China Banking and Insurance Regulatory Commission: Provide loan renewal support to eligible small and micro enterprises and self-employed

　　Zhongxin Finance, April 15th. On the 15th, Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, said at the State Council Information Office's press conference on the operation and development of the banking and insurance industry in the first quarter of 2022, that for those who have difficulty in repayment during the epidemic For micro-enterprises and individual industrial and commercial households, the China Banking and Insurance Regulatory Commission requires banks not to withdraw or terminate loans to small and micro-enterprises and individual industrial and commercial households that are temporarily in financial difficulties due to the impact of the epidemic. Banks are encouraged to provide support by extending loan periods and adjusting repayment arrangements.

For small and micro enterprises and individual industrial and commercial households that meet the conditions for loan renewal, the bank should actively provide loan renewal support.

　　Regarding the prevention of asset quality risks, the China Banking and Insurance Regulatory Commission has always adhered to the equal emphasis on "promoting development" and "preventing risks", and guided banks to improve the risk management level of loans to small and micro enterprises.

Specifically, it includes setting up an inclusive finance business department, using professional teams to do professional work, using scientific and technological means to strengthen the identification and management of loan risks, promoting credit information sharing, alleviating information asymmetry between banks and enterprises, and actively playing the role of government financing guarantee institutions and other measures.

　　In general, the current inclusive loans to small and micro enterprises in the banking industry are risk controllable and commercially sustainable.

According to preliminary statistics, as of the end of March, the non-performing loan ratio of inclusive small and micro enterprises in the banking industry was 2.07%, a year-on-year decrease of 0.25 percentage points.

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