Financial measures to stabilize the economy have achieved remarkable results.
Recently, market players, especially small and medium-sized enterprises, some industries and groups have been severely impacted by the epidemic, and the demand for policy support is more urgent. Recently, the State Council issued a package of policies and measures to stabilize the economy, and put forward 33 specific policies in six aspects. Among them, there are five monetary and financial policies, and there are other matching policies 1 1. At present, there are a series of monetary and financial policies? Stabilize stocks, enlarge, reduce costs and open up? The overall thinking, strengthening policy guidance, giving full play to the role of the market, timely and accurately benefiting the trapped groups and key areas are conducive to stabilizing the economic market.
Strengthen financial support.
Recently, the State Council issued a package of monetary and financial policies, focusing on market players, effective investment, reducing financing costs, key areas and opening to the outside world. A few days ago, the People's Bank of China and the Foreign Exchange Bureau held a press conference to interpret the financial policy of the the State Council executive meeting on the deployment of solid and stable economic work. The responsible persons of the People's Bank of China and the foreign exchange bureau said that the specific contents of the package of policies and measures related to money and finance are being refined item by item, so as to ensure effective implementation as soon as possible and earnestly shoulder the responsibility of stabilizing the macro-economy.
The core enterprises of freight logistics play an important role in helping epidemic prevention and control and economic recovery. Zhejiang Kaihong Logistics Co., Ltd. was affected by the epidemic this year, and the warehouse goods were once seriously overstocked, and the operating costs of enterprises increased significantly. After learning about the enterprise, local financial institutions quickly increased their support, and ICBC implemented the method of additional credit by mortgage, increasing the enterprise credit from 6,543,800 yuan to 20 million yuan. Jiaxing Bank solved the loan turnover pressure for enterprises by using non-repayment products140,000 yuan, and added a new credit line10,000 yuan on the basis of the existing credit line/kloc-0,000 yuan.
Since the beginning of this year, the People's Bank of China has issued a series of policies and measures, including reducing the deposit reserve ratio, turning over surplus profits and releasing long-term liquidity. Guide the loan market to lower the LPR interest rate twice and launch a number of structural monetary policy tools in time. Recently, the People's Bank of China and the Foreign Exchange Bureau issued the Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development. Financial article 23? ), improving the real estate financial policy has provided strong support for fighting the epidemic, stabilizing economic growth, protecting market players, ensuring employment and ensuring people's livelihood.
Pan, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said that in terms of focusing on market players, loans for small and medium-sized enterprises, individual industrial and commercial households, truck drivers and personal housing and consumer loans affected by the epidemic should be encouraged to implement the policy of delaying the repayment of principal and interest. Increase incentives for local corporate banks to issue universal small and micro loans, and reward them according to 2% of the balance increase. Innovate and optimize commercial paper, accounts receivable financing, financing guarantee and special financial bonds, and increase support for financing of small and micro enterprises.
In order to support key areas, the People's Bank of China will also use structural monetary policy tools to increase financial support for key areas such as transportation and logistics, food and energy security, scientific and technological innovation, and industrial chain and supply chain stability. At the same time, support qualified high-tech and? Speciality and novelty? Enterprises will carry out pilot projects of foreign debt facilitation quota, enrich products in the foreign exchange market, improve their exchange rate hedging ability, and further optimize and facilitate foreign institutional investors to invest in the China bond market.
Policy benefits have expanded.
? My snack bar is still alive! ? At 7 o'clock in the morning of June/KLOC-0, Shaxian snack bar on Qihua Road, Baoshan District, Shanghai welcomed its first guest in two months. The owner of the snack bar is Xiao Hang, a 37-year-old Fujian native. He has opened three stores in Shanghai, and in May this year, his capital chain almost broke. ? The monthly net expenditure on rent, utilities and employee salaries will exceed100000 yuan. ? Xiao Hang is facing a severe test. His household registration and real estate are in Fujian, so it is not easy to get a loan in Shanghai.
In order to effectively alleviate the short-term capital turnover pressure of businesses affected by the epidemic, Meituan contacted a number of financial institutions such as China Everbright Bank and Shanghai Bank, and launched a 30-day unsecured interest-free loan for Meituan businesses with stores in Shanghai in May this year. Xiao Hang passed the Meituan? Commercial loan? He applied for a quota of 50,000 yuan. With his good business records in the three Shaxian snack bars of Meituan, the loan application was passed immediately. ? The loan process is very convenient. If I can pay it off within a month, I don't even have to pay interest. If you don't pay it back that month, the interest is very low, more than one month 150. ? Xiao Hang said. It is reported that since Meituan launched interest-free loan support, it has solved the urgent need for more than 600 Shanghai businesses.
In order to help small and medium-sized enterprises cope with the impact of the epidemic, recently, the policy of delaying the repayment of loan principal and interest with greater strength and wider benefits has been implemented. Compared with the previous policy, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, said that the policy of postponing the repayment of principal and interest this time has greater support and wider benefits.
Specifically, the the State Council executive meeting decided to increase the proportion of financial support from 1% to 2%, to further mobilize the enthusiasm of financial institutions, and at the same time, it was made clear that the substantive risk judgment should be adhered to for deferred loans, and the loan risk classification should not be lowered simply because of epidemic factors, and the credit record should not be affected. Policy support has significantly increased the number of people seriously affected by the epidemic, including truck driver loans, commercial truck consumption loans and personal housing and consumption loans.
? Especially for truck drivers who have attracted much attention, as long as they apply for loan extension, have no record of breach of contract and have basic proof materials such as driving license, banks can extend loans in accordance with the principle of marketization. ? Zou Lan said that the the State Council executive meeting proposed that 90 billion yuan of truck loans issued by auto central enterprises should be extended by banks and enterprises, and eligible banks that support the extension of truck loans of central enterprises will be included in the scope of 654.38 billion yuan of transportation and logistics refinancing support. At the same time, this time, more attention will be paid to giving play to the initiative of banks, and it will be clear that commercial banks will negotiate independently with the trapped subjects in accordance with the principle of marketization, and postpone the repayment of principal and interest for loans due before the end of this year; Banks are also required to contact enterprises in advance to try to delay as much as possible.
Zou Lan introduced that at present, about 60% of truck loans are issued by auto group finance companies, auto finance companies and financial leasing companies. These three types of non-bank financial institutions actively respond to the policy of delaying the repayment of principal and interest, but this may also cause some liquidity pressure on them. In order to solve their worries, the People's Bank of China promptly guided three types of institutions to innovate and launch financial bonds with the theme of freight logistics, which were used to provide support for truck owners and related logistics enterprises to delay repayment of principal and interest, renew loans and increase funds to ensure their better implementation of policies.
Stabilize the basic disk of foreign trade and investment
On March 30th this year, Zhejiang Taizhou Osena Import and Export Co., Ltd. received the first cross-border RMB payment of105.9 million yuan. The person in charge of the enterprise said happily: With cross-border RMB settlement, we no longer have to worry about placing orders. ?
Osena is a small and micro foreign trade enterprise mainly exporting motorcycle parts, mainly exported to South Korea. Previously, the company settled its major customers in US dollars. In recent years, influenced by the drastic fluctuation of exchange rate, coupled with the small scale and low profit of the company, exchange rate fluctuation has brought great impact to Osena. The foreign exchange liaison officer of Tailong Bank learned about this situation during the visit and suggested that enterprises negotiate with customers and use cross-border RMB settlement instead. Since 2022, Osena's Korean customers have agreed to cross-border RMB settlement, which has solved the exchange rate risks faced by enterprises.
? The use of RMB by foreign-funded enterprises in cross-border trade and investment can reduce exchange rate risks and exchange costs. ? Li Bin, director of the Macro-prudential Bureau of the People's Bank of China, said that the People's Bank of China will continue to optimize the RMB settlement environment for cross-border trade and investment, cancel the management requirements for special accounts related to foreign direct investment business, and facilitate domestic reinvestment of foreign-invested enterprises; We will steadily carry out pilot projects to facilitate settlement, encourage banks to simplify settlement procedures, and provide convenient cross-border RMB investment and financing services for high-quality enterprises.
Regarding the promotion of trade investment and financing facilitation, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that the foreign exchange bureau has taken a series of new measures. First, the policy of facilitating foreign exchange receipts and payments of high-quality enterprises has achieved national coverage. Second, the settlement facilitation of new cross-border trade formats benefits more market players. Such as guiding banks and payment institutions to provide efficient and convenient foreign exchange settlement and payment services for cross-border electronic commerce. Some banks have reduced the handling fee for cross-border e-commerce settlement to 2? , basically realized the real-time arrival of overseas funds. At the same time, optimize the settlement process of market procurement trade. Since the beginning of this year, 70% of registered merchants have handled foreign exchange settlement online, benefiting more than 80,000 small and medium-sized Wechat business. The third is to further enhance the facilitation of foreign debt business. Cross-border financing facilitation pilot areas increased to 17, covering 80% of the country's high-tech and? Speciality and novelty? Enterprises, the original nine regional facilitation quotas have been increased to the equivalent of $654.38+million.