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Multi Sector Joint Efforts To Promote Blood Transfusion For Hundreds Of Millions Of Small And Micro Enterprises

2020/6/3 12:15:00 0

A number of authoritative economic departments have joined hands to strengthen blood transfusion for small and micro enterprises. Recently, the people's Bank of China jointly issued the notice on "strengthening support for small and micro enterprises credit loans" and "guiding opinions on Further Strengthening the financial services of small and micro enterprises" jointly with the banking regulatory Commission, the national development and Reform Commission, the Ministry of industry and commerce, the Ministry of finance, the General Administration of market supervision, the Securities Regulatory Commission and the foreign exchange bureau. This is a concrete action to implement this year's government work report explicitly, "substantially increasing small and micro enterprises' credit loans, first loans, no repayment of loans" and "large commercial banks' inclusive growth of small and micro enterprises loan growth rate is higher than 40%".

These policy documents put forward: since June 1, 2020, the people's Bank of China has made use of an innovative monetary policy tool to use 400 billion yuan reloan special quota to purchase qualified local legal persons banks. During the period from March 1, 2020 to December 31st, 40% of the small and micro credit loans were newly issued, so as to promote banks to increase credit loans for small and micro enterprises, and support more small and micro enterprises to get free mortgages. Guaranteed credit loan support; qualified local corporate financial institutions are the latest city commercial banks, rural commercial banks, rural cooperative banks, village banks, rural credit cooperatives and private banks with rating from 1 to 5.

The central bank requests the national large state-owned commercial banks to take the lead role, the internal transfer pricing preferential strength is no less than 50 base points, and the five large state-owned commercial banks' loans growth rate of the small and micro enterprises of the large state-owned commercial banks is higher than 40%. The development and policy banks should implement the 350 billion yuan special credit line before the end of June 2020, and support the small and medium enterprises to resume work and resume production with preferential interest rates. The implementation plan of the special credit line of the bank will be implemented according to the monthly report. Commercial banks should increase the weight of Inclusive Finance in the comprehensive performance appraisal of branch offices to more than 10%, and substantially increase the credit loans, first loans and non repayment loans of small and micro enterprises.

The documents of several authoritative economic departments clearly point out that the financial institutions should shift their business focus and credit resources from the preference of real estate and local government financing platform to the real economic areas such as small and micro enterprises and so on, so as to achieve the optimization of credit resources and stock reorganization. We should guide the company's credit bonds net financing increased by 1 trillion yuan over the previous year, support large enterprises to issue more debt financing, and release credit resources to support small and micro enterprise loans. In 2020, it supported the financial institutions issuing 300 billion yuan special financial bonds for small and micro enterprises.

To solve the financing problem of small and micro enterprises is a complex systematic project. Only by identifying the focus of financial services, innovating policies, measures and tools, and further dredging the monetary transmission mechanism, can we guide the financial resources to the private sector, the flow of small and micro enterprises and the people's livelihood.