Our reporter Chen Guojing

　　At the recent press conference on financial services for small and micro enterprises and green finance held by the People's Bank of China, the heads of relevant departments of the People's Bank of China responded to hot issues of concern to the market.

　　Help the real estate industry resolve risks

　　In response to a question from a reporter from the Economic Daily, Zou Lan, Director of the Financial Markets Department of the Central Bank, said that project mergers and acquisitions between real estate companies are the most effective market-oriented means for the real estate industry to resolve risks and achieve liquidation.

　　Recently, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Doing a Good Job in Financial Services for M&A of Risk Treatment Projects of Key Real Estate Enterprises", which has attracted much attention.

Zou Lan introduced that in order to give full play to the positive role of project mergers and acquisitions in preventing and dissolving real estate market risks, promoting healthy development of the industry and a virtuous circle, and at the same time further emphasizing the principles of marketization and rule of law risk resolution, the People’s Bank of China and the China Banking and Insurance Regulatory Commission jointly issued such a proposal. Documents.

This document encourages financial institutions to improve service efficiency in terms of carrying out M&A loan business in a stable and orderly manner, increasing bond financing support, actively providing M&A financing advisory services, improving the efficiency of M&A services, and doing a good job in risk management, etc., to encourage financial institutions to improve service efficiency and create a good for mergers and acquisitions The financing environment has helped resolve risks and promote the clearing of the industry.

　　“my country’s real estate industry is highly market-oriented. According to data in recent years, nearly 500 of the existing more than 100,000 real estate companies will enter judicial bankruptcy and reorganization every year. An important method of clearing.” Zou Lan said that for the equity or assets of high-quality project subsidiaries held by housing enterprise groups that have been out of danger and have difficulty in capital turnover, many high-quality private and state-owned enterprises in the industry have the willingness to buy. Correspondingly, there is a demand for specialized and reasonable financing services.

　　Zou Lan emphasized that in the long run, promoting the structural adjustment of the real estate market through market-oriented methods such as mergers and acquisitions is conducive to the reduction of assets and liabilities of high-debt enterprise groups while protecting the legitimate rights and interests of housing consumers, which is conducive to guiding market entities to pay more attention. The risk assessment and management of the project itself is conducive to the formation of a new real estate development model and promotes a virtuous circle and healthy development of the real estate industry.

　　Direct tool conversion is good for small and micro enterprises

　　"This year, the People's Bank of China will focus on the conversion of two direct tools." Sun Guofeng, Director of the Monetary Policy Department of the Central Bank, introduced at the press conference. Micro-loan support tools, from 2022 to the end of June 2023.

From 2022, the Inclusive Small and Micro Credit Loan Support Program will be included in the management of re-loan for supporting agriculture and supporting small businesses.

　　How will the conversion of two monetary policy tools that directly reach the real economy into normalized tools affect small and micro enterprises?

Sun Guofeng said that since the implementation of the two monetary policy tools that directly reach the real economy, they have effectively played a leveraging role, provided positive incentives for financial support of small and micro enterprises and individual industrial and commercial households, and effectively promoted the stabilization of enterprises and employment.

　　According to data, as of the end of November 2021, the People's Bank of China has provided 18.9 billion yuan in incentive funds through the inclusive small and micro enterprise loan deferred principal and interest support tool, which directly drives the local corporate bank to 2 trillion inclusive small and micro enterprise loans The extension has spurred the extension of 15.1 trillion yuan in loans by banking institutions across the country.

The People's Bank of China provided 317.5 billion yuan of low-cost funds through the Inclusive Small and Micro Credit Loan Support Program, directly driving local corporate banks to issue inclusive small and micro credit loans of 879.4 billion yuan, and spurring national banking institutions to issue 96,000 inclusive small and micro credit loans. 100 million yuan, and achieved obvious results.

　　"The converted market-based tools will continue to play a leading role in promoting the increase, price reduction, and expansion of inclusive small and micro loans. The continuous conversion of the two direct tools will facilitate the marketization of financial institutions and customers to negotiate and continue due loans. At the same time, it actively explores new financing needs, guides financial institutions to expand financing for small and micro enterprises and individual industrial and commercial households, strengthens continuous service capabilities, and promotes further increase, price reduction, and expansion of inclusive small and micro loans." Sun Guofeng said.

　　Support the implementation of "dual carbon" special tools

　　At the press conference, Sun Guofeng also introduced the implementation of special tools to support carbon peak and carbon neutrality.

　　In November 2021, the People's Bank of China launched a carbon emission reduction support tool and a special reloan of 200 billion yuan to support the clean and efficient use of coal.

The two tools provide financial support through the direct mechanism of "loan first, then borrow". Financial institutions make decisions on their own and at their own risk to issue preferential interest rate loans to enterprises in related fields. A certain proportion of the government will be supported by low-cost funds.

The support ratio for carbon emission reduction support tools is 60%, and the support ratio for special refinancing for the clean and efficient use of coal is 100%, and the interest rate is 1.75%.

　　"Currently, the two tools have been successfully implemented." Sun Guofeng said that the People's Bank of China issued the first batch of 85.5 billion yuan in carbon emission reduction support tool funds to relevant financial institutions, and supported financial institutions that have issued 142.5 billion yuan in carbon emission reduction loans that meet the requirements. A total of 2,817 companies have contributed to the reduction of approximately 28.76 million tons of carbon emissions.

In the future, the People's Bank of China will continue to make good use of these two tools, encourage more social funds to invest in green and low-carbon fields, and help scientifically and orderly achieve the goals of carbon peak and carbon neutrality.

　　In order to help achieve the goal of carbon peak and carbon neutrality, Wang Xin, director of the Research Bureau of the People's Bank of China, said that in the next step, the financial sector will be more proactive and focus on the following tasks: First, improve the top-level design, guide and leverage more Funds enter the field of carbon emission reduction and promote the all-round green and low-carbon transformation of energy structure, industrial structure, production and lifestyle.

The second is to promote the development of standards and improve the standards for green finance and transition finance.

The third is to strengthen information disclosure, carry out carbon accounting for financial institutions, and steadily advance the climate risk stress test.

The fourth is to improve incentives and constraints, and enhance the internal driving force of the financial system to support green and low-carbon development.

Fifth, better play the pricing role of the national carbon emission rights trading market, and achieve carbon emission reductions in a more market-oriented way.