In 2020, the financial system will transfer 1.5 trillion yuan to the real economy.
Improve the quality and efficiency of financial services and add impetus to the development of enterprises (New economic orientation·How to see in 2020)
Our reporter Wu Qiuyu
In 2020, facing the impact of the new crown pneumonia epidemic, my country will increase its macro policy response, and financial services to the real economy will be more accurate and powerful, providing solid support for epidemic prevention and control and economic and social development.
At present, the prudent monetary policy is more flexible, precise, reasonable and appropriate, providing strong and effective financial support for accelerating the construction of a new development pattern.
Lower interest rates and waive fees
Various ways to reduce financing costs
Walking among the green waters and green hills of Anji, Zhejiang, the green ribbon-like white tea forests come into view.
"Last year the epidemic brought no small difficulties to production and operation, and the overall income was not ideal." said Shi Anqiang, a large white tea planter in Xucunwan Village, Xilong Township, Anji County. Seeing that the temperature is getting lower and lower, the maintenance fees for tea seedlings and fertilizers in winter There is also a large amount of expenses for fees.
When nothing could be done, Anji Rural Commercial Bank's "Liangshan White Tea Loan" product helped a lot.
After the customer manager's site visit, a three-year revolving credit loan of 800,000 yuan was quickly received.
"The interest rate is reduced by 30-40 basis points based on the 1-year loan market quote rate (LPR)." Ma Liangui, chairman of Anji Rural Commercial Bank, told reporters that up to now, the bank has issued nearly 400 million yuan in "Liangshan White Tea Loan".
In 2020, the strong support from financial policies will make the real economy feel warm and infused.
The People's Bank of China, the China Banking Regulatory Commission, and relevant departments have guided and urged financial institutions to increase their efforts to effectively support the development of the real economy, a prudent monetary policy is more flexible and appropriate, the continuous release of the loan market quoted interest rate (LPR) reform dividend, and a significant decline in corporate loan interest rates , Using structural monetary policy tools to accurately drip irrigation, urge banks to reduce fees and make profits.
"Monetary policy is precise and forceful, while maintaining reasonable and abundant liquidity, but also resolutely not engaging in flood irrigation, and it has well balanced the relationship between stable growth and risk prevention." Such as the director of the Institute of Financial Research Guan Qingyou said.
Not only give loans, but also reduce the burden.
In 2020, in accordance with the principle of commercial sustainability, the financial system will effectively reduce the financing costs of the real economy through various methods such as lower interest rates and fee reductions, and a total of 1.5 trillion yuan will be transferred to the real economy throughout the year.
"The 5 million yuan loan is already very rewarding. I did not expect that China Construction Bank will also bear the assessment fee and insurance fee of 5,300 yuan, and reduce the interest rate by 50 basis points." Wu Jinsheng, head of Xinyu Feeling Bakery, Guangze County, Nanping City, Fujian Say.
In 2020, he planned to expand his business, but due to the epidemic, the store did not open for two consecutive months, and the capital chain was suddenly tight.
With the help of Nanping Guangze Branch of China Construction Bank, he successfully obtained the loan.
Under the combined effect of a series of measures, the quality and efficiency of financial services to the real economy continued to improve.
In 2020, RMB loans issued by financial institutions to the real economy will increase by 20.03 trillion yuan, an increase of 3.15 trillion yuan year-on-year.
Pratt & Whitney direct precision drip irrigation
Build a fast lane for small and micro enterprises financing
Account opening, due diligence, credit approval, lending...In just one week, Jing'an Gaobao (Beijing) Security Service Co., Ltd. received a full-line bank tax loan of 2 million yuan issued by the Beijing Branch of Shanghai Pudong Development Bank, which is the first in the 7 years since the establishment of the company. Loan.
“We have no real estate mortgage, no credit history, and lack of high technology. We never thought that the bank could give loans before.” said Li Heling, the company’s executive director.
From "don't dare to lend and unable to lend" to "first loan to break the ice", it is the country's determination and action to effectively solve the problem of financing difficulties and expensive financing for small and micro enterprises.
Beijing has set up a first loan service center to formulate diversified and personalized credit solutions for enterprises.
In the first 11 months of 2020, the number of new inclusive small and micro enterprise credits accounted for nearly 40% of the first-time credit.
Mortgage of intellectual property rights, supply chain finance, and bank-tax interaction...Innovative financial products one by one, to build a fast track for small and micro enterprises to finance.
On June 1, 2020, the People's Bank of China created two monetary policy tools that directly reach the real economy-inclusive small and micro enterprise loans deferred principal and interest payment policy and credit loan support plan.
These two major tools use central bank funds to encourage banks to "delay as long as possible" in inclusive loans to small and micro enterprises, and substantially increase credit loans.
Guangdong Fuer Electronics Co., Ltd. is a leading enterprise in Maoming City. Its electric rice cooker magnetic steel temperature limiter and thermal insulation heating components are supplied to more than 20 enterprises.
As the domestic economy continues to recover steadily, corporate orders quickly rebounded, and liquidity was stretched.
With the help of the credit loan support program, the Guangzhou branch of the People's Bank of China guided Xinyi Rural Commercial Bank to accurately meet the needs of the enterprise, and quickly handled a 3 million yuan pure credit loan, and the enterprise let it go to take a large order.
"Compared with traditional methods, the two tools have more significant marketization, inclusiveness, and direct access characteristics, which promote the precise drip irrigation of monetary policy." said Dong Ximiao, a distinguished researcher of the National Finance and Development Laboratory.
In 2020, my country's small and micro enterprise financing has achieved significant effects of "increasing volume, falling prices, and expanding coverage". By the end of 2020, the balance of inclusive small and micro loans was 15.1 trillion yuan, a year-on-year increase of 30.3%.
The interest rate of newly issued inclusive small and micro loans in December 2020 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.
Be steady without turning
Maintain the sustainability of normal monetary policy space
The 2021 People’s Bank of China Working Conference held recently proposed that a prudent monetary policy should be flexible, precise, reasonable and appropriate.
Continue to give full play to the precise drip irrigation of structural monetary policy tools and credit policies, and build financial institutions to effectively support small and micro enterprises and other real economies.
"In 2021, the monetary policy should be'stable', not to make a sharp turn, to grasp the timeliness and to maintain the sustainability of the normal monetary policy space." Sun Guofeng, Director of the Monetary Policy Department of the People's Bank of China, said that in the next step, the People's Bank of China will Comprehensive use of various monetary policy tools to provide short-term, medium-term and long-term liquidity to the banking system, and maintain reasonable and sufficient liquidity.
Continue to deepen the reform of interest rate marketization, consolidate the results of the decline in the real interest rate of loans, and promote the steady and slow decline of the comprehensive financing costs of enterprises.
On December 21, 2020, the executive meeting of the State Council decided to extend the deferred principal and interest payment policy and credit loan support plan for inclusive small and micro enterprise loans.
The market generally believes that the implementation and proper extension of the two monetary policy tools that directly reach the real economy will help small and micro enterprises to better respond to changes in the domestic and foreign environment and achieve stable recovery of production and operation.
"Last year we received the first loan in the eight years since its establishment. This year the state continues to provide good policies for small and micro enterprises, and we are more confident in making our business bigger and stronger." Hua Yanhong, Finance Manager of Guangdong Foshan Ronghetai Furniture Co., Ltd. Say.
Yi Gang, the governor of the People’s Bank of China, said that in 2021, the People’s Bank of China will base itself on a new development stage, implement new development concepts, focus on promoting high-quality development, and deepen financial supply-side structural reforms as the main line to build a modern central bank system. Continue to do a good job in the "six stability" and "six guarantees" to provide strong and effective financial support for accelerating the construction of a new development pattern.