China News Service, November 23. Zou Lan, Director of the Financial Markets Department of the People's Bank of China, introduced on the 23rd that in terms of total amount, at the end of October, the balance of inclusive small and micro loans was 18.6 trillion yuan, a year-on-year increase of 26.7%.
In terms of coverage, the coverage of inclusive small and micro loans continued to expand. At the end of October 2021, inclusive small and micro loans supported 42.17 million small and micro business entities, a year-on-year increase of 34.1%.
The State Council Information Office held a regular policy briefing by the State Council on the 23rd to introduce the situation regarding the strengthening of relief assistance to small and medium-sized enterprises.
At the meeting, a reporter asked, what measures has the People's Bank of China introduced to help small and medium-sized enterprises solve their financing problems?
What results have been achieved?
What is the actual interest rate of loans for SMEs?
Has the coverage expanded?
What measures will be introduced in the next step?
Zou Lan introduced that the People's Bank of China has mainly promoted several tasks:
The first is to give play to the precise guiding role of structural monetary policy tools.
Actively play the role of re-lending, rediscounting policies, and precise drip irrigation, adding 300 billion yuan of small re-lending lines, and supporting local corporate banks to increase loans for small and micro enterprises and individual industrial and commercial households.
The second is to consolidate and enhance the effects of the two monetary policy tools that directly reach the real economy.
From 2020 to October this year, banks have accumulatively deferred the repayment of principal and interest for 14.4 trillion yuan of loans, of which 11.8 trillion yuan has been supported for the deferred repayment of principal and interest for small, medium and micro enterprises, and a total of 9.1 trillion yuan has been issued for inclusive small and micro credit loans.
The third is to improve the financing convenience of the supply chain of small, medium and micro enterprises.
Publish the supply chain financial management system, build a policy framework for the standardized development of supply chain finance, and support small, medium and micro enterprises in financing through the Zhongzheng Accounts Receivable Financing Service Platform.
From January to October this year, the Zhongzheng platform has supported nearly 20,000 small, medium and micro enterprises to obtain financing of 1.46 trillion yuan.
The fourth is to increase financial support for "specialized, special and innovative" small and medium-sized enterprises.
By the end of October this year, the overall loan-acquisition rate of specialized and new "little giant" enterprises exceeded 70%, and the average loan balance per household was 75.26 million yuan. Small and micro enterprise financing continued to maintain a good momentum of increasing volume, expanding coverage, and falling prices.
In terms of total amount, at the end of October, the balance of inclusive small and micro loans was 18.6 trillion yuan, a year-on-year increase of 26.7%.
In terms of coverage, the coverage of inclusive small and micro loans continued to expand. At the end of October 2021, inclusive small and micro loans supported 42.17 million small and micro business entities, a year-on-year increase of 34.1%.
From the perspective of loan interest rates, on the basis of the sharp decline in 2020, the weighted average interest rate of new inclusive small and micro enterprise loans issued in October was 4.94%, which was 0.14 percentage points lower than that in December 2020.
Zou Lan pointed out that in response to the many difficulties faced by small, medium and micro enterprises in the near future, the People's Bank of China will continue to promote related work in three aspects in the next phase:
The first is to make good use of the new 300 billion yuan of small-scale re-loan lines, guide local corporate banks to increase credit, pass preferential interest rates to small and micro enterprises and individual industrial and commercial households, and make good use of carbon emission reduction support tools and 200 billion yuan of coal cleaning Efficient use of special re-loans to promote green and low-carbon transformation of small, medium and micro enterprises.
The second is to coordinate the policy support and capital continuation after the expiration of the two instruments, while focusing on the quality of deferred loans and credit loans to effectively prevent and control credit risks.
The third is to carry out in-depth projects to improve the financial service capabilities of small, medium and micro enterprises.
Strengthen internal resource allocation and assessment incentives of financial institutions.
Strengthen the use of scientific and technological means, vigorously promote the active credit granting and loan-on-demand loan models, and standardize the development of supply chain finance.
At the same time, strengthen coordination and cooperation among departments, promote the construction of supporting mechanisms such as credit information sharing and financing guarantees, and improve the quality and efficiency of financial services.