Increase financial support, optimize credit investment, innovate policy tools, and rationally transfer profits to enterprises
Financial "living water" nourishes the real economy ("13th Five-Year", we have gone through this way)
Our reporter Wu Qiuyu
"People's Daily" (October 07, 2020 Edition 01)
General Secretary Xi Jinping pointed out, “Finance must take serving the real economy as the starting point and goal, comprehensively improve service efficiency and level, allocate more financial resources to key areas and weak links of economic and social development, and better satisfy the people and entities. The financial needs of economic diversification." The financial sector has implemented a series of policies and measures to continuously enhance the ability of financial services to serve the real economy in accordance with the spirit of General Secretary Jinping’s important instructions and the decision and deployment of the Party Central Committee.
During the "13th Five-Year Plan" period, a steady stream of financial "running water" has given full momentum to the development of the real economy.
——Increase support, and the increase in loans to the real economy continues to hit new highs.
"The 3 million yuan loan will be approved soon." Speaking of this year's loan experience, Zou Shiming, general manager of Shengshi Tomorrow Forestry Development Co., Ltd., Suichuan County, Jiangxi Province, said gratefully that this year the company's various expenditure pressures have increased and the capital turnover is very tight. There are orders but cannot be produced.
At this time, Jiangxi Bank's Suichuan County Branch provided loans to the company in combination with the central bank's small-scale re-lending policy. Not only did the interest rate be low, but it also enjoyed a 13.5% financial discount, and the workshop machines roared again.
During the "Thirteenth Five-Year Plan" period, my country's monetary policy continued to exert force to provide sufficient financial support for the development of the real economy.
Statistics show that in the first half of this year, RMB loans issued by financial institutions to the real economy increased by 12.33 trillion yuan, reaching the highest level in history.
——Optimize credit investment, and invest more credit resources in manufacturing and small and micro enterprises.
"The company has no collateral, and the cost of finding someone to guarantee is too high, thanks to the bank's product innovation in the past two years." Li Fei, general manager of Wenzhou Taifeng Mould Co., Ltd. said in a sentence that expressed the voice of many small and micro enterprises.
This year, the Wenzhou Branch of Agricultural Bank of China and local government departments jointly established a risk guarantee fund to help small and micro enterprises raise funds. Li Fei successfully obtained a 1.5 million loan with an interest rate of only 4.15%.
The new financing mechanism gives the growing small and micro enterprises more confidence.
The manufacturing industry is the foundation of the real economy, and small and micro enterprises are an important part of the real economy.
In recent years, my country has continuously adjusted the direction of credit investment, guiding financial institutions to invest more credit resources in manufacturing and small and micro enterprises.
As of the end of July this year, my country's new manufacturing loans increased by 1.6 trillion yuan, which has exceeded the increase for the whole year of last year, of which new loans for high-tech manufacturing accounted for nearly 60%.
"Code on loan" and "flower loan"... Nowadays, financial institutions are taking multiple measures to innovate financial products, trying their best to solve the difficulty of financing for small and micro enterprises.
As of the end of July, the balance of my country's inclusive small and micro loans was 13.7 trillion yuan, a year-on-year increase of 27.5%, a record high for five consecutive months since statistics.
——Innovate policy tools to allow more funds to reach the real economy.
In June, it was the summer grain purchase season. Looking at the harvest, Zhang Yongchao, the head of Guangxi Yinlin Grain Co., Ltd., was very anxious. Seeing that the 5 million yuan loan was about to expire, but the downstream enterprises failed to pay back the money in time, the company was unable to pay it back. loan.
After the People's Bank of China launched the inclusive loan extension support tool for small and micro enterprises, Guangxi Beibu Gulf Bank contacted the company as soon as possible and went through the procedures for the extension of the loan for 3 months, ensuring the smooth progress of the summer grain acquisition.
Do not engage in flood irrigation and achieve precise drip irrigation.
During the "Thirteenth Five-Year Plan" period, my country continued to innovate monetary policy tools, insisted on precise force, cleared the monetary policy transmission mechanism, and opened up the "last mile" of financing.
On June 1 this year, the People’s Bank of China created two more monetary policy tools that directly reach the real economy-the Inclusive Small and Micro Enterprise Loan Extension Support Tool and the Credit Loan Support Program. It is expected that the extension policy can cover the principal contract of inclusive small and micro loans 7 trillion yuan, the credit loan support program can drive local corporate banks to issue approximately 1 trillion yuan in inclusive small and micro credit loans.
"The new tool allows monetary policy to directly reach the real economy and the people's livelihood at the grassroots level, which can reduce policy blockage and transmission costs, and effectively activate the vitality of micro-market entities." said Cheng Shi, chief economist of ICBC International.
—— Reasonably transfer profits to enterprises to reduce the financing burden of the real economy.
“I’m very happy to be able to get the loan. I didn’t expect that the bank would also bear the assessment fee, insurance fee, mortgage registration fee and other expenses of 5,300 yuan, and took the initiative to lower the loan interest rate for us!” Xinyu Feeling Bakery in Guangze County, Nanping City, Fujian The person in charge Wu Jinsheng said.
Not only give loans, but also reduce the burden.
Since the beginning of this year, the financial sector has effectively reduced the financing burden of the real economy by reducing interest rates and reducing or exempting fees.
In the first 7 months, the financial sector has given a reasonable profit of 870 billion yuan to enterprises, which is expected to reduce the burden of market players by 1.5 trillion yuan throughout the year.
"Serving the real economy is the bounden duty of finance." The Governor of the People's Bank of China Yi Gang said that in the face of the current complex and severe economic situation, the financial sector must innovate in financial services, further increase support for market players, and actively adapt to new corporate financing. It is required to ensure that the policy of direct access to the real economy is effective, and provide financial support for stabilizing enterprises and ensuring employment and the development of the real economy.