Zhongxin Finance, April 18. On the 18th, the People's Bank of China and the State Administration of Foreign Exchange issued the "Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development".

The "Notice" requires that financial institutions should flexibly support the trapped people by delaying the repayment time, extending the loan period, and delaying the repayment of the principal, and relevant overdue loans may not be reported as overdue records.

  Increase financial support for distressed market players such as small and micro enterprises.

Give full play to the role of inclusive small and micro loan support tools. From January 1, 2022 to the end of June 2023, incentive funds will be provided according to 1% of the incremental balance of inclusive small and micro loans of local corporate financial institutions, and financial institutions will be encouraged to stabilize inclusive small and micro loans. The stock of micro-loans will be expanded and the increment will be expanded.

Incorporate the Inclusive Small and Micro Enterprise Credit Loan Support Plan into the re-loan management for supporting agriculture and supporting small and medium-sized enterprises. From 2022, the 400 billion yuan re-loan quota originally used to support inclusive small and micro credit loans will continue to be used on a rolling basis, and can be re-loaned if necessary. Further increase, and guide financial institutions to increase the proportion of credit loans and first-time lenders.

  Financial institutions should promote the mode of active credit extension and loan repayment as needed to better meet the needs of small and micro enterprises.

It is necessary to refine and implement internal fund transfer pricing, non-performing tolerance, due diligence exemption, performance appraisal and other requirements, optimize the allocation of credit resources, strengthen the empowerment of financial technology, and accelerate the improvement of the financial service capabilities of small and micro enterprises.

According to the principle of marketization, by providing medium and long-term loans, reducing interest rates, extending or renewing loans, etc., we must actively support distressed enterprises in resisting the impact of the epidemic.

It is necessary to actively connect with the credit information platform related to enterprise-related credit information in different fields such as finance, government affairs, public utilities, and commerce, so as to alleviate the information asymmetry between banks and enterprises and improve the efficiency of financing.

  Improve the quality and efficiency of financial services to key areas and the beleaguered population.

Financial institutions should improve the level of financial supply in areas severely affected by the epidemic by adjusting regional financing policies, internal fund transfer pricing, and implementing differentiated performance appraisal methods.

  For those who are hospitalized or quarantined due to infection with COVID-19, those who need to be quarantined and observed for epidemic prevention and control, and those who have temporarily lost their source of income due to the epidemic, financial institutions should optimize their credit policies in a timely manner, distinguish between repayment ability and repayment willingness, and distinguish between those affected by the epidemic. The short-term repayment ability and the medium- and long-term repayment ability of the company will be supported by adjusting the repayment plan by flexibly adjusting the repayment time, extending the loan period, and delaying the repayment of the existing personal housing and other loans.

For flexible employment subjects such as taxi drivers, online shop owners, and truck drivers, financial institutions can increase their support for operating loans by comparing individual industrial and commercial households and small and micro business owners.

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