China News Service, January 15th. Chen Yulu, deputy governor of the People’s Bank of China, said on the 15th that in the next step, the People’s Bank of China will maintain policy continuity, stability and sustainability in accordance with the deployment of the Central Economic Work Conference, and continue to use the structure well We will give full play to the supporting role of the national accounts receivable financing platform, movable property and rights guarantee unified registration platform, and increase financial support for the development of small and micro enterprises.

Data map: People's Bank of China.

China News Agency issued Yang Mingjing photo source: CNSPHOTO

　　At a press conference held by the State Council Information Office on the 15th, a reporter asked: In 2020, my country’s real economy, especially small and micro enterprises, will be severely affected and impacted by the epidemic. What measures have the People's Bank of China adopted to support the development of small, medium and micro enterprises? Measures?

What are the considerations for the next step?

　　Chen Yulu responded that supporting the steady development of small and micro enterprises is a top priority in the work of the People's Bank of China and the financial system.

As you mentioned earlier, 2020 will be severely impacted by the new crown epidemic, making small and micro enterprises more difficult to produce and operate. They are a key market player for us to stabilize enterprises and ensure employment.

The People's Bank of China resolutely implements the decisions and deployments of the Party Central Committee and the State Council, and in conjunction with relevant ministries and commissions, has issued four policies and measures in a timely manner to firmly support the financing and stable development of small and micro enterprises.

Generally speaking:

　　The first is to innovate two monetary policy tools that directly reach the real economy.

In June last year, it introduced the deferred principal and interest payment policy for inclusive small and micro enterprise loans, as well as a credit loan support program.

These two tools use the central bank's funds to encourage banks to "delay as long as possible" in inclusive loans to small and micro enterprises, and substantially increase credit loans.

In the whole year, the banking industry accumulated a total of 7.3 trillion deferred principal and interest payments, and issued a total of 3.9 trillion inclusive small and micro credit loans, an increase of 1.6 trillion from the same period last year.

　　The second is to increase inclusive policy support for small and micro enterprises in key areas.

Take the lead in introducing 30 measures to support the fight against the epidemic, set up a special reloan of 300 billion yuan for epidemic prevention and control, and target more than 7,600 key enterprises for epidemic prevention and supply, most of which are small, medium and micro enterprises.

In accordance with the needs of epidemic prevention and control and resumption of work and production, an additional 500 billion resumption of work and production, 1 trillion inclusive re-loan re-discount quotas have been added, and more than 600,000 industry companies that have been greatly affected by the epidemic have been supported, most of them It is also a small, medium and micro enterprise.

　　The third is to enhance the financial service capabilities of commercial banks' own small and micro enterprises.

The People’s Bank of China has actively urged commercial banks to improve their resource allocation and performance evaluation mechanisms for small and micro enterprises, increasing the weight of inclusive finance for commercial banks to more than 10%. Credit loans, first loans, and renewals without repayment have been greatly increased. The top 11 Among the newly-added credits of Inclusive Small and Micro businesses in the past month, the number of first-time credit accounts for nearly 40%.

　　The fourth is to give play to the joint efforts of "several companies".

Further improve monetary, regulatory, fiscal and taxation, and external policy incentives.

Give better play to the role of government financing guarantee institutions, improve local risk sharing and compensation mechanisms, comprehensively implement policies, and deepen financial services for small and micro enterprises.

At the same time, it also actively promotes the construction of credit information platforms to promote the sharing of credit information for small and micro enterprises.

The accounts receivable financing platform operated by the Credit Information Center of the People's Bank of China helped small, medium and micro enterprises reach RMB 2 trillion in financing throughout the year, exceeding the annual target of RMB 800 billion.

　　Chen Yulu pointed out that overall, last year's small and micro enterprise financing achieved significant effects of "volume increase, price decrease, and coverage expansion". By the end of last year, the balance of inclusive small and micro enterprises was 15.1 trillion, a year-on-year increase of 30%.

The interest rate for newly issued inclusive small and micro loans in December was 5.08%, a decrease of 0.8 percentage points from the same period last year.

In 2020, a total of 32.28 million business entities were supported, an increase of 5.24 million from the previous year.

　　Chen Yulu said that in the next step, the People’s Bank of China will maintain policy continuity, stability and sustainability in accordance with the deployment of the Central Economic Work Conference, continue to make good use of structural monetary policy tools and the credit policy of precise droppers, and give full play to the national application. The supporting role of the accounts receivable financing platform, the unified registration platform for movable property and the guarantee of rights has increased the financial support for the development of small and micro enterprises.