Sun Guofeng, Director of the Monetary Policy Department of the People's Bank of China, introduced on March 15 that the People's Bank of China set up a 300 billion yuan special re-loan on epidemic prevention on January 31 to play an active role in supporting epidemic prevention and control. As of March 13, the People's Bank of China has issued a special reloan of 184 billion yuan. Nine national banks and local banks in 10 provinces and cities have issued a total of 182.1 billion yuan in preferential loans to 4,708 national and local key enterprises. Each enterprise received a preferential loan of 40 million yuan. The weighted average interest rate of preferential loans is 2.56%. After the financial discount of 50%, the actual financing cost of the enterprise is about 1.28%, which is lower than the State Council ’s requirement that the interest rate is not higher than 1.60%. At present, the progress of banks in issuing concessional loans has remained above 10 billion yuan per day, and the disbursement rate is relatively fast.
Editor-in-chief: [Wang Kai]