(Economic Watch) China's "real money" escorts market players through difficulties

　　China News Agency, Beijing, April 19th: China's "real money" escorts market players through difficulties

　　China News Agency reporter Chen Kangliang

　　Since the beginning of this year, due to the repeated outbreak of the new crown pneumonia, the operating pressure of various market players in China has increased.

In order to help all kinds of enterprises tide over the difficulties, from the central government to the local government, the Chinese government has continuously increased its efforts to help enterprises, and has successively introduced a new round of rescue measures covering tax reduction and fee reduction, service optimization, and financial support. Use real money to escort market entities through difficulties.

Tax reduction and fee reduction for enterprises to "reduce"

　　In recent years, Chinese officials have insisted on reducing taxes and fees as an important "first move" to bail out and help enterprises.

Taking the residual value-added tax refund as an example, starting from April 1, China will expand the policy scope of the advanced manufacturing industry to fully refund the incremental value-added tax credits on a monthly basis to eligible small and micro enterprises.

　　Xie Wen, director of the Department of Goods and Services Tax of the State Administration of Taxation, said that among the enterprises benefited by the tax rebate policy this year, the number of small and micro enterprises will account for more than 90%.

Through large-scale value-added tax credits and refunds, about 1.5 trillion yuan (RMB, the same below) will be refunded to enterprises in the form of "real money and silver", helping enterprises to be light-weight in production and operation.

　　Including the "red envelopes" for residual value-added tax credits, this year China will implement a tax rebate and tax reduction policy estimated to be about 2.5 trillion yuan, opening a new round of "bonus period" to bail out companies.

　　In terms of fee reductions, the Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange have recently issued notices to reduce or exempt some specific related fees for listed companies in 2022.

At the same time, a number of futures exchanges, including Shanghai Futures Exchange, Zhengzhou Commodity Exchange, and Dalian Commodity Exchange, have also introduced measures such as waiving delivery fees, using "real money" to reduce fees and make profits to support market players in responding to the epidemic , to speed up the recovery and development.

Optimization services do "addition" for enterprises

　　For market players who are at a difficult juncture, the governments of various regions in China have not stopped at a simple "one-and-one reduction", but on the basis of cost reduction, they have further optimized their services to enterprises, improved the business environment, and improved the business environment for various enterprises. , especially small and medium-sized enterprises, so as to "support the horse and give it a ride".

　　In Jilin, the government has opened up a "green channel" to serve enterprises that have resumed production and resumed production, providing comprehensive consulting services such as product inspection, standard consulting, certification and accreditation; in Anhui, the support action for enterprises that have stopped production and semi-suspended production has continued, and more than 130 provincial, municipal, and county levels have been established. In Putian City, Fujian Province, the State Grid Power Supply Company is responsible for investing in the use of low-voltage access for small and micro enterprises with a power connection capacity below 160 kVA, and arranges special funds to apply for low-voltage access. Interest loans are used to provide discounted interest or discount subsidies to industrial enterprises that pay electricity bills in the first quarter of 2022; in Guangdong, the official pooled funds are used as bailout funds for cultural tourism enterprises, mainly used to support cultural tourism enterprises and cultural tourism consumption promotion activities; In Heilongjiang, the catering industry authorities at all levels guide Internet platforms such as takeout to lower the service fee standards, reduce promotion and publicity costs, and provide certain drainage support for high-quality small and micro catering users...

　　Shan Lipo, director of the SME Development Promotion Center of the Ministry of Industry and Information Technology, said that with the efforts of various departments, the quality of services provided to SMEs has been effectively improved, the approval procedures for corporate investment projects have been simplified, and the trademark registration review cycle has been greatly shortened. There are more than 1,000 SME development promotion centers (service centers), and various socialized professional organizations continue to increase the supply of services to SMEs.

Solve financing problems and do a good job of "multiplication" for enterprises

　　Financial water is timely rain for many businesses.

Helping enterprises solve problems such as financing difficulties and expensive financing, so as to better exert the financial multiplier effect and help enterprises to better get out of the predicament.

　　The "Several Policies on Promoting the Recovery and Development of Difficult Industries in the Service Industry" jointly issued by 14 departments including the National Development and Reform Commission clearly requires that the guiding role of market-oriented tools to support inclusive small and micro enterprises should be fully played, and financial institutions should be guided to increase their support for difficult industries, especially those in difficult industries. The inclination of the service sector.

　　Various places have also responded positively, and practical tricks have been reported frequently.

Shandong has included small and micro enterprises, agriculture-related fields, especially small and medium-sized micro enterprises that have been greatly affected by the epidemic, into the guidance in batches and stages, and strives to prevent banks from blindly withdrawing loans, breaking loans, restricting loans, and suppressing loans, so as to maximize the reasonable financing of enterprises. appeal.

As of the end of March, a total of 20 billion yuan has been raised for nearly 1,200 companies that encountered financing difficulties.

　　Shenzhen issued a document stating that the risk loss compensation ratio of the loan risk compensation fund pool for small and medium-sized enterprises to commercial banks for new loans from March 1 to June 30, 2022 should be increased by 30 percentage points, with a maximum compensation ratio of 80%.

　　Wang Meiting, a researcher at the Bank of China Research Institute, said that the problems of difficult and expensive financing for small and medium-sized enterprises have a long history.

The epidemic has had a greater impact on small, medium and micro enterprises, and it is necessary to introduce more active financial and monetary policies.

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