Deepen The Comprehensive Financial Reform, And Let More Funds Flow To The Real Economy.

Over the past few days, representatives of the two sessions of the textile industry have exchanged and discussed the difficulties and problems facing the high quality development of the textile industry during the two sessions.

We have put forward problems and suggestions in light of the actual situation encountered in their respective areas and production lines. We hope that relevant departments of the state will pay more attention to and support for macroeconomic policies, and solve the problems that the manufacturing industry is facing generally, such as rising costs, financing difficulties and financing problems, so that the real economy can get better protection in the development.

This year's "government work report" clearly stated that efforts should be made to alleviate the financing difficulties of enterprises.

We should reform and improve the mechanism of money and credit, and timely use the quantity and price means such as deposit reserve ratio and interest rate, so as to guide financial institutions to expand credit delivery and reduce the cost of loans, accurately and effectively support the real economy, and can not make capital idle or real.

Qiu Guang he, chairman of the National People's Congress and chairman of Semir group, is located in Wenzhou, Zhejiang. He is very concerned about the development of Wenzhou's comprehensive financial reform and private financing.

He said that after nearly 6 years of practice and exploration, Wenzhou financial reform has implemented many innovative measures, and achieved good results in financial services, private economy, private enterprise financial risk disposal, private financing norms and local financial supervision.

As the first comprehensive financial reform pilot area in the country, many innovative achievements are based on solving the problems encountered in the development of the private economy as the starting point and foothold. Therefore, it is also a responsibility and condition to continue to deepen exploration and advance examination in the comprehensive financial reform, and strive to take new and bigger breakthroughs, so as to form more replicable and popularized experiences.

He suggested that we should promote the formulation of a plan to deepen the comprehensive financial reform in Wenzhou to serve the private economy, and further innovate the private sector of financial services.

We should improve the pricing mechanism of deposit and loan interest rates, and integrate the two pricing systems of deposit and loan interest rates and financial market interest rates, eliminate the dual track system of capital prices, and finally achieve the full market pricing of deposit and loan interest rates, so as to provide experience for the promotion of the whole country.

He also suggested that a comprehensive credit rating system for small and micro enterprises should be established to promote the expansion of credit products such as "Xinyi loan" and other credit products.

We should make full use of the rich capital advantages of overseas Wenzhou people to attract overseas funds to support the development of Wenzhou's local private economy.

We should improve the coordination mechanism of local financial supervision, strengthen the cooperation of the central financial management departments and local financial management departments, and build effective models of local financial supervision suitable for the new era.

We should actively explore the application of block chain, big data and cloud computing technology in preventing and fighting potential financial risks. We should use the financial technology such as block chain to create a platform for monitoring, warning and preventing and controlling private financing risks, so as to promote early identification, early warning, early detection and early disposal of risks, so as to build a local financial risk prevention and control base line.

Chen Lifen, chairman of the National People's Congress and chairman of Jiangsu sunshine group, believes that the virtual economy and the real economy should be coordinated.

She suggested that funds should be directed to the real economy.

First, we should encourage capital to return to the real economy, implement tax and fee reform, reduce burdens on real economy enterprises, and create an environment where the return on investment in the real economy is not significantly lower than that in the virtual economy.

Two, financial institutions should make more loans available to the real economy and small and medium enterprises, especially in the medium and long term loans.

The three is to set up corresponding policy objectives for the financial services institutions of private enterprises, and maintain a modest increase in the proportion of private enterprises' loans to new corporate loans.

In order to solve the problem of financing the real economy, she suggests: first, we should further reduce the interest rate, reduce the cost of bank liabilities, create Inclusive Finance, guide the increase of the financing supply of formal financial channels, replace the high priced funds such as private lending, and reduce the financing cost of the real economy.

Two, the government should strengthen supervision over the banking industry, supervise the banking industry to take measures to reduce the financing costs and financing costs of enterprises, strengthen the functions of banking service enterprises, maximize the benefits of financing and avoid excessive profits with enterprises.

The three is to further reduce the interest rate difference between bank deposits and loans.

Relax access conditions, promote private finance to become an integral part of the multi-level financing system, and reduce the price of funds through competition.

In order to reduce the financing cost of enterprises, Feng Lizhao, a representative of the National People's Congress and a truck operator in the weaving workshop of Shijiazhuang Changshan North Ming Technology Co., Ltd., put forward not only to reduce the visible cost, but also to reduce the invisible financing cost.

She suggested that enterprises that run normally, products and services competitively should implement "no repayment and loan renewal", so as to reduce the hidden financing cost brought by new and old enterprises.

She further pointed out that no loan repayment is also a practice in developed countries and regions.

In the Taiwan area of China, for enterprises operating normally and with stable cash flow, if the enterprises still need to use the money after the maturity of the loan, the bank will borrow the new and old or extend the period, and will not let the enterprise fund "break the file".

Banks allow enterprises to borrow new and old, and do not pay attention to loans.

In some places, the CBRC will not repay loans to enterprises or even state-owned enterprises that are in trouble.

We need to conscientiously implement the policy requirements of the CBRC on "renewal loan", "revolving loan" and "annual examination system".

Private enterprises, which have good market prospects and good faith management, but have temporary difficulties, continue to lend and not lend money.

We should extend the loan without repayment, and reduce the burden of enterprises by installment repayment.

In fact, the demands of the representatives of the two sessions have already made clear requests in this year's "government work report", "increasing the directional reduction of small and medium-sized banks, and releasing all the funds for private and small and micro enterprise loans.

It supports large commercial banks to replenish capital through multiple channels, enhance credit delivery capabilities, and encourage medium and long term loans and credit loans in manufacturing industry.

This year, loans for small and micro enterprises of large state-owned commercial banks will increase by more than 30%.

Clean up fees for banks and intermediary services.

We should improve the internal assessment mechanism of financial institutions, encourage the strengthening of inclusive financial services, effectively improve the financing tension of small and micro enterprises, and the cost of comprehensive financing must be significantly reduced.

The landing of a series of policies will help small and micro manufacturing industries to improve financing difficulties and financing problems.