China Banking and Insurance Regulatory Commission: Enterprises that are temporarily stranded due to floods and geological disasters shall not blindly draw loans, break loans and pressure loans
China News Agency, Beijing, July 18 (Reporter Wang Enbo) Recently, continuous heavy rainfall in southern China has caused natural disasters such as waterlogging, flooding, and mudslides. The China Banking and Insurance Regulatory Commission issued an article on the 18th to emphasize that companies that are temporarily unable to operate due to the disaster but have development prospects should not blindly draw loans, break loans, or suppress loans.
The Notice of the General Office of the China Banking and Insurance Regulatory Commission on Doing a Good Job in Emergency Response to Flood and Waterlogging Geological Disasters and Financial Support for Post-Disaster Reconstruction was announced on the same day. The "Notice" mentions that the Banking and Insurance Regulatory Bureau of the disaster-stricken area should strengthen the guidance of the financial services of the banking and insurance institutions within its jurisdiction, and effectively improve the level of financial services for enterprises in the disaster-stricken areas to resume work and resume production.
The first is to guide bank insurance institutions within their jurisdiction to continue to track the geological disasters of floods and waterlogging, deepen the understanding of disaster-stricken enterprises and farmers in the disaster situation and the financial needs for post-disaster reconstruction, and increase financial services in areas where the disaster situation has been alleviated. The second is to guide banking and insurance institutions within their jurisdiction to optimize supply chain financial services, strengthen credit support for core enterprises and upstream and downstream enterprises in the industry chain, and use the supply chain business system to provide convenient and fast for enterprises in disaster areas through a combination of online and offline. Supply chain financing services.
The "Notice" emphasizes that we must do our best to help the disaster-stricken enterprises and the people overcome the difficulties. The Banking and Insurance Regulatory Bureau of the disaster-stricken area shall urge the banking financial institutions in the jurisdiction to suspend the business temporarily affected by the disaster but have the prospect of development, and shall not blindly draw loans, cut off loans, or suppress loans; encourage banking financial institutions in the jurisdiction to appropriately reduce loans Interest rates, improving loan renewal policy arrangements, increasing credit loans and medium and long-term loan methods, and supporting relevant enterprises to overcome difficulties.
The China Banking and Insurance Regulatory Commission also requested that credit support and insurance protection in disaster areas be further increased. Actively help small and micro enterprises and self-employed industrial and commercial households in distress, increase resources in the field of inclusive finance, and actively reduce small and micro enterprises by adjusting debt service arrangements, moderately reducing loan interest rates, and perfecting the extension of loan renewal links Comprehensive financing costs. Support commercial insurance institutions to steadily expand insurance coverage of corporate property insurance, work safety liability insurance, agricultural insurance, etc., and stabilize the production and operation expectations of small and micro enterprises and individual industrial and commercial households. (Finish)