The reporter learned from the CBRC that the CBRC, the People's Bank of China, the Development and Reform Commission, the Ministry of Industry and Information Technology and the Ministry of Finance jointly issued the "Notice on the Implementation of the Temporary Extension of the Repayment of Interest and Interest on Loans to Small and Medium-sized Enterprises" (hereinafter referred to as " Notice").
The "Notice" requires that the principal of loans for difficult small, medium and micro enterprises (including small and micro business owners, individual industrial and commercial enterprises) due since January 25, 2020, and small, medium and micro enterprises from January 25 to June 30, 2020 For the loan interest to be paid, the banking financial institution shall, upon application by the enterprise, give the enterprise a temporary extension of the principal and interest payment arrangement for a certain period of time. The principal and interest payment date can be extended up to June 30, 2020, without penalty interest. For a small number of small, medium and micro enterprises that have been severely affected by the epidemic, have a long recovery period and have good development prospects, banking financial institutions can negotiate with the enterprise to determine additional extension arrangements based on the actual situation.
Relevant officials of the China Banking Regulatory Commission said that due to the new crown pneumonia epidemic, many companies have resumed work and resumed production, the operating rate of small and medium-sized enterprises is insufficient, and cash flow income has decreased sharply. The liquidity pressure needs to be relieved, and further financial support is necessary. Efforts to introduce targeted assistance policies. Temporary deferred repayment of principal and interest on small and medium-sized enterprise loans will help alleviate the financial pressure and liquidity pressure of the enterprise, give the enterprise a buffer period, and help the enterprise resume work and resume production as soon as possible, and support the recovery and development of the real economy.
Since the outbreak of the epidemic, the CBRC has issued a number of special policies, either alone or in conjunction with relevant departments, to urge financial institutions to effectively strengthen financial services for epidemic prevention and control, to coordinate the advancement of epidemic prevention and control, and to support the resumption of production and production of enterprises. Currently, positive results have been achieved. The "Notice" emphasizes that this policy is applicable to various enterprises in Hubei. Banking financial institutions should equip Hubei with special credit scales, implement preferential pricing for internal capital transfers, and strive to reduce the comprehensive financing cost of inclusive small and micro enterprises by more than 1 percentage point from the previous year's average level. In addition, the "Notice" requires that banking financial institutions should open multiple channels, including offline and online, to facilitate enterprises' applications for deferred repayment of principal and interest. The application of the enterprise shall be accepted in time, and the application shall be processed within a time limit. Special statistics and close monitoring shall be made on temporary deferred repayment of principal and interest loans.
According to reports, for the loan interest that needs to be deferred, the specific repayment plan shall be determined and reasonably determined by both the banking financial institution and the enterprise. Focus on helping small and medium-sized enterprises (including small and micro-enterprise owners, individual industrial and commercial households) with normal early operations, temporary difficulties due to the epidemic, and good development prospects, and do not do everything. Relevant departments will provide supporting support in terms of regulatory policies, monetary policies, and fiscal and tax policies. For the implementation of temporary deferred repayment of principal and interest loans, we should adhere to the judgment of substantial risks, do not reduce the risk classification of loans due to epidemic factors, and do not affect corporate credit records.
Xiao Yuanqi, chief risk officer and director of the General Office of the Banking Insurance Regulatory Commission, and spokesman Xiao Yuanqi said at a press conference recently, "Some temporary policies recently introduced do not mean relaxation of supervision. After a period of time after enterprises resume work and resume production, Normal operations. If these companies still fail to repay the principal and interest on time, the loans that are deemed bad should be considered bad. "
According to the requirements of the "Notice", during the implementation of the policy, the banking industry must take precautions against risks. Banking financial institutions shall conduct special statistics and close monitoring on temporary deferred repayment of principal and interest loans, and shall timely dispose of any substantial changes in corporate operations during the loan period. At the same time, the application of anti-fraud models should be improved to promote joint prevention of information sharing. Once any illegal or illegal behavior such as fraud is discovered, financing support should be stopped immediately, and moral hazards should be effectively prevented and controlled through disciplinary measures such as credit reporting and litigation.
Economic Daily News Client Lu Min