprises, and guide financial institutions to increase their credit to small and micro enterprises.

In accordance with the relevant requirements of the State Council, a management notice was issued in 2009 on the basis of the relevant requirements of the State Council. It authorizes financial institutions to reorganize and reduce loans to small and medium-sized enterprises that meet certain conditions. If the borrower is in financial difficulties and fails to repay the principal and interest in time and in full, he will allow financial institutions to further extend or postpone the principal and interest in the form of debts after the renewal or extension of the debt and the deduction of off balance sheet interest after ensuring that the remaining debts can be repaid as scheduled on schedule after the reorganization and reduction.

< /p >

< p > < strong > two, promoting the construction of SME financing guarantee system < /strong > < /p >

< p > (1) strengthening the system construction of financing guarantee industry.

In 2013, in conjunction with relevant departments, we studied the industry attributes, risk compensation and risk sharing mechanism of financing guarantee institutions, revised the Interim Measures for financing Guarantee corporation management, participated in drafting the guiding opinions on promoting financing guarantee institutions to further support the development of small and micro enterprises, and jointly issued the notice on cleaning up standardized non financing Guarantee corporation with relevant units, so as to further optimize the development environment of the industry and standardize the market order.

< /p >

< p > (two) to guide local finance to increase support for the development of financing guarantee business.

In 2010, it issued the "opinions on local finance departments' active management of financing guarantee business" (financial [2010]23), guiding local financial departments to support and promote the development of financing guarantee business.

Under the guidance of the central policy, all localities have arranged special funds to give risk compensation to the financing Guarantee Corporation and support the steady operation of the guarantee institutions.

By the end of 2013, there were 8185 legal institutions in the national financing guarantee industry. At the end of the year, the guarantee balance was 2 trillion and 570 billion yuan, an increase of 23.1% over the same period last year. The balance of financing guarantee loans for small and micro enterprises was 1 trillion and 280 billion yuan, up 13.9% over the same period last year, which effectively supported the development of small and medium-sized enterprises.

< /p >

< p > < strong > three, < a href= "http://sjfzxm.com/news/index_z.asp > > strengthening < /a > to support the development of financial services for small and medium-sized agriculture related enterprises. < /strong > /p >

< p > (1) carry out the pilot project of increasing the number of agricultural loans involving county financial institutions.

From 2008 onwards, the implementation of the incremental financial reward system for agriculture related loans by county financial institutions has been rewarded by the county financial institutions in the pilot area (excluding the Agricultural Development Bank of China), and the average balance of the loans related to agriculture has increased by more than 15% of the total amount of 2% over the same period. The reward funds are shared by the central and local fiscal authorities.

By the end of 2013, the total amount of financial incentive funds allocated to 1.32 county financial institutions in 18 pilot provinces (districts) has been accumulated to 15 billion 691 million yuan, which effectively stimulated the endogenous motivation of financial institutions to support the development of county economy, promoted the increase of loans related to agriculture, including loans for rural SMEs, and optimized the credit structure.

In addition, in accordance with the relevant requirements of the State Council, from 2012 onwards, the small loan companies that met the requirements of Tianjin, Liaoning, Shandong and Guizhou provinces were included in the pilot scale of the incremental incentive policy for agriculture related loans. In 2013, the first batch of 76 million 600 thousand financial reward funds was allocated to 151 small loan companies in the pilot area, 76 million 600 thousand yuan.

In 2014, in order to implement the spirit of the relevant document of the State Council, we further expanded the pilot scale of the incremental reward policy for agriculture related loans of county financial institutions, so that the pilot area expanded from 18 to 25, including all the main grain producing areas and the vast majority of the central and western regions.

< /p >

< p > (two) implementing the policy of directional fee subsidy for rural financial institutions.

Since 2008, the implementation of directional cost subsidy policy for rural financial institutions has been subsidized by three types of new rural financial institutions, such as village banks, loan companies and rural mutual cooperatives, which have an average balance of loans rising year by year, which meet the regulatory requirements. The subsidy is funded by the central government in accordance with 2% of the average loan balance.

In 2010, the 2255 banking institutions in the west, which are weak in basic financial services, were included in the subsidy scope.

By the end of 2013, a total of 7 billion 726 million yuan had been allocated to 3785 rural financial institutions in the country, which effectively promoted the rapid development of new rural financial institutions and basic financial services covering all townships in the whole country.

In 2014, according to the relevant requirements of the State Council, we refined and perfected the directional cost subsidy policy for rural financial institutions, and issued the "management method of directional financial subsidy funds for rural financial institutions" (financial [2014]12) to further consolidate and expand the policy effect.

< /p >

< p > < strong > four, < a href= "http://sjfzxm.com/news/index_z.asp > > perfect /a < > preferential tax policy for small and medium-sized enterprises financial services < /strong > /p >

< p > (1) business tax.

First, a venture capital enterprise investing in the unlisted small and medium-sized high-tech enterprises for more than 2 years (including 2 years) by means of equity investment can deduct the taxable income amount according to its 70% of the investment amount of the small and medium-sized high-tech enterprises.

The two is to extend the financial insurance income of rural cooperative banks and rural commercial banks where the rural credit cooperatives, village banks, rural mutual cooperatives and banking institutions are wholly funded and the location of legal institutions located in counties and counties (cities below). The policy of levying business tax by 3% tax rate is extended from 4 years to the end of 2015.

< /p >

< p > (two) income tax.

The business tax shall be exempted within 3 years for the income earned by the non-profit small and medium enterprises credit guarantee and the re guarantee institutions engaged in the guaranty business.

From January 1, 2011 to December 31, 2015, the guarantee compensation preparation and undue liability preparation of the eligible SME credit guarantee agencies in accordance with the prescribed proportion will be allowed to be deducted before the enterprise income tax. If the compensation for loss actually occurred in the small and medium enterprises credit guarantee institutions actually meets the requirements, the guarantee compensation preparation that has been deducted before tax should be reduced.

< /p >

< p > (three) stamp duty.

From November 1, 2011 to October 31, 2014, the loan contract signed between financial institutions and small and micro enterprises was exempted from stamp duty.

< /p >

< p > > a href= "http://sjfzxm.com/news/index_f.asp" > next step < /a >, the central finance will follow the objective law of small and medium-sized enterprises and financial development, adhere to the idea of "government guidance, market operation, multi pronged approach and take measures simultaneously" to further strengthen the construction of financial support SME development policy system.

First, establish a sound financial service system for small and medium-sized enterprises in accordance with the requirements of making the market play a decisive role in the allocation of resources.

Two, we should speed up the pformation of government functions, optimize and improve public services, and speed up the construction of financial ecology in small and medium-sized enterprises.

Three, in accordance with the requirements of better playing the role of the government, we should strengthen coordination and cooperation among various supporting policies and reflect the resultant force of policies.

< /p >