According to the latest news from the China Banking and Insurance Regulatory Commission, my country's small and micro enterprise loans will increase substantially in 2020, which strongly supports the stabilization of enterprises and employment.

In 2020, the balance of inclusive small and micro enterprise loans increased by 30% year-on-year

　　According to the preliminary statistics of the China Banking and Insurance Regulatory Commission, as of the end of December 2020, the balance of loans to small and micro enterprises nationwide was 42.7 trillion yuan, of which the balance of loans to inclusive small and micro enterprises was 15.3 trillion yuan, a year-on-year increase of 30.9%, which was 18.1 higher than the average growth rate of loans. Percentage points.

Among them, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications' loan balances for small and micro enterprises increased by close to 59%, which is far higher than the 40% increase in the government work report.

Li Junfeng, Director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission:

The total amount of loans to small and micro enterprises has increased significantly, and the coverage of loans has expanded significantly.

　　While the total amount of loans has increased substantially, loan interest rates have been decreasing.

According to preliminary calculations, the average interest rate of newly issued loans for small and micro enterprises in 2020 is 5.88%, a decrease of 0.82 percentage points from 2019. The financial system will give 1.5 trillion yuan to the real economy throughout the year, of which 360 billion yuan will be paid for service fees.

Li Junfeng, Director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission:

2020 should be said to be the year with the largest number of policies issued, and the effect of policy implementation is also the best year.

It has played an important role in "six stability" and "six guarantees", especially in stabilizing enterprises and ensuring employment.

　　At the end of December 2020, the number of small and micro enterprises nationwide with loans reached 25.73 million, an increase of 4.61 million from the same period last year.

Credit loans and big data help small and micro enterprises in financing

　　Among the large increase in loans to small and micro businesses, the reporter found that there are two particularly prominent features in 2020, that is, the number of small and micro businesses that have

received loans for the first time has increased significantly; at the same time, the proportion of credit loans has also increased significantly.

　　Zigui County in Hubei Province is a famous hometown of navel oranges in my country. The recent cold wave hindered the transportation of navel oranges, and many large growers suddenly encountered difficulties in capital turnover.

After understanding the needs of the farmers, the local Postal Savings Bank issued credit loans to them urgently.

Nie Haihong, Customer Manager of Zigui County Branch of Postal Savings Bank of China: The

customer needs a large amount of funds. After learning about the actual situation, our bank provided the customer with a loan of 500,000 yuan to help farmers.

　　In June 2020, the China Banking and Insurance Regulatory Commission and other departments issued documents requesting increased credit loan support for small and micro enterprises.

By the end of the year, the proportion of small and micro enterprise credit loans issued by only six large banks had increased by more than 30% from the beginning of the year.

　　In Taizhou, Jiangsu, a loan from this company is about to expire, but their production has not fully recovered, and the repayment pressure is huge.

So, the company applied to the bank for an extension, and the bank quickly approved it.

Hua Yuqin, chairman of a Jiangsu Intelligent Equipment Co., Ltd.:

The policy of deferring debt and interest payments has had a very obvious effect on the recovery of our enterprise and has reduced the company's financial pressure.

　　In March 2020, multiple departments jointly issued a document to implement a temporary extension of the repayment of principal and interest for loans to small, medium and micro enterprises.

At present, various banks have implemented this policy for more than 6 trillion yuan of loans, which has eased the financial expenditure and liquidity pressure of many small and micro enterprises.

　　In addition, Guangdong, Zhejiang and other provinces have also used government big data mining to solve the financing problems of small and micro enterprises in batches.

In Zhejiang, the province's comprehensive financial service platform, which was officially launched less than a year ago, has raised more than 940 billion yuan for small and micro enterprises, of which more than 310 billion yuan has been automatically connected.

One end of it is combined with enterprise-related data held by 53 departments including economic and trustworthy, environmental protection, courts, and taxation, and the other end is directly connected to the banking system.

Han Yongzhong, President of the Wenzhou Ruian Sub-branch of Agricultural Bank of China:

It solves the problem of information asymmetry between banks and enterprises and can greatly improve the service efficiency of our banks.

Bao Zuming, Director of Zhejiang Banking and Insurance Regulatory Bureau:

Our average online transaction volume per day is 500 to 700 transactions. What is the concept of this number?

It is equivalent to the daily transaction volume of the four major construction banks in our province.

So this effect is very obvious.

Technology-based, manufacturing small and micro enterprises will receive more financial support

　　The Central Economic Work Conference proposed to increase financial support for technological innovation and small and micro enterprises.

The China Banking and Insurance Regulatory Commission stated that this year it will focus on increasing its support for technology-based and manufacturing small and micro enterprises.

　　A few days ago, 23 banks in Guangzhou joined forces with the local Science and Technology Bureau to establish a fund pool for small and micro technology-based enterprises. The Guangzhou Science and Technology Bureau arranged a special fund of less than 200 million yuan each year to encourage banks to lend.

Qin Haiou, chairman of the Greater Bay Area Science and Technology Innovation Service Center:

If the bank gave loans to these small and medium-sized technology companies and suffered losses, the Science and Technology Bureau would pay half of the compensation to the bank on behalf of the government.

　　Optimizing the industrial structure of loans to small and micro enterprises and increasing support for technological small and micro enterprises are also one of the key tasks of the China Banking and Insurance Regulatory Commission this year.

Li Junfeng, Director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission: In

2021, we will focus on the growth of loans to small and micro technological enterprises.

The second is to make efforts to lend to small and micro manufacturing enterprises.

　　Li Junfeng said that this year the China Banking and Insurance Regulatory Commission will also intensify its efforts to guide banks to issue credit loans to small and micro enterprises, and speed up the solution of the long-term dependence of small and micro enterprise loans on collateral and collateral.

At the same time, the financing cost of small and micro enterprises will be further stabilized and decreased.

Li Junfeng, Director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission:

We believe that the overall interest rate of micro-enterprise loans has stabilized at a relatively low level.

We will maintain this level of interest rates this year. Some institutions may have relatively high interest rates and there may be room for downward adjustment.

In terms of fees, small and micro enterprises can still be free of fees, which will further reduce the financing costs of small and micro enterprises.