Seven departments including the China Banking and Insurance Regulatory Commission: Expanding the coverage of government financing guarantees and reducing guarantee rates

  People's Daily Online, Beijing, August 11 (Reporter Du Yanfei) According to the important work deployment in the 2020 government work report on "significantly expanding the coverage of government financing guarantees and significantly reducing the fee rate", seven departments including the China Banking and Insurance Regulatory Commission have recently issued the "About Notice on Doing a Good Job in the Supervision of Government Financing Guarantee Institutions (hereinafter referred to as the "Notice"). The heads of relevant departments of the China Banking and Insurance Regulatory Commission answered reporters' questions on related issues.

  In order to effectively alleviate the financing difficulties and expensive financing of small and micro enterprises and the "three rural" areas of inclusive finance, all parts of the country have actively carried out the construction of a government financing guarantee system to support the development of small and micro enterprises and the "three rural". As of the end of 2019, there were 5,562 legal entities in the financing guarantee industry across the country, with paid-in capital of 1174.5 billion yuan, and financing guarantee balance of 2701.7 billion yuan, which promoted capital access and played a role in inclusive finance. But at present, government financing guarantee institutions are still facing problems such as low magnification and insufficient focus on supporting small-scale farmers.

  The person in charge stated that in response to the above issues, in order to further standardize the government financing guarantee system, increase fiscal policy support, and give play to the supervisory and guiding role of the local financial supervision and management bureau, the seven departments including the China Banking and Insurance Regulatory Commission based on the current financing guarantee industry reality The list of sex financing guarantee institutions (hereinafter referred to as the list) is the starting point, and the "Notice" has been issued.

  "Developing a government financing guarantee system is a concrete measure to improve the inclusive financial system and support the development of the real economy. It is also a practical need to regulate the market order of the financing guarantee industry and promote the development of the industry." The person in charge said.

  Government financing guarantee agencies should focus on supporting agriculture

  According to the "Notice", government financing guarantee institutions refer to financing guarantee and re-guarantee institutions established in accordance with the law, funded by the government and its authorized institutions and actual holdings, with the main business objectives of serving small and micro enterprises and the "three rural" entities.

  The person in charge said that the following principles should be followed to carry out the confirmation work: First, adhere to the quasi-public positioning. Government financing guarantee institutions should focus on loan guarantee business, focus on supporting small-scale farmers, and effectively reduce guarantee rates, expand guarantee scale, and operate at marginal profit. For those with a large stock of business and the main business of supporting smallholders and agriculture is not prominent for the time being, they should consider whether to be included in the list according to their functional positioning and development willingness. If it is included in the list, the assessment will focus on its new business development and guide it to gradually expand the scale and proportion of financing guarantees for small-scale agricultural support. It is necessary to follow the mature and publicized working ideas to ensure that the number of companies and paid-in capital of government financing guarantee institutions match the development needs of the local real economy, and continue to include high-quality financing guarantee institutions in the list, expand the team, and provide good service. Micro-enterprises and "agriculture, rural areas and farmers".

  The second is to emphasize business compliance and risk control. The supervision and management department of financial guarantee companies (hereinafter referred to as the supervision and management department) shall accurately assess the capital strength, risk management and control capabilities and business development compliance of relevant institutions based on off-site supervision and on-site inspection related materials, so as to ensure stable business operations and risk It is controllable and has sufficient compensatory capacity to play a good role in supporting small-scale agriculture. Institutions with weak capital strength and irregular operation and management can first enhance their overall strength through integration and reorganization before being included in the list.

  The third is to do a good job of publishing. All localities should determine the first batch of lists before the end of September 2020 and publish them on the official website of the provincial finance department to facilitate the public to inquire. Where the list is updated, all localities should update the relevant information on the official website in a timely manner, do a good job of maintenance, and ensure the authority and accuracy of the list.

  Expand the coverage of government financing guarantees and reduce guarantee rates

  According to the person in charge, government financing guarantee institutions should strengthen their own capacity building and promote the establishment of a long-term mechanism that is "capable, willing, and daring".

  "It is necessary to establish and improve the internal control system, strengthen the organic combination of risk management system construction and informatization construction, innovate guarantee models, develop guarantee products suitable for intellectual property financing, accounts receivable financing, medium and long-term research and development financing, etc., and strive to reduce or cancel Counter-guarantee requirements, provide customers with more flexible and diverse financing methods, expand the coverage of government financing guarantees, and reduce guarantee rates." The person in charge said.

  Banking financial institutions should further increase cooperation with government financing guarantee institutions. It is possible to explore parallel approvals with government financing guarantee institutions, establish a full-process time-limited system, reduce loan approval time, and improve loan issuance efficiency; increase the risk tolerance of related loans for loans guaranteed by government financing guarantee institutions, and establish more Targeted due diligence exemption and performance appraisal systems have increased the enthusiasm of employees to carry out bank-burden cooperation business.

  “The China Banking and Insurance Regulatory Commission will continue to improve relevant regulatory systems, strengthen regulatory policy guidance in terms of commercial banks' small and micro-enterprise financial service regulatory evaluation, and the scope of risk weight application, and enhance the enthusiasm of banking financial institutions to carry out bank-burden cooperation.” The person in charge said.

  Strengthen the supervision of government financing guarantee institutions and strictly control risks

  According to the "Notice", the supervision and management department should strengthen the supervision and guidance of government financing guarantee institutions, and the following principles should be followed in daily supervision work:

  The first is to improve the off-site supervision system, focusing on strengthening the monitoring and analysis of indicators such as the scale of supporting small-scale agricultural support business, guarantee rates, and magnification, and conducting regular on-site inspections. Through supervision and guidance, guide institutions to focus on their main businesses, expand the scale of financing guarantees, and reduce guarantee rates.

  The second is to strictly control risks, require relevant institutions to perform compensation responsibilities in a timely manner, make full reserves, and continuously improve the asset quality and anti-risk capabilities of institutions. Institutions that have outstanding repayments and refuse to perform the contract shall be urged to compensate in accordance with the contract to effectively maintain the credibility of the local government financing guarantee institutions. While guiding institutions to reduce guarantee rates and expand the coverage of government financing guarantees, they should ensure the sustainable operation of government financing guarantee institutions, strengthen the business sustainability analysis and related stress tests of the institutions on the list, and provide financial support based on the analysis results. The department puts forward reasonable suggestions on financial support policies for financing guarantees.

  The third is to do a good job in information sharing and notification. The supervision and management department shall establish an information sharing mechanism with relevant departments, and regularly share information such as the development of the organization's small-scale agricultural support business and the results of supervision and rating. For government financing guarantee institutions that have achieved remarkable results in supporting smallholders and agriculture and have standardized operations and management, the supervision and management departments should increase their summary and publicity efforts, and guide banking financial institutions to actively develop business cooperation with them. For institutions that deviate from their positioning of supporting small-scale farmers and still fail to rectify after supervision, the supervision and management department may supervise and notify them and send a copy to the relevant organization departments, disciplinary inspection and supervision institutions, and financial, state-owned and other competent units.