China News Service, Beijing, June 9 (Reporter Wang Enbo) Chinese officials are stepping up arrangements to increase credit issuance.
The China Banking and Insurance Regulatory Commission held a special (television and telephone) meeting on small and micro finance work on the 9th, requesting that credit resources be further allocated to areas severely affected by the epidemic.
Since the beginning of this year, the ability of China's banking industry to serve the real economy, especially small and micro enterprises, has continued to increase.
At the end of the first quarter, the loan balance of banking financial institutions for small and micro enterprises was 53.4 trillion yuan (RMB, the same below), of which the balance of inclusive loans to small and micro enterprises with a total credit line of 10 million yuan or less per household was 20.6 trillion yuan , a year-on-year growth rate of 22.6%.
At this meeting, the China Banking and Insurance Regulatory Commission proposed to focus on increasing the supply of credit.
In 2022, we will continue to achieve the goal of "two increases" in inclusive loans to small and micro enterprises, and ensure the incremental expansion of loans to individual industrial and commercial households.
Banking institutions must implement the credit plan for small and micro enterprises at every level, and further allocate credit resources to areas severely affected by the epidemic.
All types of banking institutions have received corresponding tasks: large state-owned banks must ensure that the new inclusive loans for small and micro enterprises will be 1.6 trillion yuan; Increase investment; local corporate banks should make full use of policies such as inclusive small and micro loan support tools and re-lending to support small and medium-sized enterprises to further expand the increment of inclusive small and micro enterprise loans.
For enterprises and truck drivers in industries such as catering, retail, culture, tourism, transportation, and manufacturing, which have been seriously affected by the epidemic, the meeting requested that the conditions for deferred repayment of principal and interest be reasonably set, and the extension period can be appropriately relaxed.
Adhere to the improvement of the professional system and mechanism of "dare to lend, willing to lend, able to lend, and meeting loans", and implement mechanisms such as performance appraisal, due diligence exemption, and bad tolerance at the grassroots level.
Resolutely curb irregular business practices, and strictly implement the management regulations on credit financing charges and service prices.
The meeting also emphasized that it is necessary to strengthen internal control and compliance management and regulatory inspection, and seriously investigate and deal with illegal behaviors that exploit policy loopholes and falsify the use of loans for small and micro enterprises to extract funds, so as to ensure that the state's assistance policies and financial resources are truly used.
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