Xinhua News Agency, Beijing, March 21st (Reporter Chen Ao) On the 21st, reporters learned from the SASAC that since the outbreak of the new crown pneumonia epidemic, central enterprises have continued to innovate and have initially formed financial instruments including bonds, credit, funds, trusts, etc. The “tool box” provides “lubricants” and “heartbeaters” for the resumption of production and production of related enterprises, and activates the upstream and downstream of the industrial chain.
Financing: Blood transfusion for first-line blood transfusion
According to incomplete statistics of state-owned assets, state-owned enterprises have issued, underwritten, and subscribed for various types of epidemic prevention and control bonds in the capital market in excess of 24 billion yuan. The funds have been specifically used to combat the "epidemic" and fully protect the needs of grassroots enterprises. For example: General Technology Group issued 2 billion yuan of short-term financing bonds on February 13 with an interest rate of 2.43%. China Huadian and China National Building Materials successively issued more than 4.5 billion yuan (including 4.5 billion yuan) in epidemic prevention and control bonds. Three Gorges Group Hubei Energy issued an ultra-short-term financing bond (debt prevention and control bond) on March 13th, which was underwritten by the Export-Import Bank of China in the form of waiving all underwriting fees, raising 650 million yuan in bonds, a bond term of 270 days, and a coupon rate of 2.55 %, To fully support Hubei Province's epidemic prevention and control and people's livelihood security.
In addition to issuing epidemic prevention and control bonds on their own, central enterprises also take advantage of the platform to help local governments and brother companies issue bonds. Taking China Merchants Bureau as an example, since February 6, China Merchants Bank has helped companies issue 20 Nanshan SCP001, 20 Yunda shares SCP001 and other epidemic prevention and control debts exceeding 10 billion yuan. Of this total, 2.05 billion yuan was used to ensure stable prices, network support, character transfer, and laying of wires and cables on Mount Vulcan and Mount Lei Shenshan.
At the same time, central enterprises have promoted the efficient flow of funds to the places where they are needed most by subscribing to the war-themed bonds. AVIC Securities, a subsidiary of the aviation industry, participates in the subscription of various types of war-fighting themed bonds. At present, it has allocated a total of 310 million yuan in financial debts for disease prevention and control policy banks, local bonds in Hubei Province, and credit bonds for disease prevention and control.
In addition, central enterprise financial institutions have comprehensively used funds, trusts, and financial leasing to invest funds in the front line of the war epidemic to ensure that the technologies and projects related to the war epidemic land smoothly and are implemented as soon as possible. The "Runcheng Industry Pilot Fund" jointly established by Chengtong Hong Kong and China Resources Capital, a subsidiary of China Chengtong, has completed a $ 30 million investment in the artificial intelligence company "Yitu Technology", helping companies to industrialize and scale world-class original technology. Into.
Reduce fees: "decompression" and "burden reduction" for difficult enterprises
It is understood that, in order to effectively reduce the burden on enterprises, Changan Automobile Finance, a subsidiary of the Weapons and Equipment Group, has urgently formulated the "Relay Extension Support Program for Customers Affected by New Coronavirus Epidemic Situation". If the repayment date is from January 23 to February 23 During the period, the company provides users with 14-day deferred repayment support.
Aviation industry leasing helps companies that have been affected by the epidemic or have encountered temporary difficulties due to the epidemic, reasonably delaying the repayment period, reducing or exempting penalty interest, etc.
China Merchants Leasing, which is owned by China Merchants Bureau, has learned about the impact of the epidemic on the existing customers and the capital requirements; for some companies that have been affected by the epidemic, such as tourism and real estate, delayed payment of rents has eased the customer's operating pressure; Green channel, simplifying procedures, speeding up processes, and doing special things.
China Tourism Bank of China Travel Bank has formulated measures such as adjustment of repayment plans, excellent renewal loans (without repayment of repayment loans) and other measures for industries affected by the epidemic, such as logistics and transportation, accommodation and catering, cultural tourism, wholesale and retail, etc. The pressure of repayment interest involves a total of 409 loans, involving a credit amount of 32.16 million yuan, of which 342 are transportation customers with a credit amount of 152.59 million yuan; 51 cultural and travel customers have a credit amount of 135.92 million yuan; wholesale and retail, manufacturing , Aquaculture and other industries 16 customers, the credit amount of 37.65 million yuan.
Investment: "Cheer up" and "Cheer up" for the resumption of production
Providing low-cost funds by means of credit and funds is one of the effective ways to alleviate the financing difficulties of enterprises. At present, many central enterprises have launched a variety of measures such as special credit lines, reducing loan interest rates, and issuing theme funds.
China Merchants Bank has opened a "green approval channel" for key enterprises, and set up a special credit line of 10 billion yuan to meet the emergency funding needs of enterprises with preferential pricing. As of March 12, China Merchants Bank has accumulatively added 43.4 billion yuan of on-balance and off-balance-sheet credits to various types of related enterprises, and accumulated loans of 33.1 billion yuan, saving approximately 42 million yuan in financing costs for enterprises.
China Railway Asset Management Corporation's Tiejian Yinxin platform is one of the largest enterprise-side supply chain financial platforms for central enterprises, with more than 1,600 registered users in Hubei alone. The platform provides 20% discount on financing rates for users in Hubei, and helps small, medium and micro enterprises resume production and production through supply chain finance. China Railway Construction Finance Corporation was the first in the industry to launch a 5 billion "war epidemic loan" product with an annualized interest rate of only 3.48%. At present, the first 300 million yuan "war epidemic loan" has been settled.
Liu Xingguo, a researcher at the Research Department of the China Enterprise Confederation, said that affected by the epidemic, the resumption of production and production was delayed, and most enterprises, especially small and medium-sized enterprises, encountered difficulties in capital turnover. The timely acquisition of funds required for normal production and operation has become a serious challenge for the sustainable development of enterprises. Facing this challenge, central enterprises actively raise funds for self-development through multiple channels, and actively help other enterprises raise funds through their financing platforms. This will undoubtedly effectively increase the capital supply of enterprises, especially it can significantly alleviate the financial pressure of difficult enterprises, thereby helping enterprises to resume work and production smoothly, partially resolve the adverse effects of the epidemic situation, and make a positive contribution to the steady growth throughout the year.
He said that, in fact, for financial institutions, the steady and healthy development of physical enterprises is the soil for their sustainable development; for central enterprises, the steady and healthy development of other enterprises, especially upstream and downstream enterprises, is the perfect and stable supply of central enterprises. Chain, the cornerstone of a sound business ecosystem.