Zhongxin Finance, May 4th, according to the website of the China Banking and Insurance Regulatory Commission on the 4th, recently, the China Banking and Insurance Regulatory Commission held a special meeting. The meeting pointed out that it is necessary to urge banking and insurance institutions to adhere to the positioning of "houses are for living, not for speculation". The city implements the differentiated housing credit policy, supports the demand for first and improved housing, and flexibly adjusts the personal housing loan repayment plan for those affected by the epidemic.
The meeting mentioned that it is necessary to distinguish project risks from enterprise group risks, do not blindly withdraw, cut off or suppress loans, and maintain stable and orderly real estate financing.
In accordance with the principles of marketization and the rule of law, financial services for mergers and acquisitions of key real estate enterprises' risk disposal projects shall be done well.
The meeting emphasized the need to promptly implement various financial policies that have been determined, and scientifically use various financial resources such as credit, bonds, equity, and insurance to increase and improve financial supply.
Encourage large banks and other high-quality listed banks with relatively high provision levels to reduce provision coverage ratios in an orderly manner and release more credit resources.
Strengthen financial services for "new citizens" and support the financial needs of "new citizens" in urban entrepreneurship and employment, housing purchase and housing, education and training, medical care and elderly care.
The meeting also emphasized that it is necessary to support the key role of effective investment, ensure the financing of key areas and major projects in the "14th Five-Year Plan", and support moderately advanced infrastructure investment.
Guide financial institutions to accurately grasp credit policies, strengthen financing support for industries, small, medium and micro enterprises and individual industrial and commercial households severely affected by the epidemic, improve financing convenience, and reduce comprehensive financing costs.
At the same time, it is necessary to fully support the work of ensuring the smooth flow of freight logistics, and open up green channels for transportation and logistics enterprises that undertake heavy tasks of epidemic prevention and control and emergency transportation.
We will do a solid job of financial support to ensure supply and price of energy resources, help stabilize the industrial chain and supply chain, fight the epidemic and ensure the supply of enterprises, and the normal operation of key infrastructure.
The meeting pointed out that it is necessary to give full play to the advantages of long-term investment of insurance funds, solve the problem of "long money and short allocation" in a targeted manner, and further reduce the proportion of non-standard assets.
Establish and improve the long-term assessment mechanism of insurance funds, enrich the channels for insurance funds to participate in capital market investment, encourage insurance asset management companies to increase the issuance of portfolio insurance asset management products, and guide insurance institutions to allocate more funds to equity assets.
The meeting also mentioned that to complete the special rectification work for large-scale platform enterprises, red and green lights must be set up, normalized supervision should be implemented, and the platform economy should be supported in a standardized and healthy development.
It is necessary to study and improve relevant laws and regulations and institutional arrangements, further enrich the financial stability guarantee fund, give full play to the positive role of insurance guarantee funds and trust industry guarantee funds in risk disposal, and build a dense financial safety net.
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