Li Keqiang chaired the State Council Executive Meeting
Decided to enhance the ability of financial services for small and medium-sized enterprises to allow local government special debt to reasonably support small and medium-sized banks to supplement capital
Adopted the "Regulations on Safeguarding Payment of SMEs (Draft)" to safeguard their legal rights and interests
Deployment further promotes the national high-tech industrial development zone to deepen reform and expand opening to promote high-quality development
The Premier of the State Council Li Keqiang presided over the executive meeting of the State Council on July 1 and decided to focus on enhancing the capabilities of financial services for small and medium-sized enterprises, allowing local government special debt to reasonably support small and medium-sized banks to supplement capital; through the "Regulations on Guaranteeing Payment of Small and Medium-sized Enterprises (Draft)", maintenance Its legitimate rights and interests; deployment further promotes the deepening of reforms and opening up of the National High-tech Industrial Development Zone, and promotes high-quality development.
The meeting pointed out that according to the deployment of the Party Central Committee and the State Council, to do a good job of "six stability" and "six guarantees", especially to ensure the survival and development of small, medium and micro enterprises and private enterprises, financial support must be increased to play an indispensable role for small and medium-sized banks. The meeting decided to arrange a certain amount in the new local government special debt limit this year, allowing local governments to explore new ways to supplement the capital of small and medium-sized banks in a reasonable way by subscribing to convertible bonds. The first is to give priority to supporting small and medium-sized banks with sustainable marketability to supplement capital, enhance their ability to serve small and medium-sized enterprises, and support job security. The second is to support the supplementary capital to promote the reform and exchange mechanism, and to improve the governance of small and medium-sized banks and improve the internal control mechanism as an important condition to support supplementary capital. The third is to consolidate the local government’s territorial responsibility, bank and shareholder’s main responsibility, and the financial management department’s regulatory responsibility. On the premise of comprehensively clearing assets and capital, investigating risks, and taking serious accountability in accordance with the law and regulations, we will steadily advance the replenishment of capital. We must also fully tap the potential of other resources to give support. Fourth, strengthen supervision and audit supervision throughout the process. Reasonable replenishment of capital for special debts, establish a market-based, timely withdrawal mechanism at maturity, and strictly prevent moral hazard.
The meeting pointed out that to stabilize the current economic fundamentals, we must focus on helping small and medium-sized enterprises to overcome difficulties. It is imminent to promulgate laws and regulations to guarantee payment of SMEs and safeguard their legal rights and interests. The meeting adopted the "Regulations on the Guarantee of Payment for Small and Medium-sized Enterprises (Draft)", which stipulates the conclusion of contracts, fund guarantees and payment methods for agencies, institutions and large enterprises and small and medium-sized enterprises, standardizes the payment period, and clarifies the requirements for inspection and acceptance. Responsible person changes, waits for acceptance, final account audit, etc., refuses or delays payment, and establishes a payment information disclosure system, requiring agencies, institutions, and large enterprises to overdue the number of contracts and amounts that have not been paid by SMEs within the specified time. Open to the public or public announcement, set up a breach of contract and arrears complaint handling, dishonest punishment, punishment and other provisions. The meeting required that all levels of government agencies and institutions should take the lead in implementing regulations and guarantee payment, and state-owned enterprises and large-scale platform enterprises must strictly implement regulations. The typical cases of arrears of small and medium-sized enterprises should be publicly exposed. The General Office of the State Council and relevant departments should strengthen supervision to ensure that the regulations are in place.
The meeting pointed out that the National High-tech Zone is an important carrier to promote high-quality development, plays an important role in leading the demonstration of greater reform and opening up, and is also conducive to promoting "double innovation" and the employment of university graduates. First, it is necessary to replicate and promote relevant reform pilot policies in the National High-tech Zone, such as the Pilot Free Trade Zone and the National Independent Innovation Demonstration Zone, and to strengthen innovation policies first and first. Relax the regulations for long-term multiple visas and residence permits for overseas talents. Second, we must increase the opening of the national high-tech zone, encourage various forms of cooperation with foreign parks, and better integrate into the international industrial chain and supply chain. Third, we must encourage commercial banks to set up science and technology sub-branches in the national high-tech zone, support the development of intellectual property pledge financing, and support the listing and financing of qualified national high-tech zone development and construction entities.