Policy Dividend: The Six Departments Jointly Issued The Notice On Further Increasing The Support For The Loan Deferred Repayment Of Principal And Interest For Small And Micro Enterprises

　　 （1） Reasonably determine the loan extension and repayment arrangements. For loans to small and micro enterprises due in the fourth quarter of 2022 and temporarily in trouble due to the impact of the new crown pneumonia epidemic (including business loans for individual business households and small and micro enterprise owners, the same below), financial institutions of the banking industry and borrowers are encouraged to negotiate jointly to postpone the repayment of principal and interest in accordance with the market-oriented principle, and the deferred loans shall be subject to normal interest calculation without penalty interest. In principle, the longest repayment date can be extended to June 30, 2023. Each banking financial institution shall reasonably determine the maturity date and interest settlement method of the extended loan according to the borrower's production cycle and fund withdrawal cycle, so as to avoid centralized maturity.

　　 （2） We will implement the risk classification regulations for deferred loans. All banking financial institutions should adhere to the substantive risk judgment, timely adjust the credit management system, do not reduce the loan risk classification due to epidemic factors alone, and do not affect the credit reporting records.

　 (3) establish and improve the system of due diligence and exemption. All banking financial institutions should improve the provisions on the exemption of due diligence related to the loan deferred repayment of principal and interest, and enhance the operability. On the premise of effective prevention of moral hazard, the non-performing loans formed by loan extension of grassroots credit personnel shall be exempted from all or part of the responsibility.

　　 （4） Improve the guarantee system arrangement in time. If the extended loan involves guarantee, all banking financial institutions shall negotiate with enterprises and guarantors to maintain effective guarantee arrangement or provide alternative arrangement according to commercial principles.

　　 （ 8） We will increase financial support for banking financial institutions. The people's Bank of China has made comprehensive use of a variety of monetary policy tools to maintain a reasonable and sufficient liquidity of the banking system for the liquidity problems arising from the implementation of the policy of deferred repayment of principal and interest. We will continue to give full play to the role of supporting tools for inclusive small and micro loans, and support the steady growth of inclusive small and micro loans, including deferred loans. Financial institutions in the banking industry are encouraged to activate the existing credit resources through securitization of credit assets on the premise of compliance with the law and controllable risks. We will continue to support banking financial institutions in issuing financial bonds for small and micro enterprises, and strictly regulate the use and management of raised funds.

　　 （9） Give full play to the leading role of differentiated financial regulatory policies. The financial regulatory authorities should implement differentiated policies such as the tolerance of non-performing loans of small and micro enterprises. Guide the banking financial institutions to give priority to the verification plan of non-performing loans of small and micro enterprises to ensure that they should be fully checked. We should make good use of disposal means such as batch transfer, asset securitization, restructuring and transformation, and improve the disposal efficiency of non-performing loans of small and micro enterprises.

　　 （10） Improve the performance appraisal and risk mitigation mechanism. Financial departments at all levels should fully consider the impact of the policy of deferred repayment of principal and interest when assessing the operating performance of state-owned holding and shareholding banking financial institutions in 2022, and give reasonable adjustment and evaluation. Government financing guarantee institutions are encouraged to extend the guarantee period for enterprises with loan extension demand and continue to provide credit enhancement support. We will support the establishment of loan risk compensation funds for small and micro enterprises in areas where conditions permit, so as to provide risk sharing for the implementation of the policy of deferred repayment of principal and interest by banking financial institutions.