Our reporter Su Xianggao Chang Xiaoyu
Trainee reporter Yang Jie
Truck drivers and other logistics practitioners who "live on the road all the time" are an important force in ensuring the "continuous line" of the logistics supply chain, and their demand for financial services is beyond the recognition of most people.
Especially in the context of the epidemic, the freight logistics industry and the employed individuals in the industry have been greatly affected.
A staff member of a freight platform revealed to the "Securities Daily" reporter, "About 95% of the truck drivers on the platform are buying cars with loans, and some drivers are under great pressure to repay their loans due to the impact of the epidemic."
In this regard, the regulatory authorities attach great importance to it and quickly make moves.
According to the information on the official website of the China Banking and Insurance Regulatory Commission on April 12, recently, the China Banking and Insurance Regulatory Commission has conducted a special study on financial support for freight logistics, and requires the banking and insurance industry to go all out to help the freight and logistics industry.
Dong Ximiao, chief researcher of China Merchants Union Finance and a part-time researcher of the Financial Research Institute of Fudan University, told reporters that freight logistics is an important part of the industrial chain supply chain and the "last mile" to protect people's livelihood. service, with importance and urgency.
The reporter immediately contacted local regulators, banks, insurance companies, logistics companies, freight platforms, freight drivers and other relevant parties to understand the financial demands of practitioners "on the road" during the epidemic, as well as financial institutions' relief measures.
Multiple banks help
Avoid industry-wide loan cuts
The China Banking and Insurance Regulatory Commission stated that it is necessary to make good use of the support tools for inclusive small and micro loans, appropriately tilt the inclusive small and micro enterprise loans to transportation enterprises and individual industrial and commercial households, take the initiative to follow up and effectively meet their financing needs, and do a good job in deferring principal and interest repayment. The continuous conversion of relevant loans after the policy expires to avoid industry-specific loan restrictions, loan withdrawals, and loan terminations.
At the same time, the China Banking and Insurance Regulatory Commission also clarified specific measures, including encouraging banking and insurance institutions to optimize the approval process in accordance with market-oriented principles, opening up green channels for transportation enterprises with heavy tasks of epidemic prevention and control and emergency transportation, and providing flexible and convenient services; encouraging banking financial services On the basis of comprehensive consideration of their own business conditions and the repayment ability of customers, institutions will lower the actual loan interest rate and appropriately reduce fees; encourage government financing guarantee institutions to provide financing and credit enhancement support for qualified transportation enterprises.
During the interview, the reporter noticed that the banking industry is helping logistics companies "run" with practical actions.
A relevant person in charge of CCB told the "Securities Daily" reporter that CCB Shanghai Branch pays great attention to the financial needs of logistics and transportation companies. Since March 1, it has provided a total of 960 million yuan in credit support for the transportation, warehousing and postal industries.
"I didn't expect this amount to be released so quickly." The financial person in charge of Shanghai Yuantong Jiaolong Investment Development (Group) Co., Ltd. told reporters that the amount is mainly used for centralized payment by the group, and necessary expenses such as transportation fees and delivery fees. Support the normal operation of all distribution centers across the country.
On March 25, CCB Yangtze River Delta Sub-branch learned that Yuantong had a capital demand of 100 million yuan. It responded quickly, and the branches cooperated to open green channels and give priority to approval. In just 5 days, it successfully invested 100 million yuan in working capital for Yuantong. .
Anti-epidemic and anti-epidemic also need "grass first".
During the epidemic, Shanghai Jiliu Agricultural Development Co., Ltd. insisted on providing agricultural product materials for e-commerce platforms and supermarkets. The demand for procurement and supply has increased sharply, and capital operation turnover is urgently needed.
Shanghai Branch of Hengfeng Bank proactively connected with enterprises and formulated a pure credit, unsecured inclusive financing plan for them. The most preferential interest rate policy helps it ensure the supply of "vegetable baskets" to Shanghai citizens.
A smart supply chain company in the Shanghai Free Trade Zone has made great contributions to the protection of people's livelihood during the epidemic. According to the staff, the company needs to pay the payment for goods and staff wages in the middle of each month. At the beginning of the season and the beginning of the month, there is a lot of pressure on liquidity. Get short term, low cost working capital loans.
In response to this demand, China Zheshang Bank Shanghai Branch provided the company with ultra-short-term loan financing of 10 million yuan, which greatly reduced its financing costs and eliminated financial obstacles for the company to invest in anti-epidemic and people's livelihood security.
After the regulatory authorities made their voices heard, many banks also expressed their positive attitudes.
The reporter learned from Hengfeng Bank that the bank resolutely implements the regulatory opinions and fully supports the freight logistics industry to solve difficulties.
On the one hand, set up a special class for anti-epidemic material security, actively connect with local governments, comprehensively sort out express logistics companies and related upstream and downstream companies, and open up green approval channels to fully meet corporate capital needs.
On the other hand, we will continue to accelerate the innovation of financial products and strive to provide efficient financial support for the freight logistics industry.
In addition, some banks said that although there is no special preferential policy for the actual operation of transportation enterprises and individual industrial and commercial households, they will focus on it in the future.
This not only responds to the widespread concerns of all sectors of society, but also helps the banking industry to better meet the expectations of market players.
In fact, a considerable number of truck drivers in the freight industry are taking loans to buy cars, and in the context of the epidemic, they are facing greater pressure to repay their loans.
Chen Guangdong, a truck driver who lives in Dezhou City, Shandong Province, told the "Securities Daily" reporter, "I bought a truck with a loan of 480,000 yuan in August last year, and I need to repay about 17,000 yuan per month. Because the current industry is mostly unloading and settlement ( The cargo owner pays the freight after the truck driver arrives at the destination), and the transportation time and frequency are uncontrollable, and the truck driver is prone to a funding gap. Coupled with the repeated epidemics this year, I basically borrow money to repay the loan every month. "
Chen Guangdong said frankly, "I hope the bank can introduce a differentiated deferred repayment policy and eliminate overdue credit records. For example, truck drivers can apply for a grace period of up to 10 days according to transportation orders and freight payment. After all, we take out loans to buy cars to make a living. Instead of defaulting on the bill and not paying back the money.”
Some logistics companies and express company franchisees hope that banks will give preferential loan policies.
A franchisee of an express delivery company revealed to reporters that since the revenue and flow of most small and micro enterprises and individual industrial and commercial households do not meet the bank loan requirements, the loan is difficult, and it is hoped that the bank will increase loan support.
Several insurance companies responded:
Actively develop more targeted products
In response to the insurance industry helping the freight and logistics industry to relieve difficulties, the China Banking and Insurance Regulatory Commission mentioned that insurance companies are encouraged to develop accident insurance and other products according to the characteristics of working groups in special positions such as truck drivers and couriers.
Guide insurance companies to actively develop property insurance products such as cargo transportation insurance and road cargo transportation carrier liability insurance to provide risk protection for the logistics industry.
The reporter interviewed a number of insurance companies such as China Life, PICC, Taiping Life, Zhonghong Insurance, and Changan Insurance on issues such as "exclusive" insurance, freight insurance, and carrier liability insurance for freight logistics practitioners. Some companies said they are actively promoting In the future, more targeted insurance products will be developed for the freight logistics industry.
At present, people working in special positions such as truck drivers and couriers can insure personal accident insurance on the market.
Zhang Likai, vice president and chief actuary of Yuanbao, told the "Securities Daily" reporter that the main risk of couriers in the logistics industry is accidental injury. There are many such products in the market, and there are also Internet platform companies that deduct part of the express fee. , buy such insurance for couriers.
The relevant person in charge of Changan Insurance told reporters that for truck drivers, couriers and other groups, the insurance products that the company can insure include accidental injury insurance, which mainly pays for the death, disability and accidental medical treatment of the insured due to accidents.
In addition, freight insurance is also a relatively mature type of insurance, and insurance companies such as Ping An and PICC have already launched this business.
Judging from the business data of PICC P&C, the leading property insurance company, in 2021, the original premium of PICC P&C cargo insurance will reach 4.814 billion yuan, a year-on-year increase of 26.5%; the freight insurance loss ratio is 52.6%, a year-on-year increase of 9 percentage points; The expense ratio was 38.6%, down 0.7 percentage points year-on-year; the combined expense ratio was 91.2%, up 8.3 percentage points year-on-year.
The relevant person in charge of Changan Insurance stated that the company has domestic cargo transportation insurance and road cargo transportation carrier liability insurance, and relevant enterprises and individuals can apply for insurance.
In the future, we will actively develop related products and look forward to providing risk protection for more personnel in special positions.
"Logistics companies, in conjunction with the insurance industry, stabilize business fluctuations through insurance, which is not only beneficial to the development of individual enterprises, but also acts as a booster for the protection of the rights and interests of employees and the stability of employment, as well as the regulation and smoothness of the entire freight logistics in the long run. Yuanbao currently has personal accident insurance to choose from, and in the future, it will work with commercial insurance companies and mutual insurance companies to develop more targeted insurance for the logistics industry.” Zhang Likai said.
In fact, there is still a gap between the current supply of insurance products and the demands of practitioners.
The relevant person in charge of the card friend zone business department told reporters, "due to the high operating risk, truck drivers are classified as the sixth high-risk occupational group in the insurance industry, and there have been fewer insurance protection options. I hope that follow-up insurance companies can provide truck drivers. Provide various security products with high matching and high cost performance.”
Chen Guangdong said, "Although I have purchased personal accident insurance on my own, there are still many limitations in practice. I hope insurance companies can introduce disability protection products for truck drivers in multiple work scenarios."
Relevant staff of the Manbang Group expressed the hope that insurance companies can introduce more insurance for truck drivers, so as to truly help truck drivers avoid property damage and freight loss, and provide more beneficial personal protection for the people.
A person in charge of a courier company in Beijing told reporters, "In fact, compared with grassroots employees, express franchisees and small and micro transportation companies need more personalized insurance products, because companies need to bear the main responsibility for employment, and once there is a problem with employee safety, And when there is no insurance product to cover the bottom line, the business risk will be less controllable.”
A franchisee of an express company in Wuwei City, Gansu Province told reporters, "At present, we are insured with employer liability insurance. According to the accident situation, we hope that the follow-up insurance company can target vehicles (two-wheelers, tricycles) and driving couriers, etc. Customized insurance products for transported goods.”
The market has a voice, and the regulation has responded.
The reporter learned from the Beijing Banking and Insurance Regulatory Bureau that the Beijing Banking and Insurance Regulatory Bureau will guide insurance institutions within its jurisdiction to actively participate in the handling of occupational injury protection for employees in the new employment form in Beijing, and provide services for food delivery, instant delivery, and platform companies. Delivery and other practitioners provide occupational injury-related death, disability, medical treatment, rehabilitation and other security services.
Dong Ximiao believes that financial management departments should increase incentives for financial institutions to serve the freight logistics industry, such as reducing the cost of capital for financial institutions through structural monetary policy tools.
Local governments should establish a risk sharing and compensation mechanism to digest non-performing loans in the logistics industry loans of financial institutions according to a certain proportion, and government financing guarantee institutions should take logistics enterprises as important service objects.
More importantly, in the case of multiple spread of the epidemic, it is necessary to speed up the adoption of appropriate policies to eliminate "one size fits all", to ensure the work and life of logistics companies, truck drivers and courier brothers, and to create normal for the sustainable development of freight logistics companies. orderly environment.
(Securities Daily)