China News Service, April 2nd. According to the website of the Ministry of Industry and Information Technology, recently, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the Ministry of Finance, the Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the The Notice on Matters Concerning the Implementation Period of the Interest Policy and Credit Loan Support Policy (hereinafter referred to as the "Notice") shall be implemented from the date of issuance.

The "Notice" pointed out that the deferred principal and interest payment policy for inclusive small and micro enterprise loans was postponed to December 31, 2021; the inclusive small and micro enterprise credit loan support policy was postponed to December 31, 2021.

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  The "Notice" mentioned that the policy of deferred repayment of principal and interest for inclusive small and micro enterprise loans will continue to be implemented.

The deferred principal and interest payment policy for inclusive small and micro enterprise loans has been postponed until December 31, 2021.

For inclusive small and micro enterprise loans due from April 1, 2021 to December 31, 2021 (including small and micro enterprise loans with a single-account credit of 10 million yuan or less, business loans for individual industrial and commercial households and small and micro business owners, The same below), which is determined by the enterprise and the bank through independent negotiation, and continues to implement the phased extension of the repayment of principal and interest.

  For urban commercial banks, rural commercial banks, rural cooperative banks, rural banks, rural credit cooperatives, private banks and other local corporate banking financial institutions, the extension of the period of not less than 6 months inclusive small and micro enterprise loans, the People’s Bank of China approved Monetary policy tools, incentives are given at 1% of the deferred loan principal, and the total amount of incentive funds is controlled within the amount approved by the State Council.

The same loan (including loans that have been extended before) can only get the incentives provided by the People's Bank of China again.

  The "Notice" stated that the inclusive credit loan support policy for small and micro enterprises will continue to be implemented.

The inclusive credit loan support policy for small and micro enterprises has been extended to December 31, 2021.

For inclusive small and micro enterprise credit loans newly issued by qualified local corporate banking financial institutions, the People's Bank of China will continue to provide preferential financial support through monetary policy tools to increase support for individual industrial and commercial households.

The scope of monetary policy instrument support is for newly issued loans with a maturity of not less than 6 months from April 1 to December 31, 2021. The support ratio is 40% of the loan principal, and the total amount of funds is controlled within the re-loans approved by the State Council Within the quota.

Eligible local corporate banking financial institutions are those with the latest central bank rating of 1-5.

  The loans supported by the People's Bank of China through monetary policy tools are still managed by the lending bank, and the loan interest is collected by the lending bank, and the bad debt losses are also borne by the lending bank.

For the preferential financial support provided by the People's Bank of China through monetary policy tools, the lending bank shall return the original amount at the end of one year from the date of receipt of the funds.

  In terms of supporting policies, the "Notice" stated that the People's Bank of China should use a variety of monetary policy tools to maintain reasonable and sufficient liquidity in the banking system for liquidity problems arising from the implementation of the above-mentioned policies.

For loans with deferred principal and interest payments, banks should adhere to substantive risk judgments, and should not lower the loan risk classification due to epidemic factors, and should not affect corporate credit records.

  Secondly, when evaluating the operating performance of state-controlled and equity-holding banks in 2021, financial departments at all levels should fully consider the impact of the deferred debt service policy on the bank’s performance, and make reasonable adjustments and evaluations.

  In terms of work requirements, the branches of the People’s Bank of China, all branches of the China Banking and Insurance Regulatory Commission, and the competent departments of finance, development and reform, and SMEs at all levels must strengthen coordination and cooperation, and strengthen policy transmission in accordance with the work requirements of "six stability" and "six guarantees". Pay close attention to implementation, improve the service capabilities of small and micro enterprises of banks in the jurisdiction, and ensure that small and micro enterprises are more convenient in financing and the overall financing costs are steadily and slightly reduced.

  Branches of the People’s Bank of China shall, in conjunction with agencies dispatched by the China Banking and Insurance Regulatory Commission, do a good job in monitoring and evaluating the deferred principal and interest repayment of inclusive small and micro enterprise loans and inclusive credit loans for small and micro enterprises in the banks in the jurisdiction, and prevent moral and financial risks in the implementation of policies , Strengthen the organization and promotion to ensure that the policy achieves practical results.

It is necessary to strictly implement relevant policies and use central bank funds to accurately support inclusive small and micro enterprises.

  All financial institutions should improve their political positions, attach great importance to financial support for small and micro enterprises and other real economies, strengthen accountability, and improve their financial service capabilities for small and micro enterprises in accordance with the requirements of financial supply-side structural reforms.

It is necessary to earnestly assume the responsibility of reviewing inclusive small and micro enterprise loans, and apply for central bank funding support in strict accordance with policy requirements.

  This "Notice" will be implemented from the date of issuance.

Inclusive small and micro enterprise loan deferred principal and interest payment policy and inclusive small and micro credit loan support policy related work processes, including material submission and review, account creation and reporting, business risk management, etc., continue to implement the "People's Bank of China" Notice of the Ministry of Industry and Information Technology of the Development and Reform Commission of the Ministry of Finance of the China Insurance Regulatory Commission on further implementing the phased deferment of the repayment of principal and interest for loans to small and medium-sized enterprises (Yinfa (2020) No. 122) and the Development and Reform Commission of the Ministry of Finance of the People’s Bank of China And the Ministry of Information Technology's Notice on Increasing Credit Loan Support for Small and Large Enterprises (Yinfa [2020] No. 123).

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