The central bank has issued a special reloan of 184 billion yuan

(Combating new crown pneumonia) the People's Bank of China has issued a special reloan of 184 billion yuan

China News Agency, Beijing, March 15th (Reporter: Wei Wei) On the 15th, the State Council's joint prevention and control mechanism held a press conference to play a role in refinancing and rediscounting policies to support epidemic prevention and control and resume work and production.

Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, said at the meeting that the central bank set up a 300 billion yuan (RMB, the same below) special re-loan on January 31 this year. As of March 13, the central bank has issued a special reloan of 184 billion yuan. Nine national banks and local banks in 10 provinces and municipalities have issued a total of 182.1 billion yuan in preferential loans to 4,708 national and local key enterprises. Enterprises received preferential loans of 40 million yuan.

The weighted average interest rate of these 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.

How do small and medium-sized enterprises with difficulty in operating apply for delayed repayment of principal and interest? Ye Yanfei, a first-level inspector of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, said that he has established a ledger for companies that really need to delay repayment and interest payment arrangements, track and understand the needs of enterprises to resume work and resume production funds, and provide corresponding support. Responsible persons to ensure the implementation of the policy. At present, the credit support provided by banking financial institutions to fight the epidemic exceeds RMB 1.4 trillion.

The epidemic is spreading globally. What measures does China take to stabilize foreign trade? Ye Yanfei said that four aspects of financial measures will be taken to stabilize foreign trade.

The first is to encourage banks to increase trade financing, especially through insurance policies to support the stabilization of foreign trade.

The second is to urge and guide financial institutions, especially banking institutions, to appropriately expand the authorization of foreign trade operations of branches.

Thirdly, for foreign trade small and micro enterprises that are indeed experiencing difficulties, extension arrangements can be made in terms of debt and interest payments to ensure that the capital chain is continuous and that they can continue to carry out foreign trade business.

The fourth is to urge grassroots institutions and head office institutions to strengthen interaction, Chinese banks and foreign banks strengthen cooperation, host banks and correspondent banks strengthen cooperation, and solve the problem of payment and settlement channels affected by the epidemic. (Finish)